PTY vs. FRSTX
PTY (PIMCO Corporate & Income Opportunity Fund) and FRSTX (Franklin Strategic Income Fund) are both mutual funds - PTY is a Corporate Bonds fund managed by PIMCO, while FRSTX is a Multisector Bonds fund managed by Franklin Templeton. Over the past 10 years, PTY returned 8.40%/yr vs 2.37%/yr for FRSTX. At a 0.27 correlation, their price movements are largely independent. PTY charges 1.19%/yr vs 0.89%/yr for FRSTX.
Performance
PTY vs. FRSTX - Performance Comparison
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Returns By Period
In the year-to-date period, PTY achieves a -1.50% return, which is significantly lower than FRSTX's 0.10% return. Over the past 10 years, PTY has outperformed FRSTX with an annualized return of 8.40%, while FRSTX has yielded a comparatively lower 2.37% annualized return.
PTY
- 1D
- 0.25%
- 1M
- 0.91%
- 6M
- -3.58%
- YTD
- -1.50%
- 1Y
- -3.88%
- 3Y*
- 5.67%
- 5Y*
- -0.13%
- 10Y*
- 8.40%
FRSTX
- 1D
- 0.12%
- 1M
- -0.50%
- 6M
- -0.38%
- YTD
- 0.10%
- 1Y
- 4.22%
- 3Y*
- 4.49%
- 5Y*
- 1.25%
- 10Y*
- 2.37%
PTY vs. FRSTX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
PTY PIMCO Corporate & Income Opportunity Fund | -1.50% | -0.51% | 19.87% | 22.56% | -18.71% | 0.40% | 3.24% | 35.36% | 2.49% | 26.63% |
FRSTX Franklin Strategic Income Fund | 0.10% | 5.97% | 3.28% | 8.44% | -10.72% | 2.13% | 3.49% | 8.17% | -1.87% | 4.50% |
Correlation
The correlation between PTY and FRSTX is 0.28, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.28 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.28 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.33 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.28 |
Correlation (All Time) Calculated using the full available price history since Dec 26, 2002 | 0.27 |
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Return for Risk
PTY vs. FRSTX — Risk / Return Rank
PTY
FRSTX
PTY vs. FRSTX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for PIMCO Corporate & Income Opportunity Fund (PTY) and Franklin Strategic Income Fund (FRSTX). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| PTY | FRSTX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.51 | ||
| Sortino ratioReturn per unit of downside risk | -2.07 | ||
| Omega ratioGain probability vs. loss probability | 0.94 | 1.21 | -0.27 |
| Calmar ratioReturn relative to maximum drawdown | -0.25 | 1.48 | -1.73 |
| Martin ratioReturn relative to average drawdown | -0.46 | 4.02 | -4.47 |
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Drawdowns
PTY vs. FRSTX - Drawdown Comparison
The maximum PTY drawdown since its inception was -60.86%, which is greater than FRSTX's maximum drawdown of -19.09%. Use the drawdown chart below to compare losses from any high point for PTY and FRSTX.
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Drawdown Indicators
| PTY | FRSTX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -60.86% | -19.09% | -41.77% |
Max Drawdown (1Y)Largest decline over 1 year | -15.44% | -2.95% | -12.49% |
Max Drawdown (3Y)Largest decline over 3 years | -16.04% | -3.40% | -12.64% |
Max Drawdown (5Y)Largest decline over 5 years | -41.38% | -14.83% | -26.55% |
Max Drawdown (10Y)Largest decline over 10 years | -46.55% | -17.63% | -28.92% |
Current DrawdownCurrent decline from peak | -10.60% | -1.66% | -8.94% |
Average DrawdownAverage peak-to-trough decline | -8.62% | -2.05% | -6.57% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 8.54% | 1.08% | +7.46% |
Volatility
PTY vs. FRSTX - Volatility Comparison
PIMCO Corporate & Income Opportunity Fund (PTY) has a higher volatility of 2.67% compared to Franklin Strategic Income Fund (FRSTX) at 1.05%. This indicates that PTY's price experiences larger fluctuations and is considered to be riskier than FRSTX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PTY | FRSTX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.67% | 1.05% | +1.62% |
Volatility (6M)Calculated over the trailing 6-month period | 7.60% | 2.90% | +4.70% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.06% | 3.76% | +7.30% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.25% | 4.15% | +13.10% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.18% | 4.14% | +17.04% |
PTY vs. FRSTX - Expense Ratio Comparison
PTY has a 1.19% expense ratio, which is higher than FRSTX's 0.89% expense ratio.
Dividends
PTY vs. FRSTX - Dividend Comparison
PTY's dividend yield for the trailing twelve months is around 12.00%, more than FRSTX's 3.94% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FRSTX Franklin Strategic Income Fund | 3.94% | 3.36% | 4.74% | 4.56% | 4.36% | 3.62% | 3.93% | 4.47% | 4.32% | 2.25% | 2.48% | 4.81% |
PTY PIMCO Corporate & Income Opportunity Fund | 12.00% | 11.05% | 9.92% | 10.77% | 13.12% | 9.16% | 8.74% | 8.37% | 10.63% | 9.48% | 12.09% | 11.92% |
Frequently Asked Questions
PTY and FRSTX have a correlation of 0.28, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
PTY has higher volatility (2.67%) compared to FRSTX (1.05%). In terms of maximum drawdown, PTY dropped -60.86% vs FRSTX's -19.09%.
FRSTX currently has the higher Sharpe Ratio (1.16 vs -0.35), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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