PTY vs. HYG
Compare and contrast key facts about PIMCO Corporate & Income Opportunity Fund (PTY) and iShares iBoxx $ High Yield Corporate Bond ETF (HYG).
PTY is managed by FPA. It was launched on Dec 24, 2002. HYG is a passively managed fund by iShares that tracks the performance of the iBoxx $ Liquid High Yield Index. It was launched on Apr 11, 2007.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: PTY or HYG.
Correlation
The correlation between PTY and HYG is 0.36, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Performance
PTY vs. HYG - Performance Comparison
Key characteristics
PTY:
2.05
HYG:
2.43
PTY:
2.38
HYG:
3.57
PTY:
1.58
HYG:
1.46
PTY:
0.90
HYG:
4.34
PTY:
6.70
HYG:
16.82
PTY:
2.39%
HYG:
0.61%
PTY:
7.84%
HYG:
4.19%
PTY:
-61.19%
HYG:
-34.24%
PTY:
-2.40%
HYG:
0.00%
Returns By Period
In the year-to-date period, PTY achieves a 4.27% return, which is significantly higher than HYG's 1.92% return. Over the past 10 years, PTY has outperformed HYG with an annualized return of 9.53%, while HYG has yielded a comparatively lower 3.98% annualized return.
PTY
4.27%
2.48%
9.03%
15.13%
4.25%
9.53%
HYG
1.92%
0.62%
4.00%
10.16%
3.28%
3.98%
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PTY vs. HYG - Expense Ratio Comparison
PTY has a 1.19% expense ratio, which is higher than HYG's 0.49% expense ratio.
Risk-Adjusted Performance
PTY vs. HYG — Risk-Adjusted Performance Rank
PTY
HYG
PTY vs. HYG - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for PIMCO Corporate & Income Opportunity Fund (PTY) and iShares iBoxx $ High Yield Corporate Bond ETF (HYG). 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.
Dividends
PTY vs. HYG - Dividend Comparison
PTY's dividend yield for the trailing twelve months is around 9.69%, more than HYG's 6.36% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PTY PIMCO Corporate & Income Opportunity Fund | 9.69% | 9.93% | 10.77% | 13.12% | 9.16% | 8.74% | 8.89% | 10.63% | 9.48% | 11.81% | 12.67% | 13.90% |
HYG iShares iBoxx $ High Yield Corporate Bond ETF | 6.36% | 6.49% | 5.75% | 5.30% | 4.02% | 4.88% | 4.99% | 5.54% | 5.12% | 5.27% | 5.90% | 5.69% |
Drawdowns
PTY vs. HYG - Drawdown Comparison
The maximum PTY drawdown since its inception was -61.19%, which is greater than HYG's maximum drawdown of -34.24%. Use the drawdown chart below to compare losses from any high point for PTY and HYG. For additional features, visit the drawdowns tool.
Volatility
PTY vs. HYG - Volatility Comparison
The current volatility for PIMCO Corporate & Income Opportunity Fund (PTY) is 0.62%, while iShares iBoxx $ High Yield Corporate Bond ETF (HYG) has a volatility of 0.88%. This indicates that PTY experiences smaller price fluctuations and is considered to be less risky than HYG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.