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.
Performance
PTY vs. HYG - Performance Comparison
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PTY vs. HYG - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
PTY PIMCO Corporate & Income Opportunity Fund | -3.88% | -0.51% | 19.87% | 22.56% | -18.71% | 0.40% | 3.24% | 35.36% | 2.49% | 26.63% |
HYG iShares iBoxx $ High Yield Corporate Bond ETF | -0.35% | 8.59% | 7.97% | 11.54% | -10.98% | 3.76% | 4.47% | 14.09% | -2.02% | 6.07% |
Returns By Period
In the year-to-date period, PTY achieves a -3.88% return, which is significantly lower than HYG's -0.35% return. Over the past 10 years, PTY has outperformed HYG with an annualized return of 9.09%, while HYG has yielded a comparatively lower 5.13% annualized return.
PTY
- 1D
- 3.17%
- 1M
- -4.79%
- YTD
- -3.88%
- 6M
- -11.85%
- 1Y
- -7.27%
- 3Y*
- 9.63%
- 5Y*
- 1.83%
- 10Y*
- 9.09%
HYG
- 1D
- 0.95%
- 1M
- -0.95%
- YTD
- -0.35%
- 6M
- 0.87%
- 1Y
- 6.89%
- 3Y*
- 7.90%
- 5Y*
- 3.61%
- 10Y*
- 5.13%
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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.
Return for Risk
PTY vs. HYG — Risk / Return Rank
PTY
HYG
PTY vs. HYG - Risk-Adjusted Trends 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.
| PTY | HYG | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | -0.45 | 1.24 | -1.69 |
Sortino ratioReturn per unit of downside risk | -0.45 | 1.87 | -2.32 |
Omega ratioGain probability vs. loss probability | 0.91 | 1.29 | -0.38 |
Calmar ratioReturn relative to maximum drawdown | -0.47 | 1.78 | -2.25 |
Martin ratioReturn relative to average drawdown | -1.11 | 9.42 | -10.53 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| PTY | HYG | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.45 | 1.24 | -1.69 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.10 | 0.48 | -0.38 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.43 | 0.62 | -0.19 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.46 | 0.45 | +0.01 |
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.
Dividends
PTY vs. HYG - Dividend Comparison
PTY's dividend yield for the trailing twelve months is around 11.82%, more than HYG's 5.86% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PTY PIMCO Corporate & Income Opportunity Fund | 11.82% | 11.05% | 9.92% | 10.77% | 13.12% | 9.16% | 8.74% | 8.37% | 10.63% | 9.48% | 12.09% | 11.92% |
HYG iShares iBoxx $ High Yield Corporate Bond ETF | 5.86% | 5.71% | 6.01% | 5.74% | 5.30% | 4.02% | 4.88% | 4.99% | 5.54% | 5.12% | 5.27% | 5.90% |
Drawdowns
PTY vs. HYG - Drawdown Comparison
The maximum PTY drawdown since its inception was -60.86%, which is greater than HYG's maximum drawdown of -34.25%. Use the drawdown chart below to compare losses from any high point for PTY and HYG.
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Drawdown Indicators
| PTY | HYG | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -60.86% | -34.25% | -26.61% |
Max Drawdown (1Y)Largest decline over 1 year | -15.44% | -3.93% | -11.51% |
Max Drawdown (5Y)Largest decline over 5 years | -41.38% | -15.79% | -25.59% |
Max Drawdown (10Y)Largest decline over 10 years | -46.55% | -22.03% | -24.52% |
Current DrawdownCurrent decline from peak | -12.76% | -1.30% | -11.46% |
Average DrawdownAverage peak-to-trough decline | -8.59% | -3.27% | -5.32% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.47% | 0.74% | +5.73% |
Volatility
PTY vs. HYG - Volatility Comparison
PIMCO Corporate & Income Opportunity Fund (PTY) has a higher volatility of 5.91% compared to iShares iBoxx $ High Yield Corporate Bond ETF (HYG) at 2.28%. This indicates that PTY's price experiences larger fluctuations and is considered to be riskier than HYG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PTY | HYG | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.91% | 2.28% | +3.63% |
Volatility (6M)Calculated over the trailing 6-month period | 9.87% | 2.92% | +6.95% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.35% | 5.56% | +10.79% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.72% | 7.51% | +10.21% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.21% | 8.31% | +12.90% |