PTY vs. IEF
PTY (PIMCO Corporate & Income Opportunity Fund) and IEF (iShares 7-10 Year Treasury Bond ETF) are both funds - PTY is a Corporate Bonds fund managed by FPA, while IEF is a Government Bonds fund tracking the ICE U.S. Treasury 7-10 Year Bond Index. Over the past 10 years, PTY returned 8.37%/yr vs 0.53%/yr for IEF. At a correlation of -0.00, they often move in opposite directions. PTY charges 1.19%/yr vs 0.15%/yr for IEF.
Performance
PTY vs. IEF - Performance Comparison
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Returns By Period
In the year-to-date period, PTY achieves a -3.69% return, which is significantly lower than IEF's -1.16% return. Over the past 10 years, PTY has outperformed IEF with an annualized return of 8.37%, while IEF has yielded a comparatively lower 0.53% annualized return.
PTY
- 1D
- 0.00%
- 1M
- -2.72%
- YTD
- -3.69%
- 6M
- -4.44%
- 1Y
- -4.39%
- 3Y*
- 6.93%
- 5Y*
- -0.64%
- 10Y*
- 8.37%
IEF
- 1D
- -0.11%
- 1M
- -1.19%
- YTD
- -1.16%
- 6M
- -0.96%
- 1Y
- 3.91%
- 3Y*
- 2.43%
- 5Y*
- -1.34%
- 10Y*
- 0.53%
PTY vs. IEF - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
PTY PIMCO Corporate & Income Opportunity Fund | -3.69% | -0.51% | 19.87% | 22.56% | -18.71% | 0.40% | 3.24% | 35.36% | 2.49% | 26.63% |
IEF iShares 7-10 Year Treasury Bond ETF | -1.16% | 8.03% | -0.63% | 3.64% | -15.15% | -3.33% | 10.01% | 8.03% | 0.99% | 2.55% |
Correlation
The correlation between PTY and IEF is 0.24, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.24 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.22 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.19 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.06 |
Correlation (All Time) Calculated using the full available price history since Dec 26, 2002 | -0.00 |
The correlation between PTY and IEF shifts across timeframes, from -0.00 (all time) to 0.24 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
PTY vs. IEF — Risk / Return Rank
PTY
IEF
PTY vs. IEF - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for PIMCO Corporate & Income Opportunity Fund (PTY) and iShares 7-10 Year Treasury Bond ETF (IEF). 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 | IEF | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.25 | ||
| Sortino ratioReturn per unit of downside risk | -1.75 | ||
| Omega ratioGain probability vs. loss probability | 0.93 | 1.14 | -0.22 |
| Calmar ratioReturn relative to maximum drawdown | -0.29 | 0.96 | -1.25 |
| Martin ratioReturn relative to average drawdown | -0.57 | 2.79 | -3.36 |
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 | IEF | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.41 | 0.84 | -1.25 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.04 | -0.17 | +0.14 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.40 | 0.08 | +0.32 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.46 | 0.50 | -0.04 |
Drawdowns
PTY vs. IEF - Drawdown Comparison
The maximum PTY drawdown since its inception was -60.86%, which is greater than IEF's maximum drawdown of -23.93%. Use the drawdown chart below to compare losses from any high point for PTY and IEF.
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Drawdown Indicators
| PTY | IEF | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -60.86% | -23.93% | -36.93% |
Max Drawdown (1Y)Largest decline over 1 year | -15.44% | -4.07% | -11.37% |
Max Drawdown (3Y)Largest decline over 3 years | -16.04% | -7.74% | -8.30% |
Max Drawdown (5Y)Largest decline over 5 years | -41.38% | -21.40% | -19.98% |
Max Drawdown (10Y)Largest decline over 10 years | -46.55% | -23.93% | -22.62% |
Current DrawdownCurrent decline from peak | -12.59% | -11.80% | -0.79% |
Average DrawdownAverage peak-to-trough decline | -8.61% | -5.35% | -3.26% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.72% | 1.40% | +6.32% |
Volatility
PTY vs. IEF - Volatility Comparison
PIMCO Corporate & Income Opportunity Fund (PTY) has a higher volatility of 2.70% compared to iShares 7-10 Year Treasury Bond ETF (IEF) at 1.51%. This indicates that PTY's price experiences larger fluctuations and is considered to be riskier than IEF based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PTY | IEF | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.70% | 1.51% | +1.19% |
Volatility (6M)Calculated over the trailing 6-month period | 7.49% | 3.36% | +4.13% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.82% | 4.69% | +6.13% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.40% | 7.71% | +9.69% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.20% | 6.63% | +14.57% |
PTY vs. IEF - Expense Ratio Comparison
PTY has a 1.19% expense ratio, which is higher than IEF's 0.15% expense ratio.
Dividends
PTY vs. IEF - Dividend Comparison
PTY's dividend yield for the trailing twelve months is around 12.03%, more than IEF's 3.92% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IEF iShares 7-10 Year Treasury Bond ETF | 3.92% | 3.77% | 3.62% | 2.91% | 1.96% | 0.83% | 1.08% | 2.08% | 2.24% | 1.82% | 1.81% | 1.90% |
PTY PIMCO Corporate & Income Opportunity Fund | 12.03% | 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 IEF have a correlation of 0.24, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
PTY has higher volatility (2.70%) compared to IEF (1.51%). In terms of maximum drawdown, PTY dropped -60.86% vs IEF's -23.93%.
IEF currently has the higher Sharpe Ratio (0.84 vs -0.41), 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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