PTY vs. PAAIX
PTY (PIMCO Corporate & Income Opportunity Fund) and PAAIX (PIMCO All Asset Fund) are both mutual funds - PTY is a Corporate Bonds fund managed by PIMCO, while PAAIX is a Tactical Allocation fund managed by PIMCO. Over the past 10 years, PTY returned 8.05%/yr vs 6.67%/yr for PAAIX. Their 0.32 correlation means their historical movements had little consistent relationship. PTY charges 1.19%/yr vs 1.40%/yr for PAAIX.
Performance
PTY vs. PAAIX - Performance Comparison
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Returns By Period
In the year-to-date period, PTY achieves a -2.91% return, which is significantly lower than PAAIX's 9.59% return. Over the past 10 years, PTY has outperformed PAAIX with an annualized return of 8.05%, while PAAIX has yielded a comparatively lower 6.67% annualized return.
PTY
- 1D
- -0.26%
- 1M
- -2.10%
- 6M
- -4.67%
- YTD
- -2.91%
- 1Y
- -6.48%
- 3Y*
- 3.48%
- 5Y*
- -0.85%
- 10Y*
- 8.05%
- ALL TIME*
- 10.76%
PAAIX
- 1D
- 0.00%
- 1M
- 0.58%
- 6M
- 6.06%
- YTD
- 9.59%
- 1Y
- 17.71%
- 3Y*
- 9.30%
- 5Y*
- 4.78%
- 10Y*
- 6.67%
- ALL TIME*
- 6.75%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
PAAIX PIMCO All Asset Fund | $0.00 | $0.00 | $0.00 |
| $11.02M | $11.88M | $12.18M |
PTY vs. PAAIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
PTY PIMCO Corporate & Income Opportunity Fund | -2.91% | -0.51% | 19.87% | 22.56% | -18.71% | 0.40% | 3.24% | 35.36% | 2.49% | 26.63% |
PAAIX PIMCO All Asset Fund | 9.59% | 13.20% | 4.12% | 8.19% | -11.52% | 15.61% | 8.38% | 12.21% | -4.97% | 13.99% |
Correlation
The correlation between PTY and PAAIX is 0.36, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.36 |
Correlation (3Y) Balances recent behavior with more history. | 0.32 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.40 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.35 |
Correlation (All Time) Calculated using the full available price history since Dec 26, 2002 | 0.32 |
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Return for Risk
PTY vs. PAAIX — Risk / Return Rank
PTY
PAAIX
PTY vs. PAAIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for PIMCO Corporate & Income Opportunity Fund (PTY) and PIMCO All Asset Fund (PAAIX). 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 | PAAIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -3.48 | ||
| Sortino ratioReturn per unit of downside risk | -4.91 | ||
| Omega ratioGain probability vs. loss probability | 0.90 | 1.55 | -0.65 |
| Calmar ratioReturn relative to maximum drawdown | -0.40 | 3.58 | -3.99 |
| Martin ratioReturn relative to average drawdown | -0.70 | 14.30 | -15.00 |
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Drawdowns
PTY vs. PAAIX - Drawdown Comparison
The maximum PTY drawdown since its inception was -60.86%, which is greater than PAAIX's maximum drawdown of -27.59%. Use the drawdown chart below to compare losses from any high point for PTY and PAAIX.
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Drawdown Indicators
| PTY | PAAIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -60.86% | -27.59% | -33.27% |
Max Drawdown (1Y)Largest decline over 1 year | -15.44% | -4.87% | -10.57% |
Max Drawdown (3Y)Largest decline over 3 years | -15.53% | -7.52% | -8.01% |
Max Drawdown (5Y)Largest decline over 5 years | -41.38% | -19.83% | -21.55% |
Max Drawdown (10Y)Largest decline over 10 years | -46.55% | -22.64% | -23.91% |
Current DrawdownCurrent decline from peak | -11.88% | -0.25% | -11.63% |
Average DrawdownAverage peak-to-trough decline | -8.63% | -3.75% | -4.88% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 8.89% | 1.22% | +7.67% |
Volatility
PTY vs. PAAIX - Volatility Comparison
PIMCO Corporate & Income Opportunity Fund (PTY) has a higher volatility of 2.54% compared to PIMCO All Asset Fund (PAAIX) at 1.11%. This indicates that PTY's price experiences larger fluctuations and is considered to be riskier than PAAIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PTY | PAAIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.54% | 1.11% | +1.43% |
Volatility (6M)Calculated over the trailing 6-month period | 7.87% | 4.74% | +3.13% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.25% | 5.98% | +5.27% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.24% | 7.76% | +9.48% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.18% | 7.74% | +13.44% |
PTY vs. PAAIX - Expense Ratio Comparison
PTY has a 1.19% expense ratio, which is lower than PAAIX's 1.40% expense ratio.
Dividends
PTY vs. PAAIX - Dividend Comparison
PTY's dividend yield for the trailing twelve months is around 12.17%, more than PAAIX's 8.03% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PAAIX PIMCO All Asset Fund | 8.03% | 7.12% | 5.92% | 3.20% | 7.68% | 11.90% | 3.56% | 3.33% | 5.50% | 4.48% | 3.60% | 3.93% |
PTY PIMCO Corporate & Income Opportunity Fund | 12.17% | 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 PAAIX have a correlation of 0.36, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
PTY has higher volatility (2.54%) compared to PAAIX (1.11%). In terms of maximum drawdown, PTY dropped -60.86% vs PAAIX's -27.59%.
PAAIX currently has the higher Sharpe Ratio (2.93 vs -0.55), 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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