PTY vs. SCYB
PTY (PIMCO Corporate & Income Opportunity Fund) and SCYB (Schwab High Yield Bond ETF) are both funds - PTY is a Corporate Bonds fund managed by PIMCO, while SCYB is a High Yield Bonds fund tracking the ICE BofA US Cash Pay High Yield Constrained Index. Over the past year, PTY returned -4.53% vs 6.99% for SCYB. At a 0.35 correlation, their price movements are largely independent. PTY charges 1.19%/yr vs 0.03%/yr for SCYB.
Performance
PTY vs. SCYB - Performance Comparison
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Returns By Period
In the year-to-date period, PTY achieves a -3.70% return, which is significantly lower than SCYB's 1.86% return.
PTY
- 1D
- 0.26%
- 1M
- -1.34%
- YTD
- -3.70%
- 6M
- -3.85%
- 1Y
- -4.53%
- 3Y*
- 7.73%
- 5Y*
- -0.75%
- 10Y*
- 8.71%
SCYB
- 1D
- 0.02%
- 1M
- 0.63%
- YTD
- 1.86%
- 6M
- 2.32%
- 1Y
- 6.99%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
PTY vs. SCYB - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
PTY PIMCO Corporate & Income Opportunity Fund | -3.70% | -0.51% | 19.87% | -3.35% |
SCYB Schwab High Yield Bond ETF | 1.86% | 8.33% | 8.15% | 7.29% |
Correlation
The correlation between PTY and SCYB is 0.35, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.35 |
Correlation (All Time) Calculated using the full available price history since Jul 11, 2023 | 0.35 |
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Return for Risk
PTY vs. SCYB — Risk / Return Rank
PTY
SCYB
PTY vs. SCYB - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for PIMCO Corporate & Income Opportunity Fund (PTY) and Schwab High Yield Bond ETF (SCYB). 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 | SCYB | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.27 | ||
| Sortino ratioReturn per unit of downside risk | -3.28 | ||
| Omega ratioGain probability vs. loss probability | 0.92 | 1.36 | -0.44 |
| Calmar ratioReturn relative to maximum drawdown | -0.29 | 2.87 | -3.17 |
| Martin ratioReturn relative to average drawdown | -0.57 | 12.80 | -13.37 |
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Drawdowns
PTY vs. SCYB - Drawdown Comparison
The maximum PTY drawdown since its inception was -60.86%, which is greater than SCYB's maximum drawdown of -4.92%. Use the drawdown chart below to compare losses from any high point for PTY and SCYB.
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Drawdown Indicators
| PTY | SCYB | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -60.86% | -4.92% | -55.94% |
Max Drawdown (1Y)Largest decline over 1 year | -15.44% | -2.44% | -13.00% |
Max Drawdown (3Y)Largest decline over 3 years | -16.04% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -41.38% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -46.55% | — | — |
Current DrawdownCurrent decline from peak | -12.60% | -0.02% | -12.58% |
Average DrawdownAverage peak-to-trough decline | -8.61% | -0.51% | -8.10% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.89% | 0.55% | +7.34% |
Volatility
PTY vs. SCYB - Volatility Comparison
PIMCO Corporate & Income Opportunity Fund (PTY) has a higher volatility of 2.64% compared to Schwab High Yield Bond ETF (SCYB) at 1.12%. This indicates that PTY's price experiences larger fluctuations and is considered to be riskier than SCYB based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PTY | SCYB | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.64% | 1.12% | +1.52% |
Volatility (6M)Calculated over the trailing 6-month period | 7.49% | 2.99% | +4.50% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.80% | 3.79% | +7.01% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.39% | 5.13% | +12.26% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.19% | 5.13% | +16.06% |
PTY vs. SCYB - Expense Ratio Comparison
PTY has a 1.19% expense ratio, which is higher than SCYB's 0.03% expense ratio.
Dividends
PTY vs. SCYB - Dividend Comparison
PTY's dividend yield for the trailing twelve months is around 12.15%, more than SCYB's 6.92% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PTY PIMCO Corporate & Income Opportunity Fund | 12.15% | 11.05% | 9.92% | 10.77% | 13.12% | 9.16% | 8.74% | 8.37% | 10.63% | 9.48% | 12.09% | 11.92% |
SCYB Schwab High Yield Bond ETF | 6.92% | 6.99% | 7.06% | 3.36% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
PTY and SCYB have a correlation of 0.35, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
PTY has higher volatility (2.64%) compared to SCYB (1.12%). In terms of maximum drawdown, PTY dropped -60.86% vs SCYB's -4.92%.
SCYB currently has the higher Sharpe Ratio (1.85 vs -0.42), 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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