PTY vs. SHLD
PTY (PIMCO Corporate & Income Opportunity Fund) and SHLD (Global X Defense Tech ETF) are both funds - PTY is a Corporate Bonds fund managed by PIMCO, while SHLD is a Aerospace & Defense fund tracking the Global X Defense Tech Index. Over the past year, PTY returned -4.11% vs 8.26% for SHLD. At a 0.22 correlation, their price movements are largely independent. PTY charges 1.19%/yr vs 0.50%/yr for SHLD.
Performance
PTY vs. SHLD - 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 SHLD's -1.50% return.
PTY
- 1D
- 0.26%
- 1M
- -0.51%
- YTD
- -3.70%
- 6M
- -3.85%
- 1Y
- -4.11%
- 3Y*
- 7.73%
- 5Y*
- -0.75%
- 10Y*
- 8.71%
SHLD
- 1D
- -2.04%
- 1M
- 2.37%
- YTD
- -1.50%
- 6M
- -1.03%
- 1Y
- 8.26%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
PTY vs. SHLD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
PTY PIMCO Corporate & Income Opportunity Fund | -3.70% | -0.51% | 19.87% | -1.21% |
SHLD Global X Defense Tech ETF | -1.50% | 74.16% | 35.03% | 12.89% |
Correlation
The correlation between PTY and SHLD is 0.26, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.26 |
Correlation (All Time) Calculated using the full available price history since Sep 13, 2023 | 0.22 |
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Return for Risk
PTY vs. SHLD — Risk / Return Rank
PTY
SHLD
PTY vs. SHLD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for PIMCO Corporate & Income Opportunity Fund (PTY) and Global X Defense Tech ETF (SHLD). 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 | SHLD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.85 | ||
| Sortino ratioReturn per unit of downside risk | -1.28 | ||
| Omega ratioGain probability vs. loss probability | 0.92 | 1.09 | -0.17 |
| Calmar ratioReturn relative to maximum drawdown | -0.29 | 0.52 | -0.81 |
| Martin ratioReturn relative to average drawdown | -0.57 | 1.28 | -1.86 |
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Drawdowns
PTY vs. SHLD - Drawdown Comparison
The maximum PTY drawdown since its inception was -60.86%, which is greater than SHLD's maximum drawdown of -20.10%. Use the drawdown chart below to compare losses from any high point for PTY and SHLD.
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Drawdown Indicators
| PTY | SHLD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -60.86% | -20.10% | -40.76% |
Max Drawdown (1Y)Largest decline over 1 year | -15.44% | -20.10% | +4.66% |
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% | -18.20% | +5.60% |
Average DrawdownAverage peak-to-trough decline | -8.61% | -3.34% | -5.27% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.89% | 8.12% | -0.23% |
Volatility
PTY vs. SHLD - Volatility Comparison
The current volatility for PIMCO Corporate & Income Opportunity Fund (PTY) is 2.64%, while Global X Defense Tech ETF (SHLD) has a volatility of 9.05%. This indicates that PTY experiences smaller price fluctuations and is considered to be less risky than SHLD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PTY | SHLD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.64% | 9.05% | -6.41% |
Volatility (6M)Calculated over the trailing 6-month period | 7.49% | 19.94% | -12.45% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.80% | 24.55% | -13.75% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.39% | 21.29% | -3.90% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.19% | 21.29% | -0.10% |
PTY vs. SHLD - Expense Ratio Comparison
PTY has a 1.19% expense ratio, which is higher than SHLD's 0.50% expense ratio.
Dividends
PTY vs. SHLD - Dividend Comparison
PTY's dividend yield for the trailing twelve months is around 12.15%, more than SHLD's 0.56% 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% |
SHLD Global X Defense Tech ETF | 0.56% | 0.55% | 0.53% | 0.26% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
PTY and SHLD have a correlation of 0.26, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SHLD has higher volatility (9.05%) compared to PTY (2.64%). In terms of maximum drawdown, PTY dropped -60.86% vs SHLD's -20.10%.
SHLD currently has the higher Sharpe Ratio (0.43 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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