PTY vs. SPBO
Compare and contrast key facts about PIMCO Corporate & Income Opportunity Fund (PTY) and SPDR Portfolio Corporate Bond ETF (SPBO).
PTY is managed by FPA. It was launched on Dec 24, 2002. SPBO is a passively managed fund by State Street that tracks the performance of the Bloomberg Barclays U.S. Corporate Bond Index. It was launched on Apr 6, 2011.
Performance
PTY vs. SPBO - Performance Comparison
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PTY vs. SPBO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
PTY PIMCO Corporate & Income Opportunity Fund | -2.76% | -0.51% | 19.87% | 22.56% | -18.71% | 0.40% | 3.24% | 35.36% | 2.49% | 26.63% |
SPBO SPDR Portfolio Corporate Bond ETF | -0.15% | 7.83% | 2.59% | 8.80% | -15.68% | -1.57% | 10.17% | 14.70% | -1.79% | 5.47% |
Returns By Period
In the year-to-date period, PTY achieves a -2.76% return, which is significantly lower than SPBO's -0.15% return. Over the past 10 years, PTY has outperformed SPBO with an annualized return of 9.22%, while SPBO has yielded a comparatively lower 2.91% annualized return.
PTY
- 1D
- 1.16%
- 1M
- -3.91%
- YTD
- -2.76%
- 6M
- -10.27%
- 1Y
- -6.45%
- 3Y*
- 10.05%
- 5Y*
- 2.07%
- 10Y*
- 9.22%
SPBO
- 1D
- 0.08%
- 1M
- -1.35%
- YTD
- -0.15%
- 6M
- 0.22%
- 1Y
- 5.03%
- 3Y*
- 4.98%
- 5Y*
- 0.78%
- 10Y*
- 2.91%
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PTY vs. SPBO - Expense Ratio Comparison
PTY has a 1.19% expense ratio, which is higher than SPBO's 0.03% expense ratio.
Return for Risk
PTY vs. SPBO — Risk / Return Rank
PTY
SPBO
PTY vs. SPBO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for PIMCO Corporate & Income Opportunity Fund (PTY) and SPDR Portfolio Corporate Bond ETF (SPBO). 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 | SPBO | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | -0.40 | 0.93 | -1.32 |
Sortino ratioReturn per unit of downside risk | -0.38 | 1.28 | -1.66 |
Omega ratioGain probability vs. loss probability | 0.92 | 1.18 | -0.26 |
Calmar ratioReturn relative to maximum drawdown | -0.40 | 1.79 | -2.19 |
Martin ratioReturn relative to average drawdown | -0.95 | 5.47 | -6.42 |
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 | SPBO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.40 | 0.93 | -1.32 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.12 | 0.11 | +0.01 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.44 | 0.39 | +0.05 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.47 | 0.47 | 0.00 |
Correlation
The correlation between PTY and SPBO is 0.11, 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. SPBO - Dividend Comparison
PTY's dividend yield for the trailing twelve months is around 11.69%, more than SPBO's 5.13% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PTY PIMCO Corporate & Income Opportunity Fund | 11.69% | 11.05% | 9.92% | 10.77% | 13.12% | 9.16% | 8.74% | 8.37% | 10.63% | 9.48% | 12.09% | 11.92% |
SPBO SPDR Portfolio Corporate Bond ETF | 5.13% | 5.09% | 5.28% | 4.73% | 3.54% | 2.42% | 2.75% | 3.46% | 3.60% | 3.15% | 3.35% | 3.07% |
Drawdowns
PTY vs. SPBO - Drawdown Comparison
The maximum PTY drawdown since its inception was -60.86%, which is greater than SPBO's maximum drawdown of -22.23%. Use the drawdown chart below to compare losses from any high point for PTY and SPBO.
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Drawdown Indicators
| PTY | SPBO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -60.86% | -22.23% | -38.63% |
Max Drawdown (1Y)Largest decline over 1 year | -15.44% | -2.96% | -12.48% |
Max Drawdown (5Y)Largest decline over 5 years | -41.38% | -22.23% | -19.15% |
Max Drawdown (10Y)Largest decline over 10 years | -46.55% | -22.23% | -24.32% |
Current DrawdownCurrent decline from peak | -11.75% | -1.74% | -10.01% |
Average DrawdownAverage peak-to-trough decline | -8.59% | -4.07% | -4.52% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.51% | 0.97% | +5.54% |
Volatility
PTY vs. SPBO - Volatility Comparison
PIMCO Corporate & Income Opportunity Fund (PTY) has a higher volatility of 5.69% compared to SPDR Portfolio Corporate Bond ETF (SPBO) at 2.23%. This indicates that PTY's price experiences larger fluctuations and is considered to be riskier than SPBO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PTY | SPBO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.69% | 2.23% | +3.46% |
Volatility (6M)Calculated over the trailing 6-month period | 9.94% | 3.07% | +6.87% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.39% | 5.44% | +10.95% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.73% | 7.18% | +10.55% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.21% | 7.49% | +13.72% |