PTY vs. SPHY
Compare and contrast key facts about PIMCO Corporate & Income Opportunity Fund (PTY) and SPDR Portfolio High Yield Bond ETF (SPHY).
PTY is managed by FPA. It was launched on Dec 24, 2002. SPHY is a passively managed fund by State Street that tracks the performance of the ICE BofAML US High Yield Index. It was launched on Jun 18, 2012.
Performance
PTY vs. SPHY - Performance Comparison
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PTY vs. SPHY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
PTY PIMCO Corporate & Income Opportunity Fund | -3.88% | -0.51% | 19.87% | 22.56% | -18.71% | 0.40% | 3.24% | 35.36% | 2.49% | 26.63% |
SPHY SPDR Portfolio High Yield Bond ETF | -0.32% | 8.59% | 8.54% | 12.81% | -10.57% | 5.61% | 6.65% | 13.16% | -3.35% | 7.35% |
Returns By Period
In the year-to-date period, PTY achieves a -3.88% return, which is significantly lower than SPHY's -0.32% return. Over the past 10 years, PTY has outperformed SPHY with an annualized return of 9.09%, while SPHY has yielded a comparatively lower 5.29% annualized return.
PTY
- 1D
- 3.17%
- 1M
- -4.79%
- YTD
- -3.88%
- 6M
- -11.85%
- 1Y
- -7.27%
- 3Y*
- 9.63%
- 5Y*
- 1.83%
- 10Y*
- 9.09%
SPHY
- 1D
- 1.00%
- 1M
- -1.02%
- YTD
- -0.32%
- 6M
- 0.94%
- 1Y
- 7.11%
- 3Y*
- 8.40%
- 5Y*
- 4.31%
- 10Y*
- 5.29%
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PTY vs. SPHY - Expense Ratio Comparison
PTY has a 1.19% expense ratio, which is higher than SPHY's 0.10% expense ratio.
Return for Risk
PTY vs. SPHY — Risk / Return Rank
PTY
SPHY
PTY vs. SPHY - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for PIMCO Corporate & Income Opportunity Fund (PTY) and SPDR Portfolio High Yield Bond ETF (SPHY). 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 | SPHY | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | -0.45 | 1.30 | -1.75 |
Sortino ratioReturn per unit of downside risk | -0.45 | 1.92 | -2.37 |
Omega ratioGain probability vs. loss probability | 0.91 | 1.31 | -0.40 |
Calmar ratioReturn relative to maximum drawdown | -0.47 | 1.76 | -2.23 |
Martin ratioReturn relative to average drawdown | -1.11 | 9.23 | -10.34 |
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 | SPHY | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.45 | 1.30 | -1.75 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.10 | 0.61 | -0.50 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.43 | 0.67 | -0.24 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.46 | 0.62 | -0.16 |
Correlation
The correlation between PTY and SPHY is 0.26, 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. SPHY - Dividend Comparison
PTY's dividend yield for the trailing twelve months is around 11.82%, more than SPHY's 7.39% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PTY PIMCO Corporate & Income Opportunity Fund | 11.82% | 11.05% | 9.92% | 10.77% | 13.12% | 9.16% | 8.74% | 8.37% | 10.63% | 9.48% | 12.09% | 11.92% |
SPHY SPDR Portfolio High Yield Bond ETF | 7.39% | 7.38% | 7.80% | 7.30% | 6.47% | 5.13% | 5.63% | 5.73% | 4.09% | 4.41% | 4.27% | 4.29% |
Drawdowns
PTY vs. SPHY - Drawdown Comparison
The maximum PTY drawdown since its inception was -60.86%, which is greater than SPHY's maximum drawdown of -21.97%. Use the drawdown chart below to compare losses from any high point for PTY and SPHY.
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Drawdown Indicators
| PTY | SPHY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -60.86% | -21.97% | -38.89% |
Max Drawdown (1Y)Largest decline over 1 year | -15.44% | -4.07% | -11.37% |
Max Drawdown (5Y)Largest decline over 5 years | -41.38% | -15.29% | -26.09% |
Max Drawdown (10Y)Largest decline over 10 years | -46.55% | -21.97% | -24.58% |
Current DrawdownCurrent decline from peak | -12.76% | -1.31% | -11.45% |
Average DrawdownAverage peak-to-trough decline | -8.59% | -2.32% | -6.27% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.47% | 0.78% | +5.69% |
Volatility
PTY vs. SPHY - Volatility Comparison
PIMCO Corporate & Income Opportunity Fund (PTY) has a higher volatility of 5.91% compared to SPDR Portfolio High Yield Bond ETF (SPHY) at 2.23%. This indicates that PTY's price experiences larger fluctuations and is considered to be riskier than SPHY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PTY | SPHY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.91% | 2.23% | +3.68% |
Volatility (6M)Calculated over the trailing 6-month period | 9.87% | 2.87% | +7.00% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.35% | 5.49% | +10.86% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.72% | 7.15% | +10.57% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.21% | 7.97% | +13.24% |