PTY vs. VEMY

Last updated Apr 1, 2026

Compare and contrast key facts about PIMCO Corporate & Income Opportunity Fund (PTY) and Virtus Stone Harbor Emerging Markets High Yield Bond ETF (VEMY).

PTY is managed by FPA. It was launched on Dec 24, 2002. VEMY is an actively managed fund by Virtus. It was launched on Dec 12, 2022.

Performance

PTY vs. VEMY - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in PIMCO Corporate & Income Opportunity Fund (PTY) and Virtus Stone Harbor Emerging Markets High Yield Bond ETF (VEMY). The values are adjusted to include any dividend payments, if applicable.

PTY vs. VEMY - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
PTY PIMCO Corporate & Income Opportunity Fund	-3.88%	-0.51%	19.87%	22.56%	-8.95%
VEMY Virtus Stone Harbor Emerging Markets High Yield Bond ETF	0.75%	15.27%	13.48%	14.45%	-1.08%

Returns By Period

In the year-to-date period, PTY achieves a -3.88% return, which is significantly lower than VEMY's 0.75% 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%

VEMY

• 1D: 1.12%
• 1M: -2.55%
• YTD: 0.75%
• 6M: 5.39%
• 1Y: 13.02%
• 3Y*: 14.06%
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

PTY vs. VEMY - Expense Ratio Comparison

PTY has a 1.19% expense ratio, which is higher than VEMY's 0.58% expense ratio.

PTY

PIMCO Corporate & Income Opportunity Fund

VEMY

Virtus Stone Harbor Emerging Markets High Yield Bond ETF

Return for Risk

PTY vs. VEMY — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

PTY

PTY Risk / Return Rank: 2
PTY Sharpe Ratio Rank: 2
PTY Sortino Ratio Rank: 2
PTY Omega Ratio Rank: 1
PTY Calmar Ratio Rank: 2
PTY Martin Ratio Rank: 2

VEMY

VEMY Risk / Return Rank: 86
VEMY Sharpe Ratio Rank: 85
VEMY Sortino Ratio Rank: 86
VEMY Omega Ratio Rank: 88
VEMY Calmar Ratio Rank: 83
VEMY Martin Ratio Rank: 87

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

PTY vs. VEMY - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for PIMCO Corporate & Income Opportunity Fund (PTY) and Virtus Stone Harbor Emerging Markets High Yield Bond ETF (VEMY). 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	VEMY	Difference
Sharpe ratio Return per unit of total volatility	-0.45	1.65	-2.09
Sortino ratio Return per unit of downside risk	-0.45	2.27	-2.72
Omega ratio Gain probability vs. loss probability	0.91	1.36	-0.45
Calmar ratio Return relative to maximum drawdown	-0.47	2.36	-2.83
Martin ratio Return relative to average drawdown	-1.11	10.18	-11.29
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

PTY vs. VEMY - Sharpe Ratio Comparison

The current PTY Sharpe Ratio is -0.45, which is lower than the VEMY Sharpe Ratio of 1.65. The chart below compares the historical Sharpe Ratios of PTY and VEMY, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	PTY	VEMY	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.45	1.65	-2.09
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.10	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.43	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.46	1.69	-1.23

Correlation

The correlation between PTY and VEMY is 0.30, 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. VEMY - Dividend Comparison

PTY's dividend yield for the trailing twelve months is around 11.82%, more than VEMY's 8.96% 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%
VEMY Virtus Stone Harbor Emerging Markets High Yield Bond ETF	8.96%	8.89%	10.28%	9.55%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Drawdowns

PTY vs. VEMY - Drawdown Comparison

The maximum PTY drawdown since its inception was -60.86%, which is greater than VEMY's maximum drawdown of -8.77%. Use the drawdown chart below to compare losses from any high point for PTY and VEMY.

Drawdown Indicators

	PTY	VEMY	Difference
Max Drawdown Largest peak-to-trough decline	-60.86%	-8.77%	-52.09%
Max Drawdown (1Y) Largest decline over 1 year	-15.44%	-5.54%	-9.90%
Max Drawdown (5Y) Largest decline over 5 years	-41.38%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-46.55%	—	—
Current Drawdown Current decline from peak	-12.76%	-2.93%	-9.83%
Average Drawdown Average peak-to-trough decline	-8.59%	-1.34%	-7.25%
Ulcer Index Depth and duration of drawdowns from previous peaks	6.47%	1.29%	+5.18%

Volatility

PTY vs. VEMY - Volatility Comparison

PIMCO Corporate & Income Opportunity Fund (PTY) has a higher volatility of 5.91% compared to Virtus Stone Harbor Emerging Markets High Yield Bond ETF (VEMY) at 3.08%. This indicates that PTY's price experiences larger fluctuations and is considered to be riskier than VEMY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	PTY	VEMY	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.91%	3.08%	+2.83%
Volatility (6M) Calculated over the trailing 6-month period	9.87%	4.65%	+5.22%
Volatility (1Y) Calculated over the trailing 1-year period	16.35%	7.94%	+8.41%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.72%	7.69%	+10.03%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	21.21%	7.69%	+13.52%