PTY vs. VEMY
PTY (PIMCO Corporate & Income Opportunity Fund) and VEMY (Virtus Stone Harbor Emerging Markets High Yield Bond ETF) are both funds - PTY is a Corporate Bonds fund managed by PIMCO, while VEMY is a Emerging Markets Bonds fund actively managed by Virtus. Over the past 3 years, PTY returned 5.46%/yr vs 15.11%/yr for VEMY. At a 0.31 correlation, their price movements are largely independent. PTY charges 1.19%/yr vs 0.58%/yr for VEMY.
Performance
PTY vs. VEMY - Performance Comparison
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Returns By Period
In the year-to-date period, PTY achieves a -3.45% return, which is significantly lower than VEMY's 6.35% return.
PTY
- 1D
- 0.60%
- 1M
- 0.76%
- YTD
- -3.45%
- 6M
- -2.62%
- 1Y
- -3.79%
- 3Y*
- 5.46%
- 5Y*
- -0.17%
- 10Y*
- 8.56%
VEMY
- 1D
- 0.00%
- 1M
- 1.75%
- YTD
- 6.35%
- 6M
- 6.44%
- 1Y
- 17.80%
- 3Y*
- 15.11%
- 5Y*
- —
- 10Y*
- —
PTY vs. VEMY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
PTY PIMCO Corporate & Income Opportunity Fund | -3.45% | -0.51% | 19.87% | 22.56% | -8.05% |
VEMY Virtus Stone Harbor Emerging Markets High Yield Bond ETF | 6.35% | 15.27% | 13.48% | 14.45% | -1.43% |
Correlation
The correlation between PTY and VEMY 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 (3Y) Calculated over the trailing 3-year period | 0.32 |
Correlation (All Time) Calculated using the full available price history since Dec 13, 2022 | 0.31 |
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Return for Risk
PTY vs. VEMY — Risk / Return Rank
PTY
VEMY
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.
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 | VEMY | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -3.29 | ||
| Sortino ratioReturn per unit of downside risk | -4.93 | ||
| Omega ratioGain probability vs. loss probability | 0.94 | 1.60 | -0.66 |
| Calmar ratioReturn relative to maximum drawdown | -0.25 | 4.46 | -4.71 |
| Martin ratioReturn relative to average drawdown | -0.47 | 21.16 | -21.63 |
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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.
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Drawdown Indicators
| PTY | VEMY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -60.86% | -8.77% | -52.09% |
Max Drawdown (1Y)Largest decline over 1 year | -15.44% | -4.00% | -11.44% |
Max Drawdown (3Y)Largest decline over 3 years | -16.04% | -6.57% | -9.47% |
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 | -12.37% | -0.41% | -11.96% |
Average DrawdownAverage peak-to-trough decline | -8.62% | -1.29% | -7.33% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 8.11% | 0.84% | +7.27% |
Volatility
PTY vs. VEMY - Volatility Comparison
PIMCO Corporate & Income Opportunity Fund (PTY) has a higher volatility of 1.99% compared to Virtus Stone Harbor Emerging Markets High Yield Bond ETF (VEMY) at 1.42%. 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.
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Volatility by Period
| PTY | VEMY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.99% | 1.42% | +0.57% |
Volatility (6M)Calculated over the trailing 6-month period | 7.66% | 4.75% | +2.91% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.92% | 6.09% | +4.83% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.27% | 7.61% | +9.66% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.19% | 7.61% | +13.58% |
PTY vs. VEMY - Expense Ratio Comparison
PTY has a 1.19% expense ratio, which is higher than VEMY's 0.58% expense ratio.
Dividends
PTY vs. VEMY - Dividend Comparison
PTY's dividend yield for the trailing twelve months is around 12.12%, more than VEMY's 8.21% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PTY PIMCO Corporate & Income Opportunity Fund | 12.12% | 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 | 8.21% | 8.89% | 10.28% | 9.55% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
PTY and VEMY 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 (1.99%) compared to VEMY (1.42%). In terms of maximum drawdown, PTY dropped -60.86% vs VEMY's -8.77%.
VEMY currently has the higher Sharpe Ratio (2.94 vs -0.35), 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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