PTY vs. VICBX
PTY (PIMCO Corporate & Income Opportunity Fund) and VICBX (Vanguard Intermediate-Term Corporate Bond Index Fund Institutional Shares) are both Corporate Bonds funds. Over the past 10 years, PTY returned 8.61%/yr vs 2.99%/yr for VICBX. At a 0.07 correlation, their price movements are largely independent. PTY charges 1.19%/yr vs 0.05%/yr for VICBX.
Performance
PTY vs. VICBX - Performance Comparison
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Returns By Period
In the year-to-date period, PTY achieves a -1.00% return, which is significantly lower than VICBX's 0.02% return. Over the past 10 years, PTY has outperformed VICBX with an annualized return of 8.61%, while VICBX has yielded a comparatively lower 2.99% annualized return.
PTY
- 1D
- -0.26%
- 1M
- 2.80%
- 6M
- -3.18%
- YTD
- -1.00%
- 1Y
- -3.54%
- 3Y*
- 6.02%
- 5Y*
- -0.18%
- 10Y*
- 8.61%
VICBX
- 1D
- -0.18%
- 1M
- -0.29%
- 6M
- -0.05%
- YTD
- 0.02%
- 1Y
- 4.63%
- 3Y*
- 6.39%
- 5Y*
- 1.01%
- 10Y*
- 2.99%
PTY vs. VICBX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
PTY PIMCO Corporate & Income Opportunity Fund | -1.00% | -0.51% | 19.87% | 22.56% | -18.71% | 0.40% | 3.24% | 35.36% | 2.49% | 26.63% |
VICBX Vanguard Intermediate-Term Corporate Bond Index Fund Institutional Shares | 0.02% | 9.37% | 3.67% | 8.87% | -14.06% | -1.50% | 9.57% | 15.96% | -1.72% | 5.50% |
Correlation
The correlation between PTY and VICBX is 0.28, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.28 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.26 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.27 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.16 |
Correlation (All Time) Calculated using the full available price history since Nov 23, 2009 | 0.08 |
Over the past year, PTY and VICBX have become more correlated (0.28) than their long-term average of 0.07, meaning their price movements have been converging.
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Return for Risk
PTY vs. VICBX — Risk / Return Rank
PTY
VICBX
PTY vs. VICBX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for PIMCO Corporate & Income Opportunity Fund (PTY) and Vanguard Intermediate-Term Corporate Bond Index Fund Institutional Shares (VICBX). 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 | VICBX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.42 | ||
| Sortino ratioReturn per unit of downside risk | -1.96 | ||
| Omega ratioGain probability vs. loss probability | 0.95 | 1.19 | -0.25 |
| Calmar ratioReturn relative to maximum drawdown | -0.23 | 1.45 | -1.68 |
| Martin ratioReturn relative to average drawdown | -0.42 | 4.48 | -4.90 |
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Drawdowns
PTY vs. VICBX - Drawdown Comparison
The maximum PTY drawdown since its inception was -60.86%, which is greater than VICBX's maximum drawdown of -20.55%. Use the drawdown chart below to compare losses from any high point for PTY and VICBX.
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Drawdown Indicators
| PTY | VICBX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -60.86% | -20.55% | -40.31% |
Max Drawdown (1Y)Largest decline over 1 year | -15.44% | -2.95% | -12.49% |
Max Drawdown (3Y)Largest decline over 3 years | -16.04% | -5.98% | -10.06% |
Max Drawdown (5Y)Largest decline over 5 years | -41.38% | -20.55% | -20.83% |
Max Drawdown (10Y)Largest decline over 10 years | -46.55% | -20.55% | -26.00% |
Current DrawdownCurrent decline from peak | -10.15% | -1.50% | -8.65% |
Average DrawdownAverage peak-to-trough decline | -8.62% | -3.12% | -5.50% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 8.46% | 0.95% | +7.51% |
Volatility
PTY vs. VICBX - Volatility Comparison
PIMCO Corporate & Income Opportunity Fund (PTY) has a higher volatility of 2.42% compared to Vanguard Intermediate-Term Corporate Bond Index Fund Institutional Shares (VICBX) at 1.26%. This indicates that PTY's price experiences larger fluctuations and is considered to be riskier than VICBX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PTY | VICBX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.42% | 1.26% | +1.16% |
Volatility (6M)Calculated over the trailing 6-month period | 7.51% | 3.06% | +4.45% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.02% | 3.89% | +7.13% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.25% | 6.17% | +11.08% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.18% | 5.34% | +15.84% |
PTY vs. VICBX - Expense Ratio Comparison
PTY has a 1.19% expense ratio, which is higher than VICBX's 0.05% expense ratio.
Dividends
PTY vs. VICBX - Dividend Comparison
PTY's dividend yield for the trailing twelve months is around 11.94%, more than VICBX's 4.84% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PTY PIMCO Corporate & Income Opportunity Fund | 11.94% | 11.05% | 9.92% | 10.77% | 13.12% | 9.16% | 8.74% | 8.37% | 10.63% | 9.48% | 12.09% | 11.92% |
VICBX Vanguard Intermediate-Term Corporate Bond Index Fund Institutional Shares | 4.84% | 4.61% | 4.79% | 3.72% | 3.02% | 2.82% | 2.79% | 5.01% | 3.64% | 3.23% | 3.32% | 3.39% |
Frequently Asked Questions
PTY and VICBX have a correlation of 0.28, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
PTY has higher volatility (2.42%) compared to VICBX (1.26%). In terms of maximum drawdown, PTY dropped -60.86% vs VICBX's -20.55%.
VICBX currently has the higher Sharpe Ratio (1.10 vs -0.32), 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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