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 8.05%/yr vs 2.89%/yr for VICBX. Their 0.08 correlation means their historical movements had little consistent relationship. 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 -2.91% return, which is significantly lower than VICBX's -0.45% return. Over the past 10 years, PTY has outperformed VICBX with an annualized return of 8.05%, while VICBX has yielded a comparatively lower 2.89% annualized return.
PTY
- 1D
- -0.26%
- 1M
- -2.10%
- 6M
- -4.67%
- YTD
- -2.91%
- 1Y
- -6.48%
- 3Y*
- 3.48%
- 5Y*
- -0.85%
- 10Y*
- 8.05%
- ALL TIME*
- 10.76%
VICBX
- 1D
- 0.15%
- 1M
- -1.02%
- 6M
- -0.67%
- YTD
- -0.45%
- 1Y
- 2.43%
- 3Y*
- 5.78%
- 5Y*
- 0.75%
- 10Y*
- 2.89%
- ALL TIME*
- 4.39%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $11.02M | $11.88M | $12.18M | |
| $0.00 | $0.00 | $0.00 |
PTY vs. VICBX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
PTY PIMCO Corporate & Income Opportunity Fund | -2.91% | -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 | -0.45% | 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 0.32, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.32 |
Correlation (3Y) Balances recent behavior with more history. | 0.25 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.28 |
Correlation (10Y) Provides a long-term view across more market conditions. | 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 (0.32) than their long-term average of 0.08, 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 | -1.40 | ||
| Sortino ratioReturn per unit of downside risk | -1.91 | ||
| Omega ratioGain probability vs. loss probability | 0.90 | 1.15 | -0.24 |
| Calmar ratioReturn relative to maximum drawdown | -0.40 | 1.11 | -1.52 |
| Martin ratioReturn relative to average drawdown | -0.70 | 3.13 | -3.83 |
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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 | -15.53% | -5.21% | -10.32% |
Max Drawdown (5Y)Largest decline over 5 years | -41.38% | -20.47% | -20.91% |
Max Drawdown (10Y)Largest decline over 10 years | -46.55% | -20.55% | -26.00% |
Current DrawdownCurrent decline from peak | -11.88% | -1.97% | -9.91% |
Average DrawdownAverage peak-to-trough decline | -8.63% | -3.12% | -5.51% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 8.89% | 1.04% | +7.85% |
Volatility
PTY vs. VICBX - Volatility Comparison
PIMCO Corporate & Income Opportunity Fund (PTY) has a higher volatility of 2.54% compared to Vanguard Intermediate-Term Corporate Bond Index Fund Institutional Shares (VICBX) at 1.03%. 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 | 2.54% | 1.03% | +1.51% |
Volatility (6M)Calculated over the trailing 6-month period | 7.87% | 3.09% | +4.78% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.25% | 3.89% | +7.36% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.24% | 6.17% | +11.07% |
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 12.17%, more than VICBX's 4.44% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PTY PIMCO Corporate & Income Opportunity Fund | 12.17% | 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 | 4.44% | 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 0.32, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
PTY has higher volatility (2.54%) compared to VICBX (1.03%). In terms of maximum drawdown, PTY dropped -60.86% vs VICBX's -20.55%.
VICBX currently has the higher Sharpe Ratio (0.84 vs -0.55), 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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