PTY vs. WDI
PTY (PIMCO Corporate & Income Opportunity Fund) and WDI (Western Asset Diversified Income Fund) are both mutual funds - PTY is a Corporate Bonds fund managed by PIMCO, while WDI is a Multisector Bonds fund managed by Franklin Templeton. Over the past 5 years, PTY returned -0.13%/yr vs 3.54%/yr for WDI. At a 0.37 correlation, their price movements are largely independent. PTY charges 1.19%/yr vs 1.73%/yr for WDI.
Performance
PTY vs. WDI - Performance Comparison
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Returns By Period
In the year-to-date period, PTY achieves a -1.50% return, which is significantly lower than WDI's 4.39% return.
PTY
- 1D
- 0.25%
- 1M
- 0.91%
- 6M
- -3.58%
- YTD
- -1.50%
- 1Y
- -3.88%
- 3Y*
- 5.67%
- 5Y*
- -0.13%
- 10Y*
- 8.40%
WDI
- 1D
- 0.15%
- 1M
- 2.24%
- 6M
- 4.47%
- YTD
- 4.39%
- 1Y
- 3.56%
- 3Y*
- 12.57%
- 5Y*
- 3.54%
- 10Y*
- —
PTY vs. WDI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
PTY PIMCO Corporate & Income Opportunity Fund | -1.50% | -0.51% | 19.87% | 22.56% | -18.71% | -13.58% |
WDI Western Asset Diversified Income Fund | 4.39% | 10.64% | 13.88% | 25.11% | -23.30% | -5.61% |
Correlation
The correlation between PTY and WDI is 0.41, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.41 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.36 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.38 |
Correlation (All Time) Calculated using the full available price history since Jun 25, 2021 | 0.37 |
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Return for Risk
PTY vs. WDI — Risk / Return Rank
PTY
WDI
PTY vs. WDI - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for PIMCO Corporate & Income Opportunity Fund (PTY) and Western Asset Diversified Income Fund (WDI). 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 | WDI | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.73 | ||
| Sortino ratioReturn per unit of downside risk | -1.00 | ||
| Omega ratioGain probability vs. loss probability | 0.94 | 1.07 | -0.13 |
| Calmar ratioReturn relative to maximum drawdown | -0.25 | 0.42 | -0.67 |
| Martin ratioReturn relative to average drawdown | -0.46 | 1.03 | -1.49 |
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Drawdowns
PTY vs. WDI - Drawdown Comparison
The maximum PTY drawdown since its inception was -60.86%, which is greater than WDI's maximum drawdown of -32.45%. Use the drawdown chart below to compare losses from any high point for PTY and WDI.
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Drawdown Indicators
| PTY | WDI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -60.86% | -32.45% | -28.41% |
Max Drawdown (1Y)Largest decline over 1 year | -15.44% | -8.47% | -6.97% |
Max Drawdown (3Y)Largest decline over 3 years | -16.04% | -14.14% | -1.90% |
Max Drawdown (5Y)Largest decline over 5 years | -41.38% | -32.45% | -8.93% |
Max Drawdown (10Y)Largest decline over 10 years | -46.55% | — | — |
Current DrawdownCurrent decline from peak | -10.60% | -0.94% | -9.66% |
Average DrawdownAverage peak-to-trough decline | -8.62% | -10.22% | +1.60% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 8.54% | 3.46% | +5.08% |
Volatility
PTY vs. WDI - Volatility Comparison
PIMCO Corporate & Income Opportunity Fund (PTY) has a higher volatility of 2.67% compared to Western Asset Diversified Income Fund (WDI) at 2.28%. This indicates that PTY's price experiences larger fluctuations and is considered to be riskier than WDI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PTY | WDI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.67% | 2.28% | +0.39% |
Volatility (6M)Calculated over the trailing 6-month period | 7.60% | 7.75% | -0.15% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.06% | 9.55% | +1.51% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.25% | 12.96% | +4.29% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.18% | 12.89% | +8.29% |
PTY vs. WDI - Expense Ratio Comparison
PTY has a 1.19% expense ratio, which is lower than WDI's 1.73% expense ratio.
Dividends
PTY vs. WDI - Dividend Comparison
PTY's dividend yield for the trailing twelve months is around 12.00%, less than WDI's 13.05% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PTY PIMCO Corporate & Income Opportunity Fund | 12.00% | 11.05% | 9.92% | 10.77% | 13.12% | 9.16% | 8.74% | 8.37% | 10.63% | 9.48% | 12.09% | 11.92% |
WDI Western Asset Diversified Income Fund | 13.05% | 13.98% | 12.32% | 11.45% | 11.40% | 3.19% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
PTY and WDI have a correlation of 0.41, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
PTY has higher volatility (2.67%) compared to WDI (2.28%). In terms of maximum drawdown, PTY dropped -60.86% vs WDI's -32.45%.
WDI currently has the higher Sharpe Ratio (0.37 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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