PVQNX vs. PTY
PVQNX (PIMCO RealPath Blend 2045 Fund) and PTY (PIMCO Corporate & Income Opportunity Fund) are both mutual funds - PVQNX is a Target Retirement Date fund managed by PIMCO, while PTY is a Corporate Bonds fund managed by PIMCO. Over the past 10 years, PVQNX returned 10.59%/yr vs 8.05%/yr for PTY. Their 0.37 correlation means their historical movements had little consistent relationship. PVQNX charges 0.06%/yr vs 1.19%/yr for PTY.
Performance
PVQNX vs. PTY - Performance Comparison
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Returns By Period
In the year-to-date period, PVQNX achieves a 9.61% return, which is significantly higher than PTY's -2.91% return. Over the past 10 years, PVQNX has outperformed PTY with an annualized return of 10.59%, while PTY has yielded a comparatively lower 8.05% annualized return.
PVQNX
- 1D
- 1.61%
- 1M
- -0.41%
- 6M
- 6.71%
- YTD
- 9.61%
- 1Y
- 20.41%
- 3Y*
- 15.33%
- 5Y*
- 8.85%
- 10Y*
- 10.59%
- ALL TIME*
- 9.49%
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%
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 |
PVQNX vs. PTY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
PVQNX PIMCO RealPath Blend 2045 Fund | 9.61% | 19.82% | 13.19% | 19.01% | -17.27% | 17.71% | 13.93% | 24.43% | -7.44% | 19.64% |
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% |
Correlation
The correlation between PVQNX and PTY is 0.37, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.37 |
Correlation (3Y) Balances recent behavior with more history. | 0.31 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.40 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.37 |
Correlation (All Time) Calculated using the full available price history since Jan 2, 2015 | 0.37 |
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Return for Risk
PVQNX vs. PTY — Risk / Return Rank
PVQNX
PTY
PVQNX vs. PTY - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for PIMCO RealPath Blend 2045 Fund (PVQNX) and PIMCO Corporate & Income Opportunity Fund (PTY). 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.
| PVQNX | PTY | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.21 | ||
| Sortino ratioReturn per unit of downside risk | +3.00 | ||
| Omega ratioGain probability vs. loss probability | 1.30 | 0.90 | +0.40 |
| Calmar ratioReturn relative to maximum drawdown | 2.30 | -0.40 | +2.70 |
| Martin ratioReturn relative to average drawdown | 9.64 | -0.70 | +10.34 |
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Drawdowns
PVQNX vs. PTY - Drawdown Comparison
The maximum PVQNX drawdown since its inception was -30.68%, smaller than the maximum PTY drawdown of -60.86%. Use the drawdown chart below to compare losses from any high point for PVQNX and PTY.
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Drawdown Indicators
| PVQNX | PTY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -30.68% | -60.86% | +30.18% |
Max Drawdown (1Y)Largest decline over 1 year | -8.24% | -15.44% | +7.20% |
Max Drawdown (3Y)Largest decline over 3 years | -13.61% | -15.53% | +1.92% |
Max Drawdown (5Y)Largest decline over 5 years | -25.30% | -41.38% | +16.08% |
Max Drawdown (10Y)Largest decline over 10 years | -30.68% | -46.55% | +15.87% |
Current DrawdownCurrent decline from peak | -1.81% | -11.88% | +10.07% |
Average DrawdownAverage peak-to-trough decline | -4.57% | -8.63% | +4.06% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.96% | 8.89% | -6.93% |
Volatility
PVQNX vs. PTY - Volatility Comparison
PIMCO RealPath Blend 2045 Fund (PVQNX) has a higher volatility of 3.32% compared to PIMCO Corporate & Income Opportunity Fund (PTY) at 2.54%. This indicates that PVQNX's price experiences larger fluctuations and is considered to be riskier than PTY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PVQNX | PTY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.32% | 2.54% | +0.78% |
Volatility (6M)Calculated over the trailing 6-month period | 9.50% | 7.87% | +1.63% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.40% | 11.25% | +0.15% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.69% | 17.24% | -3.55% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.25% | 21.18% | -6.93% |
PVQNX vs. PTY - Expense Ratio Comparison
PVQNX has a 0.06% expense ratio, which is lower than PTY's 1.19% expense ratio.
Dividends
PVQNX vs. PTY - Dividend Comparison
PVQNX's dividend yield for the trailing twelve months is around 4.79%, less than PTY's 12.17% 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% |
PVQNX PIMCO RealPath Blend 2045 Fund | 4.79% | 4.23% | 4.22% | 2.37% | 2.62% | 5.08% | 1.41% | 3.82% | 6.65% | 2.10% | 2.43% | 2.18% |
Frequently Asked Questions
PVQNX and PTY have a correlation of 0.37, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
PVQNX has higher volatility (3.32%) compared to PTY (2.54%). In terms of maximum drawdown, PVQNX dropped -30.68% vs PTY's -60.86%.
PVQNX currently has the higher Sharpe Ratio (1.66 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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