PYLD vs. PDI
PYLD (PIMCO Multisector Bond Active Exchange-Traded Fund) is Multisector Bonds fund actively managed by PIMCO, while PDI (PIMCO Dynamic Income Fund) is a stock. Over the past year, PYLD returned 7.32% vs 1.36% for PDI. At a 0.27 correlation, their price movements are largely independent.
Performance
PYLD vs. PDI - Performance Comparison
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Returns By Period
In the year-to-date period, PYLD achieves a 1.48% return, which is significantly higher than PDI's -0.56% return.
PYLD
- 1D
- 0.23%
- 1M
- 1.37%
- YTD
- 1.48%
- 6M
- 1.77%
- 1Y
- 7.32%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
PDI
- 1D
- -0.12%
- 1M
- -0.89%
- YTD
- -0.56%
- 6M
- -0.56%
- 1Y
- 1.36%
- 3Y*
- 10.94%
- 5Y*
- 2.62%
- 10Y*
- 7.51%
PYLD vs. PDI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
PYLD PIMCO Multisector Bond Active Exchange-Traded Fund | 1.48% | 9.57% | 7.69% | 5.46% |
PDI PIMCO Dynamic Income Fund | -0.56% | 11.03% | 17.18% | 4.68% |
Correlation
The correlation between PYLD and PDI is 0.34, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.34 |
Correlation (All Time) Calculated using the full available price history since Jun 22, 2023 | 0.27 |
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Return for Risk
PYLD vs. PDI — Risk / Return Rank
PYLD
PDI
PYLD vs. PDI - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for PIMCO Multisector Bond Active Exchange-Traded Fund (PYLD) and PIMCO Dynamic Income Fund (PDI). 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.
| PYLD | PDI | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.28 | ||
| Sortino ratioReturn per unit of downside risk | +3.29 | ||
| Omega ratioGain probability vs. loss probability | 1.48 | 1.04 | +0.44 |
| Calmar ratioReturn relative to maximum drawdown | 2.26 | 0.12 | +2.14 |
| Martin ratioReturn relative to average drawdown | 10.26 | 0.26 | +10.00 |
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Drawdowns
PYLD vs. PDI - Drawdown Comparison
The maximum PYLD drawdown since its inception was -4.52%, smaller than the maximum PDI drawdown of -46.47%. Use the drawdown chart below to compare losses from any high point for PYLD and PDI.
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Drawdown Indicators
| PYLD | PDI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -4.52% | -46.47% | +41.95% |
Max Drawdown (1Y)Largest decline over 1 year | -3.25% | -10.95% | +7.70% |
Max Drawdown (3Y)Largest decline over 3 years | — | -17.55% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -27.19% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -46.47% | — |
Current DrawdownCurrent decline from peak | -0.23% | -8.34% | +8.11% |
Average DrawdownAverage peak-to-trough decline | -0.65% | -6.22% | +5.57% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.71% | 5.18% | -4.47% |
Volatility
PYLD vs. PDI - Volatility Comparison
The current volatility for PIMCO Multisector Bond Active Exchange-Traded Fund (PYLD) is 1.13%, while PIMCO Dynamic Income Fund (PDI) has a volatility of 3.19%. This indicates that PYLD experiences smaller price fluctuations and is considered to be less risky than PDI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PYLD | PDI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.13% | 3.19% | -2.06% |
Volatility (6M)Calculated over the trailing 6-month period | 2.60% | 8.47% | -5.87% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.06% | 11.43% | -8.37% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 3.99% | 15.55% | -11.56% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.99% | 19.04% | -15.05% |
Dividends
PYLD vs. PDI - Dividend Comparison
PYLD's dividend yield for the trailing twelve months is around 6.26%, less than PDI's 16.20% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PDI PIMCO Dynamic Income Fund | 16.20% | 14.94% | 14.43% | 14.74% | 17.84% | 10.21% | 10.01% | 9.45% | 10.78% | 8.81% | 14.79% | 18.70% |
PYLD PIMCO Multisector Bond Active Exchange-Traded Fund | 6.26% | 6.21% | 6.40% | 2.72% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
PYLD and PDI have a correlation of 0.34, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
PDI has higher volatility (3.19%) compared to PYLD (1.13%). In terms of maximum drawdown, PYLD dropped -4.52% vs PDI's -46.47%.
PYLD currently has the higher Sharpe Ratio (2.40 vs 0.12), 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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