SCYB vs. PTY
SCYB (Schwab High Yield Bond ETF) and PTY (PIMCO Corporate & Income Opportunity Fund) are both funds - SCYB is a High Yield Bonds fund tracking the ICE BofA US Cash Pay High Yield Constrained Index, while PTY is a Corporate Bonds fund managed by PIMCO. Over the past year, SCYB returned 6.36% vs -3.79% for PTY. At a 0.35 correlation, their price movements are largely independent. SCYB charges 0.03%/yr vs 1.19%/yr for PTY.
Performance
SCYB vs. PTY - Performance Comparison
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Returns By Period
In the year-to-date period, SCYB achieves a 1.84% return, which is significantly higher than PTY's -3.45% return.
SCYB
- 1D
- -0.08%
- 1M
- 0.42%
- YTD
- 1.84%
- 6M
- 1.96%
- 1Y
- 6.36%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
PTY
- 1D
- 0.60%
- 1M
- 0.76%
- YTD
- -3.45%
- 6M
- -2.62%
- 1Y
- -3.79%
- 3Y*
- 5.46%
- 5Y*
- -0.17%
- 10Y*
- 8.56%
SCYB vs. PTY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
SCYB Schwab High Yield Bond ETF | 1.84% | 8.33% | 8.15% | 7.29% |
PTY PIMCO Corporate & Income Opportunity Fund | -3.45% | -0.51% | 19.87% | -3.35% |
Correlation
The correlation between SCYB and PTY is 0.35, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.35 |
Correlation (All Time) Calculated using the full available price history since Jul 11, 2023 | 0.35 |
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Return for Risk
SCYB vs. PTY — Risk / Return Rank
SCYB
PTY
SCYB vs. PTY - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Schwab High Yield Bond ETF (SCYB) 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.
| SCYB | PTY | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.04 | ||
| Sortino ratioReturn per unit of downside risk | +2.93 | ||
| Omega ratioGain probability vs. loss probability | 1.33 | 0.94 | +0.39 |
| Calmar ratioReturn relative to maximum drawdown | 2.62 | -0.25 | +2.86 |
| Martin ratioReturn relative to average drawdown | 11.63 | -0.47 | +12.10 |
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Drawdowns
SCYB vs. PTY - Drawdown Comparison
The maximum SCYB drawdown since its inception was -4.92%, smaller than the maximum PTY drawdown of -60.86%. Use the drawdown chart below to compare losses from any high point for SCYB and PTY.
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Drawdown Indicators
| SCYB | PTY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -4.92% | -60.86% | +55.94% |
Max Drawdown (1Y)Largest decline over 1 year | -2.44% | -15.44% | +13.00% |
Max Drawdown (3Y)Largest decline over 3 years | — | -16.04% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -41.38% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -46.55% | — |
Current DrawdownCurrent decline from peak | -0.23% | -12.37% | +12.14% |
Average DrawdownAverage peak-to-trough decline | -0.51% | -8.62% | +8.11% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.55% | 8.11% | -7.56% |
Volatility
SCYB vs. PTY - Volatility Comparison
The current volatility for Schwab High Yield Bond ETF (SCYB) is 1.01%, while PIMCO Corporate & Income Opportunity Fund (PTY) has a volatility of 1.99%. This indicates that SCYB experiences smaller price fluctuations and is considered to be less risky 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
| SCYB | PTY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.01% | 1.99% | -0.98% |
Volatility (6M)Calculated over the trailing 6-month period | 3.01% | 7.66% | -4.65% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.79% | 10.92% | -7.13% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.11% | 17.27% | -12.16% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.11% | 21.19% | -16.08% |
SCYB vs. PTY - Expense Ratio Comparison
SCYB has a 0.03% expense ratio, which is lower than PTY's 1.19% expense ratio.
Dividends
SCYB vs. PTY - Dividend Comparison
SCYB's dividend yield for the trailing twelve months is around 6.92%, less than PTY's 12.12% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PTY PIMCO Corporate & Income Opportunity Fund | 12.12% | 11.05% | 9.92% | 10.77% | 13.12% | 9.16% | 8.74% | 8.37% | 10.63% | 9.48% | 12.09% | 11.92% |
SCYB Schwab High Yield Bond ETF | 6.92% | 6.99% | 7.06% | 3.36% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
SCYB and PTY have a correlation of 0.35, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
PTY has higher volatility (1.99%) compared to SCYB (1.01%). In terms of maximum drawdown, SCYB dropped -4.92% vs PTY's -60.86%.
SCYB currently has the higher Sharpe Ratio (1.69 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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