SHYL vs. PTY

Last updated Jun 9, 2026

SHYL (Xtrackers Short Duration High Yield Bond ETF) and PTY (PIMCO Corporate & Income Opportunity Fund) are both funds - SHYL is a High Yield Bonds fund tracking the Solactive USD High Yield Corporates Total Market 0-5 Year Index, while PTY is a Corporate Bonds fund managed by FPA. Over the past 5 years, SHYL returned 4.82%/yr vs -0.64%/yr for PTY. At a 0.39 correlation, their price movements are largely independent. SHYL charges 0.20%/yr vs 1.19%/yr for PTY.

Performance

SHYL vs. PTY - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Xtrackers Short Duration High Yield Bond ETF (SHYL) and PIMCO Corporate & Income Opportunity Fund (PTY). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, SHYL achieves a 1.03% return, which is significantly higher than PTY's -3.69% return.

SHYL

• 1D: -0.02%
• 1M: -0.22%
• YTD: 1.03%
• 6M: 1.62%
• 1Y: 5.92%
• 3Y*: 8.15%
• 5Y*: 4.82%
• 10Y*: —

PTY

• 1D: 0.00%
• 1M: -2.72%
• YTD: -3.69%
• 6M: -4.44%
• 1Y: -4.39%
• 3Y*: 6.93%
• 5Y*: -0.64%
• 10Y*: 8.37%

*Multi-year figures are annualized to reflect compound growth (CAGR)

SHYL vs. PTY - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018
SHYL Xtrackers Short Duration High Yield Bond ETF	1.03%	7.78%	8.52%	11.39%	-5.21%	4.60%	3.64%	10.16%	-0.67%
PTY PIMCO Corporate & Income Opportunity Fund	-3.69%	-0.51%	19.87%	22.56%	-18.71%	0.40%	3.24%	35.36%	0.36%

Correlation

The correlation between SHYL 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 (3Y) Calculated over the trailing 3-year period	0.32
Correlation (5Y) Calculated over the trailing 5-year period	0.40
Correlation (All Time) Calculated using the full available price history since Jan 10, 2018	0.39

Return for Risk

SHYL vs. PTY — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

SHYL

SHYL Risk / Return Rank: 72
SHYL Sharpe Ratio Rank: 62
SHYL Sortino Ratio Rank: 69
SHYL Omega Ratio Rank: 70
SHYL Calmar Ratio Rank: 80
SHYL Martin Ratio Rank: 81

PTY

PTY Risk / Return Rank: 2
PTY Sharpe Ratio Rank: 1
PTY Sortino Ratio Rank: 1
PTY Omega Ratio Rank: 1
PTY Calmar Ratio Rank: 2
PTY Martin Ratio Rank: 2

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

SHYL vs. PTY - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Xtrackers Short Duration High Yield Bond ETF (SHYL) 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.

	SHYL	PTY	Difference
Sharpe ratio: Return per unit of total volatility	1.86	-0.41	+2.27
Sortino ratio: Return per unit of downside risk	2.82	-0.48	+3.30
Omega ratio: Gain probability vs. loss probability	1.37	0.93	+0.45
Calmar ratio: Return relative to maximum drawdown	3.73	-0.29	+4.02
Martin ratio: Return relative to average drawdown	14.67	-0.57	+15.24
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

SHYL vs. PTY - Sharpe Ratio Comparison

The current SHYL Sharpe Ratio is 1.86, which is higher than the PTY Sharpe Ratio of -0.41. The chart below compares the historical Sharpe Ratios of SHYL and PTY, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	SHYL	PTY	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.86	-0.41	+2.27
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.83	-0.04	+0.87
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.40	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.72	0.46	+0.25

Drawdowns

SHYL vs. PTY - Drawdown Comparison

The maximum SHYL drawdown since its inception was -19.26%, smaller than the maximum PTY drawdown of -60.86%. Use the drawdown chart below to compare losses from any high point for SHYL and PTY.

Drawdown Indicators

	SHYL	PTY	Difference
Max Drawdown Largest peak-to-trough decline	-19.26%	-60.86%	+41.60%
Max Drawdown (1Y) Largest decline over 1 year	-1.59%	-15.44%	+13.85%
Max Drawdown (3Y) Largest decline over 3 years	-4.73%	-16.04%	+11.31%
Max Drawdown (5Y) Largest decline over 5 years	-9.60%	-41.38%	+31.78%
Max Drawdown (10Y) Largest decline over 10 years	—	-46.55%	—
Current Drawdown Current decline from peak	-0.35%	-12.59%	+12.24%
Average Drawdown Average peak-to-trough decline	-1.54%	-8.61%	+7.07%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.40%	7.72%	-7.32%

Volatility

SHYL vs. PTY - Volatility Comparison

The current volatility for Xtrackers Short Duration High Yield Bond ETF (SHYL) is 0.82%, while PIMCO Corporate & Income Opportunity Fund (PTY) has a volatility of 2.70%. This indicates that SHYL 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.

Volatility by Period

	SHYL	PTY	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.82%	2.70%	-1.88%
Volatility (6M) Calculated over the trailing 6-month period	2.46%	7.49%	-5.03%
Volatility (1Y) Calculated over the trailing 1-year period	3.21%	10.82%	-7.61%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	5.84%	17.40%	-11.56%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	6.69%	21.20%	-14.51%

SHYL vs. PTY - Expense Ratio Comparison

SHYL has a 0.20% expense ratio, which is lower than PTY's 1.19% expense ratio.

Dividends

SHYL vs. PTY - Dividend Comparison

SHYL's dividend yield for the trailing twelve months is around 6.94%, less than PTY's 12.03% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
PTY PIMCO Corporate & Income Opportunity Fund	12.03%	11.05%	9.92%	10.77%	13.12%	9.16%	8.74%	8.37%	10.63%	9.48%	12.09%	11.92%
SHYL Xtrackers Short Duration High Yield Bond ETF	6.94%	7.02%	7.26%	6.60%	5.52%	4.65%	6.16%	5.93%	5.54%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both SHYL and PTY in my portfolio?

SHYL 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.

Which is riskier, SHYL or PTY?

PTY has higher volatility (2.70%) compared to SHYL (0.82%). In terms of maximum drawdown, SHYL dropped -19.26% vs PTY's -60.86%.

Which has better risk-adjusted returns?

SHYL currently has the higher Sharpe Ratio (1.86 vs -0.41), 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.