SPYD vs. PDI
Compare and contrast key facts about SPDR Portfolio S&P 500 High Dividend ETF (SPYD) and PIMCO Dynamic Income Fund (PDI).
SPYD is a passively managed fund by State Street that tracks the performance of the S&P 500 High Dividend Index. It was launched on Oct 21, 2015.
Performance
SPYD vs. PDI - Performance Comparison
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SPYD vs. PDI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SPYD SPDR Portfolio S&P 500 High Dividend ETF | 6.32% | 4.65% | 15.34% | 3.91% | -1.17% | 32.73% | -11.64% | 21.20% | -4.89% | 12.67% |
PDI PIMCO Dynamic Income Fund | 0.17% | 11.03% | 17.18% | 11.99% | -16.99% | 7.81% | -9.96% | 22.23% | 7.35% | 18.59% |
Returns By Period
In the year-to-date period, SPYD achieves a 6.32% return, which is significantly higher than PDI's 0.17% return. Both investments have delivered pretty close results over the past 10 years, with SPYD having a 8.49% annualized return and PDI not far behind at 8.14%.
SPYD
- 1D
- 0.91%
- 1M
- -4.18%
- YTD
- 6.32%
- 6M
- 5.84%
- 1Y
- 7.66%
- 3Y*
- 11.19%
- 5Y*
- 7.79%
- 10Y*
- 8.49%
PDI
- 1D
- 3.13%
- 1M
- -3.71%
- YTD
- 0.17%
- 6M
- -7.15%
- 1Y
- -0.44%
- 3Y*
- 13.14%
- 5Y*
- 3.57%
- 10Y*
- 8.14%
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Return for Risk
SPYD vs. PDI — Risk / Return Rank
SPYD
PDI
SPYD vs. PDI - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR Portfolio S&P 500 High Dividend ETF (SPYD) 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.
| SPYD | PDI | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.49 | -0.02 | +0.51 |
Sortino ratioReturn per unit of downside risk | 0.79 | 0.09 | +0.70 |
Omega ratioGain probability vs. loss probability | 1.10 | 1.02 | +0.09 |
Calmar ratioReturn relative to maximum drawdown | 0.73 | -0.01 | +0.74 |
Martin ratioReturn relative to average drawdown | 2.60 | -0.03 | +2.62 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| SPYD | PDI | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.49 | -0.02 | +0.51 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.48 | 0.23 | +0.25 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.43 | 0.43 | 0.00 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.45 | 0.59 | -0.14 |
Correlation
The correlation between SPYD and PDI is 0.36, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Dividends
SPYD vs. PDI - Dividend Comparison
SPYD's dividend yield for the trailing twelve months is around 4.37%, less than PDI's 15.46% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SPYD SPDR Portfolio S&P 500 High Dividend ETF | 4.37% | 4.52% | 4.31% | 4.66% | 5.01% | 3.68% | 4.95% | 4.42% | 4.75% | 4.63% | 4.34% | 1.13% |
PDI PIMCO Dynamic Income Fund | 15.46% | 14.94% | 14.43% | 14.74% | 17.84% | 10.21% | 10.01% | 9.45% | 10.78% | 8.81% | 14.79% | 18.70% |
Drawdowns
SPYD vs. PDI - Drawdown Comparison
The maximum SPYD drawdown since its inception was -46.42%, roughly equal to the maximum PDI drawdown of -46.47%. Use the drawdown chart below to compare losses from any high point for SPYD and PDI.
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Drawdown Indicators
| SPYD | PDI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -46.42% | -46.47% | +0.05% |
Max Drawdown (1Y)Largest decline over 1 year | -12.35% | -14.34% | +1.99% |
Max Drawdown (5Y)Largest decline over 5 years | -22.25% | -27.23% | +4.98% |
Max Drawdown (10Y)Largest decline over 10 years | -46.42% | -46.47% | +0.05% |
Current DrawdownCurrent decline from peak | -4.34% | -7.66% | +3.32% |
Average DrawdownAverage peak-to-trough decline | -6.24% | -6.22% | -0.02% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.46% | 5.03% | -1.57% |
Volatility
SPYD vs. PDI - Volatility Comparison
The current volatility for SPDR Portfolio S&P 500 High Dividend ETF (SPYD) is 3.08%, while PIMCO Dynamic Income Fund (PDI) has a volatility of 5.71%. This indicates that SPYD 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
| SPYD | PDI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.08% | 5.71% | -2.63% |
Volatility (6M)Calculated over the trailing 6-month period | 8.62% | 9.96% | -1.34% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.71% | 18.36% | -2.65% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.25% | 15.66% | +0.59% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.80% | 19.06% | +0.74% |