XPAY vs. PDI
XPAY (Roundhill S&P 500 Target 20 Managed Distribution ETF) is Derivative Income fund actively managed by Roundhill, while PDI (PIMCO Dynamic Income Fund) is a stock. Over the past year, XPAY returned 21.68% vs 1.24% for PDI. At a 0.43 correlation, their price movements are largely independent.
Performance
XPAY vs. PDI - Performance Comparison
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Returns By Period
In the year-to-date period, XPAY achieves a 8.06% return, which is significantly higher than PDI's 0.22% return.
XPAY
- 1D
- 0.17%
- 1M
- -2.04%
- YTD
- 8.06%
- 6M
- 6.84%
- 1Y
- 21.68%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
PDI
- 1D
- 0.43%
- 1M
- 0.20%
- YTD
- 0.22%
- 6M
- 0.17%
- 1Y
- 1.24%
- 3Y*
- 10.45%
- 5Y*
- 2.88%
- 10Y*
- 7.53%
XPAY vs. PDI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
XPAY Roundhill S&P 500 Target 20 Managed Distribution ETF | 8.06% | 16.78% | 1.60% |
PDI PIMCO Dynamic Income Fund | 0.22% | 11.03% | -3.94% |
Correlation
The correlation between XPAY and PDI is 0.38, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.38 |
Correlation (All Time) Calculated using the full available price history since Oct 31, 2024 | 0.43 |
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Return for Risk
XPAY vs. PDI — Risk / Return Rank
XPAY
PDI
XPAY vs. PDI - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Roundhill S&P 500 Target 20 Managed Distribution ETF (XPAY) 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.
| XPAY | PDI | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.66 | ||
| Sortino ratioReturn per unit of downside risk | +2.19 | ||
| Omega ratioGain probability vs. loss probability | 1.32 | 1.03 | +0.29 |
| Calmar ratioReturn relative to maximum drawdown | 2.33 | 0.11 | +2.22 |
| Martin ratioReturn relative to average drawdown | 10.28 | 0.23 | +10.05 |
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Drawdowns
XPAY vs. PDI - Drawdown Comparison
The maximum XPAY drawdown since its inception was -18.20%, smaller than the maximum PDI drawdown of -46.47%. Use the drawdown chart below to compare losses from any high point for XPAY and PDI.
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Drawdown Indicators
| XPAY | PDI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -18.20% | -46.47% | +28.27% |
Max Drawdown (1Y)Largest decline over 1 year | -9.34% | -10.95% | +1.61% |
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 | -3.17% | -7.61% | +4.44% |
Average DrawdownAverage peak-to-trough decline | -2.38% | -6.22% | +3.84% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.11% | 5.29% | -3.18% |
Volatility
XPAY vs. PDI - Volatility Comparison
Roundhill S&P 500 Target 20 Managed Distribution ETF (XPAY) has a higher volatility of 4.70% compared to PIMCO Dynamic Income Fund (PDI) at 3.08%. This indicates that XPAY's price experiences larger fluctuations and is considered to be riskier 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
| XPAY | PDI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.70% | 3.08% | +1.62% |
Volatility (6M)Calculated over the trailing 6-month period | 9.66% | 8.57% | +1.09% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.32% | 11.49% | +0.83% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.80% | 15.57% | +1.23% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.80% | 19.05% | -2.25% |
Dividends
XPAY vs. PDI - Dividend Comparison
XPAY's dividend yield for the trailing twelve months is around 21.15%, more than PDI's 16.07% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PDI PIMCO Dynamic Income Fund | 16.07% | 14.94% | 14.43% | 14.74% | 17.84% | 10.21% | 10.01% | 9.45% | 10.78% | 8.81% | 14.79% | 18.70% |
XPAY Roundhill S&P 500 Target 20 Managed Distribution ETF | 21.15% | 21.21% | 3.40% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
XPAY and PDI have a correlation of 0.38, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
XPAY has higher volatility (4.70%) compared to PDI (3.08%). In terms of maximum drawdown, XPAY dropped -18.20% vs PDI's -46.47%.
XPAY currently has the higher Sharpe Ratio (1.77 vs 0.11), 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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