PHK vs VOO
PHK vs VOO
PIMCO High Income Fund vs Vanguard S&P 500 ETF
Quick Verdict
VOO has a lower expense ratio. VOO delivered stronger 1-year returns. VOO offers more diversification with 505 holdings.
Side-by-Side Comparison
| Metric | PHK | VOO | Winner |
|---|---|---|---|
| Expense Ratio | 2.92% | 0.03% | |
| AUM | $845M | $979.0B | |
| Dividend Yield | 12.72% | 1.09% | |
| Holdings | 468 | 509 | |
| YTD Return | +3.87% | +13.80% | |
| 1Y Return | +7.54% | +23.71% | |
| 3Y Return (annualized) | +9.81% | +21.50% | |
| 5Y Return (annualized) | +3.35% | +13.44% | |
| Volatility (annualized) | 26.4% | 14.1% | |
| Max Drawdown | -80.9% | -34.3% | |
| Fund Family | PIMCO (US) | Vanguard (US) | |
| Category | Fixed Income | Equity | |
| Inception | Apr 30, 2003 | Sep 7, 2010 |
PHK vs VOO Performance
PIMCO High Income Fund (PHK) is a ETF from PIMCO (US) and Vanguard S&P 500 ETF (VOO) is a ETF from Vanguard (US). Over the past year PHK returned +7.54% while VOO returned +23.71%. Year to date, PHK is up 3.87% versus a gain of 13.80% for VOO.
Over three years, PHK compounded at +9.81% per year against +21.50% for VOO; over five years the annualized figures are +3.35% and +13.44% respectively. Across the full 16-year window we track, VOO has the edge at +13.58% annualized vs -2.31%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
PHK has been the more volatile fund, with annualized monthly volatility of 26.4% compared with 14.1% for VOO. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -80.9% for PHK and -34.3% for VOO. Drawdown depth is worth weighing if you expect to sell during market stress rather than ride it out.
The two funds' monthly returns correlate at 0.57. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
PHK charges 2.92% per year while VOO charges 0.03%. On a $10,000 position that is $292 vs $3 annually, a gap of $289 per year that compounds over a long holding period. On income, PHK currently yields 12.72% against 1.09% for VOO.
Holdings Overlap
PHK and VOO share 1 holdings out of 526 unique holdings combined, representing a 0.0% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Top Shared Holdings
| Stock | Weight in PHK | Weight in VOO | Difference |
|---|---|---|---|
| VICI | 0.37% | 0.04% | 0.33% |
Frequently Asked Questions
Which is cheaper, PHK or VOO?
PHK has an expense ratio of 2.92% while VOO charges 0.03%. VOO is the cheaper option. On a $10,000 investment, that is $289 per year of difference.
Which performed better, PHK or VOO?
Over the past year PHK returned +7.54% vs +23.71% for VOO, so VOO leads on 1-year performance. Over the longest common window we track (16 years), PHK annualized -2.31% vs +13.58% for VOO. Past performance does not guarantee future results.
Which is riskier, PHK or VOO?
PHK has been the more volatile fund at 26.4% annualized versus 14.1% for VOO. Worst drawdown: PHK -80.9% vs VOO -34.3%.
Should I hold both PHK and VOO?
PHK and VOO have a monthly-return correlation of 0.57, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between PHK and VOO?
PHK and VOO share 1 common holdings with a 0.0% weight overlap. Combined, they hold 526 unique securities.
Which pays a higher dividend, PHK or VOO?
PHK yields 12.72% while VOO yields 1.09%, so PHK currently pays the higher dividend yield.
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