PTY vs VYM
PIMCO Corporate & Income Opportunity Fund vs Vanguard High Dividend Yield ETF
Quick Verdict
VYM has a lower expense ratio. VYM delivered stronger 1-year returns. VYM offers more diversification with 558 holdings.
Side-by-Side Comparison
| Metric | PTY | VYM | Winner |
|---|---|---|---|
| Expense Ratio | 3.70% | 0.04% | |
| AUM | $2.5B | $79.0B | |
| Dividend Yield | 12.40% | 2.86% | |
| Holdings | 809 | 568 | |
| YTD Return | -1.75% | +15.80% | |
| 1Y Return | -5.23% | +26.12% | |
| 3Y Return (annualized) | +3.18% | +18.25% | |
| 5Y Return (annualized) | -1.47% | +12.51% | |
| Volatility (annualized) | 21.1% | 14.6% | |
| Max Drawdown | -69.7% | -58.8% | |
| Fund Family | PIMCO (US) | Vanguard (US) | |
| Category | Fixed Income | Equity | |
| Inception | Dec 27, 2002 | Nov 10, 2006 |
PTY vs VYM Performance
PIMCO Corporate & Income Opportunity Fund (PTY) is a ETF from PIMCO (US) and Vanguard High Dividend Yield ETF (VYM) is a ETF from Vanguard (US). Over the past year PTY returned -5.23% while VYM returned +26.12%. Year to date, PTY is down 1.75% versus a gain of 15.80% for VYM.
Over three years, PTY compounded at +3.18% per year against +18.25% for VYM; over five years the annualized figures are -1.47% and +12.51% respectively. Across the full 20-year window we track, VYM has the edge at +7.07% annualized vs +1.38%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
PTY has been the more volatile fund, with annualized monthly volatility of 21.1% compared with 14.6% for VYM. 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 -69.7% for PTY and -58.8% for VYM. 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 0.51. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
PTY charges 3.70% per year while VYM charges 0.04%. On a $10,000 position that is $370 vs $4 annually, a gap of $366 per year that compounds over a long holding period. On income, PTY currently yields 12.40% against 2.86% for VYM.
Holdings Overlap
PTY and VYM share 0 holdings out of 581 unique holdings combined, representing a 0.0% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, PTY or VYM?
PTY has an expense ratio of 3.70% while VYM charges 0.04%. VYM is the cheaper option. On a $10,000 investment, that is $366 per year of difference.
Which performed better, PTY or VYM?
Over the past year PTY returned -5.23% vs +26.12% for VYM, so VYM leads on 1-year performance. Over the longest common window we track (20 years), PTY annualized +1.38% vs +7.07% for VYM. Past performance does not guarantee future results.
Which is riskier, PTY or VYM?
PTY has been the more volatile fund at 21.1% annualized versus 14.6% for VYM. Worst drawdown: PTY -69.7% vs VYM -58.8%.
Should I hold both PTY and VYM?
PTY and VYM have a monthly-return correlation of 0.51, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between PTY and VYM?
PTY and VYM share 0 common holdings with a 0.0% weight overlap. Combined, they hold 581 unique securities.
Which pays a higher dividend, PTY or VYM?
PTY yields 12.40% while VYM yields 2.86%, so PTY currently pays the higher dividend yield.
Popular ETF Comparisons
Get Full ETF Analytics
Access complete holdings data, overlap analysis, screener tools, and more with FundXLS.