PYLD vs VOO
PYLD vs VOO
PIMCO Multisector Bond Active Exchange-Traded Fund vs Vanguard S&P 500 ETF
Quick Verdict
VOO has a lower expense ratio. VOO delivered stronger 1-year returns. PYLD offers more diversification with 666 holdings.
Side-by-Side Comparison
| Metric | PYLD | VOO | Winner |
|---|---|---|---|
| Expense Ratio | 0.64% | 0.03% | |
| AUM | $15.0B | $979.0B | |
| Dividend Yield | 6.26% | 1.09% | |
| Holdings | 1,576 | 509 | |
| YTD Return | +0.71% | +9.95% | |
| 1Y Return | +5.34% | +19.58% | |
| 3Y Return (annualized) | +7.75% | +19.43% | |
| 5Y Return (annualized) | - | +12.89% | |
| Volatility (annualized) | 4.9% | 14.2% | |
| Max Drawdown | -4.5% | -34.3% | |
| Fund Family | PIMCO (US) | Vanguard (US) | |
| Category | Fixed Income | Equity | |
| Inception | Jun 21, 2023 | Sep 7, 2010 |
PYLD vs VOO Performance
PIMCO Multisector Bond Active Exchange-Traded Fund (PYLD) is a ETF from PIMCO (US) and Vanguard S&P 500 ETF (VOO) is a ETF from Vanguard (US). Over the past year PYLD returned +5.34% while VOO returned +19.58%. Year to date, PYLD is up 0.71% versus a gain of 9.95% for VOO.
Over three years, PYLD compounded at +7.75% per year against +19.43% for VOO. Across the full 3-year window we track, VOO has the edge at +13.35% annualized vs +7.62%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
VOO has been the more volatile fund, with annualized monthly volatility of 14.2% compared with 4.9% for PYLD. 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 -4.5% for PYLD 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 0.69. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
PYLD charges 0.64% per year while VOO charges 0.03%. On a $10,000 position that is $64 vs $3 annually, a gap of $61 per year that compounds over a long holding period. On income, PYLD currently yields 6.26% against 1.09% for VOO.
Holdings Overlap
PYLD and VOO share 0 holdings out of 1171 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, PYLD or VOO?
PYLD has an expense ratio of 0.64% while VOO charges 0.03%. VOO is the cheaper option. On a $10,000 investment, that is $61 per year of difference.
Which performed better, PYLD or VOO?
Over the past year PYLD returned +5.34% vs +19.58% for VOO, so VOO leads on 1-year performance. Over the longest common window we track (3 years), PYLD annualized +7.62% vs +13.35% for VOO. Past performance does not guarantee future results.
Which is riskier, PYLD or VOO?
VOO has been the more volatile fund at 14.2% annualized versus 4.9% for PYLD. Worst drawdown: PYLD -4.5% vs VOO -34.3%.
Should I hold both PYLD and VOO?
PYLD and VOO have a monthly-return correlation of 0.69, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between PYLD and VOO?
PYLD and VOO share 0 common holdings with a 0.0% weight overlap. Combined, they hold 1171 unique securities.
Which pays a higher dividend, PYLD or VOO?
PYLD yields 6.26% while VOO yields 1.09%, so PYLD currently pays the higher dividend yield.
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