CARY vs PDI
Angel Oak Income ETF vs PIMCO Dynamic Income Fund
Which is better, CARY or PDI?
Each has led over a different period.
CARY has a lower expense ratio. CARY led over 1Y and the full window, PDI over 3Y.
MarketXLS is not an investment adviser. This comparison is generated automatically from market data and is for information only. A Best mark means the better reading on that one measure, not a recommendation to buy.
Side-by-Side Comparison
| Metric | CARY | PDI |
|---|---|---|
| Expense Ratio | 0.79%Best | 5.12% |
| AUM | $1.4B | $7.2B |
| Dividend Yield | 5.99% | 17.60% |
| Holdings | 818 | 1,822 |
| YTD Return | +0.90%Best | -12.38% |
| 1Y Return | +2.06%Best | -17.65% |
| 3Y Return (annualized) | +6.62% | +9.49%Best |
| 5Y Return (annualized) | - | +1.05% |
| Volatility (annualized) | 2.9%Best | 14.8% |
| Max Drawdown | -2.3%Best | -18.9% |
| $10,000 over 3.9 years | $12,751Best | $12,528 |
| Fund Family | Angel Oak Capital Advisors | PIMCO (US) |
| Category | Fixed Income | Fixed Income |
| Style | Diversified Sectoral Bond | Diversified Sectoral Bond |
| Inception | Nov 7, 2022 | May 25, 2012 |
Not shown on this pair: Top 10 Weight.
Volatility and max drawdown, and the $10,000 over 3.9 years row, are measured over the window both funds cover: Nov 8, 2022 to Oct 14, 2026 (3.9 years).
CARY vs PDI growth
Month-end closes. Both lines start at 0% in the first month shown, so the gap between them is the difference in growth across that window. The full view covers the 3.9 years both funds cover.
CARY vs PDI Performance
Angel Oak Income ETF (CARY) is an ETF from Angel Oak Capital Advisors and PIMCO Dynamic Income Fund (PDI) is an ETF from PIMCO (US). Over the past year CARY returned +2.06% while PDI returned -17.65%. Year to date, CARY is up 0.90% versus a loss of 12.38% for PDI.
Over three years, CARY compounded at +6.62% per year against +9.49% for PDI. Across the full 4-year window we track, CARY has the edge at +6.43% annualized vs +5.95%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
PDI has been the more volatile fund, with annualized monthly volatility of 14.8% compared with 2.9% for CARY. 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 -2.3% for CARY and -18.9% for PDI. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.56. They move together some of the time, and apart the rest.
Fees and Cost Over Time
CARY charges 0.79% per year while PDI charges 5.12%. On a $10,000 position that is $79 vs $512 annually, a gap of $433 per year that compounds over a long holding period. On income, CARY currently yields 5.99% against 17.60% for PDI.
Holdings Overlap
We hold position weights for 241 holdings in CARY and 25 in PDI, totalling 20.8% and 6.4% of the two funds. The two books name no position in common, so there is no overlap percentage to show.
The two holdings books were reported 373 days apart, CARY as of Oct 8, 2026 and PDI as of Sep 30, 2025, so some of the difference between them is the time between the two reports rather than the funds.
0 positions in common, counted across the 241 positions we hold weights for in CARY and 25 in PDI, against full books of 818 and 1,822.
You are not choosing between two funds in isolation.
Whichever of CARY and PDI you pick has to sit alongside everything else you own. Add the rest and see what the combination actually holds.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, CARY or PDI?
CARY has an expense ratio of 0.79% while PDI charges 5.12%. CARY is the cheaper option, by $433 a year on a $10,000 investment.
Which performed better, CARY or PDI?
Over the past year CARY returned +2.06% vs -17.65% for PDI, so CARY leads on 1-year performance. Over the longest common window we track (4 years), CARY annualized +6.43% vs +5.95% for PDI. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, CARY or PDI?
PDI has been the more volatile fund at 14.8% annualized versus 2.9% for CARY. Worst drawdown: CARY -2.3% vs PDI -18.9%.
Should I hold both CARY and PDI?
CARY and PDI have a monthly-return correlation of 0.56, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
Which pays a higher dividend, CARY or PDI?
CARY yields 5.99% while PDI yields 17.60%, so PDI currently pays the higher dividend yield.
Is PDI better than CARY?
CARY has a lower expense ratio. CARY led over 1Y and the full window, PDI over 3Y. Which one suits a particular account depends on what it is for. This is information, not a recommendation.