PNI vs SPY
Comparison between Pimco New York Municipal Income Fund II (PNI, ETF) and SPDR S&P 500 ETF Trust (SPY, ETF).
5-Year PerformanceSPY has outperformed PNI, delivering a return of +13.3% compared to -5.3%
PNI vs SPY - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
PNI vs SPY - Historical Returns
Returns include dividend reinvestment.
PNI vs SPY - Annual Returns (1999 - 2026)
Returns include dividend reinvestment.
| Year | PNI | SPY |
|---|---|---|
| 2026 | +3.90% | +8.26% |
| 2025 | +0.74% | +18.00% |
| 2024 | -0.59% | +25.59% |
| 2023 | -0.22% | +26.72% |
| 2022 | -26.08% | -18.64% |
| 2021 | +8.85% | +30.52% |
| 2020 | -5.47% | +17.28% |
| 2019 | +17.54% | +31.09% |
| 2018 | -6.93% | -5.24% |
| 2017 | +4.74% | +20.78% |
| 2016 | +2.82% | +13.59% |
| 2015 | +7.62% | +1.31% |
| 2014 | +26.98% | +14.56% |
| 2013 | -16.64% | +29.00% |
| 2012 | +18.08% | +14.17% |
| 2011 | +16.17% | +0.85% |
| 2010 | +1.49% | +13.14% |
| 2009 | +61.88% | +22.67% |
| 2008 | -45.31% | -36.25% |
| 2007 | -9.31% | +5.32% |
| 2006 | +1.82% | +13.85% |
| 2005 | +22.84% | +5.32% |
| 2004 | +8.37% | +10.75% |
| 2003 | +5.03% | +24.18% |
| 2002 | -3.93% | -22.42% |
| 2001 | N/A | -10.13% |
| 2000 | N/A | -8.84% |
| 1999 | N/A | +8.61% |
PNI vs SPY Drawdown Comparison
The maximum drawdown for PNI was -59.91%, occurring on Dec 15, 2008. Recovery took 987 trading sessions.
The maximum drawdown for SPY was -55.20%, occurring on Mar 9, 2009. Recovery took 1224 trading sessions.
The current PNI drawdown is -26.42%. The current SPY drawdown is -2.90%.
| Rank | PNI | SPY |
|---|---|---|
| #1 | -59.91% Feb 7, 2008 - Jan 6, 2012 | -55.20% Oct 9, 2007 - Aug 16, 2012 |
| #2 | -44.12% Aug 4, 2021 - Oct 27, 2023 | -47.50% Mar 24, 2000 - Oct 26, 2006 |
| #3 | -34.33% Feb 27, 2020 - Jul 6, 2021 | -33.70% Feb 19, 2020 - Aug 10, 2020 |
| #4 | -22.88% Nov 30, 2012 - Dec 3, 2014 | -24.50% Jan 3, 2022 - Dec 13, 2023 |
| #5 | -20.89% Jul 8, 2016 - Jan 7, 2020 | -19.34% Sep 20, 2018 - Apr 12, 2019 |
| #6 | -14.60% Mar 17, 2004 - Oct 15, 2004 | -18.76% Feb 19, 2025 - Jun 26, 2025 |
| #7 | -14.08% Apr 24, 2007 - Feb 7, 2008 | -13.02% Jul 20, 2015 - Apr 18, 2016 |
| #8 | -12.73% Jan 9, 2006 - Nov 29, 2006 | -10.10% Jan 26, 2018 - Aug 6, 2018 |
| #9 | -8.04% Jul 2, 2003 - Jan 22, 2004 | -9.44% Sep 2, 2020 - Nov 11, 2020 |
| #10 | -7.48% Jul 18, 2002 - May 14, 2003 | -9.30% Jan 19, 2000 - Mar 17, 2000 |
| #11 | -7.30% Sep 30, 2005 - Dec 12, 2005 | -9.05% Jul 19, 2007 - Oct 5, 2007 |
| #12 | -7.19% Feb 9, 2012 - May 1, 2012 | -8.88% Jan 27, 2026 - Apr 14, 2026 |
| #13 | -6.86% Feb 4, 2015 - Oct 26, 2015 | -8.41% Jul 16, 2024 - Sep 19, 2024 |
| #14 | -6.72% Mar 7, 2005 - May 2, 2005 | -7.35% Sep 14, 2012 - Jan 2, 2013 |
| #15 | -4.78% Oct 26, 2015 - Dec 21, 2015 | -7.27% Sep 18, 2014 - Oct 31, 2014 |
Correlation
Correlation between PNI and SPY is 0.58 which considered as a moderate positive correlation - the stocks show some tendency to move together.
Dividend Comparison (1999 - 2026)
PNI vs SPY dividend yield comparison.
| Year | PNI | SPY |
|---|---|---|
| 2026 | 2.10% | 0.24% |
| 2025 | 5.14% | 1.07% |
| 2024 | 4.94% | 1.21% |
| 2023 | 4.66% | 1.40% |
| 2022 | 6.04% | 1.65% |
| 2021 | 4.23% | 1.20% |
| 2020 | 4.42% | 1.52% |
| 2019 | 4.24% | 1.75% |
| 2018 | 5.78% | 2.04% |
| 2017 | 5.20% | 1.80% |
| 2016 | 6.63% | 2.03% |
| 2015 | 6.44% | 2.06% |
| 2014 | 6.53% | 1.87% |
| 2013 | 7.78% | 1.81% |
| 2012 | 6.23% | 2.18% |
| 2011 | 6.91% | 2.05% |
| 2010 | 7.58% | 1.80% |
| 2009 | 7.19% | 1.95% |
| 2008 | 11.25% | 3.02% |
| 2007 | 5.89% | 1.85% |
| 2006 | 5.23% | 1.73% |
| 2005 | 6.06% | 1.73% |
| 2004 | 6.99% | 1.82% |
| 2003 | 6.75% | 1.47% |
| 2002 | 2.90% | 1.70% |
| 2001 | 0.00% | 1.25% |
| 2000 | 0.00% | 1.15% |
| 1999 | 0.00% | 0.24% |
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