QWLD vs PNI

Comparison between STATE STREET(R) SPDR(R) MSCI WORLD STRATEGICFACTORS(SM) ETF (QWLD, ETF) and Pimco New York Municipal Income Fund II (PNI, ETF).

5-Year PerformanceQWLD has outperformed PNI, delivering a return of +9.8% compared to -5.3%

QWLD vs PNI - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	QWLD(ETF)	PNI(ETF)
Net Assets	$188M	$187M
Expense Ratio	0.30%	N/A
Max Drawdown	31.89%	64.22%
Sharpe Ratio	1.19	0.78
5Y Beta	0.67	0.13
P/E Ratio	24.17	N/A
Forward P/E	18.75	N/A
5Y Dividends CAGR	9.32%	-2.71%
Debt to Equity	76.65%	N/A
P/S Ratio	2.41	N/A
P/B Ratio	4.43	N/A

Net Assets

Winner

QWLD

$188M

PNI

$187M

Expense Ratio

QWLD

0.30%

PNI

N/A

Max Drawdown

Winner

QWLD

31.89%

PNI

64.22%

Sharpe Ratio

Winner

QWLD

1.19

PNI

0.78

5Y Beta

QWLD

0.67

Winner

PNI

0.13

P/E Ratio

QWLD

24.17

PNI

N/A

Forward P/E

QWLD

18.75

PNI

N/A

5Y Dividends CAGR

Winner

QWLD

9.32%

PNI

-2.71%

Debt to Equity

QWLD

76.65%

PNI

N/A

P/S Ratio

QWLD

2.41

PNI

N/A

P/B Ratio

QWLD

4.43

PNI

N/A

QWLD vs PNI - Historical Returns

Returns include dividend reinvestment.

Period	QWLD	PNI
1 month	+0.93%	+0.85%
3 months	+2.66%	+1.27%
6 months	+6.31%	+4.04%
1 year	+16.31%	+10.46%
5 years(CAGR)	+9.77%	-5.29%
10 years(CAGR)	+11.52%	-2.00%
Max(CAGR)	+10.30%	+2.72%

Winner

QWLD

+0.93%

PNI

+0.85%

Winner

QWLD

+2.66%

PNI

+1.27%

Winner

QWLD

+6.31%

PNI

+4.04%

Winner

QWLD

+16.31%

PNI

+10.46%

5Y(CAGR)

Winner

QWLD

+9.77%

PNI

-5.29%

10Y(CAGR)

Winner

QWLD

+11.52%

PNI

-2.00%

Max(CAGR)

Winner

QWLD

+10.30%

PNI

+2.72%

QWLD vs PNI - Annual Returns (2002 - 2026)

Returns include dividend reinvestment.

Year	QWLD	PNI
2026	+5.36%	+3.90%
2025	+18.21%	+0.74%
2024	+14.75%	-0.59%
2023	+19.34%	-0.22%
2022	-13.37%	-26.08%
2021	+22.41%	+8.85%
2020	+9.47%	-5.47%
2019	+27.76%	+17.54%
2018	-7.26%	-6.93%
2017	+22.42%	+4.74%
2016	+11.30%	+2.82%
2015	+2.01%	+7.62%
2014	+2.62%	+26.98%
2013	N/A	-16.64%
2012	N/A	+18.08%
2011	N/A	+16.17%
2010	N/A	+1.49%
2009	N/A	+61.88%
2008	N/A	-45.31%
2007	N/A	-9.31%
2006	N/A	+1.82%
2005	N/A	+22.84%
2004	N/A	+8.37%
2003	N/A	+5.03%
2002	N/A	-3.93%

QWLD vs PNI Drawdown Comparison

The maximum drawdown for QWLD was -31.89%, occurring on Mar 23, 2020. Recovery took 188 trading sessions.

The maximum drawdown for PNI was -59.91%, occurring on Dec 15, 2008. Recovery took 987 trading sessions.

The current QWLD drawdown is -1.44%. The current PNI drawdown is -26.42%.

Rank	QWLD	PNI
#1	-31.89% Feb 12, 2020 - Nov 9, 2020	-59.91% Feb 7, 2008 - Jan 6, 2012
#2	-22.83% Dec 29, 2021 - Dec 11, 2023	-44.12% Aug 4, 2021 - Oct 27, 2023
#3	-16.47% Oct 3, 2018 - Apr 12, 2019	-34.33% Feb 27, 2020 - Jul 6, 2021
#4	-14.11% May 22, 2015 - Apr 20, 2016	-22.88% Nov 30, 2012 - Dec 3, 2014
#5	-12.40% Feb 20, 2025 - May 15, 2025	-20.89% Jul 8, 2016 - Jan 7, 2020
#6	-9.27% Jun 13, 2014 - Feb 18, 2015	-14.60% Mar 17, 2004 - Oct 15, 2004
#7	-8.60% Jan 23, 2018 - Sep 20, 2018	-14.08% Apr 24, 2007 - Feb 7, 2008
#8	-7.66% Feb 27, 2026 - May 6, 2026	-12.73% Jan 9, 2006 - Nov 29, 2006
#9	-5.76% Sep 3, 2021 - Nov 3, 2021	-8.04% Jul 2, 2003 - Jan 22, 2004
#10	-5.52% Jul 16, 2024 - Aug 19, 2024	-7.48% Jul 18, 2002 - May 14, 2003
#11	-5.07% Jul 29, 2019 - Sep 12, 2019	-7.30% Sep 30, 2005 - Dec 12, 2005
#12	-5.05% Dec 5, 2024 - Jan 30, 2025	-7.19% Feb 9, 2012 - May 1, 2012
#13	-4.98% Jun 23, 2016 - Jul 12, 2016	-6.86% Feb 4, 2015 - Oct 26, 2015
#14	-4.75% Sep 6, 2016 - Jan 4, 2017	-6.72% Mar 7, 2005 - May 2, 2005
#15	-4.51% Mar 28, 2024 - May 14, 2024	-4.78% Oct 26, 2015 - Dec 21, 2015

Correlation

Correlation between QWLD and PNI is -0.28 which considered as a very weak or no correlation - the stocks move independently of each other.

-0.28

-101

Dividend Comparison (2002 - 2026)

QWLD vs PNI dividend yield comparison.

Year	QWLD	PNI
2026	0.89%	2.10%
2025	1.85%	5.14%
2024	1.74%	4.94%
2023	1.78%	4.66%
2022	2.02%	6.04%
2021	1.77%	4.23%
2020	1.77%	4.42%
2019	2.13%	4.24%
2018	2.33%	5.78%
2017	2.73%	5.20%
2016	2.22%	6.63%
2015	3.42%	6.44%
2014	1.02%	6.53%
2013	0.00%	7.78%
2012	0.00%	6.23%
2011	0.00%	6.91%
2010	0.00%	7.58%
2009	0.00%	7.19%
2008	0.00%	11.25%
2007	0.00%	5.89%
2006	0.00%	5.23%
2005	0.00%	6.06%
2004	0.00%	6.99%
2003	0.00%	6.75%
2002	0.00%	2.90%