CEF Comparison
PDI vs RLTY: Which Is the Better Pick in 2026?
A head-to-head comparison of PIMCO Dynamic Income Fund and Cohen & Steers Real Estate Opportunities and Income Fund covering yield, cost, risk, and income potential.
Data updated July 13, 2026
Side-by-side snapshot
| PDI | RLTY | |
|---|---|---|
| Full name | PIMCO Dynamic Income Fund | Cohen & Steers Real Estate Opportunities and Income Fund |
| Issuer | PIMCO | Cohen & Steers |
| Last Close | $16.77 as of July 13, 2026 | $15.91 as of July 13, 2026 |
| Distribution yield | 15.78% | 8.30% |
| Distribution Safety Score | 94 | 99 |
| Expense ratio | — | — |
| AUM | $3.73B | — |
| Distribution frequency | Monthly | Monthly |
| Underlying index | — | — |
| Objective | A closed-end fund targeting income and capital appreciation. | Seeks high current income with capital appreciation by investing in real estate securities and income-producing instruments. |
| Asset class | Equity | Equity |
| Inception date | — | 02/24/2022 |
| Last dividend | $0.2205 | $0.1100 |
| Ex-dividend date | 07/13/2026 | 09/08/2026 |
Bottom lineChoose PDI if you want higher current income (15.78% vs 8.30% for RLTY). Choose RLTY if you want real-estate income and inflation sensitivity.
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Visual comparison
Key metrics
Projected income on $10K
Projections assume the current yield and share price remain constant. Actual results will vary.
Total returns
PDI has lagged RLTY over the trailing twelve months, posting a 1.08% total return against 13.74%. The lead holds up over 3 years too: RLTY has compounded at 13.96% a year, against 10.34% for PDI. PDI has been the steadier holding, though — annualized volatility of 14.4% against 19.3% for RLTY. Figures are total returns: price change plus every distribution reinvested.
| Symbol | YTD | 1Y | 3Y | Since Feb 2022 | Volatility | Sharpe | Sortino | Max drawdown |
|---|---|---|---|---|---|---|---|---|
| PDI | 0.82% | 1.08% | 10.34% | 6.21% | 14.4% | 0.37 | 0.47 | -17.6% |
| RLTY | 13.21% | 13.74% | 13.96% | 3.59% | 19.3% | 0.45 | 0.63 | -20.8% |
Total return with all distributions reinvested on the ex-dividend date, split-adjusted, as of July 10, 2026. YTD and 1Y are cumulative; longer windows are annualized. “Since Feb 2022” measures every fund from February 24, 2022 — the youngest fund's first trading day — so all funds share one comparison window. Volatility is the annualized standard deviation of daily total returns over the trailing 3 years. Sharpe and Sortino divide the annualized return in excess of the risk-free rate by, respectively, that volatility and the downside deviation (both over the trailing 3 years) — higher is better. Max drawdown is the largest peak-to-trough total-return decline over the same window — shallower is better.
Quick verdict
PDI (PIMCO Dynamic Income Fund) and RLTY (Cohen & Steers Real Estate Opportunities and Income Fund) are both monthly-pay dividend-paying closed-end funds (CEFs), but they take different approaches.
PDI offers the higher yield at 15.78% vs 8.30% for RLTY. A higher yield means more current income per dollar invested, though it may come with different risk characteristics.
Deep dive
Yield & income
On a $10,000 investment, PDI would generate roughly $131.50/month, while RLTY would produce $69.17/month, at current distribution rates. Both pay monthly distributions.
Strategy & risk
PDI is a closed-end fund, while RLTY is a closed-end fund.
Fund details
PDI is managed by PIMCO with $3.73B in assets. RLTY is managed by Cohen & Steers (launched 02/24/2022).
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Frequently asked questions
Is PDI or RLTY better for dividend income?
It depends on your goals. PDI currently offers the higher distribution yield, which means more income per dollar invested. However, a lower-yield fund may offer better total return or lower volatility. Consider your time horizon and risk tolerance.
What is the difference between PDI and RLTY?
PDI (PIMCO Dynamic Income Fund) is a closed-end fund, while RLTY (Cohen & Steers Real Estate Opportunities and Income Fund) is a closed-end fund. They are issued by PIMCO and Cohen & Steers respectively.
Can I hold both PDI and RLTY?
Yes — nothing prevents holding both. Whether the combination actually diversifies depends on how much the underlying exposures overlap, which isn't fully measurable from the data on this page; review each security's holdings, sector, and strategy before treating them as complementary.
How much income does $10,000 in PDI vs RLTY generate?
At current rates, $10,000 in PDI would generate roughly $131.50 per month ($1,578.00 annually). The same in RLTY would produce about $69.17 per month ($830.00 annually).
Which has performed better historically, PDI or RLTY?
PDI has lagged RLTY over the trailing twelve months, posting a 1.08% total return against 13.74%. The lead holds up over 3 years too: RLTY has compounded at 13.96% a year, against 10.34% for PDI. PDI has been the steadier holding, though — annualized volatility of 14.4% against 19.3% for RLTY. Figures are total returns: price change plus every distribution reinvested. Past performance does not guarantee future results.
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