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Pioneer High Income Fund, Inc. (PHT)
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility
Financials

Company Info

ISIN

US72369H1068

CUSIP

72369H106

IPO Date

Apr 26, 2002

Highlights

Market Cap

$231.21M

EPS (TTM)

$1.46

PE Ratio

5.40

Total Revenue (TTM)

$14.19M

Gross Profit (TTM)

$14.19M

Year Range

$6.52 - $7.95

Short Ratio

1.00

Share Price Chart


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Pioneer High Income Fund, Inc.

Performance

Performance Chart


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S&P 500

Returns By Period

Pioneer High Income Fund, Inc. (PHT) returned 5.51% year-to-date (YTD) and 15.33% over the past 12 months. Over the past 10 years, PHT returned 4.89% annually, underperforming the S&P 500 benchmark at 10.88%.


PHT

YTD

5.51%

1M

5.09%

6M

4.62%

1Y

15.33%

3Y*

11.36%

5Y*

11.56%

10Y*

4.89%

^GSPC (Benchmark)

YTD

0.68%

1M

7.17%

6M

-1.66%

1Y

11.63%

3Y*

12.51%

5Y*

14.34%

10Y*

10.88%

*Annualized

Monthly Returns

The table below presents the monthly returns of PHT, with color gradation from worst to best to easily spot seasonal factors. Returns are adjusted for dividends.


JanFebMarAprMayJunJulAugSepOctNovDecTotal
20253.18%-0.07%-1.07%-1.46%4.95%5.51%
20243.87%1.57%3.85%-3.33%-0.36%4.20%3.80%2.41%2.22%-2.20%2.78%-1.59%18.21%
20239.52%0.11%-4.59%2.37%0.24%1.26%2.46%2.59%-2.69%-1.87%8.97%2.05%21.32%
2022-8.15%-5.07%-1.86%-5.05%-1.73%-4.39%2.76%0.28%-8.84%1.63%8.32%-6.08%-25.85%
20211.23%2.56%2.74%5.91%3.29%-3.16%1.28%11.42%-9.04%5.16%-2.96%-0.56%17.70%
20202.41%-7.66%-27.62%7.42%8.26%2.57%5.77%5.23%-1.40%-2.21%15.23%2.76%3.74%
20197.65%3.94%1.90%4.56%-3.17%1.53%4.31%-0.76%1.17%3.25%-0.25%3.41%30.72%
2018-0.20%-0.77%-1.01%1.86%-0.17%-0.70%-0.06%1.90%-0.06%-4.92%-3.52%-3.26%-10.61%
2017-2.00%1.76%-1.14%1.78%1.15%-0.75%1.87%-0.45%1.88%0.44%-2.45%1.54%3.54%
2016-1.47%-3.74%13.39%5.74%-5.77%3.50%4.53%1.47%0.64%-3.69%-0.92%4.43%17.99%
2015-1.63%-15.21%-8.63%1.44%-1.83%-6.73%-4.31%-0.88%-3.69%5.29%-5.69%-2.53%-37.42%
20143.11%1.35%1.69%1.83%3.43%0.58%-4.49%2.39%-3.98%3.71%1.57%-0.84%10.42%
Go deeper with the Portfolio Analysis tool — backtest performance, assess risk, compare to benchmarks, and more

Risk-Adjusted Performance

Risk-Adjusted Performance Rank

With an overall rank of 86, PHT is among the top 14% of stocks on our website when it comes to balancing risk and reward. Below is a breakdown of how it compares using common performance measures.


The Risk-Adjusted Performance Rank of PHT is 8686
Overall Rank
The Sharpe Ratio Rank of PHT is 8787
Sharpe Ratio Rank
The Sortino Ratio Rank of PHT is 8181
Sortino Ratio Rank
The Omega Ratio Rank of PHT is 8787
Omega Ratio Rank
The Calmar Ratio Rank of PHT is 8383
Calmar Ratio Rank
The Martin Ratio Rank of PHT is 9090
Martin Ratio Rank
The risk-adjusted ranks indicate the investment's position relative to the market. A rank closer to 100 signifies top-performing investments, while a rank closer to 0 might suggest underperformance, based on the selected ratio. The values are calculated based on the past 12 months of returns.

Risk-Adjusted Performance Indicators

The charts below present risk-adjusted performance metrics for Pioneer High Income Fund, Inc. (PHT) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.


The Sharpe ratio helps investors understand how much return they're getting for the level of risk taken. A higher Sharpe ratio indicates better risk-adjusted performance, meaning more reward for each unit of risk.

Pioneer High Income Fund, Inc. Sharpe ratios as of May 28, 2025 (values are recalculated daily):

  • 1-Year: 1.26
  • 5-Year: 0.82
  • 10-Year: 0.28
  • All Time: 0.36

These values reflect how efficiently the investment has delivered returns relative to its volatility over different time periods. All figures are annualized and based on daily total returns (including price changes and dividends).

The chart below shows the rolling Sharpe ratio of Pioneer High Income Fund, Inc. compared to the selected benchmark. This view highlights how the investment's risk-adjusted performance has changed over time.


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Go to the full Sharpe Ratio tool to analyze any stock or portfolio. Customize time frames, set your own risk-free rate, and more

Dividends

Dividend History

Pioneer High Income Fund, Inc. provided a 8.37% dividend yield over the last twelve months, with an annual payout of $0.66 per share.


8.00%9.00%10.00%11.00%12.00%13.00%14.00%$0.00$0.50$1.00$1.5020142015201620172018201920202021202220232024
Dividends
Dividend Yield
PeriodTTM20242023202220212020201920182017201620152014
Dividend$0.66$0.66$0.67$0.74$0.79$0.83$0.81$0.77$0.84$0.96$1.37$1.64

Dividend yield

8.37%8.52%9.37%11.38%8.12%9.25%8.49%9.71%8.63%9.37%14.36%9.54%

Monthly Dividends

The table displays the monthly dividend distributions for Pioneer High Income Fund, Inc.. The dividends shown in the table have been adjusted to account for any splits that may have occurred.


JanFebMarAprMayJunJulAugSepOctNovDecTotal
2025$0.06$0.06$0.06$0.06$0.06$0.28
2024$0.06$0.06$0.06$0.06$0.06$0.06$0.06$0.06$0.06$0.06$0.06$0.06$0.66
2023$0.06$0.06$0.06$0.06$0.06$0.06$0.06$0.06$0.06$0.06$0.06$0.06$0.67
2022$0.06$0.06$0.06$0.06$0.06$0.06$0.06$0.06$0.06$0.06$0.06$0.06$0.74
2021$0.00$0.07$0.07$0.07$0.07$0.07$0.07$0.07$0.07$0.07$0.07$0.06$0.79
2020$0.00$0.07$0.07$0.07$0.07$0.07$0.07$0.07$0.07$0.07$0.07$0.15$0.83
2019$0.00$0.07$0.07$0.07$0.07$0.07$0.07$0.07$0.07$0.07$0.07$0.14$0.81
2018$0.00$0.06$0.06$0.06$0.06$0.06$0.06$0.06$0.06$0.06$0.06$0.13$0.77
2017$0.06$0.06$0.06$0.06$0.06$0.06$0.06$0.06$0.06$0.06$0.06$0.13$0.84
2016$0.00$0.09$0.09$0.09$0.08$0.08$0.08$0.08$0.08$0.08$0.08$0.08$0.96
2015$0.00$0.11$0.11$0.11$0.11$0.11$0.11$0.11$0.11$0.11$0.11$0.23$1.37
2014$0.14$0.14$0.14$0.14$0.14$0.14$0.14$0.14$0.14$0.14$0.27$1.64

Dividend Yield & Payout


Dividend Yield

Pioneer High Income Fund, Inc. has a dividend yield of 8.37%, which means its dividend payment is significantly above the market average.

Payout Ratio

Pioneer High Income Fund, Inc. has a payout ratio of 45.21%, which is quite average when compared to the overall market. This suggests that Pioneer High Income Fund, Inc. strikes a balance between reinvesting profits for growth and paying dividends to shareholders.

Drawdowns

Drawdowns Chart

The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.


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Worst Drawdowns

The table below displays the maximum drawdowns of the Pioneer High Income Fund, Inc.. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.

The maximum drawdown for the Pioneer High Income Fund, Inc. was 60.95%, occurring on Nov 20, 2008. Recovery took 201 trading sessions.

The current Pioneer High Income Fund, Inc. drawdown is 0.25%.


Depth

Start

To Bottom

Bottom

To Recover

End

Total

-60.95%Jun 6, 2007371Nov 20, 2008201Sep 10, 2009572
-50.3%Jul 25, 20141425Mar 23, 2020266Apr 13, 20211691
-37.86%Sep 15, 2021274Oct 14, 2022644May 13, 2025918
-19.33%Oct 8, 201227Nov 15, 2012102Apr 16, 2013129
-17.09%Apr 15, 201026May 20, 201050Aug 2, 201076
Go to the full Drawdowns tool for more analysis options, including inflation-adjusted drawdowns, and more

Volatility

Volatility Chart

The chart below shows the rolling one-month volatility.


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Financials

Financial Performance

The chart below illustrates the trends in the financial health of Pioneer High Income Fund, Inc. over time, highlighting three key metrics: Total Revenue, Earnings Before Interest and Taxes (EBIT), and Net Income.


Annual
Quarterly

0.0

Earnings Per Share

The chart presents the Earnings Per Share (EPS) performance of Pioneer High Income Fund, Inc., comparing actual results with analytics estimates.


-2.00-1.000.001.002.00AprilMayJuneJulyAugustSeptemberOctoberNovemberDecember2021FebruaryMarchAprilMayJune
0.25
0
Actual
Estimate

Valuation

The Valuation section provides an overview of how Pioneer High Income Fund, Inc. is priced in the market compared to other companies in the Asset Management industry. It includes key financial ratios that help investors assess whether the stock is undervalued or overvalued.


PE Ratio

The chart displays the Price-to-Earnings (P/E) ratio for PHT, comparing it with other companies in the Asset Management industry. Currently, PHT has a P/E ratio of 5.4. This P/E ratio is considered low compared to industry peers, which may suggest that the stock is undervalued or that the company has weaker growth prospects.

PEG Ratio

The chart shows the Price/Earnings to Growth (PEG) ratio for PHT compared to other companies in the Asset Management industry. PHT currently has a PEG ratio of 0.0. This PEG ratio is low compared to industry peers, which could indicate the stock is undervalued relative to its expected growth.

PS Ratio

This chart shows the Price-to-Sales (P/S) ratio for PHT relative to other companies in the Asset Management industry. Currently, PHT has a P/S ratio of 16.4. This P/S ratio is high relative to other companies in the industry. It could mean the stock is overvalued, or that investors expect strong future growth and profitability.

PB Ratio

The chart illustrates the Price-to-Book (P/B) ratio for PHT in comparison with other companies in the Asset Management industry. Currently, PHT has a P/B value of 0.9. This P/B ratio is in line with the industry average, suggesting the stock is valued fairly in relation to its book value.

Income Statement



TTM
Revenue

Total Revenue

Cost Of Revenue

Gross Profit

Operating Expenses

Selling, General & Admin Expenses

R&D Expenses

Depreciation And Amortization

Total Operating Expenses

Income

Income Before Tax

Operating Income

EBITDA

EBIT

Earnings From Continuing Operations

Net Income

Income Tax Expense

Other Non-Operating Income (Expenses)

Extraordinary Items

Discontinued Operations

Effect Of Accounting Charges

Non Recurring

Minority Interest

Other Items

Interest Income

Interest Expense

Net Interest Income

Values in undefined except per share items