PACE High Yield Investments (PHYPX)

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PACE High Yield Investments (PHYPX) is up 1.8% since the beginning of the year. PHYPX is currently trading at $9 per share. Investors who bought $1,000 worth of PHYPX shares 5 years ago would now be looking at an investment worth $1,186.

PACE High Yield Investments (PHYPX) has returned 1.82% so far this year and 7.53% over the past 12 months. Over the last ten years, PHYPX has returned 5.33% per year, falling short of the S&P 500 Index benchmark, which averaged 13.66% annually.

Based on dividend-adjusted daily data since Apr 10, 2006, PHYPX's average daily return is +0.02%, while the average monthly return is +0.51%. At this rate, an investment would double in approximately 11.4 years.

Historically, 67% of months were positive and 33% were negative. The best month was Apr 2009 with a return of +9.2%, while the worst month was Mar 2020 at -14.3%. The longest winning streak lasted 11 consecutive months, and the longest losing streak was 6 months.

On a daily basis, PHYPX closed higher 47% of trading days. The best single day was Jan 9, 2008 with a return of +4.9%, while the worst single day was Jan 8, 2008 at -5.6%.

PACE High Yield Investments has an annualized alpha of 4.87%, beta of 0.11, and R2 of 0.16 versus S&P 500 Index. Calculated based on daily prices since April 11, 2006.

• This fund participates in less of S&P 500 Index's moves in both directions, but captures a larger share of gains (40.58%) than losses (40.34%) - typical of diversified or defensive assets.
• Beta of 0.11 may look defensive, but with R2 of 0.16 this fund is largely uncorrelated with S&P 500 Index - low beta reflects independence, not downside protection. See the Volatility section for a true picture of this fund's risk.
• R2 of 0.16 means this fund moves largely independently of S&P 500 Index - capture ratios reflect limited market correlation rather than active downside protection. Consider using a more representative benchmark.

PHYPX has an expense ratio of 0.91%, placing it in the medium range.

PHYPX ranks 42 for risk / return — on par with similar mutual funds. You're getting a typical balance of risk and reward. Not a standout, but not a red flag either — a reasonable choice if other factors align with your goals.

The table below present risk-adjusted performance metrics for PACE High Yield Investments (PHYPX) and compare them to S&P 500 Index.

PACE High Yield Investments provided a 6.26% dividend yield over the last twelve months, with an annual payout of $0.55 per share.

The table displays the monthly dividend distributions for PACE High Yield Investments. The dividends shown in the table have been adjusted to account for any splits that may have occurred.

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.

The table below displays the maximum drawdowns of the PACE High Yield Investments. 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 PACE High Yield Investments was 27.27%, occurring on Dec 12, 2008. Recovery took 124 trading sessions.

The current PACE High Yield Investments drawdown is 0.20%.

The chart below shows the rolling one-month volatility.