AXSIX vs. MFHVX
Compare and contrast key facts about Axonic Strategic Income Fund (AXSIX) and Mesirow High Yield Fund (MFHVX).
AXSIX is managed by Axonic. It was launched on Dec 29, 2019. MFHVX is managed by Mesirow. It was launched on Dec 3, 2018.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: AXSIX or MFHVX.
Correlation
The correlation between AXSIX and MFHVX is 0.26, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Performance
AXSIX vs. MFHVX - Performance Comparison
Key characteristics
AXSIX:
3.50
MFHVX:
4.71
AXSIX:
8.26
MFHVX:
7.54
AXSIX:
2.34
MFHVX:
2.26
AXSIX:
9.84
MFHVX:
10.34
AXSIX:
30.80
MFHVX:
46.98
AXSIX:
0.28%
MFHVX:
0.23%
AXSIX:
2.48%
MFHVX:
2.32%
AXSIX:
-12.55%
MFHVX:
-20.95%
AXSIX:
-0.21%
MFHVX:
0.00%
Returns By Period
In the year-to-date period, AXSIX achieves a -0.11% return, which is significantly lower than MFHVX's 1.18% return.
AXSIX
-0.11%
0.56%
2.90%
8.66%
6.20%
N/A
MFHVX
1.18%
1.27%
4.38%
10.51%
4.88%
N/A
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AXSIX vs. MFHVX - Expense Ratio Comparison
AXSIX has a 1.00% expense ratio, which is lower than MFHVX's 1.43% expense ratio.
Risk-Adjusted Performance
AXSIX vs. MFHVX — Risk-Adjusted Performance Rank
AXSIX
MFHVX
AXSIX vs. MFHVX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Axonic Strategic Income Fund (AXSIX) and Mesirow High Yield Fund (MFHVX). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
Dividends
AXSIX vs. MFHVX - Dividend Comparison
AXSIX's dividend yield for the trailing twelve months is around 7.07%, less than MFHVX's 8.89% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|
AXSIX Axonic Strategic Income Fund | 7.07% | 7.61% | 13.16% | 9.80% | 9.30% | 2.22% | 0.00% | 0.00% |
MFHVX Mesirow High Yield Fund | 8.89% | 9.00% | 9.67% | 8.96% | 6.49% | 7.00% | 6.79% | 0.45% |
Drawdowns
AXSIX vs. MFHVX - Drawdown Comparison
The maximum AXSIX drawdown since its inception was -12.55%, smaller than the maximum MFHVX drawdown of -20.95%. Use the drawdown chart below to compare losses from any high point for AXSIX and MFHVX. For additional features, visit the drawdowns tool.
Volatility
AXSIX vs. MFHVX - Volatility Comparison
Axonic Strategic Income Fund (AXSIX) and Mesirow High Yield Fund (MFHVX) have volatilities of 0.70% and 0.67%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.