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.
Key characteristics
| AXSIX | MFHVX | |
|---|---|---|
| YTD Return | 8.43% | 9.44% |
| 1Y Return | 10.69% | 14.08% |
| 3Y Return (Ann) | 3.40% | 2.69% |
| Sharpe Ratio | 4.36 | 5.53 |
| Sortino Ratio | 11.25 | 9.66 |
| Omega Ratio | 2.97 | 2.65 |
| Calmar Ratio | 12.14 | 2.73 |
| Martin Ratio | 50.67 | 64.71 |
| Ulcer Index | 0.21% | 0.22% |
| Daily Std Dev | 2.45% | 2.57% |
| Max Drawdown | -12.55% | -20.95% |
| Current Drawdown | -0.55% | -0.12% |
Correlation
The correlation between AXSIX and MFHVX is 0.27, 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
In the year-to-date period, AXSIX achieves a 8.43% return, which is significantly lower than MFHVX's 9.44% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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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 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 8.16%, less than MFHVX's 9.29% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|
AXSIX Axonic Strategic Income Fund | 8.16% | 8.55% | 5.35% | 6.43% | 1.30% | 0.00% | 0.00% |
MFHVX Mesirow High Yield Fund | 9.29% | 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) has a higher volatility of 0.81% compared to Mesirow High Yield Fund (MFHVX) at 0.56%. This indicates that AXSIX's price experiences larger fluctuations and is considered to be riskier than MFHVX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.