BGHSX vs. XILSX

Last updated Jun 4, 2026

BGHSX (BrandywineGLOBAL - High Yield Fund) and XILSX (Pioneer ILS Interval Fund) are both High Yield Bonds funds. Over the past 3 years, BGHSX returned 8.07%/yr vs 19.66%/yr for XILSX. At a 0.06 correlation, their price movements are largely independent. BGHSX charges 0.54%/yr vs 1.88%/yr for XILSX.

Performance

BGHSX vs. XILSX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in BrandywineGLOBAL - High Yield Fund (BGHSX) and Pioneer ILS Interval Fund (XILSX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, BGHSX achieves a 0.34% return, which is significantly lower than XILSX's 7.97% return.

BGHSX

• 1D: 0.10%
• 1M: 0.53%
• YTD: 0.34%
• 6M: 0.72%
• 1Y: 4.90%
• 3Y*: 8.07%
• 5Y*: —
• 10Y*: —

XILSX

• 1D: 0.00%
• 1M: 0.97%
• YTD: 7.97%
• 6M: 10.49%
• 1Y: 24.81%
• 3Y*: 19.66%
• 5Y*: 12.34%
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

BGHSX vs. XILSX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
BGHSX BrandywineGLOBAL - High Yield Fund	0.34%	5.55%	9.90%	13.21%	-10.23%	1.12%
XILSX Pioneer ILS Interval Fund	7.97%	18.70%	18.93%	18.65%	1.23%	-3.16%

Correlation

The correlation between BGHSX and XILSX is 0.05, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.05
Correlation (3Y) Calculated over the trailing 3-year period	0.08
Correlation (All Time) Calculated using the full available price history since Aug 5, 2021	0.06

Return for Risk

BGHSX vs. XILSX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

BGHSX

BGHSX Risk / Return Rank: 36
BGHSX Sharpe Ratio Rank: 32
BGHSX Sortino Ratio Rank: 46
BGHSX Omega Ratio Rank: 44
BGHSX Calmar Ratio Rank: 26
BGHSX Martin Ratio Rank: 35

XILSX

XILSX Risk / Return Rank: 100
XILSX Sharpe Ratio Rank: 100
XILSX Sortino Ratio Rank: 100
XILSX Omega Ratio Rank: 100
XILSX Calmar Ratio Rank: 100
XILSX Martin Ratio Rank: 100

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

BGHSX vs. XILSX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for BrandywineGLOBAL - High Yield Fund (BGHSX) and Pioneer ILS Interval Fund (XILSX). 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.

	BGHSX	XILSX	Difference
Sharpe ratio: Return per unit of total volatility	1.62	8.17	-6.55
Sortino ratio: Return per unit of downside risk	2.84	81.24	-78.40
Omega ratio: Gain probability vs. loss probability	1.36	43.21	-41.86
Calmar ratio: Return relative to maximum drawdown	1.92	117.99	-116.07
Martin ratio: Return relative to average drawdown	7.79	805.46	-797.67
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

BGHSX vs. XILSX - Sharpe Ratio Comparison

The current BGHSX Sharpe Ratio is 1.62, which is lower than the XILSX Sharpe Ratio of 8.17. The chart below compares the historical Sharpe Ratios of BGHSX and XILSX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	BGHSX	XILSX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.62	8.17	-6.55
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	3.29	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.85	1.63	-0.78

Drawdowns

BGHSX vs. XILSX - Drawdown Comparison

The maximum BGHSX drawdown since its inception was -14.30%, roughly equal to the maximum XILSX drawdown of -14.53%. Use the drawdown chart below to compare losses from any high point for BGHSX and XILSX.

Drawdown Indicators

	BGHSX	XILSX	Difference
Max Drawdown Largest peak-to-trough decline	-14.30%	-14.53%	+0.23%
Max Drawdown (1Y) Largest decline over 1 year	-2.67%	-0.21%	-2.46%
Max Drawdown (3Y) Largest decline over 3 years	-4.55%	-2.36%	-2.19%
Max Drawdown (5Y) Largest decline over 5 years	—	-6.27%	—
Current Drawdown Current decline from peak	0.00%	0.00%	0.00%
Average Drawdown Average peak-to-trough decline	-3.24%	-4.91%	+1.67%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.66%	0.03%	+0.63%

Volatility

BGHSX vs. XILSX - Volatility Comparison

BrandywineGLOBAL - High Yield Fund (BGHSX) has a higher volatility of 0.91% compared to Pioneer ILS Interval Fund (XILSX) at 0.43%. This indicates that BGHSX's price experiences larger fluctuations and is considered to be riskier than XILSX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	BGHSX	XILSX	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.91%	0.43%	+0.48%
Volatility (6M) Calculated over the trailing 6-month period	2.31%	2.11%	+0.20%
Volatility (1Y) Calculated over the trailing 1-year period	3.16%	3.08%	+0.08%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	4.48%	3.77%	+0.71%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	4.48%	3.93%	+0.55%

BGHSX vs. XILSX - Expense Ratio Comparison

BGHSX has a 0.54% expense ratio, which is lower than XILSX's 1.88% expense ratio.

Dividends

BGHSX vs. XILSX - Dividend Comparison

BGHSX's dividend yield for the trailing twelve months is around 6.25%, less than XILSX's 8.81% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018
BGHSX BrandywineGLOBAL - High Yield Fund	6.25%	7.08%	7.49%	5.23%	5.32%	4.71%	0.00%	0.00%	0.00%
XILSX Pioneer ILS Interval Fund	8.81%	9.51%	13.06%	12.82%	2.68%	2.04%	5.20%	6.63%	6.40%

Frequently Asked Questions

Can I hold both BGHSX and XILSX in my portfolio?

BGHSX and XILSX have a correlation of 0.05, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, BGHSX or XILSX?

BGHSX has higher volatility (0.91%) compared to XILSX (0.43%). In terms of maximum drawdown, BGHSX dropped -14.30% vs XILSX's -14.53%.

Which has better risk-adjusted returns?

XILSX currently has the higher Sharpe Ratio (8.17 vs 1.62), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.