CIF vs. PIAMX
Compare and contrast key facts about MFS Intermediate High Income Fund (CIF) and PIA High Yield (MACS) Fund (PIAMX).
CIF is a passively managed fund by MFS that tracks the performance of the Barclays U.S. High-Yield Corporate 2% Issuer Capped Index. It was launched on Jul 21, 1988. PIAMX is managed by PIA Mutual Funds. It was launched on Dec 26, 2017.
Performance
CIF vs. PIAMX - Performance Comparison
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CIF vs. PIAMX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
CIF MFS Intermediate High Income Fund | -2.21% | 8.97% | 11.42% | 11.85% | -32.24% | 17.80% | 0.27% | 43.26% | -20.52% |
PIAMX PIA High Yield (MACS) Fund | -2.20% | 2.34% | 11.23% | 16.38% | -10.93% | 7.82% | 9.05% | 11.77% | -2.63% |
Returns By Period
The year-to-date returns for both investments are quite close, with CIF having a -2.21% return and PIAMX slightly higher at -2.20%.
CIF
- 1D
- 2.85%
- 1M
- -3.86%
- YTD
- -2.21%
- 6M
- -3.39%
- 1Y
- 5.09%
- 3Y*
- 9.56%
- 5Y*
- 0.78%
- 10Y*
- 6.17%
PIAMX
- 1D
- 0.26%
- 1M
- -2.36%
- YTD
- -2.20%
- 6M
- -2.91%
- 1Y
- 1.56%
- 3Y*
- 7.17%
- 5Y*
- 3.87%
- 10Y*
- —
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CIF vs. PIAMX - Expense Ratio Comparison
CIF has a 1.50% expense ratio, which is higher than PIAMX's 0.20% expense ratio.
Return for Risk
CIF vs. PIAMX — Risk / Return Rank
CIF
PIAMX
CIF vs. PIAMX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for MFS Intermediate High Income Fund (CIF) and PIA High Yield (MACS) Fund (PIAMX). 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.
| CIF | PIAMX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.38 | 0.31 | +0.07 |
Sortino ratioReturn per unit of downside risk | 0.60 | 0.41 | +0.19 |
Omega ratioGain probability vs. loss probability | 1.09 | 1.07 | +0.02 |
Calmar ratioReturn relative to maximum drawdown | 0.51 | 0.20 | +0.32 |
Martin ratioReturn relative to average drawdown | 1.92 | 0.61 | +1.31 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| CIF | PIAMX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.38 | 0.31 | +0.07 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.05 | 0.97 | -0.92 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.32 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.16 | 1.15 | -1.00 |
Correlation
The correlation between CIF and PIAMX is 0.34, 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.
Dividends
CIF vs. PIAMX - Dividend Comparison
CIF's dividend yield for the trailing twelve months is around 10.96%, more than PIAMX's 8.51% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CIF MFS Intermediate High Income Fund | 10.96% | 10.46% | 10.23% | 10.02% | 11.22% | 8.40% | 9.01% | 8.63% | 11.71% | 9.16% | 9.91% | 10.05% |
PIAMX PIA High Yield (MACS) Fund | 8.51% | 9.12% | 8.49% | 8.12% | 7.99% | 8.64% | 6.63% | 6.96% | 7.14% | 0.00% | 0.00% | 0.00% |
Drawdowns
CIF vs. PIAMX - Drawdown Comparison
The maximum CIF drawdown since its inception was -69.23%, which is greater than PIAMX's maximum drawdown of -18.15%. Use the drawdown chart below to compare losses from any high point for CIF and PIAMX.
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Drawdown Indicators
| CIF | PIAMX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -69.23% | -18.15% | -51.08% |
Max Drawdown (1Y)Largest decline over 1 year | -9.68% | -4.17% | -5.51% |
Max Drawdown (5Y)Largest decline over 5 years | -44.92% | -13.92% | -31.00% |
Max Drawdown (10Y)Largest decline over 10 years | -45.24% | — | — |
Current DrawdownCurrent decline from peak | -23.30% | -3.50% | -19.80% |
Average DrawdownAverage peak-to-trough decline | -17.80% | -2.36% | -15.44% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.65% | 1.37% | +1.28% |
Volatility
CIF vs. PIAMX - Volatility Comparison
MFS Intermediate High Income Fund (CIF) has a higher volatility of 5.35% compared to PIA High Yield (MACS) Fund (PIAMX) at 1.72%. This indicates that CIF's price experiences larger fluctuations and is considered to be riskier than PIAMX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CIF | PIAMX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.35% | 1.72% | +3.63% |
Volatility (6M)Calculated over the trailing 6-month period | 7.87% | 2.45% | +5.42% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.40% | 4.32% | +9.08% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.85% | 4.01% | +12.84% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.43% | 4.25% | +15.18% |