CPHYX vs. BCAAX
Compare and contrast key facts about Principal High Yield Fund (CPHYX) and BrandywineGLOBAL - Corporate Credit Fund (BCAAX).
CPHYX is managed by Principal. It was launched on Apr 8, 1998. BCAAX is managed by Franklin Templeton Investments. It was launched on Sep 29, 2002.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: CPHYX or BCAAX.
Performance
CPHYX vs. BCAAX - Performance Comparison
Returns By Period
In the year-to-date period, CPHYX achieves a 6.72% return, which is significantly lower than BCAAX's 7.51% return. Over the past 10 years, CPHYX has outperformed BCAAX with an annualized return of 4.49%, while BCAAX has yielded a comparatively lower 1.65% annualized return.
CPHYX
6.72%
0.53%
5.23%
11.99%
4.69%
4.49%
BCAAX
7.51%
0.56%
4.95%
12.32%
2.45%
1.65%
Key characteristics
| CPHYX | BCAAX | |
|---|---|---|
| Sharpe Ratio | 3.42 | 4.26 |
| Sortino Ratio | 5.64 | 8.17 |
| Omega Ratio | 1.84 | 2.22 |
| Calmar Ratio | 6.49 | 3.35 |
| Martin Ratio | 25.24 | 32.93 |
| Ulcer Index | 0.47% | 0.37% |
| Daily Std Dev | 3.50% | 2.87% |
| Max Drawdown | -30.11% | -36.67% |
| Current Drawdown | -0.50% | -0.37% |
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CPHYX vs. BCAAX - Expense Ratio Comparison
CPHYX has a 0.91% expense ratio, which is higher than BCAAX's 0.86% expense ratio.
Correlation
The correlation between CPHYX and BCAAX is 0.56, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Risk-Adjusted Performance
CPHYX vs. BCAAX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Principal High Yield Fund (CPHYX) and BrandywineGLOBAL - Corporate Credit Fund (BCAAX). 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
CPHYX vs. BCAAX - Dividend Comparison
CPHYX's dividend yield for the trailing twelve months is around 6.12%, less than BCAAX's 6.65% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CPHYX Principal High Yield Fund | 6.12% | 5.69% | 5.42% | 4.73% | 4.84% | 5.57% | 6.18% | 4.89% | 5.63% | 6.25% | 6.17% | 6.20% |
BCAAX BrandywineGLOBAL - Corporate Credit Fund | 6.65% | 6.24% | 5.45% | 2.48% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
CPHYX vs. BCAAX - Drawdown Comparison
The maximum CPHYX drawdown since its inception was -30.11%, smaller than the maximum BCAAX drawdown of -36.67%. Use the drawdown chart below to compare losses from any high point for CPHYX and BCAAX. For additional features, visit the drawdowns tool.
Volatility
CPHYX vs. BCAAX - Volatility Comparison
Principal High Yield Fund (CPHYX) has a higher volatility of 0.75% compared to BrandywineGLOBAL - Corporate Credit Fund (BCAAX) at 0.64%. This indicates that CPHYX's price experiences larger fluctuations and is considered to be riskier than BCAAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.