CYBIX vs. RCRYX
CYBIX (Calvert High Yield Bond Fund) and RCRYX (Pioneer Corporate High Yield Fund) are both High Yield Bonds funds. Over the past 10 years, CYBIX returned 4.28%/yr vs 4.07%/yr for RCRYX. A 0.65 correlation means they provide meaningful diversification when combined. CYBIX charges 0.76%/yr vs 0.60%/yr for RCRYX.
Performance
CYBIX vs. RCRYX - Performance Comparison
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Returns By Period
In the year-to-date period, CYBIX achieves a 0.48% return, which is significantly lower than RCRYX's 1.69% return. Both investments have delivered pretty close results over the past 10 years, with CYBIX having a 4.28% annualized return and RCRYX not far behind at 4.07%.
CYBIX
- 1D
- -0.12%
- 1M
- 0.70%
- YTD
- 0.48%
- 6M
- 1.13%
- 1Y
- 5.00%
- 3Y*
- 7.10%
- 5Y*
- 2.73%
- 10Y*
- 4.28%
RCRYX
- 1D
- -0.12%
- 1M
- 0.11%
- YTD
- 1.69%
- 6M
- 2.16%
- 1Y
- 6.14%
- 3Y*
- 7.72%
- 5Y*
- 2.74%
- 10Y*
- 4.07%
CYBIX vs. RCRYX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
CYBIX Calvert High Yield Bond Fund | 0.48% | 7.73% | 6.70% | 10.02% | -11.50% | 3.66% | 5.46% | 12.82% | -2.53% | 6.09% |
RCRYX Pioneer Corporate High Yield Fund | 1.69% | 7.00% | 8.07% | 8.30% | -12.08% | 5.65% | 4.25% | 9.77% | -2.08% | 5.67% |
Correlation
The correlation between CYBIX and RCRYX is 0.33, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.33 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.65 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.78 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.71 |
Correlation (All Time) Calculated using the full available price history since Jan 3, 2012 | 0.65 |
Over the past year, the correlation between CYBIX and RCRYX has dropped to 0.33 - well below their long-term average of 0.65, suggesting their price drivers have been diverging.
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Return for Risk
CYBIX vs. RCRYX — Risk / Return Rank
CYBIX
RCRYX
CYBIX vs. RCRYX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Calvert High Yield Bond Fund (CYBIX) and Pioneer Corporate High Yield Fund (RCRYX). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| CYBIX | RCRYX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.40 | ||
| Sortino ratioReturn per unit of downside risk | +0.92 | ||
| Omega ratioGain probability vs. loss probability | 1.37 | 1.59 | -0.22 |
| Calmar ratioReturn relative to maximum drawdown | 2.00 | 1.91 | +0.09 |
| Martin ratioReturn relative to average drawdown | 10.63 | 17.54 | -6.91 |
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Drawdowns
CYBIX vs. RCRYX - Drawdown Comparison
The maximum CYBIX drawdown since its inception was -32.13%, which is greater than RCRYX's maximum drawdown of -21.13%. Use the drawdown chart below to compare losses from any high point for CYBIX and RCRYX.
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Drawdown Indicators
| CYBIX | RCRYX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -32.13% | -21.13% | -11.00% |
Max Drawdown (1Y)Largest decline over 1 year | -2.60% | -3.23% | +0.63% |
Max Drawdown (3Y)Largest decline over 3 years | -3.62% | -3.94% | +0.32% |
Max Drawdown (5Y)Largest decline over 5 years | -14.95% | -14.92% | -0.03% |
Max Drawdown (10Y)Largest decline over 10 years | -17.55% | -21.13% | +3.58% |
Current DrawdownCurrent decline from peak | -0.29% | -0.83% | +0.54% |
Average DrawdownAverage peak-to-trough decline | -3.34% | -2.43% | -0.91% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.49% | 0.35% | +0.14% |
Volatility
CYBIX vs. RCRYX - Volatility Comparison
The current volatility for Calvert High Yield Bond Fund (CYBIX) is 0.88%, while Pioneer Corporate High Yield Fund (RCRYX) has a volatility of 0.99%. This indicates that CYBIX experiences smaller price fluctuations and is considered to be less risky than RCRYX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CYBIX | RCRYX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.88% | 0.99% | -0.11% |
Volatility (6M)Calculated over the trailing 6-month period | 2.50% | 4.55% | -2.05% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.09% | 4.81% | -1.72% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.57% | 4.58% | -0.01% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.61% | 4.69% | -0.08% |
CYBIX vs. RCRYX - Expense Ratio Comparison
CYBIX has a 0.76% expense ratio, which is higher than RCRYX's 0.60% expense ratio.
Dividends
CYBIX vs. RCRYX - Dividend Comparison
CYBIX's dividend yield for the trailing twelve months is around 5.83%, more than RCRYX's 5.26% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CYBIX Calvert High Yield Bond Fund | 5.83% | 5.44% | 5.25% | 4.47% | 4.12% | 4.22% | 4.49% | 4.98% | 5.20% | 4.92% | 5.51% | 5.78% |
RCRYX Pioneer Corporate High Yield Fund | 5.26% | 5.39% | 5.13% | 3.95% | 4.45% | 4.71% | 4.76% | 4.51% | 4.44% | 5.01% | 6.44% | 4.43% |
Frequently Asked Questions
CYBIX and RCRYX have a correlation of 0.33, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
RCRYX has higher volatility (0.99%) compared to CYBIX (0.88%). In terms of maximum drawdown, CYBIX dropped -32.13% vs RCRYX's -21.13%.
CYBIX currently has the higher Sharpe Ratio (1.69 vs 1.29), 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.
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