GHY vs. XILSX
GHY (PGIM Global High Yield Fund) and XILSX (Pioneer ILS Interval Fund) are both High Yield Bonds funds. Over the past 5 years, GHY returned 5.02%/yr vs 12.51%/yr for XILSX. At a 0.00 correlation, their price movements are largely independent. GHY charges 0.03%/yr vs 1.88%/yr for XILSX.
Performance
GHY vs. XILSX - Performance Comparison
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Returns By Period
In the year-to-date period, GHY achieves a 1.61% return, which is significantly lower than XILSX's 9.42% return.
GHY
- 1D
- 0.76%
- 1M
- 1.74%
- 6M
- -0.88%
- YTD
- 1.61%
- 1Y
- -2.10%
- 3Y*
- 13.18%
- 5Y*
- 5.02%
- 10Y*
- 7.03%
XILSX
- 1D
- 0.00%
- 1M
- 1.05%
- 6M
- 8.86%
- YTD
- 9.42%
- 1Y
- 24.45%
- 3Y*
- 19.36%
- 5Y*
- 12.51%
- 10Y*
- —
GHY vs. XILSX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
GHY PGIM Global High Yield Fund | 1.61% | 10.46% | 20.25% | 17.29% | -20.04% | 12.73% | 6.33% | 26.51% | -3.54% | 3.00% |
XILSX Pioneer ILS Interval Fund | 9.42% | 18.70% | 18.93% | 18.65% | 1.23% | -1.10% | 7.37% | 2.60% | -2.11% | -8.83% |
Correlation
The correlation between GHY and XILSX is -0.03, 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 | -0.03 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.03 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.02 |
Correlation (All Time) Calculated using the full available price history since Feb 1, 2017 | 0.00 |
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Return for Risk
GHY vs. XILSX — Risk / Return Rank
GHY
XILSX
GHY vs. XILSX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for PGIM Global High Yield Fund (GHY) 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.
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.
| GHY | XILSX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -8.22 | ||
| Sortino ratioReturn per unit of downside risk | -80.37 | ||
| Omega ratioGain probability vs. loss probability | 0.98 | 42.66 | -41.69 |
| Calmar ratioReturn relative to maximum drawdown | -0.18 | 116.27 | -116.45 |
| Martin ratioReturn relative to average drawdown | -0.46 | 793.75 | -794.20 |
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Drawdowns
GHY vs. XILSX - Drawdown Comparison
The maximum GHY drawdown since its inception was -41.35%, which is greater than XILSX's maximum drawdown of -14.53%. Use the drawdown chart below to compare losses from any high point for GHY and XILSX.
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Drawdown Indicators
| GHY | XILSX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -41.35% | -14.53% | -26.82% |
Max Drawdown (1Y)Largest decline over 1 year | -11.94% | -0.21% | -11.73% |
Max Drawdown (3Y)Largest decline over 3 years | -16.36% | -2.36% | -14.00% |
Max Drawdown (5Y)Largest decline over 5 years | -29.50% | -6.27% | -23.23% |
Max Drawdown (10Y)Largest decline over 10 years | -41.35% | — | — |
Current DrawdownCurrent decline from peak | -3.66% | 0.00% | -3.66% |
Average DrawdownAverage peak-to-trough decline | -6.01% | -4.85% | -1.16% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.62% | 0.03% | +4.59% |
Volatility
GHY vs. XILSX - Volatility Comparison
PGIM Global High Yield Fund (GHY) has a higher volatility of 3.35% compared to Pioneer ILS Interval Fund (XILSX) at 0.49%. This indicates that GHY'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.
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Volatility by Period
| GHY | XILSX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.35% | 0.49% | +2.86% |
Volatility (6M)Calculated over the trailing 6-month period | 8.66% | 1.56% | +7.10% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.04% | 3.06% | +7.98% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.28% | 3.77% | +10.51% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.34% | 3.91% | +11.43% |
GHY vs. XILSX - Expense Ratio Comparison
GHY has a 0.03% expense ratio, which is lower than XILSX's 1.88% expense ratio.
Dividends
GHY vs. XILSX - Dividend Comparison
GHY's dividend yield for the trailing twelve months is around 10.59%, more than XILSX's 8.69% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GHY PGIM Global High Yield Fund | 10.59% | 10.21% | 10.23% | 11.09% | 11.62% | 8.35% | 8.67% | 8.04% | 7.72% | 7.77% | 8.53% | 10.07% |
XILSX Pioneer ILS Interval Fund | 8.69% | 9.51% | 13.06% | 12.82% | 2.68% | 2.04% | 5.20% | 6.63% | 6.40% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
GHY and XILSX have a correlation of -0.03, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
GHY has higher volatility (3.35%) compared to XILSX (0.49%). In terms of maximum drawdown, GHY dropped -41.35% vs XILSX's -14.53%.
XILSX currently has the higher Sharpe Ratio (8.03 vs -0.19), 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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