Correlation
The correlation between GHYIX and HIMYX is -0.03. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.
GHYIX vs. HIMYX
Compare and contrast key facts about Goldman Sachs High Yield Municipal Fund Institutional Class (GHYIX) and Pioneer High Income Municipal Fund (HIMYX).
GHYIX is managed by Goldman Sachs. It was launched on Apr 3, 2000. HIMYX is managed by Amundi US. It was launched on Oct 15, 2006.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: GHYIX or HIMYX.
Performance
GHYIX vs. HIMYX - Performance Comparison
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Key characteristics
GHYIX:
0.44
HIMYX:
0.73
GHYIX:
0.52
HIMYX:
1.00
GHYIX:
1.09
HIMYX:
1.21
GHYIX:
0.37
HIMYX:
0.47
GHYIX:
1.25
HIMYX:
3.11
GHYIX:
2.05%
HIMYX:
1.73%
GHYIX:
6.90%
HIMYX:
7.68%
GHYIX:
-32.25%
HIMYX:
-34.96%
GHYIX:
-4.16%
HIMYX:
-6.52%
Returns By Period
In the year-to-date period, GHYIX achieves a -2.34% return, which is significantly higher than HIMYX's -2.66% return. Over the past 10 years, GHYIX has outperformed HIMYX with an annualized return of 3.78%, while HIMYX has yielded a comparatively lower 2.86% annualized return.
GHYIX
-2.34%
-0.78%
-3.73%
3.01%
2.07%
2.55%
3.78%
HIMYX
-2.66%
-1.34%
-2.88%
5.57%
0.84%
1.44%
2.86%
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GHYIX vs. HIMYX - Expense Ratio Comparison
GHYIX has a 0.54% expense ratio, which is lower than HIMYX's 0.55% expense ratio.
Risk-Adjusted Performance
GHYIX vs. HIMYX — Risk-Adjusted Performance Rank
GHYIX
HIMYX
GHYIX vs. HIMYX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Goldman Sachs High Yield Municipal Fund Institutional Class (GHYIX) and Pioneer High Income Municipal Fund (HIMYX). 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.
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Dividends
GHYIX vs. HIMYX - Dividend Comparison
GHYIX's dividend yield for the trailing twelve months is around 4.57%, less than HIMYX's 5.25% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GHYIX Goldman Sachs High Yield Municipal Fund Institutional Class | 4.57% | 4.36% | 4.29% | 4.08% | 3.07% | 3.45% | 3.74% | 4.12% | 4.36% | 4.84% | 4.90% | 4.84% |
HIMYX Pioneer High Income Municipal Fund | 5.25% | 4.89% | 5.37% | 4.45% | 3.71% | 3.92% | 4.93% | 5.22% | 5.06% | 5.71% | 5.70% | 5.91% |
Drawdowns
GHYIX vs. HIMYX - Drawdown Comparison
The maximum GHYIX drawdown since its inception was -32.25%, smaller than the maximum HIMYX drawdown of -34.96%. Use the drawdown chart below to compare losses from any high point for GHYIX and HIMYX.
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Volatility
GHYIX vs. HIMYX - Volatility Comparison
Goldman Sachs High Yield Municipal Fund Institutional Class (GHYIX) and Pioneer High Income Municipal Fund (HIMYX) have volatilities of 0.94% and 0.93%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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