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.
Key characteristics
| GHYIX | HIMYX | |
|---|---|---|
| YTD Return | 1.46% | -0.80% |
| 1Y Return | 5.48% | 1.68% |
| 3Y Return (Ann) | -1.02% | -2.07% |
| 5Y Return (Ann) | 1.56% | 0.60% |
| 10Y Return (Ann) | 4.00% | 3.29% |
| Sharpe Ratio | 1.01 | 0.33 |
| Daily Std Dev | 5.32% | 5.10% |
| Max Drawdown | -32.25% | -34.96% |
| Current Drawdown | -5.71% | -9.26% |
Correlation
The correlation between GHYIX and HIMYX is 0.68, 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.
Performance
GHYIX vs. HIMYX - Performance Comparison
In the year-to-date period, GHYIX achieves a 1.46% return, which is significantly higher than HIMYX's -0.80% return. Over the past 10 years, GHYIX has outperformed HIMYX with an annualized return of 4.00%, while HIMYX has yielded a comparatively lower 3.29% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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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 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.
Dividends
GHYIX vs. HIMYX - Dividend Comparison
GHYIX's dividend yield for the trailing twelve months is around 4.34%, less than HIMYX's 5.76% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GHYIX Goldman Sachs High Yield Municipal Fund Institutional Class | 4.34% | 4.31% | 4.07% | 3.06% | 3.43% | 2.01% | 4.12% | 4.36% | 4.84% | 4.90% | 4.84% | 5.22% |
HIMYX Pioneer High Income Municipal Fund | 5.76% | 5.94% | 4.48% | 3.61% | 3.96% | 4.96% | 5.19% | 5.05% | 5.71% | 5.70% | 5.91% | 6.65% |
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. For additional features, visit the drawdowns tool.
Volatility
GHYIX vs. HIMYX - Volatility Comparison
The current volatility for Goldman Sachs High Yield Municipal Fund Institutional Class (GHYIX) is 1.03%, while Pioneer High Income Municipal Fund (HIMYX) has a volatility of 1.22%. This indicates that GHYIX experiences smaller price fluctuations and is considered to be less risky than HIMYX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.