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HICSX vs. PBXIX
Performance
Return for Risk
Dividends
Drawdowns
Volatility

Performance

HICSX vs. PBXIX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Harbor Convertible Securities Fund (HICSX) and Rational/Pier 88 Convertible Securities Fund (PBXIX). The values are adjusted to include any dividend payments, if applicable.

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HICSX vs. PBXIX - Yearly Performance Comparison


2026 (YTD)2025202420232022202120202019
HICSX
Harbor Convertible Securities Fund
0.67%19.99%12.36%10.37%-15.55%2.07%31.41%1.45%
PBXIX
Rational/Pier 88 Convertible Securities Fund
-2.92%2.12%8.23%3.28%-10.82%10.23%17.09%1.70%

Returns By Period

In the year-to-date period, HICSX achieves a 0.67% return, which is significantly higher than PBXIX's -2.92% return.


HICSX

1D
-1.75%
1M
-5.41%
YTD
0.67%
6M
3.67%
1Y
23.20%
3Y*
13.71%
5Y*
4.92%
10Y*
8.54%

PBXIX

1D
-0.29%
1M
-4.31%
YTD
-2.92%
6M
-2.93%
1Y
1.01%
3Y*
3.97%
5Y*
1.30%
10Y*
*Multi-year figures are annualized to reflect compound growth (CAGR)

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HICSX vs. PBXIX - Expense Ratio Comparison

HICSX has a 1.12% expense ratio, which is higher than PBXIX's 0.99% expense ratio.


Return for Risk

HICSX vs. PBXIX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

HICSX
HICSX Risk / Return Rank: 8686
Overall Rank
HICSX Sharpe Ratio Rank: 8484
Sharpe Ratio Rank
HICSX Sortino Ratio Rank: 8484
Sortino Ratio Rank
HICSX Omega Ratio Rank: 7676
Omega Ratio Rank
HICSX Calmar Ratio Rank: 9494
Calmar Ratio Rank
HICSX Martin Ratio Rank: 9494
Martin Ratio Rank

PBXIX
PBXIX Risk / Return Rank: 77
Overall Rank
PBXIX Sharpe Ratio Rank: 77
Sharpe Ratio Rank
PBXIX Sortino Ratio Rank: 66
Sortino Ratio Rank
PBXIX Omega Ratio Rank: 66
Omega Ratio Rank
PBXIX Calmar Ratio Rank: 88
Calmar Ratio Rank
PBXIX Martin Ratio Rank: 88
Martin Ratio Rank
The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

HICSX vs. PBXIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Harbor Convertible Securities Fund (HICSX) and Rational/Pier 88 Convertible Securities Fund (PBXIX). 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.


HICSXPBXIXDifference

Sharpe ratio

Return per unit of total volatility

1.62

0.12

+1.50

Sortino ratio

Return per unit of downside risk

2.22

0.22

+2.00

Omega ratio

Gain probability vs. loss probability

1.29

1.03

+0.26

Calmar ratio

Return relative to maximum drawdown

3.07

0.09

+2.98

Martin ratio

Return relative to average drawdown

12.11

0.32

+11.79

HICSX vs. PBXIX - Sharpe Ratio Comparison

The current HICSX Sharpe Ratio is 1.62, which is higher than the PBXIX Sharpe Ratio of 0.12. The chart below compares the historical Sharpe Ratios of HICSX and PBXIX, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.


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Sharpe Ratios by Period


HICSXPBXIXDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

1.62

0.12

+1.50

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.45

0.15

+0.30

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.81

Sharpe Ratio (All Time)

Calculated using the full available price history

0.74

0.37

+0.38

Correlation

The correlation between HICSX and PBXIX is 0.84, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.


Dividends

HICSX vs. PBXIX - Dividend Comparison

HICSX's dividend yield for the trailing twelve months is around 1.58%, less than PBXIX's 6.05% yield.


TTM20252024202320222021202020192018201720162015
HICSX
Harbor Convertible Securities Fund
1.58%1.95%3.22%2.91%0.44%14.09%9.57%3.61%6.45%10.65%0.98%3.95%
PBXIX
Rational/Pier 88 Convertible Securities Fund
6.05%3.48%2.14%2.22%2.25%7.56%1.77%0.00%0.00%0.00%0.00%0.00%

Drawdowns

HICSX vs. PBXIX - Drawdown Comparison

The maximum HICSX drawdown since its inception was -23.68%, roughly equal to the maximum PBXIX drawdown of -24.03%. Use the drawdown chart below to compare losses from any high point for HICSX and PBXIX.


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Drawdown Indicators


HICSXPBXIXDifference

Max Drawdown

Largest peak-to-trough decline

-23.68%

-24.03%

+0.35%

Max Drawdown (1Y)

Largest decline over 1 year

-6.92%

-5.74%

-1.18%

Max Drawdown (5Y)

Largest decline over 5 years

-22.03%

-15.57%

-6.46%

Max Drawdown (10Y)

Largest decline over 10 years

-23.68%

Current Drawdown

Current decline from peak

-6.92%

-5.16%

-1.76%

Average Drawdown

Average peak-to-trough decline

-4.82%

-5.65%

+0.83%

Ulcer Index

Depth and duration of drawdowns from previous peaks

1.75%

1.54%

+0.21%

Volatility

HICSX vs. PBXIX - Volatility Comparison

Harbor Convertible Securities Fund (HICSX) has a higher volatility of 6.02% compared to Rational/Pier 88 Convertible Securities Fund (PBXIX) at 2.16%. This indicates that HICSX's price experiences larger fluctuations and is considered to be riskier than PBXIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.


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Volatility by Period


HICSXPBXIXDifference

Volatility (1M)

Calculated over the trailing 1-month period

6.02%

2.16%

+3.86%

Volatility (6M)

Calculated over the trailing 6-month period

11.54%

4.96%

+6.58%

Volatility (1Y)

Calculated over the trailing 1-year period

14.15%

8.50%

+5.65%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

11.02%

8.63%

+2.39%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

10.61%

11.57%

-0.96%