HIMYX vs. GHYIX
Compare and contrast key facts about Pioneer High Income Municipal Fund (HIMYX) and Goldman Sachs High Yield Municipal Fund Institutional Class (GHYIX).
HIMYX is managed by Amundi US. It was launched on Oct 15, 2006. GHYIX is managed by Goldman Sachs. It was launched on Apr 3, 2000.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: HIMYX or GHYIX.
Key characteristics
| HIMYX | GHYIX | |
|---|---|---|
| YTD Return | -0.63% | 1.57% |
| 1Y Return | 1.85% | 5.48% |
| 3Y Return (Ann) | -2.02% | -0.99% |
| 5Y Return (Ann) | 0.64% | 1.56% |
| 10Y Return (Ann) | 3.31% | 4.01% |
| Sharpe Ratio | 0.36 | 1.06 |
| Daily Std Dev | 5.09% | 5.31% |
| Max Drawdown | -34.96% | -32.25% |
| Current Drawdown | -9.11% | -5.61% |
Correlation
The correlation between HIMYX and GHYIX 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
HIMYX vs. GHYIX - Performance Comparison
In the year-to-date period, HIMYX achieves a -0.63% return, which is significantly lower than GHYIX's 1.57% return. Over the past 10 years, HIMYX has underperformed GHYIX with an annualized return of 3.31%, while GHYIX has yielded a comparatively higher 4.01% 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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HIMYX vs. GHYIX - Expense Ratio Comparison
HIMYX has a 0.55% expense ratio, which is higher than GHYIX's 0.54% expense ratio.
Risk-Adjusted Performance
HIMYX vs. GHYIX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Pioneer High Income Municipal Fund (HIMYX) and Goldman Sachs High Yield Municipal Fund Institutional Class (GHYIX). 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
HIMYX vs. GHYIX - Dividend Comparison
HIMYX's dividend yield for the trailing twelve months is around 5.75%, more than GHYIX's 4.34% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
HIMYX Pioneer High Income Municipal Fund | 5.75% | 5.94% | 4.48% | 3.61% | 3.96% | 4.96% | 5.19% | 5.05% | 5.71% | 5.70% | 5.91% | 6.65% |
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% |
Drawdowns
HIMYX vs. GHYIX - Drawdown Comparison
The maximum HIMYX drawdown since its inception was -34.96%, which is greater than GHYIX's maximum drawdown of -32.25%. Use the drawdown chart below to compare losses from any high point for HIMYX and GHYIX. For additional features, visit the drawdowns tool.
Volatility
HIMYX vs. GHYIX - Volatility Comparison
Pioneer High Income Municipal Fund (HIMYX) has a higher volatility of 1.17% compared to Goldman Sachs High Yield Municipal Fund Institutional Class (GHYIX) at 1.02%. This indicates that HIMYX's price experiences larger fluctuations and is considered to be riskier than GHYIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.