MFHVX vs. AXSIX
Compare and contrast key facts about Mesirow High Yield Fund (MFHVX) and Axonic Strategic Income Fund (AXSIX).
MFHVX is managed by Mesirow. It was launched on Dec 3, 2018. AXSIX is managed by Axonic. It was launched on Dec 29, 2019.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: MFHVX or AXSIX.
Key characteristics
| MFHVX | AXSIX | |
|---|---|---|
| YTD Return | 9.56% | 8.67% |
| 1Y Return | 14.21% | 10.94% |
| 3Y Return (Ann) | 2.69% | 3.41% |
| Sharpe Ratio | 5.53 | 4.35 |
| Sortino Ratio | 9.65 | 11.23 |
| Omega Ratio | 2.65 | 2.97 |
| Calmar Ratio | 2.67 | 12.14 |
| Martin Ratio | 64.68 | 51.61 |
| Ulcer Index | 0.22% | 0.21% |
| Daily Std Dev | 2.57% | 2.45% |
| Max Drawdown | -20.95% | -12.55% |
| Current Drawdown | 0.00% | -0.33% |
Correlation
The correlation between MFHVX and AXSIX is 0.27, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Performance
MFHVX vs. AXSIX - Performance Comparison
In the year-to-date period, MFHVX achieves a 9.56% return, which is significantly higher than AXSIX's 8.67% 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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MFHVX vs. AXSIX - Expense Ratio Comparison
MFHVX has a 1.43% expense ratio, which is higher than AXSIX's 1.00% expense ratio.
Risk-Adjusted Performance
MFHVX vs. AXSIX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Mesirow High Yield Fund (MFHVX) and Axonic Strategic Income Fund (AXSIX). 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
MFHVX vs. AXSIX - Dividend Comparison
MFHVX's dividend yield for the trailing twelve months is around 9.28%, more than AXSIX's 8.15% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|
MFHVX Mesirow High Yield Fund | 9.28% | 9.67% | 8.96% | 6.49% | 7.00% | 6.79% | 0.45% |
AXSIX Axonic Strategic Income Fund | 8.15% | 8.55% | 5.35% | 6.43% | 1.30% | 0.00% | 0.00% |
Drawdowns
MFHVX vs. AXSIX - Drawdown Comparison
The maximum MFHVX drawdown since its inception was -20.95%, which is greater than AXSIX's maximum drawdown of -12.55%. Use the drawdown chart below to compare losses from any high point for MFHVX and AXSIX. For additional features, visit the drawdowns tool.
Volatility
MFHVX vs. AXSIX - Volatility Comparison
The current volatility for Mesirow High Yield Fund (MFHVX) is 0.69%, while Axonic Strategic Income Fund (AXSIX) has a volatility of 0.78%. This indicates that MFHVX experiences smaller price fluctuations and is considered to be less risky than AXSIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.