Correlation
The correlation between MFHVX and AXSIX is 0.16, 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.
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.
Performance
MFHVX vs. AXSIX - Performance Comparison
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Key characteristics
MFHVX:
1.16
AXSIX:
3.07
MFHVX:
1.50
AXSIX:
6.60
MFHVX:
1.27
AXSIX:
1.95
MFHVX:
0.82
AXSIX:
9.23
MFHVX:
3.13
AXSIX:
23.81
MFHVX:
1.34%
AXSIX:
0.34%
MFHVX:
3.75%
AXSIX:
2.66%
MFHVX:
-20.95%
AXSIX:
-12.55%
MFHVX:
-2.06%
AXSIX:
-0.33%
Returns By Period
In the year-to-date period, MFHVX achieves a -0.62% return, which is significantly lower than AXSIX's 2.74% return.
MFHVX
-0.62%
0.99%
-0.75%
4.19%
5.69%
7.71%
N/A
AXSIX
2.74%
-0.22%
2.73%
7.88%
6.40%
6.35%
N/A
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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 Rank
MFHVX
AXSIX
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.
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Dividends
MFHVX vs. AXSIX - Dividend Comparison
MFHVX's dividend yield for the trailing twelve months is around 8.23%, more than AXSIX's 7.61% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|
MFHVX Mesirow High Yield Fund | 8.23% | 9.00% | 9.67% | 8.96% | 8.45% | 7.31% | 8.62% | 0.45% |
AXSIX Axonic Strategic Income Fund | 7.61% | 7.59% | 8.55% | 5.61% | 8.54% | 1.84% | 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.
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Volatility
MFHVX vs. AXSIX - Volatility Comparison
Mesirow High Yield Fund (MFHVX) has a higher volatility of 1.61% compared to Axonic Strategic Income Fund (AXSIX) at 0.52%. This indicates that MFHVX's price experiences larger fluctuations and is considered to be riskier than AXSIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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