Correlation
The correlation between MFHVX and PHYSX is 0.42, 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.
MFHVX vs. PHYSX
Compare and contrast key facts about Mesirow High Yield Fund (MFHVX) and PIA High Yield Fund (PHYSX).
MFHVX is managed by Mesirow. It was launched on Dec 3, 2018. PHYSX is managed by PIA Mutual Funds. It was launched on Dec 31, 2010.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: MFHVX or PHYSX.
Performance
MFHVX vs. PHYSX - Performance Comparison
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Key characteristics
MFHVX:
1.16
PHYSX:
1.31
MFHVX:
1.50
PHYSX:
1.55
MFHVX:
1.27
PHYSX:
1.28
MFHVX:
0.82
PHYSX:
0.81
MFHVX:
3.13
PHYSX:
3.01
MFHVX:
1.34%
PHYSX:
1.64%
MFHVX:
3.75%
PHYSX:
4.10%
MFHVX:
-20.95%
PHYSX:
-19.86%
MFHVX:
-2.06%
PHYSX:
-1.94%
Returns By Period
In the year-to-date period, MFHVX achieves a -0.62% return, which is significantly higher than PHYSX's -1.23% return.
MFHVX
-0.62%
0.99%
-0.75%
4.19%
5.69%
7.71%
N/A
PHYSX
-1.23%
1.88%
-1.23%
5.24%
7.00%
7.45%
5.13%
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MFHVX vs. PHYSX - Expense Ratio Comparison
MFHVX has a 1.43% expense ratio, which is higher than PHYSX's 0.86% expense ratio.
Risk-Adjusted Performance
MFHVX vs. PHYSX — Risk-Adjusted Performance Rank
MFHVX
PHYSX
MFHVX vs. PHYSX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Mesirow High Yield Fund (MFHVX) and PIA High Yield Fund (PHYSX). 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. PHYSX - Dividend Comparison
MFHVX's dividend yield for the trailing twelve months is around 8.23%, more than PHYSX's 8.01% yield.
TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
MFHVX Mesirow High Yield Fund | 8.23% | 9.00% | 9.67% | 8.96% | 8.45% | 7.31% | 8.62% | 0.45% | 0.00% | 0.00% | 0.00% | 0.00% |
PHYSX PIA High Yield Fund | 8.01% | 7.65% | 7.42% | 8.23% | 6.14% | 6.31% | 6.76% | 6.51% | 6.37% | 6.10% | 6.40% | 6.32% |
Drawdowns
MFHVX vs. PHYSX - Drawdown Comparison
The maximum MFHVX drawdown since its inception was -20.95%, which is greater than PHYSX's maximum drawdown of -19.86%. Use the drawdown chart below to compare losses from any high point for MFHVX and PHYSX.
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Volatility
MFHVX vs. PHYSX - Volatility Comparison
Mesirow High Yield Fund (MFHVX) has a higher volatility of 1.61% compared to PIA High Yield Fund (PHYSX) at 1.35%. This indicates that MFHVX's price experiences larger fluctuations and is considered to be riskier than PHYSX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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