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
Returns By Period
The year-to-date returns for both investments are quite close, with MFHVX having a 9.31% return and PHYSX slightly higher at 9.63%.
MFHVX
9.31%
0.40%
4.42%
13.12%
5.04%
N/A
PHYSX
9.63%
0.60%
5.55%
13.69%
6.27%
5.42%
Key characteristics
| MFHVX | PHYSX | |
|---|---|---|
| Sharpe Ratio | 5.20 | 4.91 |
| Sortino Ratio | 8.87 | 7.87 |
| Omega Ratio | 2.47 | 2.30 |
| Calmar Ratio | 2.91 | 12.50 |
| Martin Ratio | 59.27 | 57.22 |
| Ulcer Index | 0.22% | 0.24% |
| Daily Std Dev | 2.52% | 2.84% |
| Max Drawdown | -20.95% | -19.86% |
| Current Drawdown | -0.23% | -0.00% |
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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.
Correlation
The correlation between MFHVX and PHYSX is 0.76, 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.
Risk-Adjusted Performance
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.
Dividends
MFHVX vs. PHYSX - Dividend Comparison
MFHVX's dividend yield for the trailing twelve months is around 9.30%, more than PHYSX's 7.49% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MFHVX Mesirow High Yield Fund | 9.30% | 9.67% | 8.96% | 6.49% | 7.00% | 6.79% | 0.45% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
PHYSX PIA High Yield Fund | 7.49% | 7.40% | 8.23% | 6.13% | 6.30% | 6.61% | 6.52% | 6.39% | 6.10% | 6.41% | 5.82% | 6.08% |
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. For additional features, visit the drawdowns tool.
Volatility
MFHVX vs. PHYSX - Volatility Comparison
Mesirow High Yield Fund (MFHVX) and PIA High Yield Fund (PHYSX) have volatilities of 0.60% and 0.60%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.