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MFHVX vs. PHYSX
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Key characteristics


MFHVXPHYSX
YTD Return9.56%9.63%
1Y Return14.21%14.88%
3Y Return (Ann)2.69%4.42%
5Y Return (Ann)5.02%6.19%
Sharpe Ratio5.535.12
Sortino Ratio9.658.42
Omega Ratio2.652.39
Calmar Ratio2.6712.16
Martin Ratio64.6861.10
Ulcer Index0.22%0.24%
Daily Std Dev2.57%2.90%
Max Drawdown-20.95%-19.86%
Current Drawdown0.00%0.00%

Correlation

-0.50.00.51.00.8

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.

Performance

MFHVX vs. PHYSX - Performance Comparison

The year-to-date returns for both investments are quite close, with MFHVX having a 9.56% return and PHYSX slightly higher at 9.63%. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.


0.00%1.00%2.00%3.00%4.00%5.00%6.00%JuneJulyAugustSeptemberOctoberNovember
5.04%
5.66%
MFHVX
PHYSX

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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.


MFHVX
Mesirow High Yield Fund
Expense ratio chart for MFHVX: current value at 1.43% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%1.43%
Expense ratio chart for PHYSX: current value at 0.86% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.86%

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.


MFHVX
Sharpe ratio
The chart of Sharpe ratio for MFHVX, currently valued at 5.53, compared to the broader market0.002.004.005.53
Sortino ratio
The chart of Sortino ratio for MFHVX, currently valued at 9.65, compared to the broader market0.005.0010.009.65
Omega ratio
The chart of Omega ratio for MFHVX, currently valued at 2.65, compared to the broader market1.002.003.004.002.65
Calmar ratio
The chart of Calmar ratio for MFHVX, currently valued at 2.67, compared to the broader market0.005.0010.0015.0020.002.67
Martin ratio
The chart of Martin ratio for MFHVX, currently valued at 64.68, compared to the broader market0.0020.0040.0060.0080.00100.0064.68
PHYSX
Sharpe ratio
The chart of Sharpe ratio for PHYSX, currently valued at 5.12, compared to the broader market0.002.004.005.12
Sortino ratio
The chart of Sortino ratio for PHYSX, currently valued at 8.42, compared to the broader market0.005.0010.008.42
Omega ratio
The chart of Omega ratio for PHYSX, currently valued at 2.39, compared to the broader market1.002.003.004.002.39
Calmar ratio
The chart of Calmar ratio for PHYSX, currently valued at 12.15, compared to the broader market0.005.0010.0015.0020.0012.16
Martin ratio
The chart of Martin ratio for PHYSX, currently valued at 61.10, compared to the broader market0.0020.0040.0060.0080.00100.0061.10

MFHVX vs. PHYSX - Sharpe Ratio Comparison

The current MFHVX Sharpe Ratio is 5.53, which is comparable to the PHYSX Sharpe Ratio of 5.12. The chart below compares the historical Sharpe Ratios of MFHVX and PHYSX, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.


Rolling 12-month Sharpe Ratio3.504.004.505.005.50JuneJulyAugustSeptemberOctoberNovember
5.53
5.12
MFHVX
PHYSX

Dividends

MFHVX vs. PHYSX - Dividend Comparison

MFHVX's dividend yield for the trailing twelve months is around 9.28%, more than PHYSX's 7.49% yield.


TTM20232022202120202019201820172016201520142013
MFHVX
Mesirow High Yield Fund
9.28%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.


-1.20%-1.00%-0.80%-0.60%-0.40%-0.20%0.00%JuneJulyAugustSeptemberOctoberNovember00
MFHVX
PHYSX

Volatility

MFHVX vs. PHYSX - Volatility Comparison

Mesirow High Yield Fund (MFHVX) has a higher volatility of 0.69% compared to PIA High Yield Fund (PHYSX) at 0.61%. 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.


0.40%0.60%0.80%1.00%1.20%JuneJulyAugustSeptemberOctoberNovember
0.69%
0.61%
MFHVX
PHYSX