MFHVX vs. PIAMX
Compare and contrast key facts about Mesirow High Yield Fund (MFHVX) and PIA High Yield (MACS) Fund (PIAMX).
MFHVX is managed by Mesirow. It was launched on Dec 3, 2018. PIAMX is managed by PIA Mutual Funds. It was launched on Dec 26, 2017.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: MFHVX or PIAMX.
Key characteristics
| MFHVX | PIAMX | |
|---|---|---|
| YTD Return | 8.12% | 8.65% |
| 1Y Return | 12.69% | 13.75% |
| 3Y Return (Ann) | 3.12% | 4.41% |
| 5Y Return (Ann) | 5.52% | 6.38% |
| Sharpe Ratio | 4.49 | 4.22 |
| Daily Std Dev | 2.83% | 3.23% |
| Max Drawdown | -20.95% | -18.15% |
| Current Drawdown | 0.00% | 0.00% |
Correlation
The correlation between MFHVX and PIAMX is 0.77, 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. PIAMX - Performance Comparison
In the year-to-date period, MFHVX achieves a 8.12% return, which is significantly lower than PIAMX's 8.65% 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. PIAMX - Expense Ratio Comparison
MFHVX has a 1.43% expense ratio, which is higher than PIAMX's 0.20% expense ratio.
Risk-Adjusted Performance
MFHVX vs. PIAMX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Mesirow High Yield Fund (MFHVX) and PIA High Yield (MACS) Fund (PIAMX). 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. PIAMX - Dividend Comparison
MFHVX's dividend yield for the trailing twelve months is around 9.43%, more than PIAMX's 8.19% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|
MFHVX Mesirow High Yield Fund | 9.43% | 9.66% | 8.96% | 8.44% | 7.30% | 8.61% | 0.45% | 0.00% |
PIAMX PIA High Yield (MACS) Fund | 8.19% | 8.12% | 8.71% | 8.64% | 6.63% | 6.96% | 7.14% | 0.06% |
Drawdowns
MFHVX vs. PIAMX - Drawdown Comparison
The maximum MFHVX drawdown since its inception was -20.95%, which is greater than PIAMX's maximum drawdown of -18.15%. Use the drawdown chart below to compare losses from any high point for MFHVX and PIAMX. For additional features, visit the drawdowns tool.
Volatility
MFHVX vs. PIAMX - Volatility Comparison
Mesirow High Yield Fund (MFHVX) and PIA High Yield (MACS) Fund (PIAMX) have volatilities of 0.52% and 0.54%, 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.