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

Correlation

The correlation between MFHVX and PIAMX 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.


-0.50.00.51.00.8

Performance

MFHVX vs. PIAMX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Mesirow High Yield Fund (MFHVX) and PIA High Yield (MACS) Fund (PIAMX). The values are adjusted to include any dividend payments, if applicable.

30.00%35.00%40.00%45.00%50.00%JulyAugustSeptemberOctoberNovemberDecember
36.04%
48.29%
MFHVX
PIAMX

Key characteristics

Sharpe Ratio

MFHVX:

3.83

PIAMX:

4.34

Sortino Ratio

MFHVX:

5.67

PIAMX:

6.36

Omega Ratio

MFHVX:

1.94

PIAMX:

2.03

Calmar Ratio

MFHVX:

5.23

PIAMX:

9.69

Martin Ratio

MFHVX:

36.73

PIAMX:

46.17

Ulcer Index

MFHVX:

0.25%

PIAMX:

0.24%

Daily Std Dev

MFHVX:

2.42%

PIAMX:

2.59%

Max Drawdown

MFHVX:

-20.95%

PIAMX:

-18.15%

Current Drawdown

MFHVX:

-0.81%

PIAMX:

-0.57%

Returns By Period

In the year-to-date period, MFHVX achieves a 8.80% return, which is significantly lower than PIAMX's 10.93% return.


MFHVX

YTD

8.80%

1M

-0.47%

6M

3.32%

1Y

9.12%

5Y*

4.82%

10Y*

N/A

PIAMX

YTD

10.93%

1M

0.61%

6M

5.75%

1Y

11.50%

5Y*

6.46%

10Y*

N/A

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.


MFHVX vs. PIAMX - Expense Ratio Comparison

MFHVX has a 1.43% expense ratio, which is higher than PIAMX's 0.20% 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 PIAMX: current value at 0.20% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.20%

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.


Sharpe ratio
The chart of Sharpe ratio for MFHVX, currently valued at 3.83, compared to the broader market-1.000.001.002.003.004.003.834.34
The chart of Sortino ratio for MFHVX, currently valued at 5.67, compared to the broader market-2.000.002.004.006.008.0010.005.676.36
The chart of Omega ratio for MFHVX, currently valued at 1.94, compared to the broader market0.501.001.502.002.503.003.501.942.03
The chart of Calmar ratio for MFHVX, currently valued at 5.23, compared to the broader market0.002.004.006.008.0010.0012.0014.005.239.69
The chart of Martin ratio for MFHVX, currently valued at 36.73, compared to the broader market0.0020.0040.0060.0036.7346.17
MFHVX
PIAMX

The current MFHVX Sharpe Ratio is 3.83, which is comparable to the PIAMX Sharpe Ratio of 4.34. The chart below compares the historical Sharpe Ratios of MFHVX and PIAMX, 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 Ratio3.504.004.505.005.506.00JulyAugustSeptemberOctoberNovemberDecember
3.83
4.34
MFHVX
PIAMX

Dividends

MFHVX vs. PIAMX - Dividend Comparison

MFHVX's dividend yield for the trailing twelve months is around 8.49%, more than PIAMX's 8.33% yield.


TTM2023202220212020201920182017
MFHVX
Mesirow High Yield Fund
8.49%9.67%8.96%6.49%7.00%6.79%0.45%0.00%
PIAMX
PIA High Yield (MACS) Fund
8.33%8.12%8.72%7.03%6.63%6.74%6.66%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.


-1.20%-1.00%-0.80%-0.60%-0.40%-0.20%0.00%JulyAugustSeptemberOctoberNovemberDecember
-0.81%
-0.57%
MFHVX
PIAMX

Volatility

MFHVX vs. PIAMX - Volatility Comparison

Mesirow High Yield Fund (MFHVX) and PIA High Yield (MACS) Fund (PIAMX) have volatilities of 0.80% and 0.77%, 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.


0.40%0.60%0.80%1.00%1.20%JulyAugustSeptemberOctoberNovemberDecember
0.80%
0.77%
MFHVX
PIAMX
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Disclaimer

The information contained herein does not constitute investment advice and made available for educational purposes only. Prices and returns on equities are listed without consideration of fees, commissions, taxes, penalties, or interest payable due to purchasing, holding, or selling.

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