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

Correlation

The correlation between MFHVX and PIAMX 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.


-0.50.00.51.0
Correlation: 0.4

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.

35.00%40.00%45.00%NovemberDecember2025FebruaryMarchApril
33.94%
40.64%
MFHVX
PIAMX

Key characteristics

Sharpe Ratio

MFHVX:

1.03

PIAMX:

1.05

Sortino Ratio

MFHVX:

1.30

PIAMX:

1.30

Omega Ratio

MFHVX:

1.25

PIAMX:

1.24

Calmar Ratio

MFHVX:

0.72

PIAMX:

0.69

Martin Ratio

MFHVX:

3.12

PIAMX:

3.05

Ulcer Index

MFHVX:

1.18%

PIAMX:

1.40%

Daily Std Dev

MFHVX:

3.59%

PIAMX:

4.08%

Max Drawdown

MFHVX:

-20.95%

PIAMX:

-18.15%

Current Drawdown

MFHVX:

-3.81%

PIAMX:

-4.42%

Returns By Period

In the year-to-date period, MFHVX achieves a -2.39% return, which is significantly higher than PIAMX's -3.67% return.


MFHVX

YTD

-2.39%

1M

-2.05%

6M

-1.54%

1Y

3.54%

5Y*

8.40%

10Y*

N/A

PIAMX

YTD

-3.67%

1M

-2.26%

6M

-2.27%

1Y

4.15%

5Y*

7.96%

10Y*

N/A

*Annualized

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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.


Expense ratio chart for MFHVX: current value is 1.43%, compared with the broader market range of 0.00% to 2.12%.0.50%1.00%1.50%2.00%
MFHVX: 1.43%
Expense ratio chart for PIAMX: current value is 0.20%, compared with the broader market range of 0.00% to 2.12%.0.50%1.00%1.50%2.00%
PIAMX: 0.20%

Risk-Adjusted Performance

MFHVX vs. PIAMX — Risk-Adjusted Performance Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

MFHVX
The Risk-Adjusted Performance Rank of MFHVX is 7474
Overall Rank
The Sharpe Ratio Rank of MFHVX is 7575
Sharpe Ratio Rank
The Sortino Ratio Rank of MFHVX is 7272
Sortino Ratio Rank
The Omega Ratio Rank of MFHVX is 8181
Omega Ratio Rank
The Calmar Ratio Rank of MFHVX is 7575
Calmar Ratio Rank
The Martin Ratio Rank of MFHVX is 7070
Martin Ratio Rank

PIAMX
The Risk-Adjusted Performance Rank of PIAMX is 7474
Overall Rank
The Sharpe Ratio Rank of PIAMX is 7575
Sharpe Ratio Rank
The Sortino Ratio Rank of PIAMX is 7171
Sortino Ratio Rank
The Omega Ratio Rank of PIAMX is 7979
Omega Ratio Rank
The Calmar Ratio Rank of PIAMX is 7373
Calmar Ratio Rank
The Martin Ratio Rank of PIAMX is 6969
Martin Ratio Rank
The risk-adjusted ranks indicate the investment's position relative to the market. A rank closer to 100 signifies top-performing investments, while a rank closer to 0 might suggest underperformance, based on the selected ratio. The values are calculated based on the past 12 months of returns.

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.


The chart of Sharpe ratio for MFHVX, currently valued at 1.03, compared to the broader market-2.00-1.000.001.002.003.00
MFHVX: 1.03
PIAMX: 1.05
The chart of Sortino ratio for MFHVX, currently valued at 1.30, compared to the broader market-2.000.002.004.006.008.00
MFHVX: 1.30
PIAMX: 1.30
The chart of Omega ratio for MFHVX, currently valued at 1.25, compared to the broader market0.501.001.502.002.503.00
MFHVX: 1.25
PIAMX: 1.24
The chart of Calmar ratio for MFHVX, currently valued at 0.72, compared to the broader market0.002.004.006.008.0010.00
MFHVX: 0.72
PIAMX: 0.69
The chart of Martin ratio for MFHVX, currently valued at 3.12, compared to the broader market0.0010.0020.0030.0040.00
MFHVX: 3.12
PIAMX: 3.05

The current MFHVX Sharpe Ratio is 1.03, which is comparable to the PIAMX Sharpe Ratio of 1.05. 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 Ratio1.002.003.004.005.006.00NovemberDecember2025FebruaryMarchApril
1.03
1.05
MFHVX
PIAMX

Dividends

MFHVX vs. PIAMX - Dividend Comparison

MFHVX's dividend yield for the trailing twelve months is around 8.22%, less than PIAMX's 8.34% yield.


TTM20242023202220212020201920182017
MFHVX
Mesirow High Yield Fund
8.22%9.00%9.67%8.96%6.49%7.00%6.79%0.45%0.00%
PIAMX
PIA High Yield (MACS) Fund
8.34%8.49%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.


-6.00%-5.00%-4.00%-3.00%-2.00%-1.00%0.00%NovemberDecember2025FebruaryMarchApril
-3.81%
-4.42%
MFHVX
PIAMX

Volatility

MFHVX vs. PIAMX - Volatility Comparison

The current volatility for Mesirow High Yield Fund (MFHVX) is 2.81%, while PIA High Yield (MACS) Fund (PIAMX) has a volatility of 3.10%. This indicates that MFHVX experiences smaller price fluctuations and is considered to be less risky than PIAMX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.


0.50%1.00%1.50%2.00%2.50%3.00%NovemberDecember2025FebruaryMarchApril
2.81%
3.10%
MFHVX
PIAMX