MHI vs. VTI
Compare and contrast key facts about Pioneer Municipal High Income Fund, Inc. (MHI) and Vanguard Total Stock Market ETF (VTI).
VTI is a passively managed fund by Vanguard that tracks the performance of the CRSP US Total Market Index. It was launched on May 24, 2001.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: MHI or VTI.
Key characteristics
| MHI | VTI | |
|---|---|---|
| YTD Return | 3.78% | 9.76% |
| 1Y Return | 7.06% | 28.45% |
| 3Y Return (Ann) | -6.88% | 8.01% |
| 5Y Return (Ann) | -1.55% | 13.83% |
| 10Y Return (Ann) | -0.14% | 12.31% |
| Sharpe Ratio | 0.61 | 2.43 |
| Daily Std Dev | 11.99% | 11.93% |
| Max Drawdown | -90.32% | -55.45% |
| Current Drawdown | -23.79% | -0.17% |
Correlation
The correlation between MHI and VTI is 0.14, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Performance
MHI vs. VTI - Performance Comparison
In the year-to-date period, MHI achieves a 3.78% return, which is significantly lower than VTI's 9.76% return. Over the past 10 years, MHI has underperformed VTI with an annualized return of -0.14%, while VTI has yielded a comparatively higher 12.31% annualized 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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Risk-Adjusted Performance
MHI vs. VTI - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Pioneer Municipal High Income Fund, Inc. (MHI) and Vanguard Total Stock Market ETF (VTI). 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
MHI vs. VTI - Dividend Comparison
MHI's dividend yield for the trailing twelve months is around 4.06%, more than VTI's 1.36% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MHI Pioneer Municipal High Income Fund, Inc. | 4.06% | 4.58% | 5.94% | 4.43% | 4.47% | 5.01% | 5.80% | 5.05% | 6.57% | 6.89% | 7.97% | 8.39% |
VTI Vanguard Total Stock Market ETF | 1.36% | 1.44% | 1.66% | 1.21% | 1.42% | 1.78% | 2.04% | 1.71% | 1.92% | 1.98% | 1.76% | 1.74% |
Drawdowns
MHI vs. VTI - Drawdown Comparison
The maximum MHI drawdown since its inception was -90.32%, which is greater than VTI's maximum drawdown of -55.45%. Use the drawdown chart below to compare losses from any high point for MHI and VTI. For additional features, visit the drawdowns tool.
Volatility
MHI vs. VTI - Volatility Comparison
The current volatility for Pioneer Municipal High Income Fund, Inc. (MHI) is 2.13%, while Vanguard Total Stock Market ETF (VTI) has a volatility of 3.40%. This indicates that MHI experiences smaller price fluctuations and is considered to be less risky than VTI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.