MSYIX vs. XILSX

Last updated Jun 5, 2026

MSYIX (Morgan Stanley Institutional Fund Trust High Yield Portfolio) and XILSX (Pioneer ILS Interval Fund) are both High Yield Bonds funds. At a 0.02 correlation, their price movements are largely independent. MSYIX charges 0.65%/yr vs 1.88%/yr for XILSX.

Performance

MSYIX vs. XILSX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Morgan Stanley Institutional Fund Trust High Yield Portfolio (MSYIX) and Pioneer ILS Interval Fund (XILSX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

MSYIX

• 1D: —
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

XILSX

• 1D: 0.00%
• 1M: 0.97%
• YTD: 7.97%
• 6M: 10.49%
• 1Y: 24.81%
• 3Y*: 19.66%
• 5Y*: 12.34%
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

MSYIX vs. XILSX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
MSYIX Morgan Stanley Institutional Fund Trust High Yield Portfolio	0.47%	7.94%	8.78%	13.52%	-11.56%	5.57%	3.26%	13.77%	-2.75%	5.46%
XILSX Pioneer ILS Interval Fund	7.97%	18.70%	18.93%	18.65%	1.23%	-1.10%	7.37%	2.60%	-2.11%	-8.83%

Correlation

The correlation between MSYIX and XILSX is 0.03, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.03
Correlation (3Y) Calculated over the trailing 3-year period	0.02
Correlation (5Y) Calculated over the trailing 5-year period	0.02
Correlation (All Time) Calculated using the full available price history since Feb 2, 2017	0.02

Return for Risk

MSYIX vs. XILSX — Risk / Return Rank

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

XILSX

XILSX Risk / Return Rank: 100
XILSX Sharpe Ratio Rank: 100
XILSX Sortino Ratio Rank: 100
XILSX Omega Ratio Rank: 100
XILSX Calmar Ratio Rank: 100
XILSX Martin Ratio Rank: 100

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

MSYIX vs. XILSX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Morgan Stanley Institutional Fund Trust High Yield Portfolio (MSYIX) and Pioneer ILS Interval Fund (XILSX). 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.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Sharpe Ratios by Period

	MSYIX	XILSX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	8.17	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	3.29	—
Sharpe Ratio (All Time) Calculated using the full available price history	—	1.63	—

Drawdowns

Drawdown Indicators

	MSYIX	XILSX	Difference
Max Drawdown Largest peak-to-trough decline	—	-14.53%	—
Max Drawdown (1Y) Largest decline over 1 year	—	-0.21%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-2.36%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-6.27%	—
Current Drawdown Current decline from peak	—	0.00%	—
Average Drawdown Average peak-to-trough decline	—	-4.91%	—
Ulcer Index Depth and duration of drawdowns from previous peaks	—	0.03%	—

Volatility

Volatility by Period

	MSYIX	XILSX	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	0.43%	—
Volatility (6M) Calculated over the trailing 6-month period	—	1.99%	—
Volatility (1Y) Calculated over the trailing 1-year period	—	3.05%	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	—	3.77%	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	—	3.93%	—

MSYIX vs. XILSX - Expense Ratio Comparison

MSYIX has a 0.65% expense ratio, which is lower than XILSX's 1.88% expense ratio.

Dividends

MSYIX vs. XILSX - Dividend Comparison

MSYIX's dividend yield for the trailing twelve months is around 4.18%, less than XILSX's 8.81% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
MSYIX Morgan Stanley Institutional Fund Trust High Yield Portfolio	4.18%	7.03%	7.25%	6.71%	6.29%	5.57%	5.90%	6.20%	6.27%	5.75%	6.22%	6.77%
XILSX Pioneer ILS Interval Fund	8.81%	9.51%	13.06%	12.82%	2.68%	2.04%	5.20%	6.63%	6.40%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both MSYIX and XILSX in my portfolio?

MSYIX and XILSX have a correlation of 0.03, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.