MTGDX vs. PHYSX
Compare and contrast key facts about Morgan Stanley Mortgage Securities Trust (MTGDX) and PIA High Yield Fund (PHYSX).
MTGDX is managed by Morgan Stanley. It was launched on Jul 28, 1997. PHYSX is managed by PIA Mutual Funds. It was launched on Dec 31, 2010.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: MTGDX or PHYSX.
Correlation
The correlation between MTGDX and PHYSX is 0.12, 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
MTGDX vs. PHYSX - Performance Comparison
Key characteristics
MTGDX:
2.57
PHYSX:
3.82
MTGDX:
3.82
PHYSX:
5.61
MTGDX:
1.50
PHYSX:
1.88
MTGDX:
5.07
PHYSX:
9.14
MTGDX:
13.16
PHYSX:
36.94
MTGDX:
0.92%
PHYSX:
0.28%
MTGDX:
4.71%
PHYSX:
2.68%
MTGDX:
-12.97%
PHYSX:
-19.86%
MTGDX:
0.00%
PHYSX:
-0.22%
Returns By Period
In the year-to-date period, MTGDX achieves a 1.32% return, which is significantly higher than PHYSX's 0.50% return. Over the past 10 years, MTGDX has underperformed PHYSX with an annualized return of 4.15%, while PHYSX has yielded a comparatively higher 5.58% annualized return.
MTGDX
1.32%
1.45%
2.87%
12.40%
3.69%
4.15%
PHYSX
0.50%
-0.06%
3.51%
9.82%
5.51%
5.58%
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MTGDX vs. PHYSX - Expense Ratio Comparison
MTGDX has a 0.72% expense ratio, which is lower than PHYSX's 0.86% expense ratio.
Risk-Adjusted Performance
MTGDX vs. PHYSX — Risk-Adjusted Performance Rank
MTGDX
PHYSX
MTGDX vs. PHYSX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Morgan Stanley Mortgage Securities Trust (MTGDX) and PIA High Yield Fund (PHYSX). 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
MTGDX vs. PHYSX - Dividend Comparison
MTGDX's dividend yield for the trailing twelve months is around 7.99%, more than PHYSX's 7.66% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MTGDX Morgan Stanley Mortgage Securities Trust | 7.99% | 8.30% | 6.83% | 6.30% | 3.47% | 3.83% | 3.94% | 4.13% | 4.69% | 4.06% | 5.05% | 7.26% |
PHYSX PIA High Yield Fund | 7.66% | 7.68% | 7.40% | 8.23% | 6.13% | 6.30% | 6.61% | 6.52% | 6.39% | 6.10% | 6.41% | 5.82% |
Drawdowns
MTGDX vs. PHYSX - Drawdown Comparison
The maximum MTGDX drawdown since its inception was -12.97%, smaller than the maximum PHYSX drawdown of -19.86%. Use the drawdown chart below to compare losses from any high point for MTGDX and PHYSX. For additional features, visit the drawdowns tool.
Volatility
MTGDX vs. PHYSX - Volatility Comparison
Morgan Stanley Mortgage Securities Trust (MTGDX) has a higher volatility of 1.16% compared to PIA High Yield Fund (PHYSX) at 0.63%. This indicates that MTGDX's price experiences larger fluctuations and is considered to be riskier than PHYSX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.