MZHSX vs. THHYX
Compare and contrast key facts about Muzinich U.S. High Yield Credit Fund (MZHSX) and Toews Tactical Income Fund (THHYX).
MZHSX is managed by Muzinich. It was launched on Mar 31, 2016. THHYX is managed by Toews Funds. It was launched on Jun 4, 2010.
Performance
MZHSX vs. THHYX - Performance Comparison
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MZHSX vs. THHYX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
MZHSX Muzinich U.S. High Yield Credit Fund | -1.16% | 8.27% | 7.65% | 9.99% | -11.62% | 4.43% | 6.82% | 13.71% | -2.58% | 6.00% |
THHYX Toews Tactical Income Fund | -0.03% | 3.44% | 5.48% | 4.51% | -5.33% | 0.28% | 5.21% | 7.37% | -0.80% | 2.20% |
Returns By Period
In the year-to-date period, MZHSX achieves a -1.16% return, which is significantly lower than THHYX's -0.03% return.
MZHSX
- 1D
- -0.13%
- 1M
- -1.62%
- YTD
- -1.16%
- 6M
- 0.55%
- 1Y
- 5.96%
- 3Y*
- 7.16%
- 5Y*
- 2.97%
- 10Y*
- —
THHYX
- 1D
- -0.10%
- 1M
- -0.56%
- YTD
- -0.03%
- 6M
- -0.33%
- 1Y
- 4.81%
- 3Y*
- 4.35%
- 5Y*
- 1.60%
- 10Y*
- 3.04%
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MZHSX vs. THHYX - Expense Ratio Comparison
MZHSX has a 0.58% expense ratio, which is lower than THHYX's 1.46% expense ratio.
Return for Risk
MZHSX vs. THHYX — Risk / Return Rank
MZHSX
THHYX
MZHSX vs. THHYX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Muzinich U.S. High Yield Credit Fund (MZHSX) and Toews Tactical Income Fund (THHYX). 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.
| MZHSX | THHYX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.92 | 1.80 | +0.11 |
Sortino ratioReturn per unit of downside risk | 2.56 | 2.78 | -0.22 |
Omega ratioGain probability vs. loss probability | 1.45 | 1.39 | +0.06 |
Calmar ratioReturn relative to maximum drawdown | 1.98 | 4.39 | -2.41 |
Martin ratioReturn relative to average drawdown | 9.82 | 10.88 | -1.06 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| MZHSX | THHYX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.92 | 1.80 | +0.11 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.69 | 0.41 | +0.28 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.83 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.86 | 1.13 | -0.27 |
Correlation
The correlation between MZHSX and THHYX is 0.55, 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.
Dividends
MZHSX vs. THHYX - Dividend Comparison
MZHSX's dividend yield for the trailing twelve months is around 5.89%, more than THHYX's 5.52% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MZHSX Muzinich U.S. High Yield Credit Fund | 5.89% | 6.53% | 7.00% | 6.45% | 5.77% | 13.18% | 5.03% | 5.16% | 5.45% | 12.68% | 0.00% | 0.00% |
THHYX Toews Tactical Income Fund | 5.52% | 4.91% | 5.44% | 4.33% | 1.61% | 2.79% | 2.21% | 3.84% | 2.43% | 6.56% | 3.30% | 1.59% |
Drawdowns
MZHSX vs. THHYX - Drawdown Comparison
The maximum MZHSX drawdown since its inception was -19.40%, which is greater than THHYX's maximum drawdown of -8.83%. Use the drawdown chart below to compare losses from any high point for MZHSX and THHYX.
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Drawdown Indicators
| MZHSX | THHYX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -19.40% | -8.83% | -10.57% |
Max Drawdown (1Y)Largest decline over 1 year | -3.04% | -1.12% | -1.92% |
Max Drawdown (5Y)Largest decline over 5 years | -15.10% | -8.83% | -6.27% |
Max Drawdown (10Y)Largest decline over 10 years | — | -8.83% | — |
Current DrawdownCurrent decline from peak | -1.90% | -0.90% | -1.00% |
Average DrawdownAverage peak-to-trough decline | -2.52% | -1.64% | -0.88% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.61% | 0.45% | +0.16% |
Volatility
MZHSX vs. THHYX - Volatility Comparison
Muzinich U.S. High Yield Credit Fund (MZHSX) has a higher volatility of 1.22% compared to Toews Tactical Income Fund (THHYX) at 0.59%. This indicates that MZHSX's price experiences larger fluctuations and is considered to be riskier than THHYX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MZHSX | THHYX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.22% | 0.59% | +0.63% |
Volatility (6M)Calculated over the trailing 6-month period | 1.81% | 1.57% | +0.24% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.27% | 2.74% | +0.53% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.33% | 3.90% | +0.43% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.91% | 3.68% | +1.23% |