PBBBX vs. PIAMX
Compare and contrast key facts about PIA BBB Bond Fund (PBBBX) and PIA High Yield (MACS) Fund (PIAMX).
PBBBX is managed by PIA Mutual Funds. It was launched on Sep 25, 2003. PIAMX is managed by PIA Mutual Funds. It was launched on Dec 26, 2017.
Performance
PBBBX vs. PIAMX - Performance Comparison
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PBBBX vs. PIAMX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
PBBBX PIA BBB Bond Fund | -1.26% | 8.14% | 2.41% | 9.19% | -16.35% | -1.20% | 9.37% | 16.49% | -2.37% |
PIAMX PIA High Yield (MACS) Fund | -2.20% | 2.34% | 11.23% | 16.38% | -10.93% | 7.82% | 9.05% | 11.77% | -2.63% |
Returns By Period
In the year-to-date period, PBBBX achieves a -1.26% return, which is significantly higher than PIAMX's -2.20% return.
PBBBX
- 1D
- 0.47%
- 1M
- -2.85%
- YTD
- -1.26%
- 6M
- -0.40%
- 1Y
- 4.67%
- 3Y*
- 4.91%
- 5Y*
- 0.75%
- 10Y*
- 2.98%
PIAMX
- 1D
- 0.26%
- 1M
- -2.36%
- YTD
- -2.20%
- 6M
- -2.91%
- 1Y
- 1.56%
- 3Y*
- 7.17%
- 5Y*
- 3.87%
- 10Y*
- —
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PBBBX vs. PIAMX - Expense Ratio Comparison
PBBBX has a 0.15% expense ratio, which is lower than PIAMX's 0.20% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Return for Risk
PBBBX vs. PIAMX — Risk / Return Rank
PBBBX
PIAMX
PBBBX vs. PIAMX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for PIA BBB Bond Fund (PBBBX) 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.
| PBBBX | PIAMX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.99 | 0.31 | +0.68 |
Sortino ratioReturn per unit of downside risk | 1.40 | 0.41 | +0.98 |
Omega ratioGain probability vs. loss probability | 1.18 | 1.07 | +0.11 |
Calmar ratioReturn relative to maximum drawdown | 1.56 | 0.20 | +1.37 |
Martin ratioReturn relative to average drawdown | 5.34 | 0.61 | +4.73 |
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
| PBBBX | PIAMX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.99 | 0.31 | +0.68 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.11 | 0.97 | -0.86 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.50 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.75 | 1.15 | -0.41 |
Correlation
The correlation between PBBBX and PIAMX is 0.36, 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.
Dividends
PBBBX vs. PIAMX - Dividend Comparison
PBBBX's dividend yield for the trailing twelve months is around 3.78%, less than PIAMX's 8.51% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PBBBX PIA BBB Bond Fund | 3.78% | 4.02% | 3.82% | 3.57% | 3.24% | 2.85% | 3.16% | 3.78% | 4.20% | 3.75% | 3.95% | 4.12% |
PIAMX PIA High Yield (MACS) Fund | 8.51% | 9.12% | 8.49% | 8.12% | 7.99% | 8.64% | 6.63% | 6.96% | 7.14% | 0.00% | 0.00% | 0.00% |
Drawdowns
PBBBX vs. PIAMX - Drawdown Comparison
The maximum PBBBX drawdown since its inception was -23.00%, which is greater than PIAMX's maximum drawdown of -18.15%. Use the drawdown chart below to compare losses from any high point for PBBBX and PIAMX.
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Drawdown Indicators
| PBBBX | PIAMX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -23.00% | -18.15% | -4.85% |
Max Drawdown (1Y)Largest decline over 1 year | -3.30% | -4.17% | +0.87% |
Max Drawdown (5Y)Largest decline over 5 years | -23.00% | -13.92% | -9.08% |
Max Drawdown (10Y)Largest decline over 10 years | -23.00% | — | — |
Current DrawdownCurrent decline from peak | -2.85% | -3.50% | +0.65% |
Average DrawdownAverage peak-to-trough decline | -3.50% | -2.36% | -1.14% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.97% | 1.37% | -0.40% |
Volatility
PBBBX vs. PIAMX - Volatility Comparison
PIA BBB Bond Fund (PBBBX) and PIA High Yield (MACS) Fund (PIAMX) have volatilities of 1.76% and 1.72%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PBBBX | PIAMX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.76% | 1.72% | +0.04% |
Volatility (6M)Calculated over the trailing 6-month period | 2.73% | 2.45% | +0.28% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.76% | 4.32% | +0.44% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.69% | 4.01% | +2.68% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.01% | 4.25% | +1.76% |