PHD vs. ^GSPC
Compare and contrast key facts about Pioneer Floating Rate Fund, Inc. (PHD) and S&P 500 (^GSPC).
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: PHD or ^GSPC.
Correlation
The correlation between PHD and ^GSPC is 0.34, 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
PHD vs. ^GSPC - Performance Comparison
Key characteristics
PHD:
2.08
^GSPC:
2.10
PHD:
2.72
^GSPC:
2.80
PHD:
1.44
^GSPC:
1.39
PHD:
2.11
^GSPC:
3.09
PHD:
20.74
^GSPC:
13.49
PHD:
0.85%
^GSPC:
1.94%
PHD:
8.48%
^GSPC:
12.52%
PHD:
-63.59%
^GSPC:
-56.78%
PHD:
-1.93%
^GSPC:
-2.62%
Returns By Period
In the year-to-date period, PHD achieves a 16.86% return, which is significantly lower than ^GSPC's 24.34% return. Over the past 10 years, PHD has underperformed ^GSPC with an annualized return of 6.49%, while ^GSPC has yielded a comparatively higher 11.06% annualized return.
PHD
16.86%
-0.27%
4.51%
17.28%
7.10%
6.49%
^GSPC
24.34%
0.23%
8.53%
24.95%
13.01%
11.06%
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Risk-Adjusted Performance
PHD vs. ^GSPC - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Pioneer Floating Rate Fund, Inc. (PHD) and S&P 500 (^GSPC). 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.
Drawdowns
PHD vs. ^GSPC - Drawdown Comparison
The maximum PHD drawdown since its inception was -63.59%, which is greater than ^GSPC's maximum drawdown of -56.78%. Use the drawdown chart below to compare losses from any high point for PHD and ^GSPC. For additional features, visit the drawdowns tool.
Volatility
PHD vs. ^GSPC - Volatility Comparison
The current volatility for Pioneer Floating Rate Fund, Inc. (PHD) is 2.03%, while S&P 500 (^GSPC) has a volatility of 3.79%. This indicates that PHD experiences smaller price fluctuations and is considered to be less risky than ^GSPC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.