PHD vs. ^GSPC

Last updated Apr 2, 2026

Compare and contrast key facts about Pioneer Floating Rate Fund, Inc. (PHD) and S&P 500 Index (^GSPC).

Performance

PHD vs. ^GSPC - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Pioneer Floating Rate Fund, Inc. (PHD) and S&P 500 Index (^GSPC). The values are adjusted to include any dividend payments, if applicable.

PHD vs. ^GSPC - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
PHD Pioneer Floating Rate Fund, Inc.	-0.00%	-95.64%	16.93%	18.20%	-17.24%	21.32%	-0.22%	20.28%	-8.94%	2.66%
^GSPC S&P 500 Index	-3.95%	16.39%	23.31%	24.23%	-19.44%	26.89%	16.26%	28.88%	-6.24%	19.42%

Returns By Period

Over the past 10 years, PHD has underperformed ^GSPC with an annualized return of -22.68%, while ^GSPC has yielded a comparatively higher 12.24% annualized return.

PHD

• 1D: -95.98%
• 1M: -0.00%
• YTD: -0.00%
• 6M: -95.98%
• 1Y: -95.63%
• 3Y*: -60.93%
• 5Y*: -44.34%
• 10Y*: -22.68%

^GSPC

• 1D: 0.72%
• 1M: -4.45%
• YTD: -3.95%
• 6M: -2.02%
• 1Y: 16.73%
• 3Y*: 16.96%
• 5Y*: 10.34%
• 10Y*: 12.24%

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

Return for Risk

PHD vs. ^GSPC — Risk / Return Rank

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

PHD

PHD Risk / Return Rank: 48
PHD Sharpe Ratio Rank: 39
PHD Sortino Ratio Rank: 100
PHD Omega Ratio Rank: 100
PHD Calmar Ratio Rank: 1
PHD Martin Ratio Rank: 0

^GSPC

^GSPC Risk / Return Rank: 67
^GSPC Sharpe Ratio Rank: 63
^GSPC Sortino Ratio Rank: 64
^GSPC Omega Ratio Rank: 69
^GSPC Calmar Ratio Rank: 60
^GSPC Martin Ratio Rank: 77

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.

PHD vs. ^GSPC - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Pioneer Floating Rate Fund, Inc. (PHD) and S&P 500 Index (^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.

	PHD	^GSPC	Difference
Sharpe ratio Return per unit of total volatility	-0.02	0.92	-0.93
Sortino ratio Return per unit of downside risk	58.51	1.41	+57.10
Omega ratio Gain probability vs. loss probability	20.03	1.21	+18.81
Calmar ratio Return relative to maximum drawdown	-1.00	1.41	-2.41
Martin ratio Return relative to average drawdown	-5.25	6.61	-11.86
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

PHD vs. ^GSPC - Sharpe Ratio Comparison

The current PHD Sharpe Ratio is -0.02, which is lower than the ^GSPC Sharpe Ratio of 0.92. The chart below compares the historical Sharpe Ratios of PHD and ^GSPC, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	PHD	^GSPC	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.02	0.92	-0.93
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.02	0.61	-0.63
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	-0.01	0.68	-0.69
Sharpe Ratio (All Time) Calculated using the full available price history	-0.01	0.46	-0.47

Correlation

The correlation between PHD and ^GSPC is 0.33, 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.

Drawdowns

PHD vs. ^GSPC - Drawdown Comparison

The maximum PHD drawdown since its inception was -96.00%, 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.

Drawdown Indicators

	PHD	^GSPC	Difference
Max Drawdown Largest peak-to-trough decline	-96.00%	-56.78%	-39.22%
Max Drawdown (1Y) Largest decline over 1 year	-96.00%	-12.14%	-83.86%
Max Drawdown (5Y) Largest decline over 5 years	-96.00%	-25.43%	-70.57%
Max Drawdown (10Y) Largest decline over 10 years	-96.00%	-33.92%	-62.08%
Current Drawdown Current decline from peak	-96.00%	-5.78%	-90.22%
Average Drawdown Average peak-to-trough decline	-9.40%	-10.75%	+1.35%
Ulcer Index Depth and duration of drawdowns from previous peaks	18.23%	2.60%	+15.63%

Volatility

PHD vs. ^GSPC - Volatility Comparison

Pioneer Floating Rate Fund, Inc. (PHD) has a higher volatility of 732.87% compared to S&P 500 Index (^GSPC) at 5.37%. This indicates that PHD's price experiences larger fluctuations and is considered to be riskier than ^GSPC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	PHD	^GSPC	Difference
Volatility (1M) Calculated over the trailing 1-month period	732.87%	5.37%	+727.50%
Volatility (6M) Calculated over the trailing 6-month period	1,069.80%	9.55%	+1,060.25%
Volatility (1Y) Calculated over the trailing 1-year period	6,383.04%	18.33%	+6,364.71%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	2,469.98%	16.90%	+2,453.08%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	1,717.89%	18.05%	+1,699.84%