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:
1.88
^GSPC:
2.01
PHD:
2.47
^GSPC:
2.67
PHD:
1.39
^GSPC:
1.37
PHD:
2.71
^GSPC:
3.04
PHD:
16.45
^GSPC:
12.46
PHD:
0.94%
^GSPC:
2.07%
PHD:
8.22%
^GSPC:
12.86%
PHD:
-63.30%
^GSPC:
-56.78%
PHD:
-1.88%
^GSPC:
-0.06%
Returns By Period
In the year-to-date period, PHD achieves a -0.05% return, which is significantly lower than ^GSPC's 3.48% return. Over the past 10 years, PHD has underperformed ^GSPC with an annualized return of 6.48%, while ^GSPC has yielded a comparatively higher 11.52% annualized return.
PHD
-0.05%
-0.36%
3.07%
15.28%
6.61%
6.48%
^GSPC
3.48%
1.88%
12.15%
25.12%
13.11%
11.52%
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Risk-Adjusted Performance
PHD vs. ^GSPC — Risk-Adjusted Performance Rank
PHD
^GSPC
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 -63.30%, 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 2.15%, while S&P 500 (^GSPC) has a volatility of 4.10%. 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.