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:
0.75
^GSPC:
0.67
PHD:
1.01
^GSPC:
1.05
PHD:
1.19
^GSPC:
1.16
PHD:
0.96
^GSPC:
0.68
PHD:
4.67
^GSPC:
2.70
PHD:
1.91%
^GSPC:
4.78%
PHD:
11.95%
^GSPC:
19.41%
PHD:
-63.59%
^GSPC:
-56.78%
PHD:
-1.99%
^GSPC:
-7.45%
Returns By Period
In the year-to-date period, PHD achieves a 0.12% return, which is significantly higher than ^GSPC's -3.31% return. Over the past 10 years, PHD has underperformed ^GSPC with an annualized return of 5.95%, while ^GSPC has yielded a comparatively higher 10.56% annualized return.
PHD
0.12%
0.24%
0.01%
8.25%
12.60%
5.95%
^GSPC
-3.31%
0.28%
-0.74%
12.29%
15.01%
10.56%
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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 -63.59%, 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 9.33%, while S&P 500 (^GSPC) has a volatility of 14.17%. 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.