PHD vs. FUTY
Compare and contrast key facts about Pioneer Floating Rate Fund, Inc. (PHD) and Fidelity MSCI Utilities Index ETF (FUTY).
FUTY is a passively managed fund by Fidelity that tracks the performance of the MSCI USA IMI Utilities Index. It was launched on Oct 21, 2013.
Performance
PHD vs. FUTY - Performance Comparison
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PHD vs. FUTY - 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% |
FUTY Fidelity MSCI Utilities Index ETF | 8.19% | 16.40% | 23.20% | -7.46% | 1.12% | 17.53% | -0.80% | 24.89% | 4.36% | 12.52% |
Returns By Period
Over the past 10 years, PHD has underperformed FUTY with an annualized return of -22.68%, while FUTY has yielded a comparatively higher 9.67% 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%
FUTY
- 1D
- 0.49%
- 1M
- -2.11%
- YTD
- 8.19%
- 6M
- 5.65%
- 1Y
- 19.31%
- 3Y*
- 13.99%
- 5Y*
- 10.62%
- 10Y*
- 9.67%
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Return for Risk
PHD vs. FUTY — Risk / Return Rank
PHD
FUTY
PHD vs. FUTY - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Pioneer Floating Rate Fund, Inc. (PHD) and Fidelity MSCI Utilities Index ETF (FUTY). 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 | FUTY | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | -0.02 | 1.25 | -1.27 |
Sortino ratioReturn per unit of downside risk | 58.51 | 1.70 | +56.82 |
Omega ratioGain probability vs. loss probability | 20.03 | 1.23 | +18.80 |
Calmar ratioReturn relative to maximum drawdown | -1.00 | 2.20 | -3.20 |
Martin ratioReturn relative to average drawdown | -5.25 | 5.24 | -10.49 |
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
| PHD | FUTY | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.02 | 1.25 | -1.27 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.02 | 0.63 | -0.65 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | -0.01 | 0.51 | -0.52 |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.01 | 0.58 | -0.59 |
Correlation
The correlation between PHD and FUTY is 0.16, 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
PHD vs. FUTY - Dividend Comparison
PHD's dividend yield for the trailing twelve months is around 75.00%, more than FUTY's 2.49% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PHD Pioneer Floating Rate Fund, Inc. | 75.00% | 131.25% | 10.36% | 11.91% | 9.75% | 6.24% | 6.67% | 7.29% | 6.71% | 6.28% | 6.13% | 6.50% |
FUTY Fidelity MSCI Utilities Index ETF | 2.49% | 2.67% | 2.96% | 3.31% | 2.72% | 2.70% | 3.07% | 2.82% | 3.11% | 3.03% | 3.35% | 4.33% |
Drawdowns
PHD vs. FUTY - Drawdown Comparison
The maximum PHD drawdown since its inception was -96.00%, which is greater than FUTY's maximum drawdown of -36.44%. Use the drawdown chart below to compare losses from any high point for PHD and FUTY.
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Drawdown Indicators
| PHD | FUTY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -96.00% | -36.44% | -59.56% |
Max Drawdown (1Y)Largest decline over 1 year | -96.00% | -8.93% | -87.07% |
Max Drawdown (5Y)Largest decline over 5 years | -96.00% | -25.11% | -70.89% |
Max Drawdown (10Y)Largest decline over 10 years | -96.00% | -36.44% | -59.56% |
Current DrawdownCurrent decline from peak | -96.00% | -2.76% | -93.24% |
Average DrawdownAverage peak-to-trough decline | -9.40% | -6.06% | -3.34% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 18.23% | 3.75% | +14.48% |
Volatility
PHD vs. FUTY - Volatility Comparison
Pioneer Floating Rate Fund, Inc. (PHD) has a higher volatility of 732.87% compared to Fidelity MSCI Utilities Index ETF (FUTY) at 5.03%. This indicates that PHD's price experiences larger fluctuations and is considered to be riskier than FUTY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PHD | FUTY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 732.87% | 5.03% | +727.84% |
Volatility (6M)Calculated over the trailing 6-month period | 1,069.80% | 10.15% | +1,059.65% |
Volatility (1Y)Calculated over the trailing 1-year period | 6,383.04% | 15.52% | +6,367.52% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 2,469.98% | 16.93% | +2,453.05% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 1,717.89% | 18.99% | +1,698.90% |