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.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: PHD or FUTY.
Key characteristics
| PHD | FUTY | |
|---|---|---|
| YTD Return | 16.95% | 25.99% |
| 1Y Return | 23.37% | 30.75% |
| 3Y Return (Ann) | 4.16% | 7.89% |
| 5Y Return (Ann) | 7.88% | 7.35% |
| 10Y Return (Ann) | 6.40% | 8.95% |
| Sharpe Ratio | 2.56 | 1.98 |
| Sortino Ratio | 3.35 | 2.74 |
| Omega Ratio | 1.54 | 1.35 |
| Calmar Ratio | 2.01 | 1.56 |
| Martin Ratio | 26.58 | 9.66 |
| Ulcer Index | 0.86% | 3.15% |
| Daily Std Dev | 8.99% | 15.34% |
| Max Drawdown | -63.57% | -36.44% |
| Current Drawdown | -0.20% | -4.81% |
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.
Performance
PHD vs. FUTY - Performance Comparison
In the year-to-date period, PHD achieves a 16.95% return, which is significantly lower than FUTY's 25.99% return. Over the past 10 years, PHD has underperformed FUTY with an annualized return of 6.40%, while FUTY has yielded a comparatively higher 8.95% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Risk-Adjusted Performance
PHD vs. FUTY - Risk-Adjusted Performance 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.
Dividends
PHD vs. FUTY - Dividend Comparison
PHD's dividend yield for the trailing twelve months is around 10.39%, more than FUTY's 2.77% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PHD Pioneer Floating Rate Fund, Inc. | 10.39% | 11.96% | 9.78% | 6.30% | 6.71% | 7.33% | 6.71% | 6.28% | 6.13% | 6.50% | 6.51% | 7.26% |
FUTY Fidelity MSCI Utilities Index ETF | 2.77% | 3.31% | 2.72% | 2.70% | 3.07% | 2.82% | 3.11% | 3.03% | 3.35% | 4.33% | 3.04% | 0.86% |
Drawdowns
PHD vs. FUTY - Drawdown Comparison
The maximum PHD drawdown since its inception was -63.57%, 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. For additional features, visit the drawdowns tool.
Volatility
PHD vs. FUTY - Volatility Comparison
The current volatility for Pioneer Floating Rate Fund, Inc. (PHD) is 1.86%, while Fidelity MSCI Utilities Index ETF (FUTY) has a volatility of 4.90%. This indicates that PHD experiences smaller price fluctuations and is considered to be less risky than FUTY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.