PHD vs. VLT
Compare and contrast key facts about Pioneer Floating Rate Fund, Inc. (PHD) and Invesco High Income Trust II (VLT).
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: PHD or VLT.
Correlation
The correlation between PHD and VLT 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.
Performance
PHD vs. VLT - Performance Comparison
Key characteristics
PHD:
2.08
VLT:
2.22
PHD:
2.72
VLT:
3.11
PHD:
1.44
VLT:
1.42
PHD:
2.11
VLT:
1.42
PHD:
20.74
VLT:
15.90
PHD:
0.85%
VLT:
1.20%
PHD:
8.48%
VLT:
8.62%
PHD:
-63.59%
VLT:
-69.52%
PHD:
-1.93%
VLT:
-2.41%
Fundamentals
PHD:
$120.90M
VLT:
$72.78M
PHD:
$1.71
VLT:
$1.36
PHD:
5.71
VLT:
8.24
PHD:
0.00
VLT:
0.00
Returns By Period
In the year-to-date period, PHD achieves a 16.86% return, which is significantly lower than VLT's 18.40% return. Both investments have delivered pretty close results over the past 10 years, with PHD having a 6.49% annualized return and VLT not far behind at 6.20%.
PHD
16.86%
-0.27%
4.51%
17.28%
7.10%
6.49%
VLT
18.40%
-0.50%
10.72%
18.28%
5.01%
6.20%
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Risk-Adjusted Performance
PHD vs. VLT - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Pioneer Floating Rate Fund, Inc. (PHD) and Invesco High Income Trust II (VLT). 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. VLT - Dividend Comparison
PHD's dividend yield for the trailing twelve months is around 11.38%, more than VLT's 10.42% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PHD Pioneer Floating Rate Fund, Inc. | 11.38% | 11.96% | 9.78% | 6.30% | 6.71% | 7.33% | 6.71% | 6.28% | 6.13% | 6.50% | 6.50% | 7.26% |
VLT Invesco High Income Trust II | 10.42% | 11.09% | 11.23% | 8.02% | 8.48% | 8.07% | 8.43% | 7.00% | 8.08% | 9.74% | 8.69% | 8.62% |
Drawdowns
PHD vs. VLT - Drawdown Comparison
The maximum PHD drawdown since its inception was -63.59%, smaller than the maximum VLT drawdown of -69.52%. Use the drawdown chart below to compare losses from any high point for PHD and VLT. For additional features, visit the drawdowns tool.
Volatility
PHD vs. VLT - Volatility Comparison
Pioneer Floating Rate Fund, Inc. (PHD) has a higher volatility of 2.03% compared to Invesco High Income Trust II (VLT) at 1.82%. This indicates that PHD's price experiences larger fluctuations and is considered to be riskier than VLT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Financials
PHD vs. VLT - Financials Comparison
This section allows you to compare key financial metrics between Pioneer Floating Rate Fund, Inc. and Invesco High Income Trust II. You can select fields from income statements, balance sheets, and cash flow statements to easily visualize and compare the financial health of both companies.
Total Revenue: Total amount of money received from sales and other business activities