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:
1.97
^GSPC:
1.83
PHD:
2.58
^GSPC:
2.46
PHD:
1.41
^GSPC:
1.34
PHD:
1.99
^GSPC:
2.72
PHD:
19.79
^GSPC:
11.89
PHD:
0.84%
^GSPC:
1.94%
PHD:
8.47%
^GSPC:
12.57%
PHD:
-63.59%
^GSPC:
-56.78%
PHD:
-2.54%
^GSPC:
-3.66%
Returns By Period
In the year-to-date period, PHD achieves a 16.14% return, which is significantly lower than ^GSPC's 23.00% return. Over the past 10 years, PHD has underperformed ^GSPC with an annualized return of 6.44%, while ^GSPC has yielded a comparatively higher 10.96% annualized return.
PHD
16.14%
-1.09%
3.60%
16.93%
6.97%
6.44%
^GSPC
23.00%
-0.84%
7.20%
24.88%
12.77%
10.96%
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Risk-Adjusted Performance
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 1.93%, while S&P 500 (^GSPC) has a volatility of 3.62%. 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.