PHIYX vs. FSIGX
Compare and contrast key facts about PIMCO High Yield Fund (PHIYX) and Fidelity Series Investment Grade Bond Fund (FSIGX).
PHIYX is managed by PIMCO. It was launched on Dec 15, 1992. FSIGX is managed by Fidelity.
Performance
PHIYX vs. FSIGX - Performance Comparison
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PHIYX vs. FSIGX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
PHIYX PIMCO High Yield Fund | -1.31% | 8.60% | 6.81% | 12.83% | -11.96% | 4.07% | 5.37% | 14.96% | -2.47% | 7.03% |
FSIGX Fidelity Series Investment Grade Bond Fund | -0.12% | 7.65% | 1.79% | 6.82% | -13.30% | -0.67% | 9.71% | 9.75% | -0.15% | 4.39% |
Returns By Period
In the year-to-date period, PHIYX achieves a -1.31% return, which is significantly lower than FSIGX's -0.12% return. Over the past 10 years, PHIYX has outperformed FSIGX with an annualized return of 5.08%, while FSIGX has yielded a comparatively lower 2.49% annualized return.
PHIYX
- 1D
- 0.63%
- 1M
- -1.60%
- YTD
- -1.31%
- 6M
- 0.52%
- 1Y
- 5.80%
- 3Y*
- 7.49%
- 5Y*
- 3.36%
- 10Y*
- 5.08%
FSIGX
- 1D
- 0.20%
- 1M
- -1.65%
- YTD
- -0.12%
- 6M
- 0.55%
- 1Y
- 4.08%
- 3Y*
- 4.17%
- 5Y*
- 0.70%
- 10Y*
- 2.49%
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PHIYX vs. FSIGX - Expense Ratio Comparison
Return for Risk
PHIYX vs. FSIGX — Risk / Return Rank
PHIYX
FSIGX
PHIYX vs. FSIGX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for PIMCO High Yield Fund (PHIYX) and Fidelity Series Investment Grade Bond Fund (FSIGX). 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.
| PHIYX | FSIGX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.63 | 0.98 | +0.65 |
Sortino ratioReturn per unit of downside risk | 2.35 | 1.41 | +0.94 |
Omega ratioGain probability vs. loss probability | 1.36 | 1.17 | +0.19 |
Calmar ratioReturn relative to maximum drawdown | 2.07 | 1.74 | +0.33 |
Martin ratioReturn relative to average drawdown | 8.46 | 4.97 | +3.49 |
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
| PHIYX | FSIGX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.63 | 0.98 | +0.65 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.64 | 0.12 | +0.53 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.91 | 0.50 | +0.41 |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.30 | 0.86 | +0.43 |
Correlation
The correlation between PHIYX and FSIGX is 0.26, 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
PHIYX vs. FSIGX - Dividend Comparison
PHIYX's dividend yield for the trailing twelve months is around 5.84%, more than FSIGX's 3.91% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PHIYX PIMCO High Yield Fund | 5.84% | 6.19% | 6.18% | 5.62% | 6.01% | 4.53% | 4.55% | 5.04% | 5.63% | 5.11% | 5.37% | 8.79% |
FSIGX Fidelity Series Investment Grade Bond Fund | 3.91% | 4.24% | 4.01% | 4.00% | 2.37% | 1.88% | 6.32% | 3.09% | 3.20% | 2.86% | 4.32% | 3.07% |
Drawdowns
PHIYX vs. FSIGX - Drawdown Comparison
The maximum PHIYX drawdown since its inception was -32.73%, which is greater than FSIGX's maximum drawdown of -18.22%. Use the drawdown chart below to compare losses from any high point for PHIYX and FSIGX.
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Drawdown Indicators
| PHIYX | FSIGX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -32.73% | -18.22% | -14.51% |
Max Drawdown (1Y)Largest decline over 1 year | -3.00% | -2.86% | -0.14% |
Max Drawdown (5Y)Largest decline over 5 years | -15.74% | -18.22% | +2.48% |
Max Drawdown (10Y)Largest decline over 10 years | -20.30% | -18.22% | -2.08% |
Current DrawdownCurrent decline from peak | -1.84% | -2.13% | +0.29% |
Average DrawdownAverage peak-to-trough decline | -2.18% | -2.70% | +0.52% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.73% | 1.00% | -0.27% |
Volatility
PHIYX vs. FSIGX - Volatility Comparison
PIMCO High Yield Fund (PHIYX) and Fidelity Series Investment Grade Bond Fund (FSIGX) have volatilities of 1.46% and 1.51%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PHIYX | FSIGX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.46% | 1.51% | -0.05% |
Volatility (6M)Calculated over the trailing 6-month period | 2.40% | 2.62% | -0.22% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.77% | 4.52% | -0.75% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.25% | 6.04% | -0.79% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.62% | 5.01% | +0.61% |