Correlation
The correlation between PHT and PHYSX is 0.37, 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.
PHT vs. PHYSX
Compare and contrast key facts about Pioneer High Income Fund, Inc. (PHT) and PIA High Yield Fund (PHYSX).
PHYSX is managed by PIA Mutual Funds. It was launched on Dec 31, 2010.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: PHT or PHYSX.
Performance
PHT vs. PHYSX - Performance Comparison
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Key characteristics
PHT:
1.58
PHYSX:
1.13
PHT:
1.96
PHYSX:
1.32
PHT:
1.34
PHYSX:
1.23
PHT:
1.14
PHYSX:
0.69
PHT:
7.79
PHYSX:
2.57
PHT:
2.23%
PHYSX:
1.65%
PHT:
12.11%
PHYSX:
4.14%
PHT:
-60.95%
PHYSX:
-19.86%
PHT:
-0.25%
PHYSX:
-2.60%
Returns By Period
In the year-to-date period, PHT achieves a 6.04% return, which is significantly higher than PHYSX's -1.90% return. Both investments have delivered pretty close results over the past 10 years, with PHT having a 5.02% annualized return and PHYSX not far ahead at 5.04%.
PHT
6.04%
5.48%
4.35%
18.95%
12.20%
11.58%
5.02%
PHYSX
-1.90%
1.17%
-1.90%
4.65%
6.76%
7.31%
5.04%
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Risk-Adjusted Performance
PHT vs. PHYSX — Risk-Adjusted Performance Rank
PHT
PHYSX
PHT vs. PHYSX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Pioneer High Income Fund, Inc. (PHT) and PIA High Yield Fund (PHYSX). 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.
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Dividends
PHT vs. PHYSX - Dividend Comparison
PHT's dividend yield for the trailing twelve months is around 8.32%, more than PHYSX's 7.34% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PHT Pioneer High Income Fund, Inc. | 8.32% | 8.52% | 9.37% | 11.38% | 8.12% | 9.25% | 8.49% | 9.71% | 8.63% | 9.37% | 14.36% | 9.54% |
PHYSX PIA High Yield Fund | 7.34% | 7.68% | 7.40% | 8.23% | 6.13% | 6.30% | 6.77% | 6.52% | 6.39% | 6.10% | 6.41% | 6.34% |
Drawdowns
PHT vs. PHYSX - Drawdown Comparison
The maximum PHT drawdown since its inception was -60.95%, which is greater than PHYSX's maximum drawdown of -19.86%. Use the drawdown chart below to compare losses from any high point for PHT and PHYSX.
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Volatility
PHT vs. PHYSX - Volatility Comparison
Pioneer High Income Fund, Inc. (PHT) has a higher volatility of 4.36% compared to PIA High Yield Fund (PHYSX) at 1.50%. This indicates that PHT's price experiences larger fluctuations and is considered to be riskier than PHYSX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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