PHT vs. PHYSX

Last updated Apr 1, 2026

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.

Performance

PHT vs. PHYSX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Pioneer High Income Fund, Inc. (PHT) and PIA High Yield Fund (PHYSX). The values are adjusted to include any dividend payments, if applicable.

PHT vs. PHYSX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
PHT Pioneer High Income Fund, Inc.	0.00%	12.78%	18.21%	21.32%	-25.86%	17.70%	3.74%	30.72%	-10.54%	2.93%
PHYSX PIA High Yield Fund	-2.34%	1.82%	10.33%	16.17%	-11.70%	7.36%	8.03%	11.06%	-2.77%	8.04%

Returns By Period

PHT

• 1D: —
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

PHYSX

• 1D: 0.25%
• 1M: -2.27%
• YTD: -2.34%
• 6M: -3.12%
• 1Y: 0.95%
• 3Y*: 6.74%
• 5Y*: 3.28%
• 10Y*: 5.42%

*Multi-year figures are annualized to reflect compound growth (CAGR)

Return for Risk

PHT vs. PHYSX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

PHYSX

PHYSX Risk / Return Rank: 8
PHYSX Sharpe Ratio Rank: 9
PHYSX Sortino Ratio Rank: 7
PHYSX Omega Ratio Rank: 8
PHYSX Calmar Ratio Rank: 7
PHYSX Martin Ratio Rank: 7

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

PHT vs. PHYSX - Risk-Adjusted Trends 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.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Sharpe Ratios by Period

	PHT	PHYSX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	0.17	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.82	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	1.33	—
Sharpe Ratio (All Time) Calculated using the full available price history	—	1.61	—

Correlation

The correlation between PHT and PHYSX is 0.22, 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

PHT vs. PHYSX - Dividend Comparison

PHT's dividend yield for the trailing twelve months is around 2.64%, less than PHYSX's 7.98% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
PHT Pioneer High Income Fund, Inc.	2.64%	4.63%	8.52%	9.37%	11.38%	8.12%	9.25%	8.49%	9.79%	8.03%	9.45%	14.48%
PHYSX PIA High Yield Fund	7.98%	8.44%	7.66%	7.12%	7.60%	6.14%	6.31%	6.76%	6.51%	6.37%	6.10%	6.40%

Drawdowns

Drawdown Indicators

	PHT	PHYSX	Difference
Max Drawdown Largest peak-to-trough decline	—	-24.10%	—
Max Drawdown (1Y) Largest decline over 1 year	—	-4.00%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-13.99%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-19.86%	—
Current Drawdown Current decline from peak	—	-3.59%	—
Average Drawdown Average peak-to-trough decline	—	-1.89%	—
Ulcer Index Depth and duration of drawdowns from previous peaks	—	1.40%	—

Volatility

Volatility by Period

	PHT	PHYSX	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	1.78%	—
Volatility (6M) Calculated over the trailing 6-month period	—	2.53%	—
Volatility (1Y) Calculated over the trailing 1-year period	—	4.34%	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	—	4.01%	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	—	4.08%	—