Correlation
The correlation between PHT and SGOV is 0.00, 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. SGOV
Compare and contrast key facts about Pioneer High Income Fund, Inc. (PHT) and iShares 0-3 Month Treasury Bond ETF (SGOV).
SGOV is a passively managed fund by iShares that tracks the performance of the ICE 0-3 Month US Treasury Bill Index. It was launched on May 26, 2020.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: PHT or SGOV.
Performance
PHT vs. SGOV - Performance Comparison
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Key characteristics
PHT:
1.58
SGOV:
21.63
PHT:
1.96
SGOV:
474.39
PHT:
1.34
SGOV:
475.39
PHT:
1.14
SGOV:
485.71
PHT:
7.79
SGOV:
7,710.35
PHT:
2.23%
SGOV:
0.00%
PHT:
12.11%
SGOV:
0.22%
PHT:
-60.95%
SGOV:
-0.03%
PHT:
-0.25%
SGOV:
0.00%
Returns By Period
In the year-to-date period, PHT achieves a 6.04% return, which is significantly higher than SGOV's 1.75% return.
PHT
6.04%
5.48%
4.35%
18.95%
12.20%
11.58%
5.02%
SGOV
1.75%
0.35%
2.15%
4.82%
4.55%
2.74%
N/A
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Risk-Adjusted Performance
PHT vs. SGOV — Risk-Adjusted Performance Rank
PHT
SGOV
PHT vs. SGOV - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Pioneer High Income Fund, Inc. (PHT) and iShares 0-3 Month Treasury Bond ETF (SGOV). 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. SGOV - Dividend Comparison
PHT's dividend yield for the trailing twelve months is around 8.32%, more than SGOV's 4.69% 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% |
SGOV iShares 0-3 Month Treasury Bond ETF | 4.69% | 5.10% | 4.87% | 1.45% | 0.03% | 0.05% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
PHT vs. SGOV - Drawdown Comparison
The maximum PHT drawdown since its inception was -60.95%, which is greater than SGOV's maximum drawdown of -0.03%. Use the drawdown chart below to compare losses from any high point for PHT and SGOV.
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Volatility
PHT vs. SGOV - Volatility Comparison
Pioneer High Income Fund, Inc. (PHT) has a higher volatility of 4.36% compared to iShares 0-3 Month Treasury Bond ETF (SGOV) at 0.06%. This indicates that PHT's price experiences larger fluctuations and is considered to be riskier than SGOV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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