PHYIX vs. PIAMX
Compare and contrast key facts about Putnam High Yield Fund (PHYIX) and PIA High Yield (MACS) Fund (PIAMX).
PHYIX is managed by Putnam. It was launched on Mar 25, 1986. PIAMX is managed by PIA Mutual Funds. It was launched on Dec 26, 2017.
Performance
PHYIX vs. PIAMX - Performance Comparison
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PHYIX vs. PIAMX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
PHYIX Putnam High Yield Fund | -0.70% | 8.57% | 7.87% | 11.95% | -11.85% | 8.32% | 5.50% | 14.02% | -4.62% |
PIAMX PIA High Yield (MACS) Fund | -1.83% | 2.34% | 11.23% | 16.38% | -10.93% | 7.82% | 9.05% | 11.77% | -2.63% |
Returns By Period
In the year-to-date period, PHYIX achieves a -0.70% return, which is significantly higher than PIAMX's -1.83% return.
PHYIX
- 1D
- 0.57%
- 1M
- -1.67%
- YTD
- -0.70%
- 6M
- 0.64%
- 1Y
- 6.95%
- 3Y*
- 8.03%
- 5Y*
- 4.26%
- 10Y*
- 5.56%
PIAMX
- 1D
- 0.38%
- 1M
- -1.87%
- YTD
- -1.83%
- 6M
- -2.54%
- 1Y
- 1.82%
- 3Y*
- 7.30%
- 5Y*
- 3.89%
- 10Y*
- —
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PHYIX vs. PIAMX - Expense Ratio Comparison
PHYIX has a 1.01% expense ratio, which is higher than PIAMX's 0.20% expense ratio.
Return for Risk
PHYIX vs. PIAMX — Risk / Return Rank
PHYIX
PIAMX
PHYIX vs. PIAMX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Putnam High Yield Fund (PHYIX) and PIA High Yield (MACS) Fund (PIAMX). 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.
| PHYIX | PIAMX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.92 | 0.45 | +1.47 |
Sortino ratioReturn per unit of downside risk | 2.57 | 0.60 | +1.97 |
Omega ratioGain probability vs. loss probability | 1.50 | 1.10 | +0.40 |
Calmar ratioReturn relative to maximum drawdown | 2.22 | 0.41 | +1.81 |
Martin ratioReturn relative to average drawdown | 10.02 | 1.25 | +8.77 |
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
| PHYIX | PIAMX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.92 | 0.45 | +1.47 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.86 | 0.97 | -0.12 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 1.06 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.25 | 1.16 | +0.09 |
Correlation
The correlation between PHYIX and PIAMX is 0.72, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Dividends
PHYIX vs. PIAMX - Dividend Comparison
PHYIX's dividend yield for the trailing twelve months is around 5.65%, less than PIAMX's 8.48% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PHYIX Putnam High Yield Fund | 5.65% | 5.92% | 7.84% | 5.46% | 5.04% | 7.41% | 4.56% | 4.89% | 5.30% | 5.16% | 5.54% | 5.53% |
PIAMX PIA High Yield (MACS) Fund | 8.48% | 9.12% | 8.49% | 8.12% | 7.99% | 8.64% | 6.63% | 6.96% | 7.14% | 0.00% | 0.00% | 0.00% |
Drawdowns
PHYIX vs. PIAMX - Drawdown Comparison
The maximum PHYIX drawdown since its inception was -31.29%, which is greater than PIAMX's maximum drawdown of -18.15%. Use the drawdown chart below to compare losses from any high point for PHYIX and PIAMX.
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Drawdown Indicators
| PHYIX | PIAMX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -31.29% | -18.15% | -13.14% |
Max Drawdown (1Y)Largest decline over 1 year | -3.23% | -4.17% | +0.94% |
Max Drawdown (5Y)Largest decline over 5 years | -15.22% | -13.92% | -1.30% |
Max Drawdown (10Y)Largest decline over 10 years | -21.00% | — | — |
Current DrawdownCurrent decline from peak | -2.08% | -3.13% | +1.05% |
Average DrawdownAverage peak-to-trough decline | -4.80% | -2.36% | -2.44% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.71% | 1.36% | -0.65% |
Volatility
PHYIX vs. PIAMX - Volatility Comparison
Putnam High Yield Fund (PHYIX) and PIA High Yield (MACS) Fund (PIAMX) have volatilities of 1.71% and 1.79%, 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
| PHYIX | PIAMX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.71% | 1.79% | -0.08% |
Volatility (6M)Calculated over the trailing 6-month period | 2.28% | 2.48% | -0.20% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.74% | 4.33% | -0.59% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.00% | 4.01% | +0.99% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.26% | 4.25% | +1.01% |