PHYSX vs. DFGEX
PHYSX (PIA High Yield Fund) and DFGEX (DFA Global Real Estate Securities Portfolio) are both mutual funds - PHYSX is a High Yield Bonds fund managed by PIA Mutual Funds, while DFGEX is a REIT fund managed by Dimensional. Over the past 10 years, PHYSX returned 5.41%/yr vs 4.09%/yr for DFGEX. At a 0.29 correlation, their price movements are largely independent. PHYSX charges 0.86%/yr vs 0.14%/yr for DFGEX.
Performance
PHYSX vs. DFGEX - Performance Comparison
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Returns By Period
In the year-to-date period, PHYSX achieves a 1.22% return, which is significantly lower than DFGEX's 9.93% return. Over the past 10 years, PHYSX has outperformed DFGEX with an annualized return of 5.41%, while DFGEX has yielded a comparatively lower 4.09% annualized return.
PHYSX
- 1D
- -0.12%
- 1M
- 1.03%
- YTD
- 1.22%
- 6M
- 1.53%
- 1Y
- 2.80%
- 3Y*
- 6.95%
- 5Y*
- 3.58%
- 10Y*
- 5.41%
DFGEX
- 1D
- 0.96%
- 1M
- -0.00%
- YTD
- 9.93%
- 6M
- 10.25%
- 1Y
- 10.85%
- 3Y*
- 11.06%
- 5Y*
- 2.22%
- 10Y*
- 4.09%
PHYSX vs. DFGEX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
PHYSX PIA High Yield Fund | 1.22% | 1.82% | 10.33% | 16.17% | -11.70% | 7.36% | 8.03% | 11.06% | -2.77% | 8.04% |
DFGEX DFA Global Real Estate Securities Portfolio | 9.93% | 7.92% | 1.92% | 9.54% | -23.84% | 31.03% | -6.71% | 26.32% | -4.12% | 5.95% |
Correlation
The correlation between PHYSX and DFGEX is 0.29, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.29 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.36 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.38 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.32 |
Correlation (All Time) Calculated using the full available price history since Aug 3, 2012 | 0.29 |
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Return for Risk
PHYSX vs. DFGEX — Risk / Return Rank
PHYSX
DFGEX
PHYSX vs. DFGEX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for PIA High Yield Fund (PHYSX) and DFA Global Real Estate Securities Portfolio (DFGEX). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| PHYSX | DFGEX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.07 | ||
| Sortino ratioReturn per unit of downside risk | -0.14 | ||
| Omega ratioGain probability vs. loss probability | 1.19 | 1.18 | +0.01 |
| Calmar ratioReturn relative to maximum drawdown | 0.80 | 1.36 | -0.56 |
| Martin ratioReturn relative to average drawdown | 2.35 | 4.73 | -2.38 |
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Drawdowns
PHYSX vs. DFGEX - Drawdown Comparison
The maximum PHYSX drawdown since its inception was -24.10%, smaller than the maximum DFGEX drawdown of -42.67%. Use the drawdown chart below to compare losses from any high point for PHYSX and DFGEX.
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Drawdown Indicators
| PHYSX | DFGEX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -24.10% | -42.67% | +18.57% |
Max Drawdown (1Y)Largest decline over 1 year | -3.82% | -9.04% | +5.22% |
Max Drawdown (3Y)Largest decline over 3 years | -6.11% | -17.37% | +11.26% |
Max Drawdown (5Y)Largest decline over 5 years | -13.99% | -32.78% | +18.79% |
Max Drawdown (10Y)Largest decline over 10 years | -19.86% | -42.67% | +22.81% |
Current DrawdownCurrent decline from peak | -0.12% | -1.79% | +1.67% |
Average DrawdownAverage peak-to-trough decline | -1.88% | -9.61% | +7.73% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.30% | 2.59% | -1.29% |
Volatility
PHYSX vs. DFGEX - Volatility Comparison
The current volatility for PIA High Yield Fund (PHYSX) is 0.65%, while DFA Global Real Estate Securities Portfolio (DFGEX) has a volatility of 4.25%. This indicates that PHYSX experiences smaller price fluctuations and is considered to be less risky than DFGEX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PHYSX | DFGEX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.65% | 4.25% | -3.60% |
Volatility (6M)Calculated over the trailing 6-month period | 2.56% | 9.20% | -6.64% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.23% | 12.17% | -8.94% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.06% | 16.29% | -12.23% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.09% | 17.74% | -13.65% |
PHYSX vs. DFGEX - Expense Ratio Comparison
PHYSX has a 0.86% expense ratio, which is higher than DFGEX's 0.14% expense ratio.
Dividends
PHYSX vs. DFGEX - Dividend Comparison
PHYSX's dividend yield for the trailing twelve months is around 7.36%, more than DFGEX's 3.71% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DFGEX DFA Global Real Estate Securities Portfolio | 3.71% | 4.07% | 3.78% | 3.36% | 5.70% | 4.50% | 2.29% | 6.95% | 5.09% | 0.64% | 0.32% | 2.45% |
PHYSX PIA High Yield Fund | 7.36% | 8.44% | 7.66% | 7.12% | 7.60% | 6.14% | 6.31% | 6.76% | 6.51% | 6.37% | 6.10% | 6.40% |
Frequently Asked Questions
PHYSX and DFGEX have a correlation of 0.29, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
DFGEX has higher volatility (4.25%) compared to PHYSX (0.65%). In terms of maximum drawdown, PHYSX dropped -24.10% vs DFGEX's -42.67%.
DFGEX currently has the higher Sharpe Ratio (1.01 vs 0.95), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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