PHYSX vs. FHYSX
Compare and contrast key facts about PIA High Yield Fund (PHYSX) and Federated Hermes High-Yield Strategy Portfolio (FHYSX).
PHYSX is managed by PIA Mutual Funds. It was launched on Dec 31, 2010. FHYSX is managed by Federated. It was launched on Dec 24, 2008.
Performance
PHYSX vs. FHYSX - Performance Comparison
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PHYSX vs. FHYSX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
PHYSX PIA High Yield Fund | -1.98% | 1.82% | 10.33% | 16.17% | -11.70% | 7.36% | 8.03% | 11.06% | -2.77% | 8.04% |
FHYSX Federated Hermes High-Yield Strategy Portfolio | -1.26% | 9.14% | 6.42% | 12.77% | -13.16% | 4.49% | 6.08% | 15.14% | -2.16% | 8.34% |
Returns By Period
In the year-to-date period, PHYSX achieves a -1.98% return, which is significantly lower than FHYSX's -1.26% return. Both investments have delivered pretty close results over the past 10 years, with PHYSX having a 5.46% annualized return and FHYSX not far behind at 5.44%.
PHYSX
- 1D
- 0.37%
- 1M
- -1.79%
- YTD
- -1.98%
- 6M
- -2.76%
- 1Y
- 1.32%
- 3Y*
- 6.87%
- 5Y*
- 3.32%
- 10Y*
- 5.46%
FHYSX
- 1D
- 0.52%
- 1M
- -1.60%
- YTD
- -1.26%
- 6M
- 0.52%
- 1Y
- 6.43%
- 3Y*
- 7.67%
- 5Y*
- 3.19%
- 10Y*
- 5.44%
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PHYSX vs. FHYSX - Expense Ratio Comparison
PHYSX has a 0.86% expense ratio, which is higher than FHYSX's 0.02% expense ratio.
Return for Risk
PHYSX vs. FHYSX — Risk / Return Rank
PHYSX
FHYSX
PHYSX vs. FHYSX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for PIA High Yield Fund (PHYSX) and Federated Hermes High-Yield Strategy Portfolio (FHYSX). 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.
| PHYSX | FHYSX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.30 | 1.71 | -1.41 |
Sortino ratioReturn per unit of downside risk | 0.41 | 2.43 | -2.02 |
Omega ratioGain probability vs. loss probability | 1.07 | 1.46 | -0.39 |
Calmar ratioReturn relative to maximum drawdown | 0.27 | 2.73 | -2.46 |
Martin ratioReturn relative to average drawdown | 0.79 | 11.03 | -10.24 |
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
| PHYSX | FHYSX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.30 | 1.71 | -1.41 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.83 | 0.62 | +0.21 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 1.34 | 0.95 | +0.39 |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.62 | 0.86 | +0.76 |
Correlation
The correlation between PHYSX and FHYSX is 0.62, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Dividends
PHYSX vs. FHYSX - Dividend Comparison
PHYSX's dividend yield for the trailing twelve months is around 7.95%, more than FHYSX's 5.79% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PHYSX PIA High Yield Fund | 7.95% | 8.44% | 7.66% | 7.12% | 7.60% | 6.14% | 6.31% | 6.76% | 6.51% | 6.37% | 6.10% | 6.40% |
FHYSX Federated Hermes High-Yield Strategy Portfolio | 5.79% | 6.28% | 5.84% | 5.30% | 5.27% | 4.54% | 5.74% | 6.18% | 6.61% | 6.98% | 6.45% | 8.45% |
Drawdowns
PHYSX vs. FHYSX - Drawdown Comparison
The maximum PHYSX drawdown since its inception was -24.10%, which is greater than FHYSX's maximum drawdown of -21.45%. Use the drawdown chart below to compare losses from any high point for PHYSX and FHYSX.
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Drawdown Indicators
| PHYSX | FHYSX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -24.10% | -21.45% | -2.65% |
Max Drawdown (1Y)Largest decline over 1 year | -4.00% | -2.50% | -1.50% |
Max Drawdown (5Y)Largest decline over 5 years | -13.99% | -16.93% | +2.94% |
Max Drawdown (10Y)Largest decline over 10 years | -19.86% | -21.45% | +1.59% |
Current DrawdownCurrent decline from peak | -3.23% | -1.77% | -1.46% |
Average DrawdownAverage peak-to-trough decline | -1.89% | -2.61% | +0.72% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.37% | 0.62% | +0.75% |
Volatility
PHYSX vs. FHYSX - Volatility Comparison
PIA High Yield Fund (PHYSX) has a higher volatility of 1.84% compared to Federated Hermes High-Yield Strategy Portfolio (FHYSX) at 1.38%. This indicates that PHYSX's price experiences larger fluctuations and is considered to be riskier than FHYSX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PHYSX | FHYSX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.84% | 1.38% | +0.46% |
Volatility (6M)Calculated over the trailing 6-month period | 2.56% | 2.43% | +0.13% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.34% | 3.79% | +0.55% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.02% | 5.20% | -1.18% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.09% | 5.77% | -1.68% |