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PHYSX vs. MFHVX
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Performance

PHYSX vs. MFHVX - Performance Comparison

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

0.00%1.00%2.00%3.00%4.00%5.00%6.00%JuneJulyAugustSeptemberOctoberNovember
5.66%
4.42%
PHYSX
MFHVX

Returns By Period

The year-to-date returns for both stocks are quite close, with PHYSX having a 9.63% return and MFHVX slightly lower at 9.31%.


PHYSX

YTD

9.63%

1M

0.60%

6M

5.55%

1Y

13.69%

5Y (annualized)

6.27%

10Y (annualized)

5.42%

MFHVX

YTD

9.31%

1M

0.40%

6M

4.42%

1Y

13.12%

5Y (annualized)

5.04%

10Y (annualized)

N/A

Key characteristics


PHYSXMFHVX
Sharpe Ratio4.915.20
Sortino Ratio7.878.87
Omega Ratio2.302.47
Calmar Ratio12.502.91
Martin Ratio57.2259.27
Ulcer Index0.24%0.22%
Daily Std Dev2.84%2.52%
Max Drawdown-19.86%-20.95%
Current Drawdown-0.00%-0.23%

Compare stocks, funds, or ETFs

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PHYSX vs. MFHVX - Expense Ratio Comparison

PHYSX has a 0.86% expense ratio, which is lower than MFHVX's 1.43% expense ratio.


MFHVX
Mesirow High Yield Fund
Expense ratio chart for MFHVX: current value at 1.43% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%1.43%
Expense ratio chart for PHYSX: current value at 0.86% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.86%

Correlation

-0.50.00.51.00.8

The correlation between PHYSX and MFHVX is 0.76, 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.

Risk-Adjusted Performance

PHYSX vs. MFHVX - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for PIA High Yield Fund (PHYSX) and Mesirow High Yield Fund (MFHVX). 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.


Sharpe ratio
The chart of Sharpe ratio for PHYSX, currently valued at 4.91, compared to the broader market-1.000.001.002.003.004.005.004.915.20
The chart of Sortino ratio for PHYSX, currently valued at 7.87, compared to the broader market0.005.0010.007.878.87
The chart of Omega ratio for PHYSX, currently valued at 2.30, compared to the broader market1.002.003.004.002.302.47
The chart of Calmar ratio for PHYSX, currently valued at 12.50, compared to the broader market0.005.0010.0015.0020.0025.0012.502.91
The chart of Martin ratio for PHYSX, currently valued at 57.22, compared to the broader market0.0020.0040.0060.0080.00100.0057.2259.27
PHYSX
MFHVX

The current PHYSX Sharpe Ratio is 4.91, which is comparable to the MFHVX Sharpe Ratio of 5.20. The chart below compares the historical Sharpe Ratios of PHYSX and MFHVX, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Rolling 12-month Sharpe Ratio3.504.004.505.005.50JuneJulyAugustSeptemberOctoberNovember
4.91
5.20
PHYSX
MFHVX

Dividends

PHYSX vs. MFHVX - Dividend Comparison

PHYSX's dividend yield for the trailing twelve months is around 7.49%, less than MFHVX's 9.30% yield.


TTM20232022202120202019201820172016201520142013
PHYSX
PIA High Yield Fund
7.49%7.40%8.23%6.13%6.30%6.61%6.52%6.39%6.10%6.41%5.82%6.08%
MFHVX
Mesirow High Yield Fund
9.30%9.67%8.96%6.49%7.00%6.79%0.45%0.00%0.00%0.00%0.00%0.00%

Drawdowns

PHYSX vs. MFHVX - Drawdown Comparison

The maximum PHYSX drawdown since its inception was -19.86%, smaller than the maximum MFHVX drawdown of -20.95%. Use the drawdown chart below to compare losses from any high point for PHYSX and MFHVX. For additional features, visit the drawdowns tool.


-1.20%-1.00%-0.80%-0.60%-0.40%-0.20%0.00%JuneJulyAugustSeptemberOctoberNovember
-0.00%
-0.23%
PHYSX
MFHVX

Volatility

PHYSX vs. MFHVX - Volatility Comparison

PIA High Yield Fund (PHYSX) and Mesirow High Yield Fund (MFHVX) have volatilities of 0.60% and 0.60%, 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.


0.40%0.60%0.80%1.00%1.20%JuneJulyAugustSeptemberOctoberNovember
0.60%
0.60%
PHYSX
MFHVX