PHYSX vs. MFHVX
Compare and contrast key facts about PIA High Yield Fund (PHYSX) and Mesirow High Yield Fund (MFHVX).
PHYSX is managed by PIA Mutual Funds. It was launched on Dec 31, 2010. MFHVX is managed by Mesirow. It was launched on Dec 3, 2018.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: PHYSX or MFHVX.
Key characteristics
| PHYSX | MFHVX | |
|---|---|---|
| YTD Return | 9.63% | 9.56% |
| 1Y Return | 13.95% | 13.53% |
| 3Y Return (Ann) | 4.49% | 2.72% |
| 5Y Return (Ann) | 6.29% | 5.12% |
| Sharpe Ratio | 5.08 | 5.53 |
| Sortino Ratio | 8.35 | 9.65 |
| Omega Ratio | 2.38 | 2.65 |
| Calmar Ratio | 13.21 | 3.07 |
| Martin Ratio | 60.54 | 64.68 |
| Ulcer Index | 0.24% | 0.22% |
| Daily Std Dev | 2.90% | 2.57% |
| Max Drawdown | -19.86% | -20.95% |
| Current Drawdown | 0.00% | 0.00% |
Correlation
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.
Performance
PHYSX vs. MFHVX - Performance Comparison
The year-to-date returns for both stocks are quite close, with PHYSX having a 9.63% return and MFHVX slightly lower at 9.56%. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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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.
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.
Dividends
PHYSX vs. MFHVX - Dividend Comparison
PHYSX's dividend yield for the trailing twelve months is around 7.49%, less than MFHVX's 9.28% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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 | 9.28% | 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.
Volatility
PHYSX vs. MFHVX - Volatility Comparison
PIA High Yield Fund (PHYSX) and Mesirow High Yield Fund (MFHVX) have volatilities of 0.58% and 0.56%, 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.