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

Correlation

The correlation between PHYSX and MTGDX is -0.05. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.


-0.50.00.51.0
Correlation: -0.1

Performance

PHYSX vs. MTGDX - Performance Comparison

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

-4.00%-2.00%0.00%2.00%4.00%6.00%December2025FebruaryMarchApril
-2.34%
4.93%
PHYSX
MTGDX

Key characteristics

Sharpe Ratio

PHYSX:

0.88

MTGDX:

2.98

Sortino Ratio

PHYSX:

1.11

MTGDX:

4.62

Omega Ratio

PHYSX:

1.20

MTGDX:

1.59

Calmar Ratio

PHYSX:

0.58

MTGDX:

6.95

Martin Ratio

PHYSX:

2.52

MTGDX:

16.29

Ulcer Index

PHYSX:

1.41%

MTGDX:

0.82%

Daily Std Dev

PHYSX:

4.04%

MTGDX:

4.51%

Max Drawdown

PHYSX:

-19.86%

MTGDX:

-12.97%

Current Drawdown

PHYSX:

-4.42%

MTGDX:

-0.51%

Returns By Period

In the year-to-date period, PHYSX achieves a -3.73% return, which is significantly lower than MTGDX's 3.18% return. Over the past 10 years, PHYSX has outperformed MTGDX with an annualized return of 4.91%, while MTGDX has yielded a comparatively lower 4.29% annualized return.


PHYSX

YTD

-3.73%

1M

-2.29%

6M

-2.56%

1Y

3.44%

5Y*

8.16%

10Y*

4.91%

MTGDX

YTD

3.18%

1M

0.13%

6M

4.65%

1Y

13.56%

5Y*

5.27%

10Y*

4.29%

*Annualized

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PHYSX vs. MTGDX - Expense Ratio Comparison

PHYSX has a 0.86% expense ratio, which is higher than MTGDX's 0.72% expense ratio.


Expense ratio chart for PHYSX: current value is 0.86%, compared with the broader market range of 0.00% to 2.12%.0.50%1.00%1.50%2.00%
PHYSX: 0.86%
Expense ratio chart for MTGDX: current value is 0.72%, compared with the broader market range of 0.00% to 2.12%.0.50%1.00%1.50%2.00%
MTGDX: 0.72%

Risk-Adjusted Performance

PHYSX vs. MTGDX — Risk-Adjusted Performance Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

PHYSX
The Risk-Adjusted Performance Rank of PHYSX is 6868
Overall Rank
The Sharpe Ratio Rank of PHYSX is 7171
Sharpe Ratio Rank
The Sortino Ratio Rank of PHYSX is 6666
Sortino Ratio Rank
The Omega Ratio Rank of PHYSX is 7474
Omega Ratio Rank
The Calmar Ratio Rank of PHYSX is 6666
Calmar Ratio Rank
The Martin Ratio Rank of PHYSX is 6262
Martin Ratio Rank

MTGDX
The Risk-Adjusted Performance Rank of MTGDX is 9696
Overall Rank
The Sharpe Ratio Rank of MTGDX is 9696
Sharpe Ratio Rank
The Sortino Ratio Rank of MTGDX is 9696
Sortino Ratio Rank
The Omega Ratio Rank of MTGDX is 9494
Omega Ratio Rank
The Calmar Ratio Rank of MTGDX is 9898
Calmar Ratio Rank
The Martin Ratio Rank of MTGDX is 9696
Martin Ratio Rank
The risk-adjusted ranks indicate the investment's position relative to the market. A rank closer to 100 signifies top-performing investments, while a rank closer to 0 might suggest underperformance, based on the selected ratio. The values are calculated based on the past 12 months of returns.

PHYSX vs. MTGDX - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for PIA High Yield Fund (PHYSX) and Morgan Stanley Mortgage Securities Trust (MTGDX). 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.


The chart of Sharpe ratio for PHYSX, currently valued at 0.88, compared to the broader market-2.00-1.000.001.002.003.00
PHYSX: 0.88
MTGDX: 2.98
The chart of Sortino ratio for PHYSX, currently valued at 1.11, compared to the broader market-2.000.002.004.006.008.00
PHYSX: 1.11
MTGDX: 4.62
The chart of Omega ratio for PHYSX, currently valued at 1.20, compared to the broader market0.501.001.502.002.503.00
PHYSX: 1.20
MTGDX: 1.59
The chart of Calmar ratio for PHYSX, currently valued at 0.58, compared to the broader market0.002.004.006.008.0010.00
PHYSX: 0.58
MTGDX: 6.95
The chart of Martin ratio for PHYSX, currently valued at 2.52, compared to the broader market0.0010.0020.0030.0040.00
PHYSX: 2.52
MTGDX: 16.29

The current PHYSX Sharpe Ratio is 0.88, which is lower than the MTGDX Sharpe Ratio of 2.98. The chart below compares the historical Sharpe Ratios of PHYSX and MTGDX, 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 Ratio0.001.002.003.004.005.00December2025FebruaryMarchApril
0.88
2.98
PHYSX
MTGDX

Dividends

PHYSX vs. MTGDX - Dividend Comparison

PHYSX's dividend yield for the trailing twelve months is around 7.42%, more than MTGDX's 6.74% yield.


TTM20242023202220212020201920182017201620152014
PHYSX
PIA High Yield Fund
7.42%7.65%7.42%8.23%6.14%6.31%6.76%6.51%6.37%6.10%6.40%6.32%
MTGDX
Morgan Stanley Mortgage Securities Trust
6.74%7.48%6.83%6.30%3.69%3.83%5.15%4.14%4.70%4.06%5.05%7.26%

Drawdowns

PHYSX vs. MTGDX - Drawdown Comparison

The maximum PHYSX drawdown since its inception was -19.86%, which is greater than MTGDX's maximum drawdown of -12.97%. Use the drawdown chart below to compare losses from any high point for PHYSX and MTGDX. For additional features, visit the drawdowns tool.


-6.00%-5.00%-4.00%-3.00%-2.00%-1.00%0.00%December2025FebruaryMarchApril
-4.42%
-0.51%
PHYSX
MTGDX

Volatility

PHYSX vs. MTGDX - Volatility Comparison

PIA High Yield Fund (PHYSX) has a higher volatility of 3.03% compared to Morgan Stanley Mortgage Securities Trust (MTGDX) at 1.44%. This indicates that PHYSX's price experiences larger fluctuations and is considered to be riskier than MTGDX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.


0.50%1.00%1.50%2.00%2.50%3.00%December2025FebruaryMarchApril
3.03%
1.44%
PHYSX
MTGDX