PHYSX vs. MTGDX
Compare and contrast key facts about PIA High Yield Fund (PHYSX) and Morgan Stanley Mortgage Securities Trust (MTGDX).
PHYSX is managed by PIA Mutual Funds. It was launched on Dec 31, 2010. MTGDX is managed by Morgan Stanley. It was launched on Jul 28, 1997.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: PHYSX or MTGDX.
Correlation
The correlation between PHYSX and MTGDX is 0.12, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Performance
PHYSX vs. MTGDX - Performance Comparison
Key characteristics
PHYSX:
3.43
MTGDX:
2.69
PHYSX:
4.97
MTGDX:
4.00
PHYSX:
1.77
MTGDX:
1.53
PHYSX:
8.33
MTGDX:
5.30
PHYSX:
32.18
MTGDX:
13.75
PHYSX:
0.29%
MTGDX:
0.92%
PHYSX:
2.71%
MTGDX:
4.70%
PHYSX:
-19.86%
MTGDX:
-12.97%
PHYSX:
-0.77%
MTGDX:
0.00%
Returns By Period
In the year-to-date period, PHYSX achieves a -0.06% return, which is significantly lower than MTGDX's 1.97% return. Over the past 10 years, PHYSX has outperformed MTGDX with an annualized return of 5.45%, while MTGDX has yielded a comparatively lower 4.19% annualized return.
PHYSX
-0.06%
-0.77%
2.86%
8.92%
5.97%
5.45%
MTGDX
1.97%
1.17%
3.43%
11.74%
3.71%
4.19%
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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.
Risk-Adjusted Performance
PHYSX vs. MTGDX — Risk-Adjusted Performance Rank
PHYSX
MTGDX
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.
Dividends
PHYSX vs. MTGDX - Dividend Comparison
PHYSX's dividend yield for the trailing twelve months is around 7.10%, less than MTGDX's 7.52% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PHYSX PIA High Yield Fund | 7.10% | 7.68% | 7.40% | 8.23% | 6.13% | 6.30% | 6.61% | 6.52% | 6.39% | 6.10% | 6.41% | 5.82% |
MTGDX Morgan Stanley Mortgage Securities Trust | 7.52% | 8.30% | 6.83% | 6.30% | 3.47% | 3.83% | 3.94% | 4.13% | 4.69% | 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.
Volatility
PHYSX vs. MTGDX - Volatility Comparison
The current volatility for PIA High Yield Fund (PHYSX) is 0.78%, while Morgan Stanley Mortgage Securities Trust (MTGDX) has a volatility of 1.14%. This indicates that PHYSX experiences smaller price fluctuations and is considered to be less risky than MTGDX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.