PHYSX vs. PCEF
Compare and contrast key facts about PIA High Yield Fund (PHYSX) and Invesco CEF Income Composite ETF (PCEF).
PHYSX is managed by PIA Mutual Funds. It was launched on Dec 31, 2010. PCEF is a passively managed fund by Invesco that tracks the performance of the S-Network Composite Closed-End Fund Index. It was launched on Feb 19, 2010.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: PHYSX or PCEF.
Correlation
The correlation between PHYSX and PCEF is 0.45, 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.
Performance
PHYSX vs. PCEF - Performance Comparison
Key characteristics
PHYSX:
3.43
PCEF:
1.83
PHYSX:
4.97
PCEF:
2.45
PHYSX:
1.77
PCEF:
1.35
PHYSX:
8.33
PCEF:
1.52
PHYSX:
32.18
PCEF:
10.08
PHYSX:
0.29%
PCEF:
1.50%
PHYSX:
2.71%
PCEF:
8.27%
PHYSX:
-19.86%
PCEF:
-38.64%
PHYSX:
-0.77%
PCEF:
-1.48%
Returns By Period
In the year-to-date period, PHYSX achieves a -0.06% return, which is significantly lower than PCEF's 2.98% return. Over the past 10 years, PHYSX has underperformed PCEF with an annualized return of 5.45%, while PCEF has yielded a comparatively higher 6.12% annualized return.
PHYSX
-0.06%
-0.77%
2.86%
8.92%
6.01%
5.45%
PCEF
2.98%
-0.43%
5.19%
14.07%
6.04%
6.12%
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PHYSX vs. PCEF - Expense Ratio Comparison
PHYSX has a 0.86% expense ratio, which is lower than PCEF's 2.34% expense ratio.
Risk-Adjusted Performance
PHYSX vs. PCEF — Risk-Adjusted Performance Rank
PHYSX
PCEF
PHYSX vs. PCEF - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for PIA High Yield Fund (PHYSX) and Invesco CEF Income Composite ETF (PCEF). 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. PCEF - Dividend Comparison
PHYSX's dividend yield for the trailing twelve months is around 7.10%, less than PCEF's 8.59% 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% |
PCEF Invesco CEF Income Composite ETF | 8.59% | 8.79% | 9.86% | 8.93% | 6.67% | 7.54% | 7.12% | 8.21% | 6.96% | 7.72% | 9.18% | 8.02% |
Drawdowns
PHYSX vs. PCEF - Drawdown Comparison
The maximum PHYSX drawdown since its inception was -19.86%, smaller than the maximum PCEF drawdown of -38.64%. Use the drawdown chart below to compare losses from any high point for PHYSX and PCEF. For additional features, visit the drawdowns tool.
Volatility
PHYSX vs. PCEF - Volatility Comparison
The current volatility for PIA High Yield Fund (PHYSX) is 0.78%, while Invesco CEF Income Composite ETF (PCEF) has a volatility of 1.68%. This indicates that PHYSX experiences smaller price fluctuations and is considered to be less risky than PCEF based on this measure. The chart below showcases a comparison of their rolling one-month volatility.