PHYSX vs. RGHYX
PHYSX (PIA High Yield Fund) and RGHYX (RBC BlueBay High Yield Bond Fund) are both High Yield Bonds funds. Over the past 10 years, PHYSX returned 5.41%/yr vs 6.17%/yr for RGHYX. A 0.71 correlation means they provide meaningful diversification when combined. PHYSX charges 0.86%/yr vs 0.57%/yr for RGHYX.
Performance
PHYSX vs. RGHYX - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, PHYSX achieves a 1.22% return, which is significantly lower than RGHYX's 1.67% return. Over the past 10 years, PHYSX has underperformed RGHYX with an annualized return of 5.41%, while RGHYX has yielded a comparatively higher 6.17% annualized return.
PHYSX
- 1D
- -0.12%
- 1M
- 1.03%
- YTD
- 1.22%
- 6M
- 1.53%
- 1Y
- 2.80%
- 3Y*
- 6.95%
- 5Y*
- 3.58%
- 10Y*
- 5.41%
RGHYX
- 1D
- 0.00%
- 1M
- 0.74%
- YTD
- 1.67%
- 6M
- 1.97%
- 1Y
- 6.87%
- 3Y*
- 8.98%
- 5Y*
- 4.55%
- 10Y*
- 6.17%
PHYSX vs. RGHYX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
PHYSX PIA High Yield Fund | 1.22% | 1.82% | 10.33% | 16.17% | -11.70% | 7.36% | 8.03% | 11.06% | -2.77% | 8.04% |
RGHYX RBC BlueBay High Yield Bond Fund | 1.67% | 9.02% | 7.14% | 12.88% | -8.48% | 3.72% | 9.65% | 15.83% | -0.73% | 6.72% |
Correlation
The correlation between PHYSX and RGHYX is 0.75, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.75 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.72 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.75 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.71 |
Correlation (All Time) Calculated using the full available price history since Jan 3, 2012 | 0.71 |
The correlation between PHYSX and RGHYX has been stable across timeframes, ranging from 0.71 to 0.75 - a consistent structural relationship.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
PHYSX vs. RGHYX — Risk / Return Rank
PHYSX
RGHYX
PHYSX vs. RGHYX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for PIA High Yield Fund (PHYSX) and RBC BlueBay High Yield Bond Fund (RGHYX). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| PHYSX | RGHYX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.72 | ||
| Sortino ratioReturn per unit of downside risk | -2.81 | ||
| Omega ratioGain probability vs. loss probability | 1.19 | 1.59 | -0.40 |
| Calmar ratioReturn relative to maximum drawdown | 0.80 | 2.65 | -1.86 |
| Martin ratioReturn relative to average drawdown | 2.35 | 12.27 | -9.92 |
Loading charts...
Drawdowns
PHYSX vs. RGHYX - Drawdown Comparison
The maximum PHYSX drawdown since its inception was -24.10%, which is greater than RGHYX's maximum drawdown of -17.38%. Use the drawdown chart below to compare losses from any high point for PHYSX and RGHYX.
Loading charts...
Drawdown Indicators
| PHYSX | RGHYX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -24.10% | -17.38% | -6.72% |
Max Drawdown (1Y)Largest decline over 1 year | -3.82% | -2.65% | -1.17% |
Max Drawdown (3Y)Largest decline over 3 years | -6.11% | -4.01% | -2.10% |
Max Drawdown (5Y)Largest decline over 5 years | -13.99% | -12.79% | -1.20% |
Max Drawdown (10Y)Largest decline over 10 years | -19.86% | -17.38% | -2.48% |
Current DrawdownCurrent decline from peak | -0.12% | -0.10% | -0.02% |
Average DrawdownAverage peak-to-trough decline | -1.88% | -1.47% | -0.41% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.30% | 0.57% | +0.73% |
Volatility
PHYSX vs. RGHYX - Volatility Comparison
The current volatility for PIA High Yield Fund (PHYSX) is 0.65%, while RBC BlueBay High Yield Bond Fund (RGHYX) has a volatility of 0.69%. This indicates that PHYSX experiences smaller price fluctuations and is considered to be less risky than RGHYX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| PHYSX | RGHYX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.65% | 0.69% | -0.04% |
Volatility (6M)Calculated over the trailing 6-month period | 2.56% | 2.14% | +0.42% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.23% | 2.65% | +0.58% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.06% | 4.39% | -0.33% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.09% | 4.67% | -0.58% |
PHYSX vs. RGHYX - Expense Ratio Comparison
PHYSX has a 0.86% expense ratio, which is higher than RGHYX's 0.57% expense ratio.
Dividends
PHYSX vs. RGHYX - Dividend Comparison
PHYSX's dividend yield for the trailing twelve months is around 7.36%, more than RGHYX's 6.37% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PHYSX PIA High Yield Fund | 7.36% | 8.44% | 7.66% | 7.12% | 7.60% | 6.14% | 6.31% | 6.76% | 6.51% | 6.37% | 6.10% | 6.40% |
RGHYX RBC BlueBay High Yield Bond Fund | 6.37% | 6.68% | 6.91% | 6.22% | 6.04% | 5.29% | 5.54% | 4.88% | 6.79% | 3.88% | 4.44% | 4.38% |
Frequently Asked Questions
PHYSX and RGHYX have a correlation of 0.75, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
RGHYX has higher volatility (0.69%) compared to PHYSX (0.65%). In terms of maximum drawdown, PHYSX dropped -24.10% vs RGHYX's -17.38%.
RGHYX currently has the higher Sharpe Ratio (2.66 vs 0.95), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
Find the right allocation for PHYSX and RGHYX
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer