PIAMX vs. BRHYX
Compare and contrast key facts about PIA High Yield (MACS) Fund (PIAMX) and BlackRock High Yield K (BRHYX).
PIAMX is managed by PIA Mutual Funds. It was launched on Dec 26, 2017. BRHYX is managed by BlackRock. It was launched on Jan 5, 2001.
Performance
PIAMX vs. BRHYX - Performance Comparison
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PIAMX vs. BRHYX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
PIAMX PIA High Yield (MACS) Fund | -1.83% | 2.34% | 11.23% | 16.38% | -10.93% | 7.82% | 9.05% | 11.77% | -2.63% |
BRHYX BlackRock High Yield K | -1.15% | 9.44% | 8.65% | 13.26% | -11.18% | 5.47% | 5.98% | 15.65% | -3.29% |
Returns By Period
In the year-to-date period, PIAMX achieves a -1.83% return, which is significantly lower than BRHYX's -1.15% return.
PIAMX
- 1D
- 0.38%
- 1M
- -1.87%
- YTD
- -1.83%
- 6M
- -2.54%
- 1Y
- 1.82%
- 3Y*
- 7.30%
- 5Y*
- 3.89%
- 10Y*
- —
BRHYX
- 1D
- 0.57%
- 1M
- -1.53%
- YTD
- -1.15%
- 6M
- 0.50%
- 1Y
- 7.13%
- 3Y*
- 8.60%
- 5Y*
- 4.26%
- 10Y*
- 6.08%
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PIAMX vs. BRHYX - Expense Ratio Comparison
PIAMX has a 0.20% expense ratio, which is lower than BRHYX's 0.48% expense ratio.
Return for Risk
PIAMX vs. BRHYX — Risk / Return Rank
PIAMX
BRHYX
PIAMX vs. BRHYX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for PIA High Yield (MACS) Fund (PIAMX) and BlackRock High Yield K (BRHYX). 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.
| PIAMX | BRHYX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.45 | 1.83 | -1.38 |
Sortino ratioReturn per unit of downside risk | 0.60 | 2.61 | -2.01 |
Omega ratioGain probability vs. loss probability | 1.10 | 1.41 | -0.31 |
Calmar ratioReturn relative to maximum drawdown | 0.41 | 2.38 | -1.97 |
Martin ratioReturn relative to average drawdown | 1.25 | 10.96 | -9.71 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| PIAMX | BRHYX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.45 | 1.83 | -1.38 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.97 | 0.82 | +0.16 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 1.03 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.16 | 1.22 | -0.05 |
Correlation
The correlation between PIAMX and BRHYX is 0.71, 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.
Dividends
PIAMX vs. BRHYX - Dividend Comparison
PIAMX's dividend yield for the trailing twelve months is around 8.48%, more than BRHYX's 6.71% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PIAMX PIA High Yield (MACS) Fund | 8.48% | 9.12% | 8.49% | 8.12% | 7.99% | 8.64% | 6.63% | 6.96% | 7.14% | 0.00% | 0.00% | 0.00% |
BRHYX BlackRock High Yield K | 6.71% | 7.14% | 7.56% | 6.20% | 4.98% | 4.80% | 5.22% | 5.82% | 6.48% | 5.92% | 6.03% | 6.42% |
Drawdowns
PIAMX vs. BRHYX - Drawdown Comparison
The maximum PIAMX drawdown since its inception was -18.15%, smaller than the maximum BRHYX drawdown of -34.77%. Use the drawdown chart below to compare losses from any high point for PIAMX and BRHYX.
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Drawdown Indicators
| PIAMX | BRHYX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -18.15% | -34.77% | +16.62% |
Max Drawdown (1Y)Largest decline over 1 year | -4.17% | -3.26% | -0.91% |
Max Drawdown (5Y)Largest decline over 5 years | -13.92% | -15.29% | +1.37% |
Max Drawdown (10Y)Largest decline over 10 years | — | -23.20% | — |
Current DrawdownCurrent decline from peak | -3.13% | -1.71% | -1.42% |
Average DrawdownAverage peak-to-trough decline | -2.36% | -2.75% | +0.39% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.36% | 0.71% | +0.65% |
Volatility
PIAMX vs. BRHYX - Volatility Comparison
PIA High Yield (MACS) Fund (PIAMX) has a higher volatility of 1.79% compared to BlackRock High Yield K (BRHYX) at 1.45%. This indicates that PIAMX's price experiences larger fluctuations and is considered to be riskier than BRHYX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PIAMX | BRHYX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.79% | 1.45% | +0.34% |
Volatility (6M)Calculated over the trailing 6-month period | 2.48% | 2.44% | +0.04% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.33% | 4.01% | +0.32% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.01% | 5.22% | -1.21% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.25% | 5.93% | -1.68% |