PIAMX vs. BSL
PIAMX (PIA High Yield (MACS) Fund) and BSL (Blackstone Senior Floating Rate 2027 Term Fund) are both High Yield Bonds funds. Over the past 5 years, PIAMX returned 4.13%/yr vs 3.95%/yr for BSL. At a 0.23 correlation, their price movements are largely independent. PIAMX charges 0.20%/yr vs 1.50%/yr for BSL.
Performance
PIAMX vs. BSL - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, PIAMX achieves a 1.42% return, which is significantly higher than BSL's -0.89% return.
PIAMX
- 1D
- -0.12%
- 1M
- 0.96%
- YTD
- 1.42%
- 6M
- 1.62%
- 1Y
- 3.35%
- 3Y*
- 7.54%
- 5Y*
- 4.13%
- 10Y*
- —
BSL
- 1D
- 0.29%
- 1M
- 0.50%
- YTD
- -0.89%
- 6M
- -0.34%
- 1Y
- -0.46%
- 3Y*
- 10.75%
- 5Y*
- 3.95%
- 10Y*
- 5.87%
PIAMX vs. BSL - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
PIAMX PIA High Yield (MACS) Fund | 1.42% | 2.34% | 11.23% | 16.38% | -10.93% | 7.82% | 9.05% | 11.77% | -2.63% |
BSL Blackstone Senior Floating Rate 2027 Term Fund | -0.89% | 2.15% | 18.16% | 20.03% | -22.88% | 28.33% | -4.44% | 14.06% | -7.27% |
Correlation
The correlation between PIAMX and BSL is 0.17, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.17 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.19 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.24 |
Correlation (All Time) Calculated using the full available price history since Jan 29, 2018 | 0.23 |
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
PIAMX vs. BSL — Risk / Return Rank
PIAMX
BSL
PIAMX vs. BSL - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for PIA High Yield (MACS) Fund (PIAMX) and Blackstone Senior Floating Rate 2027 Term Fund (BSL). 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.
| PIAMX | BSL | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.23 | ||
| Sortino ratioReturn per unit of downside risk | +1.63 | ||
| Omega ratioGain probability vs. loss probability | 1.23 | 0.99 | +0.24 |
| Calmar ratioReturn relative to maximum drawdown | 0.96 | -0.06 | +1.02 |
| Martin ratioReturn relative to average drawdown | 2.88 | -0.14 | +3.02 |
Loading charts...
Drawdowns
PIAMX vs. BSL - Drawdown Comparison
The maximum PIAMX drawdown since its inception was -18.15%, smaller than the maximum BSL drawdown of -43.83%. Use the drawdown chart below to compare losses from any high point for PIAMX and BSL.
Loading charts...
Drawdown Indicators
| PIAMX | BSL | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -18.15% | -43.83% | +25.68% |
Max Drawdown (1Y)Largest decline over 1 year | -3.75% | -7.86% | +4.11% |
Max Drawdown (3Y)Largest decline over 3 years | -6.17% | -7.86% | +1.69% |
Max Drawdown (5Y)Largest decline over 5 years | -13.92% | -24.48% | +10.56% |
Max Drawdown (10Y)Largest decline over 10 years | — | -43.83% | — |
Current DrawdownCurrent decline from peak | -0.12% | -3.32% | +3.20% |
Average DrawdownAverage peak-to-trough decline | -2.33% | -7.34% | +5.01% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.25% | 3.35% | -2.10% |
Volatility
PIAMX vs. BSL - Volatility Comparison
The current volatility for PIA High Yield (MACS) Fund (PIAMX) is 0.58%, while Blackstone Senior Floating Rate 2027 Term Fund (BSL) has a volatility of 1.10%. This indicates that PIAMX experiences smaller price fluctuations and is considered to be less risky than BSL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| PIAMX | BSL | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.58% | 1.10% | -0.52% |
Volatility (6M)Calculated over the trailing 6-month period | 2.43% | 5.24% | -2.81% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.13% | 6.62% | -3.49% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.04% | 10.49% | -6.45% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.22% | 16.40% | -12.18% |
PIAMX vs. BSL - Expense Ratio Comparison
PIAMX has a 0.20% expense ratio, which is lower than BSL's 1.50% expense ratio.
Dividends
PIAMX vs. BSL - Dividend Comparison
PIAMX's dividend yield for the trailing twelve months is around 7.85%, less than BSL's 8.35% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BSL Blackstone Senior Floating Rate 2027 Term Fund | 8.35% | 8.45% | 9.46% | 10.76% | 6.89% | 5.75% | 7.65% | 8.15% | 9.21% | 5.93% | 5.86% | 7.27% |
PIAMX PIA High Yield (MACS) Fund | 7.85% | 9.12% | 8.49% | 8.12% | 7.99% | 8.64% | 6.63% | 6.96% | 7.14% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
PIAMX and BSL have a correlation of 0.17, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BSL has higher volatility (1.10%) compared to PIAMX (0.58%). In terms of maximum drawdown, PIAMX dropped -18.15% vs BSL's -43.83%.
PIAMX currently has the higher Sharpe Ratio (1.16 vs -0.07), 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 PIAMX and BSL
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