PIAMX vs. CWFIX
Compare and contrast key facts about PIA High Yield (MACS) Fund (PIAMX) and Chartwell Short Duration High Yield Fund (CWFIX).
PIAMX is managed by PIA Mutual Funds. It was launched on Dec 26, 2017. CWFIX is managed by Carillon Family of Funds. It was launched on Jul 15, 2014.
Performance
PIAMX vs. CWFIX - Performance Comparison
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PIAMX vs. CWFIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
PIAMX PIA High Yield (MACS) Fund | -2.20% | 2.34% | 11.23% | 16.38% | -10.93% | 7.82% | 9.05% | 11.77% | -2.63% |
CWFIX Chartwell Short Duration High Yield Fund | -0.40% | 6.99% | 5.78% | 7.80% | -3.17% | 2.40% | 4.38% | 7.33% | 0.25% |
Returns By Period
In the year-to-date period, PIAMX achieves a -2.20% return, which is significantly lower than CWFIX's -0.40% return.
PIAMX
- 1D
- 0.26%
- 1M
- -2.36%
- YTD
- -2.20%
- 6M
- -2.91%
- 1Y
- 1.56%
- 3Y*
- 7.17%
- 5Y*
- 3.87%
- 10Y*
- —
CWFIX
- 1D
- 0.11%
- 1M
- -1.03%
- YTD
- -0.40%
- 6M
- 1.21%
- 1Y
- 5.08%
- 3Y*
- 6.16%
- 5Y*
- 3.68%
- 10Y*
- 4.00%
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PIAMX vs. CWFIX - Expense Ratio Comparison
PIAMX has a 0.20% expense ratio, which is lower than CWFIX's 0.49% expense ratio.
Return for Risk
PIAMX vs. CWFIX — Risk / Return Rank
PIAMX
CWFIX
PIAMX vs. CWFIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for PIA High Yield (MACS) Fund (PIAMX) and Chartwell Short Duration High Yield Fund (CWFIX). 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 | CWFIX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.31 | 2.99 | -2.68 |
Sortino ratioReturn per unit of downside risk | 0.41 | 4.25 | -3.84 |
Omega ratioGain probability vs. loss probability | 1.07 | 1.80 | -0.73 |
Calmar ratioReturn relative to maximum drawdown | 0.20 | 3.72 | -3.52 |
Martin ratioReturn relative to average drawdown | 0.61 | 17.45 | -16.84 |
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 | CWFIX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.31 | 2.99 | -2.68 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.97 | 1.35 | -0.38 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 1.30 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.15 | 1.08 | +0.07 |
Correlation
The correlation between PIAMX and CWFIX is 0.66, 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.
Dividends
PIAMX vs. CWFIX - Dividend Comparison
PIAMX's dividend yield for the trailing twelve months is around 8.51%, more than CWFIX's 5.22% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PIAMX PIA High Yield (MACS) Fund | 8.51% | 9.12% | 8.49% | 8.12% | 7.99% | 8.64% | 6.63% | 6.96% | 7.14% | 0.00% | 0.00% | 0.00% |
CWFIX Chartwell Short Duration High Yield Fund | 5.22% | 5.17% | 5.09% | 4.41% | 3.17% | 2.79% | 3.38% | 3.60% | 3.24% | 2.82% | 3.79% | 3.32% |
Drawdowns
PIAMX vs. CWFIX - Drawdown Comparison
The maximum PIAMX drawdown since its inception was -18.15%, which is greater than CWFIX's maximum drawdown of -12.41%. Use the drawdown chart below to compare losses from any high point for PIAMX and CWFIX.
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Drawdown Indicators
| PIAMX | CWFIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -18.15% | -12.41% | -5.74% |
Max Drawdown (1Y)Largest decline over 1 year | -4.17% | -1.37% | -2.80% |
Max Drawdown (5Y)Largest decline over 5 years | -13.92% | -6.36% | -7.56% |
Max Drawdown (10Y)Largest decline over 10 years | — | -12.41% | — |
Current DrawdownCurrent decline from peak | -3.50% | -1.03% | -2.47% |
Average DrawdownAverage peak-to-trough decline | -2.36% | -0.87% | -1.49% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.37% | 0.29% | +1.08% |
Volatility
PIAMX vs. CWFIX - Volatility Comparison
PIA High Yield (MACS) Fund (PIAMX) has a higher volatility of 1.72% compared to Chartwell Short Duration High Yield Fund (CWFIX) at 0.70%. This indicates that PIAMX's price experiences larger fluctuations and is considered to be riskier than CWFIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PIAMX | CWFIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.72% | 0.70% | +1.02% |
Volatility (6M)Calculated over the trailing 6-month period | 2.45% | 1.03% | +1.42% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.32% | 1.71% | +2.61% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.01% | 2.75% | +1.26% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.25% | 3.09% | +1.16% |