PIAMX vs. FHRRX
Compare and contrast key facts about PIA High Yield (MACS) Fund (PIAMX) and Franklin High Income Fund (FHRRX).
PIAMX is managed by PIA Mutual Funds. It was launched on Dec 26, 2017. FHRRX is managed by Franklin Templeton. It was launched on May 1, 2013.
Performance
PIAMX vs. FHRRX - Performance Comparison
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PIAMX vs. FHRRX - 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% |
FHRRX Franklin High Income Fund | -1.19% | 7.51% | 8.12% | 14.21% | -9.60% | 5.78% | 6.49% | 15.26% | -4.47% |
Returns By Period
In the year-to-date period, PIAMX achieves a -1.83% return, which is significantly lower than FHRRX's -1.19% return.
PIAMX
- 1D
- 0.38%
- 1M
- -1.87%
- YTD
- -1.83%
- 6M
- -2.54%
- 1Y
- 1.82%
- 3Y*
- 7.30%
- 5Y*
- 3.89%
- 10Y*
- —
FHRRX
- 1D
- 0.58%
- 1M
- -1.70%
- YTD
- -1.19%
- 6M
- 0.51%
- 1Y
- 6.85%
- 3Y*
- 7.99%
- 5Y*
- 4.38%
- 10Y*
- 6.46%
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PIAMX vs. FHRRX - Expense Ratio Comparison
PIAMX has a 0.20% expense ratio, which is lower than FHRRX's 0.50% expense ratio.
Return for Risk
PIAMX vs. FHRRX — Risk / Return Rank
PIAMX
FHRRX
PIAMX vs. FHRRX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for PIA High Yield (MACS) Fund (PIAMX) and Franklin High Income Fund (FHRRX). 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 | FHRRX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.45 | 1.41 | -0.96 |
Sortino ratioReturn per unit of downside risk | 0.60 | 1.92 | -1.33 |
Omega ratioGain probability vs. loss probability | 1.10 | 1.50 | -0.40 |
Calmar ratioReturn relative to maximum drawdown | 0.41 | 2.36 | -1.95 |
Martin ratioReturn relative to average drawdown | 1.25 | 11.11 | -9.86 |
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 | FHRRX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.45 | 1.41 | -0.96 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.97 | 0.75 | +0.22 |
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 | 0.67 | +0.49 |
Correlation
The correlation between PIAMX and FHRRX is 0.56, 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. FHRRX - Dividend Comparison
PIAMX's dividend yield for the trailing twelve months is around 8.48%, more than FHRRX's 6.13% 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% |
FHRRX Franklin High Income Fund | 6.13% | 4.91% | 6.63% | 6.36% | 6.28% | 5.09% | 5.48% | 5.71% | 6.36% | 5.74% | 6.14% | 7.53% |
Drawdowns
PIAMX vs. FHRRX - Drawdown Comparison
The maximum PIAMX drawdown since its inception was -18.15%, smaller than the maximum FHRRX drawdown of -21.17%. Use the drawdown chart below to compare losses from any high point for PIAMX and FHRRX.
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Drawdown Indicators
| PIAMX | FHRRX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -18.15% | -21.17% | +3.02% |
Max Drawdown (1Y)Largest decline over 1 year | -4.17% | -2.91% | -1.26% |
Max Drawdown (5Y)Largest decline over 5 years | -13.92% | -14.02% | +0.10% |
Max Drawdown (10Y)Largest decline over 10 years | — | -20.48% | — |
Current DrawdownCurrent decline from peak | -3.13% | -1.75% | -1.38% |
Average DrawdownAverage peak-to-trough decline | -2.36% | -2.89% | +0.53% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.36% | 0.62% | +0.74% |
Volatility
PIAMX vs. FHRRX - Volatility Comparison
The current volatility for PIA High Yield (MACS) Fund (PIAMX) is 1.79%, while Franklin High Income Fund (FHRRX) has a volatility of 1.91%. This indicates that PIAMX experiences smaller price fluctuations and is considered to be less risky than FHRRX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PIAMX | FHRRX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.79% | 1.91% | -0.12% |
Volatility (6M)Calculated over the trailing 6-month period | 2.48% | 3.08% | -0.60% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.33% | 4.88% | -0.55% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.01% | 5.87% | -1.86% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.25% | 6.30% | -2.05% |