PIAMX vs. FHYSX
Compare and contrast key facts about PIA High Yield (MACS) Fund (PIAMX) and Federated Hermes High-Yield Strategy Portfolio (FHYSX).
PIAMX is managed by PIA Mutual Funds. It was launched on Dec 26, 2017. FHYSX is managed by Federated. It was launched on Dec 24, 2008.
Performance
PIAMX vs. FHYSX - Performance Comparison
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PIAMX vs. FHYSX - 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% |
FHYSX Federated Hermes High-Yield Strategy Portfolio | -1.76% | 9.14% | 6.42% | 12.77% | -13.16% | 4.49% | 6.08% | 15.14% | -2.30% |
Returns By Period
In the year-to-date period, PIAMX achieves a -2.20% return, which is significantly lower than FHYSX's -1.76% return.
PIAMX
- 1D
- 0.26%
- 1M
- -2.36%
- YTD
- -2.20%
- 6M
- -2.91%
- 1Y
- 1.56%
- 3Y*
- 7.17%
- 5Y*
- 3.87%
- 10Y*
- —
FHYSX
- 1D
- 0.17%
- 1M
- -2.27%
- YTD
- -1.76%
- 6M
- 0.01%
- 1Y
- 5.88%
- 3Y*
- 7.48%
- 5Y*
- 3.11%
- 10Y*
- 5.39%
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PIAMX vs. FHYSX - Expense Ratio Comparison
PIAMX has a 0.20% expense ratio, which is higher than FHYSX's 0.02% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Return for Risk
PIAMX vs. FHYSX — Risk / Return Rank
PIAMX
FHYSX
PIAMX vs. FHYSX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for PIA High Yield (MACS) Fund (PIAMX) and Federated Hermes High-Yield Strategy Portfolio (FHYSX). 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 | FHYSX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.31 | 1.67 | -1.37 |
Sortino ratioReturn per unit of downside risk | 0.41 | 2.37 | -1.96 |
Omega ratioGain probability vs. loss probability | 1.07 | 1.45 | -0.38 |
Calmar ratioReturn relative to maximum drawdown | 0.20 | 2.36 | -2.17 |
Martin ratioReturn relative to average drawdown | 0.61 | 9.71 | -9.10 |
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 | FHYSX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.31 | 1.67 | -1.37 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.97 | 0.60 | +0.37 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.94 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.15 | 0.85 | +0.30 |
Correlation
The correlation between PIAMX and FHYSX is 0.63, 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. FHYSX - Dividend Comparison
PIAMX's dividend yield for the trailing twelve months is around 8.51%, more than FHYSX's 5.82% 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% |
FHYSX Federated Hermes High-Yield Strategy Portfolio | 5.82% | 6.28% | 5.84% | 5.30% | 5.27% | 4.54% | 5.74% | 6.18% | 6.61% | 6.98% | 6.45% | 8.45% |
Drawdowns
PIAMX vs. FHYSX - Drawdown Comparison
The maximum PIAMX drawdown since its inception was -18.15%, smaller than the maximum FHYSX drawdown of -21.45%. Use the drawdown chart below to compare losses from any high point for PIAMX and FHYSX.
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Drawdown Indicators
| PIAMX | FHYSX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -18.15% | -21.45% | +3.30% |
Max Drawdown (1Y)Largest decline over 1 year | -4.17% | -2.50% | -1.67% |
Max Drawdown (5Y)Largest decline over 5 years | -13.92% | -16.93% | +3.01% |
Max Drawdown (10Y)Largest decline over 10 years | — | -21.45% | — |
Current DrawdownCurrent decline from peak | -3.50% | -2.27% | -1.23% |
Average DrawdownAverage peak-to-trough decline | -2.36% | -2.61% | +0.25% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.37% | 0.61% | +0.76% |
Volatility
PIAMX vs. FHYSX - Volatility Comparison
PIA High Yield (MACS) Fund (PIAMX) has a higher volatility of 1.72% compared to Federated Hermes High-Yield Strategy Portfolio (FHYSX) at 1.24%. This indicates that PIAMX's price experiences larger fluctuations and is considered to be riskier than FHYSX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PIAMX | FHYSX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.72% | 1.24% | +0.48% |
Volatility (6M)Calculated over the trailing 6-month period | 2.45% | 2.37% | +0.08% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.32% | 3.76% | +0.56% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.01% | 5.20% | -1.19% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.25% | 5.76% | -1.51% |