PIAMX vs. MFHVX
Compare and contrast key facts about PIA High Yield (MACS) Fund (PIAMX) and Mesirow High Yield Fund (MFHVX).
PIAMX is managed by PIA Mutual Funds. It was launched on Dec 26, 2017. MFHVX is managed by Mesirow. It was launched on Dec 3, 2018.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: PIAMX or MFHVX.
Key characteristics
| PIAMX | MFHVX | |
|---|---|---|
| YTD Return | 10.26% | 9.56% |
| 1Y Return | 15.65% | 14.21% |
| 3Y Return (Ann) | 4.37% | 2.69% |
| 5Y Return (Ann) | 6.39% | 5.02% |
| Sharpe Ratio | 5.66 | 5.53 |
| Sortino Ratio | 9.37 | 9.65 |
| Omega Ratio | 2.56 | 2.65 |
| Calmar Ratio | 7.93 | 2.67 |
| Martin Ratio | 67.00 | 64.68 |
| Ulcer Index | 0.23% | 0.22% |
| Daily Std Dev | 2.77% | 2.57% |
| Max Drawdown | -18.15% | -20.95% |
| Current Drawdown | 0.00% | 0.00% |
Correlation
The correlation between PIAMX and MFHVX is 0.76, 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.
Performance
PIAMX vs. MFHVX - Performance Comparison
In the year-to-date period, PIAMX achieves a 10.26% return, which is significantly higher than MFHVX's 9.56% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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PIAMX vs. MFHVX - Expense Ratio Comparison
PIAMX has a 0.20% expense ratio, which is lower than MFHVX's 1.43% expense ratio.
Risk-Adjusted Performance
PIAMX vs. MFHVX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for PIA High Yield (MACS) Fund (PIAMX) and Mesirow High Yield Fund (MFHVX). 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.
Dividends
PIAMX vs. MFHVX - Dividend Comparison
PIAMX's dividend yield for the trailing twelve months is around 8.37%, less than MFHVX's 9.28% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|
PIAMX PIA High Yield (MACS) Fund | 8.37% | 8.12% | 8.72% | 7.03% | 6.63% | 6.74% | 6.66% | 0.06% |
MFHVX Mesirow High Yield Fund | 9.28% | 9.67% | 8.96% | 6.49% | 7.00% | 6.79% | 0.45% | 0.00% |
Drawdowns
PIAMX vs. MFHVX - Drawdown Comparison
The maximum PIAMX drawdown since its inception was -18.15%, smaller than the maximum MFHVX drawdown of -20.95%. Use the drawdown chart below to compare losses from any high point for PIAMX and MFHVX. For additional features, visit the drawdowns tool.
Volatility
PIAMX vs. MFHVX - Volatility Comparison
The current volatility for PIA High Yield (MACS) Fund (PIAMX) is 0.64%, while Mesirow High Yield Fund (MFHVX) has a volatility of 0.69%. This indicates that PIAMX experiences smaller price fluctuations and is considered to be less risky than MFHVX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.