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PIAMX vs. PIMIX
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Key characteristics


PIAMXPIMIX
YTD Return10.26%5.45%
1Y Return15.65%11.50%
3Y Return (Ann)4.37%2.08%
5Y Return (Ann)6.39%3.28%
Sharpe Ratio5.662.42
Sortino Ratio9.373.73
Omega Ratio2.561.49
Calmar Ratio7.932.31
Martin Ratio67.0013.01
Ulcer Index0.23%0.83%
Daily Std Dev2.77%4.47%
Max Drawdown-18.15%-13.39%
Current Drawdown0.00%-1.15%

Correlation

-0.50.00.51.00.5

The correlation between PIAMX and PIMIX is 0.47, 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.

Performance

PIAMX vs. PIMIX - Performance Comparison

In the year-to-date period, PIAMX achieves a 10.26% return, which is significantly higher than PIMIX's 5.45% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.


0.00%2.00%4.00%6.00%JuneJulyAugustSeptemberOctoberNovember
6.18%
4.35%
PIAMX
PIMIX

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PIAMX vs. PIMIX - Expense Ratio Comparison

PIAMX has a 0.20% expense ratio, which is lower than PIMIX's 0.62% expense ratio.


PIMIX
PIMCO Income Fund Institutional Class
Expense ratio chart for PIMIX: current value at 0.62% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.62%
Expense ratio chart for PIAMX: current value at 0.20% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.20%

Risk-Adjusted Performance

PIAMX vs. PIMIX - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for PIA High Yield (MACS) Fund (PIAMX) and PIMCO Income Fund Institutional Class (PIMIX). 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
Sharpe ratio
The chart of Sharpe ratio for PIAMX, currently valued at 5.66, compared to the broader market0.002.004.005.66
Sortino ratio
The chart of Sortino ratio for PIAMX, currently valued at 9.37, compared to the broader market0.005.0010.009.37
Omega ratio
The chart of Omega ratio for PIAMX, currently valued at 2.56, compared to the broader market1.002.003.004.002.56
Calmar ratio
The chart of Calmar ratio for PIAMX, currently valued at 7.93, compared to the broader market0.005.0010.0015.0020.007.93
Martin ratio
The chart of Martin ratio for PIAMX, currently valued at 67.00, compared to the broader market0.0020.0040.0060.0080.00100.0067.00
PIMIX
Sharpe ratio
The chart of Sharpe ratio for PIMIX, currently valued at 2.42, compared to the broader market0.002.004.002.42
Sortino ratio
The chart of Sortino ratio for PIMIX, currently valued at 3.73, compared to the broader market0.005.0010.003.73
Omega ratio
The chart of Omega ratio for PIMIX, currently valued at 1.49, compared to the broader market1.002.003.004.001.49
Calmar ratio
The chart of Calmar ratio for PIMIX, currently valued at 2.31, compared to the broader market0.005.0010.0015.0020.002.31
Martin ratio
The chart of Martin ratio for PIMIX, currently valued at 13.01, compared to the broader market0.0020.0040.0060.0080.00100.0013.01

PIAMX vs. PIMIX - Sharpe Ratio Comparison

The current PIAMX Sharpe Ratio is 5.66, which is higher than the PIMIX Sharpe Ratio of 2.42. The chart below compares the historical Sharpe Ratios of PIAMX and PIMIX, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.


Rolling 12-month Sharpe Ratio1.002.003.004.005.006.00JuneJulyAugustSeptemberOctoberNovember
5.66
2.42
PIAMX
PIMIX

Dividends

PIAMX vs. PIMIX - Dividend Comparison

PIAMX's dividend yield for the trailing twelve months is around 8.37%, more than PIMIX's 6.21% yield.


TTM20232022202120202019201820172016201520142013
PIAMX
PIA High Yield (MACS) Fund
8.37%8.12%8.72%7.03%6.63%6.74%6.66%0.06%0.00%0.00%0.00%0.00%
PIMIX
PIMCO Income Fund Institutional Class
6.21%6.21%6.40%4.02%4.89%5.86%5.68%5.41%5.57%7.84%6.30%5.46%

Drawdowns

PIAMX vs. PIMIX - Drawdown Comparison

The maximum PIAMX drawdown since its inception was -18.15%, which is greater than PIMIX's maximum drawdown of -13.39%. Use the drawdown chart below to compare losses from any high point for PIAMX and PIMIX. For additional features, visit the drawdowns tool.


-2.00%-1.50%-1.00%-0.50%0.00%JuneJulyAugustSeptemberOctoberNovember0
-1.15%
PIAMX
PIMIX

Volatility

PIAMX vs. PIMIX - Volatility Comparison

The current volatility for PIA High Yield (MACS) Fund (PIAMX) is 0.64%, while PIMCO Income Fund Institutional Class (PIMIX) has a volatility of 1.00%. This indicates that PIAMX experiences smaller price fluctuations and is considered to be less risky than PIMIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.


0.40%0.60%0.80%1.00%1.20%1.40%JuneJulyAugustSeptemberOctoberNovember
0.64%
1.00%
PIAMX
PIMIX