PIAMX vs. TRBUX
Compare and contrast key facts about PIA High Yield (MACS) Fund (PIAMX) and T. Rowe Price Ultra Short-Term Bond Fund (TRBUX).
PIAMX is managed by PIA Mutual Funds. It was launched on Dec 26, 2017. TRBUX is managed by T. Rowe Price. It was launched on Dec 3, 2012.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: PIAMX or TRBUX.
Key characteristics
| PIAMX | TRBUX | |
|---|---|---|
| YTD Return | 10.26% | 5.59% |
| 1Y Return | 15.65% | 7.09% |
| 3Y Return (Ann) | 4.37% | 3.55% |
| 5Y Return (Ann) | 6.39% | 2.93% |
| Sharpe Ratio | 5.66 | 4.14 |
| Sortino Ratio | 9.37 | 12.27 |
| Omega Ratio | 2.56 | 5.34 |
| Calmar Ratio | 7.93 | 35.60 |
| Martin Ratio | 67.00 | 73.62 |
| Ulcer Index | 0.23% | 0.10% |
| Daily Std Dev | 2.77% | 1.71% |
| Max Drawdown | -18.15% | -4.15% |
| Current Drawdown | 0.00% | 0.00% |
Correlation
The correlation between PIAMX and TRBUX is 0.15, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Performance
PIAMX vs. TRBUX - Performance Comparison
In the year-to-date period, PIAMX achieves a 10.26% return, which is significantly higher than TRBUX's 5.59% 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. TRBUX - Expense Ratio Comparison
PIAMX has a 0.20% expense ratio, which is lower than TRBUX's 0.31% expense ratio.
Risk-Adjusted Performance
PIAMX vs. TRBUX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for PIA High Yield (MACS) Fund (PIAMX) and T. Rowe Price Ultra Short-Term Bond Fund (TRBUX). 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. TRBUX - Dividend Comparison
PIAMX's dividend yield for the trailing twelve months is around 8.37%, more than TRBUX's 5.02% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
TRBUX T. Rowe Price Ultra Short-Term Bond Fund | 5.02% | 4.02% | 1.97% | 1.11% | 1.83% | 2.72% | 2.58% | 1.88% | 1.20% | 0.80% | 0.42% | 0.06% |
Drawdowns
PIAMX vs. TRBUX - Drawdown Comparison
The maximum PIAMX drawdown since its inception was -18.15%, which is greater than TRBUX's maximum drawdown of -4.15%. Use the drawdown chart below to compare losses from any high point for PIAMX and TRBUX. For additional features, visit the drawdowns tool.
Volatility
PIAMX vs. TRBUX - Volatility Comparison
PIA High Yield (MACS) Fund (PIAMX) has a higher volatility of 0.64% compared to T. Rowe Price Ultra Short-Term Bond Fund (TRBUX) at 0.41%. This indicates that PIAMX's price experiences larger fluctuations and is considered to be riskier than TRBUX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.