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

Correlation

The correlation between PIAMX and VWEAX is 0.68, 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.


-0.50.00.51.00.7

Performance

PIAMX vs. VWEAX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in PIA High Yield (MACS) Fund (PIAMX) and Vanguard High-Yield Corporate Fund Admiral Shares (VWEAX). The values are adjusted to include any dividend payments, if applicable.

30.00%35.00%40.00%45.00%50.00%JulyAugustSeptemberOctoberNovemberDecember
48.51%
32.98%
PIAMX
VWEAX

Key characteristics

Sharpe Ratio

PIAMX:

4.34

VWEAX:

1.95

Sortino Ratio

PIAMX:

6.36

VWEAX:

2.95

Omega Ratio

PIAMX:

2.03

VWEAX:

1.43

Calmar Ratio

PIAMX:

9.69

VWEAX:

3.35

Martin Ratio

PIAMX:

46.17

VWEAX:

10.57

Ulcer Index

PIAMX:

0.24%

VWEAX:

0.59%

Daily Std Dev

PIAMX:

2.59%

VWEAX:

3.20%

Max Drawdown

PIAMX:

-18.15%

VWEAX:

-30.03%

Current Drawdown

PIAMX:

-0.57%

VWEAX:

-1.29%

Returns By Period

In the year-to-date period, PIAMX achieves a 10.93% return, which is significantly higher than VWEAX's 5.31% return.


PIAMX

YTD

10.93%

1M

0.61%

6M

5.75%

1Y

11.50%

5Y*

6.46%

10Y*

N/A

VWEAX

YTD

5.31%

1M

-0.73%

6M

3.60%

1Y

6.04%

5Y*

3.30%

10Y*

4.53%

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.


PIAMX vs. VWEAX - Expense Ratio Comparison

PIAMX has a 0.20% expense ratio, which is higher than VWEAX's 0.13% 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%.


PIAMX
PIA High Yield (MACS) Fund
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%
Expense ratio chart for VWEAX: current value at 0.13% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.13%

Risk-Adjusted Performance

PIAMX vs. VWEAX - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for PIA High Yield (MACS) Fund (PIAMX) and Vanguard High-Yield Corporate Fund Admiral Shares (VWEAX). 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.


Sharpe ratio
The chart of Sharpe ratio for PIAMX, currently valued at 4.34, compared to the broader market-1.000.001.002.003.004.004.341.95
The chart of Sortino ratio for PIAMX, currently valued at 6.36, compared to the broader market-2.000.002.004.006.008.0010.006.362.95
The chart of Omega ratio for PIAMX, currently valued at 2.03, compared to the broader market0.501.001.502.002.503.003.502.031.43
The chart of Calmar ratio for PIAMX, currently valued at 9.69, compared to the broader market0.002.004.006.008.0010.0012.0014.009.693.35
The chart of Martin ratio for PIAMX, currently valued at 46.17, compared to the broader market0.0020.0040.0060.0046.1710.57
PIAMX
VWEAX

The current PIAMX Sharpe Ratio is 4.34, which is higher than the VWEAX Sharpe Ratio of 1.95. The chart below compares the historical Sharpe Ratios of PIAMX and VWEAX, 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 Ratio2.003.004.005.006.00JulyAugustSeptemberOctoberNovemberDecember
4.34
1.95
PIAMX
VWEAX

Dividends

PIAMX vs. VWEAX - Dividend Comparison

PIAMX's dividend yield for the trailing twelve months is around 8.33%, more than VWEAX's 5.65% yield.


TTM20232022202120202019201820172016201520142013
PIAMX
PIA High Yield (MACS) Fund
8.33%8.12%8.72%7.03%6.63%6.74%6.66%0.06%0.00%0.00%0.00%0.00%
VWEAX
Vanguard High-Yield Corporate Fund Admiral Shares
5.65%5.79%5.20%4.24%4.72%5.32%6.10%5.42%5.49%5.99%5.71%5.89%

Drawdowns

PIAMX vs. VWEAX - Drawdown Comparison

The maximum PIAMX drawdown since its inception was -18.15%, smaller than the maximum VWEAX drawdown of -30.03%. Use the drawdown chart below to compare losses from any high point for PIAMX and VWEAX. For additional features, visit the drawdowns tool.


-1.20%-1.00%-0.80%-0.60%-0.40%-0.20%0.00%JulyAugustSeptemberOctoberNovemberDecember
-0.57%
-1.29%
PIAMX
VWEAX

Volatility

PIAMX vs. VWEAX - Volatility Comparison

PIA High Yield (MACS) Fund (PIAMX) has a higher volatility of 0.77% compared to Vanguard High-Yield Corporate Fund Admiral Shares (VWEAX) at 0.72%. This indicates that PIAMX's price experiences larger fluctuations and is considered to be riskier than VWEAX 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%JulyAugustSeptemberOctoberNovemberDecember
0.77%
0.72%
PIAMX
VWEAX
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Disclaimer

The information contained herein does not constitute investment advice and made available for educational purposes only. Prices and returns on equities are listed without consideration of fees, commissions, taxes, penalties, or interest payable due to purchasing, holding, or selling.

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