PIASX vs. PMTGX
Compare and contrast key facts about PIA Short Term Securities Fund (PIASX) and PIA MBS Bond Fund (PMTGX).
PIASX is managed by PIA Mutual Funds. It was launched on Apr 29, 1994. PMTGX is managed by PIA Mutual Funds. It was launched on Feb 27, 2006.
Performance
PIASX vs. PMTGX - Performance Comparison
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PIASX vs. PMTGX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
PIASX PIA Short Term Securities Fund | 0.13% | 5.09% | 5.22% | 5.62% | -1.09% | -0.02% | 1.85% | 3.16% | 1.20% | 0.95% |
PMTGX PIA MBS Bond Fund | -0.32% | 7.83% | 0.96% | 4.73% | -11.37% | -1.18% | 3.85% | 6.02% | 0.76% | 2.35% |
Returns By Period
In the year-to-date period, PIASX achieves a 0.13% return, which is significantly higher than PMTGX's -0.32% return. Over the past 10 years, PIASX has outperformed PMTGX with an annualized return of 2.28%, while PMTGX has yielded a comparatively lower 1.19% annualized return.
PIASX
- 1D
- 0.10%
- 1M
- -0.60%
- YTD
- 0.13%
- 6M
- 1.19%
- 1Y
- 3.96%
- 3Y*
- 5.00%
- 5Y*
- 2.93%
- 10Y*
- 2.28%
PMTGX
- 1D
- 0.60%
- 1M
- -2.46%
- YTD
- -0.32%
- 6M
- 1.17%
- 1Y
- 4.74%
- 3Y*
- 3.56%
- 5Y*
- 0.23%
- 10Y*
- 1.19%
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PIASX vs. PMTGX - Expense Ratio Comparison
PIASX has a 0.39% expense ratio, which is higher than PMTGX's 0.23% expense ratio.
Return for Risk
PIASX vs. PMTGX — Risk / Return Rank
PIASX
PMTGX
PIASX vs. PMTGX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for PIA Short Term Securities Fund (PIASX) and PIA MBS Bond Fund (PMTGX). 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.
| PIASX | PMTGX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 3.56 | 0.96 | +2.59 |
Sortino ratioReturn per unit of downside risk | 5.64 | 1.40 | +4.24 |
Omega ratioGain probability vs. loss probability | 2.19 | 1.17 | +1.02 |
Calmar ratioReturn relative to maximum drawdown | 5.84 | 1.72 | +4.12 |
Martin ratioReturn relative to average drawdown | 35.20 | 4.67 | +30.53 |
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
| PIASX | PMTGX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 3.56 | 0.96 | +2.59 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 2.68 | 0.04 | +2.64 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 2.38 | 0.25 | +2.13 |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.90 | 0.72 | +1.17 |
Correlation
The correlation between PIASX and PMTGX is 0.45, 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
PIASX vs. PMTGX - Dividend Comparison
PIASX's dividend yield for the trailing twelve months is around 4.10%, more than PMTGX's 3.79% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PIASX PIA Short Term Securities Fund | 4.10% | 4.57% | 4.69% | 3.61% | 1.32% | 0.78% | 1.34% | 2.01% | 1.59% | 1.15% | 1.05% | 0.81% |
PMTGX PIA MBS Bond Fund | 3.79% | 4.10% | 4.16% | 3.48% | 2.17% | 0.79% | 2.12% | 2.96% | 2.76% | 2.75% | 2.96% | 2.79% |
Drawdowns
PIASX vs. PMTGX - Drawdown Comparison
The maximum PIASX drawdown since its inception was -3.28%, smaller than the maximum PMTGX drawdown of -17.09%. Use the drawdown chart below to compare losses from any high point for PIASX and PMTGX.
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Drawdown Indicators
| PIASX | PMTGX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -3.28% | -17.09% | +13.81% |
Max Drawdown (1Y)Largest decline over 1 year | -0.70% | -3.13% | +2.43% |
Max Drawdown (5Y)Largest decline over 5 years | -2.61% | -16.86% | +14.25% |
Max Drawdown (10Y)Largest decline over 10 years | -2.61% | -17.09% | +14.48% |
Current DrawdownCurrent decline from peak | -0.60% | -2.46% | +1.86% |
Average DrawdownAverage peak-to-trough decline | -0.25% | -2.13% | +1.88% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.12% | 1.15% | -1.03% |
Volatility
PIASX vs. PMTGX - Volatility Comparison
The current volatility for PIA Short Term Securities Fund (PIASX) is 0.46%, while PIA MBS Bond Fund (PMTGX) has a volatility of 1.79%. This indicates that PIASX experiences smaller price fluctuations and is considered to be less risky than PMTGX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PIASX | PMTGX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.46% | 1.79% | -1.33% |
Volatility (6M)Calculated over the trailing 6-month period | 0.70% | 2.83% | -2.13% |
Volatility (1Y)Calculated over the trailing 1-year period | 1.09% | 4.94% | -3.85% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 1.10% | 6.22% | -5.12% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 0.96% | 4.72% | -3.76% |