Correlation
The correlation between PIASX and VWEAX is -0.08. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.
PIASX vs. VWEAX
Compare and contrast key facts about PIA Short Term Securities Fund (PIASX) and Vanguard High-Yield Corporate Fund Admiral Shares (VWEAX).
PIASX is managed by PIA Mutual Funds. It was launched on Apr 29, 1994. VWEAX is managed by Vanguard. It was launched on Nov 12, 2001.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: PIASX or VWEAX.
Performance
PIASX vs. VWEAX - Performance Comparison
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Key characteristics
PIASX:
4.41
VWEAX:
2.64
PIASX:
7.02
VWEAX:
3.94
PIASX:
2.48
VWEAX:
1.65
PIASX:
10.84
VWEAX:
3.43
PIASX:
50.16
VWEAX:
14.05
PIASX:
0.11%
VWEAX:
0.63%
PIASX:
1.22%
VWEAX:
3.46%
PIASX:
-2.58%
VWEAX:
-30.03%
PIASX:
-0.30%
VWEAX:
-0.00%
Returns By Period
In the year-to-date period, PIASX achieves a 1.64% return, which is significantly lower than VWEAX's 2.88% return. Over the past 10 years, PIASX has underperformed VWEAX with an annualized return of 1.97%, while VWEAX has yielded a comparatively higher 4.61% annualized return.
PIASX
1.64%
-0.00%
1.89%
5.26%
4.34%
2.37%
1.97%
VWEAX
2.88%
0.74%
2.28%
8.29%
6.02%
4.81%
4.61%
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PIASX vs. VWEAX - Expense Ratio Comparison
PIASX has a 0.39% expense ratio, which is higher than VWEAX's 0.13% expense ratio.
Risk-Adjusted Performance
PIASX vs. VWEAX — Risk-Adjusted Performance Rank
PIASX
VWEAX
PIASX vs. VWEAX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for PIA Short Term Securities Fund (PIASX) 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.
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Dividends
PIASX vs. VWEAX - Dividend Comparison
PIASX's dividend yield for the trailing twelve months is around 4.33%, less than VWEAX's 5.71% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PIASX PIA Short Term Securities Fund | 4.33% | 4.68% | 3.61% | 1.39% | 0.77% | 1.33% | 2.03% | 1.61% | 1.16% | 1.07% | 0.89% | 0.67% |
VWEAX Vanguard High-Yield Corporate Fund Admiral Shares | 5.71% | 6.18% | 5.79% | 5.20% | 4.24% | 4.72% | 5.32% | 6.10% | 5.42% | 5.52% | 6.52% | 5.71% |
Drawdowns
PIASX vs. VWEAX - Drawdown Comparison
The maximum PIASX drawdown since its inception was -2.58%, smaller than the maximum VWEAX drawdown of -30.03%. Use the drawdown chart below to compare losses from any high point for PIASX and VWEAX.
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Volatility
PIASX vs. VWEAX - Volatility Comparison
The current volatility for PIA Short Term Securities Fund (PIASX) is 0.49%, while Vanguard High-Yield Corporate Fund Admiral Shares (VWEAX) has a volatility of 0.84%. This indicates that PIASX experiences smaller price fluctuations and is considered to be less risky than VWEAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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