RCRYX vs. BGH
RCRYX (Pioneer Corporate High Yield Fund) and BGH (Barings Global Short Duration High Yield Fund) are both High Yield Bonds funds. Over the past 10 years, RCRYX returned 3.80%/yr vs 7.40%/yr for BGH. Their 0.32 correlation means their historical movements had little consistent relationship. RCRYX charges 0.60%/yr vs 3.95%/yr for BGH.
Performance
RCRYX vs. BGH - Performance Comparison
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Returns By Period
In the year-to-date period, RCRYX achieves a 2.15% return, which is significantly higher than BGH's -0.78% return. Over the past 10 years, RCRYX has underperformed BGH with an annualized return of 3.80%, while BGH has yielded a comparatively higher 7.40% annualized return.
RCRYX
- 1D
- 0.24%
- 1M
- -0.12%
- 6M
- 1.07%
- YTD
- 2.15%
- 1Y
- 5.20%
- 3Y*
- 7.05%
- 5Y*
- 2.67%
- 10Y*
- 3.80%
- ALL TIME*
- 4.09%
BGH
- 1D
- 0.21%
- 1M
- -0.35%
- 6M
- -2.16%
- YTD
- -0.78%
- 1Y
- 0.13%
- 3Y*
- 13.43%
- 5Y*
- 6.56%
- 10Y*
- 7.40%
- ALL TIME*
- 6.21%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $973.48K | $1.13M | $1.18M | |
| $0.00 | $0.00 | $0.00 |
RCRYX vs. BGH - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
RCRYX Pioneer Corporate High Yield Fund | 2.15% | 7.00% | 8.07% | 8.30% | -12.08% | 5.65% | 4.25% | 9.77% | -2.08% | 5.67% |
BGH Barings Global Short Duration High Yield Fund | -0.78% | 8.56% | 27.22% | 18.18% | -19.89% | 24.10% | -4.54% | 21.53% | -8.65% | 10.49% |
Correlation
The correlation between RCRYX and BGH is 0.30, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.30 |
Correlation (3Y) Balances recent behavior with more history. | 0.28 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.38 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.34 |
Correlation (All Time) Calculated using the full available price history since Oct 26, 2012 | 0.32 |
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Return for Risk
RCRYX vs. BGH — Risk / Return Rank
RCRYX
BGH
RCRYX vs. BGH - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Pioneer Corporate High Yield Fund (RCRYX) and Barings Global Short Duration High Yield Fund (BGH). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| RCRYX | BGH | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.22 | ||
| Sortino ratioReturn per unit of downside risk | +1.81 | ||
| Omega ratioGain probability vs. loss probability | 1.55 | 1.01 | +0.54 |
| Calmar ratioReturn relative to maximum drawdown | 1.82 | -0.00 | +1.82 |
| Martin ratioReturn relative to average drawdown | 14.49 | -0.00 | +14.49 |
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Drawdowns
RCRYX vs. BGH - Drawdown Comparison
The maximum RCRYX drawdown since its inception was -21.13%, smaller than the maximum BGH drawdown of -48.73%. Use the drawdown chart below to compare losses from any high point for RCRYX and BGH.
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Drawdown Indicators
| RCRYX | BGH | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -21.13% | -48.73% | +27.60% |
Max Drawdown (1Y)Largest decline over 1 year | -3.23% | -16.90% | +13.67% |
Max Drawdown (3Y)Largest decline over 3 years | -3.94% | -16.90% | +12.96% |
Max Drawdown (5Y)Largest decline over 5 years | -14.92% | -26.62% | +11.70% |
Max Drawdown (10Y)Largest decline over 10 years | -21.13% | -48.73% | +27.60% |
Current DrawdownCurrent decline from peak | -0.38% | -8.50% | +8.12% |
Average DrawdownAverage peak-to-trough decline | -2.42% | -7.33% | +4.91% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.41% | 8.72% | -8.31% |
Volatility
RCRYX vs. BGH - Volatility Comparison
The current volatility for Pioneer Corporate High Yield Fund (RCRYX) is 0.51%, while Barings Global Short Duration High Yield Fund (BGH) has a volatility of 3.11%. This indicates that RCRYX experiences smaller price fluctuations and is considered to be less risky than BGH based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| RCRYX | BGH | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.51% | 3.11% | -2.60% |
Volatility (6M)Calculated over the trailing 6-month period | 4.56% | 8.47% | -3.91% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.81% | 11.64% | -6.83% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.57% | 13.19% | -8.62% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.67% | 15.94% | -11.27% |
RCRYX vs. BGH - Expense Ratio Comparison
RCRYX has a 0.60% expense ratio, which is lower than BGH's 3.95% expense ratio.
Dividends
RCRYX vs. BGH - Dividend Comparison
RCRYX's dividend yield for the trailing twelve months is around 5.20%, less than BGH's 12.18% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BGH Barings Global Short Duration High Yield Fund | 12.18% | 11.38% | 9.72% | 10.66% | 9.99% | 7.31% | 9.10% | 10.14% | 12.11% | 9.50% | 9.61% | 13.31% |
RCRYX Pioneer Corporate High Yield Fund | 5.20% | 5.39% | 5.13% | 3.95% | 4.45% | 4.71% | 4.76% | 4.51% | 4.44% | 5.01% | 6.44% | 4.43% |
Frequently Asked Questions
RCRYX and BGH have a correlation of 0.30, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BGH has higher volatility (3.11%) compared to RCRYX (0.51%). In terms of maximum drawdown, RCRYX dropped -21.13% vs BGH's -48.73%.
RCRYX currently has the higher Sharpe Ratio (1.22 vs -0.00), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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