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SFHIX vs. FLYRX
Performance
Return for Risk
Dividends
Drawdowns
Volatility

Performance

SFHIX vs. FLYRX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Shenkman Capital Floating Rate High Income Fund (SFHIX) and Pioneer Floating Rate Fund (FLYRX). The values are adjusted to include any dividend payments, if applicable.

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SFHIX vs. FLYRX - Yearly Performance Comparison


2026 (YTD)202520242023202220212020201920182017
SFHIX
Shenkman Capital Floating Rate High Income Fund
-1.02%5.70%8.14%11.50%-0.95%3.90%1.77%588.11%0.53%3.64%
FLYRX
Pioneer Floating Rate Fund
-0.60%4.90%6.94%8.31%-3.26%4.32%2.10%7.57%0.17%3.74%

Returns By Period

In the year-to-date period, SFHIX achieves a -1.02% return, which is significantly lower than FLYRX's -0.60% return. Over the past 10 years, SFHIX has outperformed FLYRX with an annualized return of 26.07%, while FLYRX has yielded a comparatively lower 3.91% annualized return.


SFHIX

1D
-0.11%
1M
0.69%
YTD
-1.02%
6M
0.21%
1Y
4.11%
3Y*
7.06%
5Y*
5.11%
10Y*
26.07%

FLYRX

1D
0.00%
1M
-0.00%
YTD
-0.60%
6M
0.51%
1Y
3.59%
3Y*
5.58%
5Y*
3.73%
10Y*
3.91%
*Multi-year figures are annualized to reflect compound growth (CAGR)

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SFHIX vs. FLYRX - Expense Ratio Comparison

SFHIX has a 0.54% expense ratio, which is lower than FLYRX's 0.75% expense ratio.


Return for Risk

SFHIX vs. FLYRX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

SFHIX
SFHIX Risk / Return Rank: 8181
Overall Rank
SFHIX Sharpe Ratio Rank: 8888
Sharpe Ratio Rank
SFHIX Sortino Ratio Rank: 8989
Sortino Ratio Rank
SFHIX Omega Ratio Rank: 9494
Omega Ratio Rank
SFHIX Calmar Ratio Rank: 7474
Calmar Ratio Rank
SFHIX Martin Ratio Rank: 5959
Martin Ratio Rank

FLYRX
FLYRX Risk / Return Rank: 8686
Overall Rank
FLYRX Sharpe Ratio Rank: 8080
Sharpe Ratio Rank
FLYRX Sortino Ratio Rank: 8989
Sortino Ratio Rank
FLYRX Omega Ratio Rank: 9393
Omega Ratio Rank
FLYRX Calmar Ratio Rank: 8686
Calmar Ratio Rank
FLYRX Martin Ratio Rank: 8282
Martin Ratio Rank
The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

SFHIX vs. FLYRX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Shenkman Capital Floating Rate High Income Fund (SFHIX) and Pioneer Floating Rate Fund (FLYRX). 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.


SFHIXFLYRXDifference

Sharpe ratio

Return per unit of total volatility

1.79

1.46

+0.33

Sortino ratio

Return per unit of downside risk

2.50

2.49

0.00

Omega ratio

Gain probability vs. loss probability

1.49

1.47

+0.02

Calmar ratio

Return relative to maximum drawdown

1.71

2.23

-0.51

Martin ratio

Return relative to average drawdown

5.65

8.24

-2.59

SFHIX vs. FLYRX - Sharpe Ratio Comparison

The current SFHIX Sharpe Ratio is 1.79, which is comparable to the FLYRX Sharpe Ratio of 1.46. The chart below compares the historical Sharpe Ratios of SFHIX and FLYRX, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.


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Sharpe Ratios by Period


SFHIXFLYRXDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

1.79

1.46

+0.33

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

2.59

1.42

+1.17

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.56

1.10

-0.54

Sharpe Ratio (All Time)

Calculated using the full available price history

0.52

1.02

-0.50

Correlation

The correlation between SFHIX and FLYRX is 0.50, 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

SFHIX vs. FLYRX - Dividend Comparison

SFHIX's dividend yield for the trailing twelve months is around 7.01%, more than FLYRX's 6.83% yield.


TTM20252024202320222021202020192018201720162015
SFHIX
Shenkman Capital Floating Rate High Income Fund
7.01%7.61%8.07%8.06%4.99%3.20%3.93%142.83%5.03%4.00%4.22%4.58%
FLYRX
Pioneer Floating Rate Fund
6.83%7.48%5.87%6.45%5.40%3.46%3.91%5.01%4.70%4.13%3.88%3.85%

Drawdowns

SFHIX vs. FLYRX - Drawdown Comparison

The maximum SFHIX drawdown since its inception was -19.94%, smaller than the maximum FLYRX drawdown of -30.67%. Use the drawdown chart below to compare losses from any high point for SFHIX and FLYRX.


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Drawdown Indicators


SFHIXFLYRXDifference

Max Drawdown

Largest peak-to-trough decline

-19.94%

-30.67%

+10.73%

Max Drawdown (1Y)

Largest decline over 1 year

-2.25%

-1.64%

-0.61%

Max Drawdown (5Y)

Largest decline over 5 years

-5.57%

-6.61%

+1.04%

Max Drawdown (10Y)

Largest decline over 10 years

-19.94%

-19.05%

-0.89%

Current Drawdown

Current decline from peak

-1.46%

-0.60%

-0.86%

Average Drawdown

Average peak-to-trough decline

-0.84%

-2.00%

+1.16%

Ulcer Index

Depth and duration of drawdowns from previous peaks

0.68%

0.49%

+0.19%

Volatility

SFHIX vs. FLYRX - Volatility Comparison

The current volatility for Shenkman Capital Floating Rate High Income Fund (SFHIX) is 0.70%, while Pioneer Floating Rate Fund (FLYRX) has a volatility of 0.74%. This indicates that SFHIX experiences smaller price fluctuations and is considered to be less risky than FLYRX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.


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Volatility by Period


SFHIXFLYRXDifference

Volatility (1M)

Calculated over the trailing 1-month period

0.70%

0.74%

-0.04%

Volatility (6M)

Calculated over the trailing 6-month period

1.34%

1.82%

-0.48%

Volatility (1Y)

Calculated over the trailing 1-year period

2.16%

2.77%

-0.61%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

1.98%

2.65%

-0.67%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

46.68%

3.57%

+43.11%