SIHAX vs. PIAMX
SIHAX (Guggenheim High Yield Fund) and PIAMX (PIA High Yield (MACS) Fund) are both High Yield Bonds funds. Over the past 5 years, SIHAX returned 2.93%/yr vs 4.01%/yr for PIAMX. Their 0.71 correlation means they have sometimes moved together and sometimes differently. SIHAX charges 1.05%/yr vs 0.20%/yr for PIAMX.
Performance
SIHAX vs. PIAMX - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, SIHAX achieves a 0.78% return, which is significantly lower than PIAMX's 1.53% return.
SIHAX
- 1D
- 0.21%
- 1M
- -0.61%
- 6M
- 0.47%
- YTD
- 0.78%
- 1Y
- 3.10%
- 3Y*
- 6.51%
- 5Y*
- 2.93%
- 10Y*
- 4.27%
- ALL TIME*
- 5.66%
PIAMX
- 1D
- 0.25%
- 1M
- 0.48%
- 6M
- 0.75%
- YTD
- 1.53%
- 1Y
- 2.18%
- 3Y*
- 6.91%
- 5Y*
- 4.01%
- 10Y*
- —
- ALL TIME*
- 5.15%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $0.00 | $0.00 | $0.00 |
SIHAX vs. PIAMX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
SIHAX Guggenheim High Yield Fund | 0.78% | 6.84% | 6.93% | 10.74% | -10.51% | 4.36% | 4.55% | 11.26% | -3.42% |
PIAMX PIA High Yield (MACS) Fund | 1.53% | 2.34% | 11.23% | 16.38% | -10.93% | 7.82% | 9.05% | 11.77% | -2.63% |
Correlation
The correlation between SIHAX and PIAMX is 0.69, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.69 |
Correlation (3Y) Balances recent behavior with more history. | 0.67 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.73 |
Correlation (All Time) Calculated using the full available price history since Jan 29, 2018 | 0.71 |
The correlation between SIHAX and PIAMX has been stable across timeframes, ranging from 0.67 to 0.73 - a consistent structural relationship.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
SIHAX vs. PIAMX — Risk / Return Rank
SIHAX
PIAMX
SIHAX vs. PIAMX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Guggenheim High Yield Fund (SIHAX) and PIA High Yield (MACS) Fund (PIAMX). 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.
| SIHAX | PIAMX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.25 | ||
| Sortino ratioReturn per unit of downside risk | +0.73 | ||
| Omega ratioGain probability vs. loss probability | 1.22 | 1.16 | +0.06 |
| Calmar ratioReturn relative to maximum drawdown | 1.16 | 0.68 | +0.48 |
| Martin ratioReturn relative to average drawdown | 5.37 | 2.03 | +3.33 |
Loading charts...
Drawdowns
SIHAX vs. PIAMX - Drawdown Comparison
The maximum SIHAX drawdown since its inception was -36.72%, which is greater than PIAMX's maximum drawdown of -18.15%. Use the drawdown chart below to compare losses from any high point for SIHAX and PIAMX.
Loading charts...
Drawdown Indicators
| SIHAX | PIAMX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -36.72% | -18.15% | -18.57% |
Max Drawdown (1Y)Largest decline over 1 year | -2.86% | -3.75% | +0.89% |
Max Drawdown (3Y)Largest decline over 3 years | -3.40% | -6.17% | +2.77% |
Max Drawdown (5Y)Largest decline over 5 years | -13.95% | -13.92% | -0.03% |
Max Drawdown (10Y)Largest decline over 10 years | -19.31% | — | — |
Current DrawdownCurrent decline from peak | -0.71% | -0.02% | -0.69% |
Average DrawdownAverage peak-to-trough decline | -2.61% | -2.30% | -0.31% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.62% | 1.25% | -0.63% |
Volatility
SIHAX vs. PIAMX - Volatility Comparison
The current volatility for Guggenheim High Yield Fund (SIHAX) is 0.61%, while PIA High Yield (MACS) Fund (PIAMX) has a volatility of 0.67%. This indicates that SIHAX experiences smaller price fluctuations and is considered to be less risky than PIAMX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| SIHAX | PIAMX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.61% | 0.67% | -0.06% |
Volatility (6M)Calculated over the trailing 6-month period | 2.58% | 2.54% | +0.04% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.16% | 3.16% | 0.00% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.40% | 4.05% | +0.35% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.57% | 4.20% | +0.37% |
SIHAX vs. PIAMX - Expense Ratio Comparison
SIHAX has a 1.05% expense ratio, which is higher than PIAMX's 0.20% expense ratio.
Dividends
SIHAX vs. PIAMX - Dividend Comparison
SIHAX's dividend yield for the trailing twelve months is around 5.75%, less than PIAMX's 7.07% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PIAMX PIA High Yield (MACS) Fund | 7.07% | 9.12% | 8.49% | 8.12% | 7.99% | 8.64% | 6.63% | 6.96% | 7.14% | 0.00% | 0.00% | 0.00% |
SIHAX Guggenheim High Yield Fund | 5.75% | 6.39% | 5.45% | 4.91% | 4.75% | 3.70% | 4.79% | 5.44% | 6.86% | 5.53% | 6.09% | 7.53% |
Frequently Asked Questions
SIHAX and PIAMX have a correlation of 0.69, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
PIAMX has higher volatility (0.67%) compared to SIHAX (0.61%). In terms of maximum drawdown, SIHAX dropped -36.72% vs PIAMX's -18.15%.
SIHAX currently has the higher Sharpe Ratio (1.06 vs 0.81), 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.
Find the right allocation for SIHAX and PIAMX
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer