TMAYX vs. PIAMX
Compare and contrast key facts about Touchstone Ares Credit Opportunities Fund Class Y (TMAYX) and PIA High Yield (MACS) Fund (PIAMX).
TMAYX is an actively managed fund by Touchstone. It was launched on Aug 31, 2015. PIAMX is managed by PIA Mutual Funds. It was launched on Dec 26, 2017.
Performance
TMAYX vs. PIAMX - Performance Comparison
Loading graphics...
TMAYX vs. PIAMX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
TMAYX Touchstone Ares Credit Opportunities Fund Class Y | -0.58% | 6.15% | 8.27% | 13.25% | -8.54% | 9.47% | 4.72% | 12.39% | -2.37% |
PIAMX PIA High Yield (MACS) Fund | -2.20% | 2.34% | 11.23% | 16.38% | -10.93% | 7.82% | 9.05% | 11.77% | -2.63% |
Returns By Period
In the year-to-date period, TMAYX achieves a -0.58% return, which is significantly higher than PIAMX's -2.20% return.
TMAYX
- 1D
- 0.11%
- 1M
- -1.64%
- YTD
- -0.58%
- 6M
- -0.07%
- 1Y
- 5.70%
- 3Y*
- 7.97%
- 5Y*
- 4.71%
- 10Y*
- 4.39%
PIAMX
- 1D
- 0.26%
- 1M
- -2.36%
- YTD
- -2.20%
- 6M
- -2.91%
- 1Y
- 1.56%
- 3Y*
- 7.17%
- 5Y*
- 3.87%
- 10Y*
- —
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
TMAYX vs. PIAMX - Expense Ratio Comparison
TMAYX has a 0.78% expense ratio, which is higher than PIAMX's 0.20% expense ratio.
Return for Risk
TMAYX vs. PIAMX — Risk / Return Rank
TMAYX
PIAMX
TMAYX vs. PIAMX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Touchstone Ares Credit Opportunities Fund Class Y (TMAYX) 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.
| TMAYX | PIAMX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.62 | 0.31 | +1.31 |
Sortino ratioReturn per unit of downside risk | 2.23 | 0.41 | +1.82 |
Omega ratioGain probability vs. loss probability | 1.35 | 1.07 | +0.28 |
Calmar ratioReturn relative to maximum drawdown | 1.66 | 0.20 | +1.46 |
Martin ratioReturn relative to average drawdown | 7.82 | 0.61 | +7.21 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading graphics...
Sharpe Ratios by Period
| TMAYX | PIAMX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.62 | 0.31 | +1.31 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.01 | 0.97 | +0.04 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.87 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.83 | 1.15 | -0.32 |
Correlation
The correlation between TMAYX and PIAMX is 0.72, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Dividends
TMAYX vs. PIAMX - Dividend Comparison
TMAYX's dividend yield for the trailing twelve months is around 7.89%, less than PIAMX's 8.51% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
TMAYX Touchstone Ares Credit Opportunities Fund Class Y | 7.89% | 7.25% | 7.82% | 7.91% | 6.25% | 6.37% | 6.43% | 3.81% | 2.18% | 4.47% | 2.86% | 1.81% |
PIAMX PIA High Yield (MACS) Fund | 8.51% | 9.12% | 8.49% | 8.12% | 7.99% | 8.64% | 6.63% | 6.96% | 7.14% | 0.00% | 0.00% | 0.00% |
Drawdowns
TMAYX vs. PIAMX - Drawdown Comparison
The maximum TMAYX drawdown since its inception was -21.44%, which is greater than PIAMX's maximum drawdown of -18.15%. Use the drawdown chart below to compare losses from any high point for TMAYX and PIAMX.
Loading graphics...
Drawdown Indicators
| TMAYX | PIAMX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -21.44% | -18.15% | -3.29% |
Max Drawdown (1Y)Largest decline over 1 year | -3.17% | -4.17% | +1.00% |
Max Drawdown (5Y)Largest decline over 5 years | -13.66% | -13.92% | +0.26% |
Max Drawdown (10Y)Largest decline over 10 years | -21.44% | — | — |
Current DrawdownCurrent decline from peak | -1.91% | -3.50% | +1.59% |
Average DrawdownAverage peak-to-trough decline | -2.13% | -2.36% | +0.23% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.67% | 1.37% | -0.70% |
Volatility
TMAYX vs. PIAMX - Volatility Comparison
The current volatility for Touchstone Ares Credit Opportunities Fund Class Y (TMAYX) is 1.03%, while PIA High Yield (MACS) Fund (PIAMX) has a volatility of 1.72%. This indicates that TMAYX 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 graphics...
Volatility by Period
| TMAYX | PIAMX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.03% | 1.72% | -0.69% |
Volatility (6M)Calculated over the trailing 6-month period | 1.90% | 2.45% | -0.55% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.40% | 4.32% | -0.92% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.67% | 4.01% | +0.66% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.04% | 4.25% | +0.79% |