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TYHYX vs. CRDOX
Performance
Return for Risk
Dividends
Drawdowns
Volatility

Performance

TYHYX vs. CRDOX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Pioneer High Yield Fund (TYHYX) and Six Circles Credit Opportunities Fund (CRDOX). The values are adjusted to include any dividend payments, if applicable.

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TYHYX vs. CRDOX - Yearly Performance Comparison


2026 (YTD)202520242023202220212020
TYHYX
Pioneer High Yield Fund
-0.80%7.99%6.55%9.17%-11.19%5.99%2.97%
CRDOX
Six Circles Credit Opportunities Fund
-1.45%7.48%8.69%8.06%-10.62%2.66%1.71%

Returns By Period

In the year-to-date period, TYHYX achieves a -0.80% return, which is significantly higher than CRDOX's -1.45% return.


TYHYX

1D
0.58%
1M
-1.69%
YTD
-0.80%
6M
0.74%
1Y
5.77%
3Y*
6.55%
5Y*
2.85%
10Y*
4.98%

CRDOX

1D
0.34%
1M
-2.43%
YTD
-1.45%
6M
0.10%
1Y
6.40%
3Y*
6.56%
5Y*
2.70%
10Y*
*Multi-year figures are annualized to reflect compound growth (CAGR)

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TYHYX vs. CRDOX - Expense Ratio Comparison

TYHYX has a 0.85% expense ratio, which is higher than CRDOX's 0.29% expense ratio.


Return for Risk

TYHYX vs. CRDOX — Risk / Return Rank

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

TYHYX
TYHYX Risk / Return Rank: 8080
Overall Rank
TYHYX Sharpe Ratio Rank: 8282
Sharpe Ratio Rank
TYHYX Sortino Ratio Rank: 8383
Sortino Ratio Rank
TYHYX Omega Ratio Rank: 8787
Omega Ratio Rank
TYHYX Calmar Ratio Rank: 7575
Calmar Ratio Rank
TYHYX Martin Ratio Rank: 7373
Martin Ratio Rank

CRDOX
CRDOX Risk / Return Rank: 8484
Overall Rank
CRDOX Sharpe Ratio Rank: 9191
Sharpe Ratio Rank
CRDOX Sortino Ratio Rank: 9292
Sortino Ratio Rank
CRDOX Omega Ratio Rank: 9393
Omega Ratio Rank
CRDOX Calmar Ratio Rank: 6868
Calmar Ratio Rank
CRDOX Martin Ratio Rank: 7474
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.

TYHYX vs. CRDOX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Pioneer High Yield Fund (TYHYX) and Six Circles Credit Opportunities Fund (CRDOX). 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.


TYHYXCRDOXDifference

Sharpe ratio

Return per unit of total volatility

1.61

2.04

-0.43

Sortino ratio

Return per unit of downside risk

2.25

2.80

-0.54

Omega ratio

Gain probability vs. loss probability

1.38

1.47

-0.09

Calmar ratio

Return relative to maximum drawdown

1.93

1.81

+0.12

Martin ratio

Return relative to average drawdown

7.80

8.08

-0.28

TYHYX vs. CRDOX - Sharpe Ratio Comparison

The current TYHYX Sharpe Ratio is 1.61, which is comparable to the CRDOX Sharpe Ratio of 2.04. The chart below compares the historical Sharpe Ratios of TYHYX and CRDOX, 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


TYHYXCRDOXDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

1.61

2.04

-0.43

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.65

0.66

-0.01

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.96

Sharpe Ratio (All Time)

Calculated using the full available price history

0.91

0.72

+0.20

Correlation

The correlation between TYHYX and CRDOX is 0.77, 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

TYHYX vs. CRDOX - Dividend Comparison

TYHYX's dividend yield for the trailing twelve months is around 5.42%, less than CRDOX's 6.34% yield.


TTM20252024202320222021202020192018201720162015
TYHYX
Pioneer High Yield Fund
5.42%5.91%4.13%4.10%5.23%4.44%5.23%5.17%5.13%4.97%5.12%6.29%
CRDOX
Six Circles Credit Opportunities Fund
6.34%5.18%6.96%6.86%5.82%2.73%0.33%0.00%0.00%0.00%0.00%0.00%

Drawdowns

TYHYX vs. CRDOX - Drawdown Comparison

The maximum TYHYX drawdown since its inception was -40.86%, which is greater than CRDOX's maximum drawdown of -15.92%. Use the drawdown chart below to compare losses from any high point for TYHYX and CRDOX.


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Drawdown Indicators


TYHYXCRDOXDifference

Max Drawdown

Largest peak-to-trough decline

-40.86%

-15.92%

-24.94%

Max Drawdown (1Y)

Largest decline over 1 year

-3.33%

-3.14%

-0.19%

Max Drawdown (5Y)

Largest decline over 5 years

-14.11%

-15.92%

+1.81%

Max Drawdown (10Y)

Largest decline over 10 years

-23.73%

Current Drawdown

Current decline from peak

-1.82%

-2.81%

+0.99%

Average Drawdown

Average peak-to-trough decline

-4.01%

-3.63%

-0.38%

Ulcer Index

Depth and duration of drawdowns from previous peaks

0.82%

0.70%

+0.12%

Volatility

TYHYX vs. CRDOX - Volatility Comparison

Pioneer High Yield Fund (TYHYX) and Six Circles Credit Opportunities Fund (CRDOX) have volatilities of 1.41% and 1.44%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.


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Volatility by Period


TYHYXCRDOXDifference

Volatility (1M)

Calculated over the trailing 1-month period

1.41%

1.44%

-0.03%

Volatility (6M)

Calculated over the trailing 6-month period

2.16%

2.19%

-0.03%

Volatility (1Y)

Calculated over the trailing 1-year period

3.70%

3.28%

+0.42%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

4.38%

4.11%

+0.27%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

5.20%

4.04%

+1.16%