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TYHYX vs. HFXI
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Correlation

The correlation between TYHYX and HFXI is 0.48, 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.


Performance

TYHYX vs. HFXI - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Pioneer High Yield Fund (TYHYX) and IQ 50 Percent Hedged FTSE International ETF (HFXI). The values are adjusted to include any dividend payments, if applicable.

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Key characteristics

Sharpe Ratio

TYHYX:

1.83

HFXI:

0.54

Sortino Ratio

TYHYX:

2.60

HFXI:

0.87

Omega Ratio

TYHYX:

1.44

HFXI:

1.12

Calmar Ratio

TYHYX:

1.75

HFXI:

0.66

Martin Ratio

TYHYX:

6.71

HFXI:

2.47

Ulcer Index

TYHYX:

1.05%

HFXI:

3.59%

Daily Std Dev

TYHYX:

3.84%

HFXI:

16.20%

Max Drawdown

TYHYX:

-44.82%

HFXI:

-32.42%

Current Drawdown

TYHYX:

-1.08%

HFXI:

-0.49%

Returns By Period

In the year-to-date period, TYHYX achieves a 1.05% return, which is significantly lower than HFXI's 10.21% return.


TYHYX

YTD

1.05%

1M

3.08%

6M

1.13%

1Y

7.06%

5Y*

6.81%

10Y*

4.02%

HFXI

YTD

10.21%

1M

9.74%

6M

9.92%

1Y

8.67%

5Y*

13.79%

10Y*

N/A

*Annualized

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TYHYX vs. HFXI - Expense Ratio Comparison

TYHYX has a 0.85% expense ratio, which is higher than HFXI's 0.20% expense ratio.


Risk-Adjusted Performance

TYHYX vs. HFXI — Risk-Adjusted Performance Rank

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

TYHYX
The Risk-Adjusted Performance Rank of TYHYX is 9191
Overall Rank
The Sharpe Ratio Rank of TYHYX is 9292
Sharpe Ratio Rank
The Sortino Ratio Rank of TYHYX is 9191
Sortino Ratio Rank
The Omega Ratio Rank of TYHYX is 9292
Omega Ratio Rank
The Calmar Ratio Rank of TYHYX is 9191
Calmar Ratio Rank
The Martin Ratio Rank of TYHYX is 9090
Martin Ratio Rank

HFXI
The Risk-Adjusted Performance Rank of HFXI is 5656
Overall Rank
The Sharpe Ratio Rank of HFXI is 5252
Sharpe Ratio Rank
The Sortino Ratio Rank of HFXI is 5050
Sortino Ratio Rank
The Omega Ratio Rank of HFXI is 4949
Omega Ratio Rank
The Calmar Ratio Rank of HFXI is 6464
Calmar Ratio Rank
The Martin Ratio Rank of HFXI is 6262
Martin Ratio Rank
The risk-adjusted ranks indicate the investment's position relative to the market. A rank closer to 100 signifies top-performing investments, while a rank closer to 0 might suggest underperformance, based on the selected ratio. The values are calculated based on the past 12 months of returns.

TYHYX vs. HFXI - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for Pioneer High Yield Fund (TYHYX) and IQ 50 Percent Hedged FTSE International ETF (HFXI). 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.


The current TYHYX Sharpe Ratio is 1.83, which is higher than the HFXI Sharpe Ratio of 0.54. The chart below compares the historical Sharpe Ratios of TYHYX and HFXI, 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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Dividends

TYHYX vs. HFXI - Dividend Comparison

TYHYX's dividend yield for the trailing twelve months is around 6.21%, more than HFXI's 2.32% yield.


TTM20242023202220212020201920182017201620152014
TYHYX
Pioneer High Yield Fund
6.21%6.07%5.50%5.94%4.47%5.25%5.20%5.13%5.07%5.21%6.05%5.12%
HFXI
IQ 50 Percent Hedged FTSE International ETF
2.32%2.68%2.49%4.65%3.10%2.00%3.19%4.33%2.55%3.47%0.78%0.00%

Drawdowns

TYHYX vs. HFXI - Drawdown Comparison

The maximum TYHYX drawdown since its inception was -44.82%, which is greater than HFXI's maximum drawdown of -32.42%. Use the drawdown chart below to compare losses from any high point for TYHYX and HFXI. For additional features, visit the drawdowns tool.


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Volatility

TYHYX vs. HFXI - Volatility Comparison

The current volatility for Pioneer High Yield Fund (TYHYX) is 1.45%, while IQ 50 Percent Hedged FTSE International ETF (HFXI) has a volatility of 3.94%. This indicates that TYHYX experiences smaller price fluctuations and is considered to be less risky than HFXI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.


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