TYHYX vs. ICMUX
TYHYX (Pioneer High Yield Fund) and ICMUX (Intrepid Income Fund) are both mutual funds - TYHYX is a High Yield Bonds fund managed by Amundi, while ICMUX is a Multisector Bonds fund actively managed by Intrepid. Over the past 10 years, TYHYX returned 4.45%/yr vs 5.73%/yr for ICMUX. Their 0.47 correlation means their historical movements had little consistent relationship. TYHYX charges 0.85%/yr vs 1.01%/yr for ICMUX.
Performance
TYHYX vs. ICMUX - Performance Comparison
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Returns By Period
In the year-to-date period, TYHYX achieves a 1.42% return, which is significantly lower than ICMUX's 2.85% return. Over the past 10 years, TYHYX has underperformed ICMUX with an annualized return of 4.45%, while ICMUX has yielded a comparatively higher 5.73% annualized return.
TYHYX
- 1D
- 0.11%
- 1M
- -0.79%
- 6M
- 0.71%
- YTD
- 1.42%
- 1Y
- 4.82%
- 3Y*
- 6.42%
- 5Y*
- 2.82%
- 10Y*
- 4.45%
- ALL TIME*
- 6.39%
ICMUX
- 1D
- 0.11%
- 1M
- 0.34%
- 6M
- 2.35%
- YTD
- 2.85%
- 1Y
- 6.60%
- 3Y*
- 8.93%
- 5Y*
- 6.14%
- 10Y*
- 5.73%
- ALL TIME*
- 4.87%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
ICMUX Intrepid Income Fund | $0.00 | $0.00 | $0.00 |
| $0.00 | $0.00 | $0.00 |
TYHYX vs. ICMUX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
TYHYX Pioneer High Yield Fund | 1.42% | 7.99% | 6.55% | 9.17% | -11.19% | 5.99% | 3.35% | 14.36% | -3.30% | 7.87% |
ICMUX Intrepid Income Fund | 2.85% | 8.16% | 10.43% | 10.90% | -3.17% | 10.02% | 8.77% | 4.65% | 0.53% | 3.79% |
Correlation
The correlation between TYHYX and ICMUX is 0.60, 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. | 0.60 |
Correlation (3Y) Balances recent behavior with more history. | 0.62 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.60 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.50 |
Correlation (All Time) Calculated using the full available price history since Aug 16, 2010 | 0.47 |
The correlation between TYHYX and ICMUX shifts across timeframes, from 0.47 (all time) to 0.62 (3 years), reflecting how their relationship changes across market environments.
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Return for Risk
TYHYX vs. ICMUX — Risk / Return Rank
TYHYX
ICMUX
TYHYX vs. ICMUX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Pioneer High Yield Fund (TYHYX) and Intrepid Income Fund (ICMUX). 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.
| TYHYX | ICMUX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.77 | ||
| Sortino ratioReturn per unit of downside risk | -2.79 | ||
| Omega ratioGain probability vs. loss probability | 1.35 | 1.79 | -0.44 |
| Calmar ratioReturn relative to maximum drawdown | 2.11 | 4.83 | -2.72 |
| Martin ratioReturn relative to average drawdown | 9.91 | 16.75 | -6.83 |
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Drawdowns
TYHYX vs. ICMUX - Drawdown Comparison
The maximum TYHYX drawdown since its inception was -40.86%, which is greater than ICMUX's maximum drawdown of -8.77%. Use the drawdown chart below to compare losses from any high point for TYHYX and ICMUX.
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Drawdown Indicators
| TYHYX | ICMUX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -40.86% | -8.77% | -32.09% |
Max Drawdown (1Y)Largest decline over 1 year | -2.49% | -1.34% | -1.15% |
Max Drawdown (3Y)Largest decline over 3 years | -4.05% | -3.11% | -0.94% |
Max Drawdown (5Y)Largest decline over 5 years | -14.11% | -5.64% | -8.47% |
Max Drawdown (10Y)Largest decline over 10 years | -23.73% | -8.77% | -14.96% |
Current DrawdownCurrent decline from peak | -0.91% | -0.11% | -0.80% |
Average DrawdownAverage peak-to-trough decline | -3.96% | -0.73% | -3.23% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.53% | 0.39% | +0.14% |
Volatility
TYHYX vs. ICMUX - Volatility Comparison
Pioneer High Yield Fund (TYHYX) and Intrepid Income Fund (ICMUX) have volatilities of 0.50% and 0.48%, 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
| TYHYX | ICMUX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.50% | 0.48% | +0.02% |
Volatility (6M)Calculated over the trailing 6-month period | 2.82% | 1.45% | +1.37% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.34% | 1.94% | +1.40% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.46% | 2.65% | +1.81% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.17% | 2.57% | +2.60% |
TYHYX vs. ICMUX - Expense Ratio Comparison
TYHYX has a 0.85% expense ratio, which is lower than ICMUX's 1.01% expense ratio.
Dividends
TYHYX vs. ICMUX - Dividend Comparison
TYHYX's dividend yield for the trailing twelve months is around 5.32%, less than ICMUX's 6.89% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ICMUX Intrepid Income Fund | 6.89% | 7.96% | 7.85% | 9.10% | 8.17% | 5.99% | 5.56% | 3.35% | 3.07% | 2.86% | 3.01% | 3.53% |
TYHYX Pioneer High Yield Fund | 5.32% | 5.91% | 4.13% | 4.10% | 5.23% | 4.44% | 5.23% | 5.17% | 5.13% | 4.97% | 5.12% | 6.29% |
Frequently Asked Questions
TYHYX and ICMUX have a correlation of 0.60, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
TYHYX has higher volatility (0.50%) compared to ICMUX (0.48%). In terms of maximum drawdown, TYHYX dropped -40.86% vs ICMUX's -8.77%.
ICMUX currently has the higher Sharpe Ratio (3.34 vs 1.57), 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.
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