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TYHYX vs. PIODX
Performance
Return for Risk
Dividends
Drawdowns
Volatility

Performance

TYHYX vs. PIODX - Performance Comparison

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

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TYHYX vs. PIODX - Yearly Performance Comparison


2026 (YTD)202520242023202220212020201920182017
TYHYX
Pioneer High Yield Fund
-1.37%7.99%6.55%9.17%-11.19%5.99%3.35%14.36%-3.30%7.87%
PIODX
Pioneer Fund
-4.16%23.30%22.62%28.45%-19.43%27.40%24.01%31.04%-1.48%21.79%

Returns By Period

In the year-to-date period, TYHYX achieves a -1.37% return, which is significantly higher than PIODX's -4.16% return. Over the past 10 years, TYHYX has underperformed PIODX with an annualized return of 4.92%, while PIODX has yielded a comparatively higher 14.89% annualized return.


TYHYX

1D
0.12%
1M
-2.36%
YTD
-1.37%
6M
0.16%
1Y
5.28%
3Y*
6.35%
5Y*
2.76%
10Y*
4.92%

PIODX

1D
-0.73%
1M
-8.92%
YTD
-4.16%
6M
0.23%
1Y
27.06%
3Y*
21.05%
5Y*
12.41%
10Y*
14.89%
*Multi-year figures are annualized to reflect compound growth (CAGR)

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TYHYX vs. PIODX - Expense Ratio Comparison

TYHYX has a 0.85% expense ratio, which is lower than PIODX's 1.06% expense ratio.


Return for Risk

TYHYX vs. PIODX — 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: 8484
Sharpe Ratio Rank
TYHYX Sortino Ratio Rank: 8484
Sortino Ratio Rank
TYHYX Omega Ratio Rank: 8888
Omega Ratio Rank
TYHYX Calmar Ratio Rank: 7171
Calmar Ratio Rank
TYHYX Martin Ratio Rank: 7070
Martin Ratio Rank

PIODX
PIODX Risk / Return Rank: 7777
Overall Rank
PIODX Sharpe Ratio Rank: 7373
Sharpe Ratio Rank
PIODX Sortino Ratio Rank: 7676
Sortino Ratio Rank
PIODX Omega Ratio Rank: 7373
Omega Ratio Rank
PIODX Calmar Ratio Rank: 8181
Calmar Ratio Rank
PIODX Martin Ratio Rank: 8585
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. PIODX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Pioneer High Yield Fund (TYHYX) and Pioneer Fund (PIODX). 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.


TYHYXPIODXDifference

Sharpe ratio

Return per unit of total volatility

1.60

1.28

+0.32

Sortino ratio

Return per unit of downside risk

2.23

1.87

+0.35

Omega ratio

Gain probability vs. loss probability

1.38

1.27

+0.11

Calmar ratio

Return relative to maximum drawdown

1.64

1.92

-0.28

Martin ratio

Return relative to average drawdown

6.69

8.74

-2.05

TYHYX vs. PIODX - Sharpe Ratio Comparison

The current TYHYX Sharpe Ratio is 1.60, which is comparable to the PIODX Sharpe Ratio of 1.28. The chart below compares the historical Sharpe Ratios of TYHYX and PIODX, 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


TYHYXPIODXDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

1.60

1.28

+0.32

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.63

0.65

-0.02

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.95

0.80

+0.15

Sharpe Ratio (All Time)

Calculated using the full available price history

0.91

0.52

+0.39

Correlation

The correlation between TYHYX and PIODX is 0.59, 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.


Dividends

TYHYX vs. PIODX - Dividend Comparison

TYHYX's dividend yield for the trailing twelve months is around 5.45%, less than PIODX's 10.46% yield.


TTM20252024202320222021202020192018201720162015
TYHYX
Pioneer High Yield Fund
5.45%5.91%4.13%4.10%5.23%4.44%5.23%5.17%5.13%4.97%5.12%6.29%
PIODX
Pioneer Fund
10.46%10.04%14.17%2.86%4.13%16.18%5.82%9.37%15.37%21.35%20.51%14.53%

Drawdowns

TYHYX vs. PIODX - Drawdown Comparison

The maximum TYHYX drawdown since its inception was -40.86%, smaller than the maximum PIODX drawdown of -53.40%. Use the drawdown chart below to compare losses from any high point for TYHYX and PIODX.


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Drawdown Indicators


TYHYXPIODXDifference

Max Drawdown

Largest peak-to-trough decline

-40.86%

-53.40%

+12.54%

Max Drawdown (1Y)

Largest decline over 1 year

-3.33%

-12.75%

+9.42%

Max Drawdown (5Y)

Largest decline over 5 years

-14.11%

-26.55%

+12.44%

Max Drawdown (10Y)

Largest decline over 10 years

-23.73%

-30.14%

+6.41%

Current Drawdown

Current decline from peak

-2.38%

-9.99%

+7.61%

Average Drawdown

Average peak-to-trough decline

-4.01%

-8.62%

+4.61%

Ulcer Index

Depth and duration of drawdowns from previous peaks

0.82%

2.80%

-1.98%

Volatility

TYHYX vs. PIODX - Volatility Comparison

The current volatility for Pioneer High Yield Fund (TYHYX) is 1.24%, while Pioneer Fund (PIODX) has a volatility of 5.29%. This indicates that TYHYX experiences smaller price fluctuations and is considered to be less risky than PIODX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.


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Volatility by Period


TYHYXPIODXDifference

Volatility (1M)

Calculated over the trailing 1-month period

1.24%

5.29%

-4.05%

Volatility (6M)

Calculated over the trailing 6-month period

2.09%

11.51%

-9.42%

Volatility (1Y)

Calculated over the trailing 1-year period

3.66%

21.40%

-17.74%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

4.38%

19.06%

-14.68%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

5.20%

18.78%

-13.58%