TYHYX vs. PIOTX
Compare and contrast key facts about Pioneer High Yield Fund (TYHYX) and Pioneer Core Equity Fund (PIOTX).
TYHYX is managed by Amundi. It was launched on Feb 12, 1998. PIOTX is managed by Amundi. It was launched on Nov 18, 1999.
Performance
TYHYX vs. PIOTX - Performance Comparison
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TYHYX vs. PIOTX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
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% |
PIOTX Pioneer Core Equity Fund | -2.50% | 16.94% | 14.35% | 18.18% | -17.27% | 25.81% | 20.98% | 31.42% | -8.32% | 24.89% |
Returns By Period
In the year-to-date period, TYHYX achieves a -1.37% return, which is significantly higher than PIOTX's -2.50% return. Over the past 10 years, TYHYX has underperformed PIOTX with an annualized return of 4.92%, while PIOTX has yielded a comparatively higher 12.27% 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%
PIOTX
- 1D
- -0.13%
- 1M
- -5.30%
- YTD
- -2.50%
- 6M
- 1.98%
- 1Y
- 18.07%
- 3Y*
- 13.66%
- 5Y*
- 8.53%
- 10Y*
- 12.27%
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TYHYX vs. PIOTX - Expense Ratio Comparison
TYHYX has a 0.85% expense ratio, which is lower than PIOTX's 0.88% expense ratio.
Return for Risk
TYHYX vs. PIOTX — Risk / Return Rank
TYHYX
PIOTX
TYHYX vs. PIOTX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Pioneer High Yield Fund (TYHYX) and Pioneer Core Equity Fund (PIOTX). 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.
| TYHYX | PIOTX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.60 | 1.00 | +0.60 |
Sortino ratioReturn per unit of downside risk | 2.23 | 1.49 | +0.74 |
Omega ratioGain probability vs. loss probability | 1.38 | 1.23 | +0.15 |
Calmar ratioReturn relative to maximum drawdown | 1.64 | 1.23 | +0.41 |
Martin ratioReturn relative to average drawdown | 6.69 | 5.22 | +1.46 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| TYHYX | PIOTX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.60 | 1.00 | +0.60 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.63 | 0.51 | +0.13 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.95 | 0.69 | +0.26 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.91 | 0.13 | +0.78 |
Correlation
The correlation between TYHYX and PIOTX 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. PIOTX - Dividend Comparison
TYHYX's dividend yield for the trailing twelve months is around 5.45%, less than PIOTX's 7.73% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
PIOTX Pioneer Core Equity Fund | 7.73% | 7.53% | 5.87% | 2.83% | 7.10% | 20.38% | 8.56% | 3.06% | 19.73% | 9.04% | 1.13% | 0.74% |
Drawdowns
TYHYX vs. PIOTX - Drawdown Comparison
The maximum TYHYX drawdown since its inception was -40.86%, smaller than the maximum PIOTX drawdown of -66.24%. Use the drawdown chart below to compare losses from any high point for TYHYX and PIOTX.
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Drawdown Indicators
| TYHYX | PIOTX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -40.86% | -66.24% | +25.38% |
Max Drawdown (1Y)Largest decline over 1 year | -3.33% | -12.86% | +9.53% |
Max Drawdown (5Y)Largest decline over 5 years | -14.11% | -26.49% | +12.38% |
Max Drawdown (10Y)Largest decline over 10 years | -23.73% | -31.79% | +8.06% |
Current DrawdownCurrent decline from peak | -2.38% | -8.16% | +5.78% |
Average DrawdownAverage peak-to-trough decline | -4.01% | -20.26% | +16.25% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.82% | 3.02% | -2.20% |
Volatility
TYHYX vs. PIOTX - Volatility Comparison
The current volatility for Pioneer High Yield Fund (TYHYX) is 1.24%, while Pioneer Core Equity Fund (PIOTX) has a volatility of 3.09%. This indicates that TYHYX experiences smaller price fluctuations and is considered to be less risky than PIOTX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| TYHYX | PIOTX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.24% | 3.09% | -1.85% |
Volatility (6M)Calculated over the trailing 6-month period | 2.09% | 9.24% | -7.15% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.66% | 18.67% | -15.01% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.38% | 16.91% | -12.53% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.20% | 17.96% | -12.76% |