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

Correlation

The correlation between TYHYX and SCHZ is -0.08. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.


Performance

TYHYX vs. SCHZ - Performance Comparison

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

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Key characteristics

Sharpe Ratio

TYHYX:

1.58

SCHZ:

0.97

Sortino Ratio

TYHYX:

2.21

SCHZ:

1.47

Omega Ratio

TYHYX:

1.37

SCHZ:

1.17

Calmar Ratio

TYHYX:

1.47

SCHZ:

0.42

Martin Ratio

TYHYX:

5.69

SCHZ:

2.46

Ulcer Index

TYHYX:

1.05%

SCHZ:

2.15%

Daily Std Dev

TYHYX:

3.77%

SCHZ:

5.38%

Max Drawdown

TYHYX:

-44.82%

SCHZ:

-18.74%

Current Drawdown

TYHYX:

-2.11%

SCHZ:

-7.30%

Returns By Period

In the year-to-date period, TYHYX achieves a 0.01% return, which is significantly lower than SCHZ's 2.22% return. Over the past 10 years, TYHYX has outperformed SCHZ with an annualized return of 3.93%, while SCHZ has yielded a comparatively lower 1.46% annualized return.


TYHYX

YTD

0.01%

1M

2.02%

6M

-0.14%

1Y

5.95%

5Y*

6.43%

10Y*

3.93%

SCHZ

YTD

2.22%

1M

1.00%

6M

1.22%

1Y

5.42%

5Y*

-0.78%

10Y*

1.46%

*Annualized

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TYHYX vs. SCHZ - Expense Ratio Comparison

TYHYX has a 0.85% expense ratio, which is higher than SCHZ's 0.04% expense ratio.


Risk-Adjusted Performance

TYHYX vs. SCHZ — 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 9090
Overall Rank
The Sharpe Ratio Rank of TYHYX is 9090
Sharpe Ratio Rank
The Sortino Ratio Rank of TYHYX is 8989
Sortino Ratio Rank
The Omega Ratio Rank of TYHYX is 9191
Omega Ratio Rank
The Calmar Ratio Rank of TYHYX is 9090
Calmar Ratio Rank
The Martin Ratio Rank of TYHYX is 8989
Martin Ratio Rank

SCHZ
The Risk-Adjusted Performance Rank of SCHZ is 7373
Overall Rank
The Sharpe Ratio Rank of SCHZ is 8282
Sharpe Ratio Rank
The Sortino Ratio Rank of SCHZ is 8282
Sortino Ratio Rank
The Omega Ratio Rank of SCHZ is 7777
Omega Ratio Rank
The Calmar Ratio Rank of SCHZ is 5656
Calmar Ratio Rank
The Martin Ratio Rank of SCHZ is 6969
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. SCHZ - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for Pioneer High Yield Fund (TYHYX) and Schwab U.S. Aggregate Bond ETF (SCHZ). 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 1.58, which is higher than the SCHZ Sharpe Ratio of 0.97. The chart below compares the historical Sharpe Ratios of TYHYX and SCHZ, 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. SCHZ - Dividend Comparison

TYHYX's dividend yield for the trailing twelve months is around 5.75%, more than SCHZ's 4.04% yield.


TTM20242023202220212020201920182017201620152014
TYHYX
Pioneer High Yield Fund
5.75%6.07%5.50%5.94%4.47%5.25%5.20%5.13%5.07%5.21%6.05%5.12%
SCHZ
Schwab U.S. Aggregate Bond ETF
4.04%3.96%3.28%2.63%2.16%2.43%2.79%2.79%2.40%2.24%2.11%2.03%

Drawdowns

TYHYX vs. SCHZ - Drawdown Comparison

The maximum TYHYX drawdown since its inception was -44.82%, which is greater than SCHZ's maximum drawdown of -18.74%. Use the drawdown chart below to compare losses from any high point for TYHYX and SCHZ. For additional features, visit the drawdowns tool.


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Volatility

TYHYX vs. SCHZ - Volatility Comparison

The current volatility for Pioneer High Yield Fund (TYHYX) is 1.31%, while Schwab U.S. Aggregate Bond ETF (SCHZ) has a volatility of 1.73%. This indicates that TYHYX experiences smaller price fluctuations and is considered to be less risky than SCHZ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.


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