XILSX vs. APHFX

Last updated Apr 1, 2026

Compare and contrast key facts about Pioneer ILS Interval Fund (XILSX) and Artisan High Income Fund Class I (APHFX).

XILSX is managed by Amundi. It was launched on Dec 16, 2014. APHFX is an actively managed fund by Artisan. It was launched on Oct 3, 2016.

Performance

XILSX vs. APHFX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Pioneer ILS Interval Fund (XILSX) and Artisan High Income Fund Class I (APHFX). The values are adjusted to include any dividend payments, if applicable.

XILSX vs. APHFX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
XILSX Pioneer ILS Interval Fund	5.18%	18.70%	18.93%	18.65%	1.23%	-1.10%	7.37%	2.60%	-2.11%	-8.83%
APHFX Artisan High Income Fund Class I	-1.94%	8.43%	8.60%	13.77%	-10.93%	4.09%	10.22%	14.26%	-1.32%	7.26%

Returns By Period

In the year-to-date period, XILSX achieves a 5.18% return, which is significantly higher than APHFX's -1.94% return.

XILSX

• 1D: 0.00%
• 1M: 1.50%
• YTD: 5.18%
• 6M: 11.15%
• 1Y: 25.12%
• 3Y*: 19.56%
• 5Y*: 11.91%
• 10Y*: —

APHFX

• 1D: 0.11%
• 1M: -2.09%
• YTD: -1.94%
• 6M: -0.84%
• 1Y: 5.13%
• 3Y*: 7.78%
• 5Y*: 3.53%
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

XILSX vs. APHFX - Expense Ratio Comparison

XILSX has a 1.88% expense ratio, which is higher than APHFX's 0.71% expense ratio.

XILSX

Pioneer ILS Interval Fund

APHFX

Artisan High Income Fund Class I

Return for Risk

XILSX vs. APHFX — Risk / Return Rank

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

XILSX

XILSX Risk / Return Rank: 100
XILSX Sharpe Ratio Rank: 100
XILSX Sortino Ratio Rank: 100
XILSX Omega Ratio Rank: 100
XILSX Calmar Ratio Rank: 100
XILSX Martin Ratio Rank: 100

APHFX

APHFX Risk / Return Rank: 84
APHFX Sharpe Ratio Rank: 86
APHFX Sortino Ratio Rank: 89
APHFX Omega Ratio Rank: 90
APHFX Calmar Ratio Rank: 79
APHFX Martin Ratio Rank: 75

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.

XILSX vs. APHFX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Pioneer ILS Interval Fund (XILSX) and Artisan High Income Fund Class I (APHFX). 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.

	XILSX	APHFX	Difference
Sharpe ratio Return per unit of total volatility	8.38	1.66	+6.72
Sortino ratio Return per unit of downside risk	71.70	2.50	+69.21
Omega ratio Gain probability vs. loss probability	31.20	1.40	+29.80
Calmar ratio Return relative to maximum drawdown	120.30	1.86	+118.44
Martin ratio Return relative to average drawdown	749.82	7.17	+742.66
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

XILSX vs. APHFX - Sharpe Ratio Comparison

The current XILSX Sharpe Ratio is 8.38, which is higher than the APHFX Sharpe Ratio of 1.66. The chart below compares the historical Sharpe Ratios of XILSX and APHFX, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	XILSX	APHFX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	8.38	1.66	+6.72
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	3.19	0.73	+2.46
Sharpe Ratio (All Time) Calculated using the full available price history	1.58	1.05	+0.53

Correlation

The correlation between XILSX and APHFX is 0.04, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.

Dividends

XILSX vs. APHFX - Dividend Comparison

XILSX's dividend yield for the trailing twelve months is around 9.04%, more than APHFX's 6.62% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
XILSX Pioneer ILS Interval Fund	9.04%	9.51%	13.06%	12.82%	2.68%	2.04%	5.20%	6.63%	6.40%	0.00%
APHFX Artisan High Income Fund Class I	6.62%	6.96%	7.39%	5.56%	5.83%	5.50%	6.01%	6.44%	7.25%	7.96%

Drawdowns

XILSX vs. APHFX - Drawdown Comparison

The maximum XILSX drawdown since its inception was -14.53%, smaller than the maximum APHFX drawdown of -21.51%. Use the drawdown chart below to compare losses from any high point for XILSX and APHFX.

Drawdown Indicators

	XILSX	APHFX	Difference
Max Drawdown Largest peak-to-trough decline	-14.53%	-21.51%	+6.98%
Max Drawdown (1Y) Largest decline over 1 year	-0.21%	-2.76%	+2.55%
Max Drawdown (5Y) Largest decline over 5 years	-6.27%	-14.80%	+8.53%
Current Drawdown Current decline from peak	0.00%	-2.63%	+2.63%
Average Drawdown Average peak-to-trough decline	-5.00%	-2.54%	-2.46%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.03%	0.71%	-0.68%

Volatility

XILSX vs. APHFX - Volatility Comparison

The current volatility for Pioneer ILS Interval Fund (XILSX) is 0.73%, while Artisan High Income Fund Class I (APHFX) has a volatility of 1.07%. This indicates that XILSX experiences smaller price fluctuations and is considered to be less risky than APHFX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	XILSX	APHFX	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.73%	1.07%	-0.34%
Volatility (6M) Calculated over the trailing 6-month period	2.18%	2.01%	+0.17%
Volatility (1Y) Calculated over the trailing 1-year period	3.04%	3.40%	-0.36%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	3.75%	4.87%	-1.12%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	3.95%	5.33%	-1.38%