XILSX vs. MDHVX
XILSX (Pioneer ILS Interval Fund) and MDHVX (MainStay MacKay Short Duration High Yield Fund) are both High Yield Bonds funds. Over the past 5 years, XILSX returned 12.59%/yr vs 4.24%/yr for MDHVX. Their -0.02 correlation means they have often moved in opposite directions in the past. XILSX charges 1.88%/yr vs 1.10%/yr for MDHVX.
Performance
XILSX vs. MDHVX - Performance Comparison
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Returns By Period
In the year-to-date period, XILSX achieves a 10.04% return, which is significantly higher than MDHVX's 1.89% return.
XILSX
- 1D
- 0.00%
- 1M
- 0.95%
- 6M
- 8.36%
- YTD
- 10.04%
- 1Y
- 23.43%
- 3Y*
- 19.09%
- 5Y*
- 12.59%
- 10Y*
- —
- ALL TIME*
- 6.48%
MDHVX
- 1D
- 0.11%
- 1M
- -0.21%
- 6M
- 1.56%
- YTD
- 1.89%
- 1Y
- 3.89%
- 3Y*
- 6.03%
- 5Y*
- 4.24%
- 10Y*
- 4.39%
- ALL TIME*
- 4.30%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $0.00 | $0.00 | $0.00 |
XILSX vs. MDHVX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
XILSX Pioneer ILS Interval Fund | 10.04% | 18.70% | 18.93% | 18.65% | 1.23% | -1.10% | 7.37% | 2.60% | -2.11% | -8.83% |
MDHVX MainStay MacKay Short Duration High Yield Fund | 1.89% | 5.38% | 6.51% | 9.86% | -2.81% | 4.38% | 2.92% | 9.00% | -0.13% | 3.60% |
Correlation
The correlation between XILSX and MDHVX is -0.05, meaning there was essentially no consistent relationship between their historical price movements. Each responded to its own set of market drivers.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | -0.05 |
Correlation (3Y) Balances recent behavior with more history. | -0.04 |
Correlation (5Y) Shows whether the relationship held over a longer period. | -0.02 |
Correlation (All Time) Calculated using the full available price history since Feb 1, 2017 | -0.02 |
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Return for Risk
XILSX vs. MDHVX — Risk / Return Rank
XILSX
MDHVX
XILSX vs. MDHVX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Pioneer ILS Interval Fund (XILSX) and MainStay MacKay Short Duration High Yield Fund (MDHVX). 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.
| XILSX | MDHVX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +5.81 | ||
| Sortino ratioReturn per unit of downside risk | +74.98 | ||
| Omega ratioGain probability vs. loss probability | 41.51 | 1.51 | +40.00 |
| Calmar ratioReturn relative to maximum drawdown | 112.69 | 3.53 | +109.16 |
| Martin ratioReturn relative to average drawdown | 769.28 | 16.88 | +752.39 |
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Drawdowns
XILSX vs. MDHVX - Drawdown Comparison
The maximum XILSX drawdown since its inception was -14.53%, smaller than the maximum MDHVX drawdown of -18.04%. Use the drawdown chart below to compare losses from any high point for XILSX and MDHVX.
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Drawdown Indicators
| XILSX | MDHVX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -14.53% | -18.04% | +3.51% |
Max Drawdown (1Y)Largest decline over 1 year | -0.10% | -1.06% | +0.96% |
Max Drawdown (3Y)Largest decline over 3 years | -2.36% | -2.65% | +0.29% |
Max Drawdown (5Y)Largest decline over 5 years | -6.27% | -6.26% | -0.01% |
Max Drawdown (10Y)Largest decline over 10 years | — | -18.04% | — |
Current DrawdownCurrent decline from peak | 0.00% | -0.32% | +0.32% |
Average DrawdownAverage peak-to-trough decline | -4.83% | -0.77% | -4.06% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.03% | 0.22% | -0.19% |
Volatility
XILSX vs. MDHVX - Volatility Comparison
Pioneer ILS Interval Fund (XILSX) has a higher volatility of 0.52% compared to MainStay MacKay Short Duration High Yield Fund (MDHVX) at 0.46%. This indicates that XILSX's price experiences larger fluctuations and is considered to be riskier than MDHVX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| XILSX | MDHVX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.52% | 0.46% | +0.06% |
Volatility (6M)Calculated over the trailing 6-month period | 1.57% | 1.33% | +0.24% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.02% | 1.80% | +1.22% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 3.78% | 2.59% | +1.19% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.90% | 3.41% | +0.49% |
XILSX vs. MDHVX - Expense Ratio Comparison
XILSX has a 1.88% expense ratio, which is higher than MDHVX's 1.10% expense ratio.
Dividends
XILSX vs. MDHVX - Dividend Comparison
XILSX's dividend yield for the trailing twelve months is around 8.64%, more than MDHVX's 4.80% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MDHVX MainStay MacKay Short Duration High Yield Fund | 4.80% | 5.47% | 6.01% | 5.53% | 4.31% | 3.80% | 4.44% | 4.37% | 4.33% | 4.03% | 4.95% | 4.87% |
XILSX Pioneer ILS Interval Fund | 8.64% | 9.51% | 13.06% | 12.82% | 2.68% | 2.04% | 5.20% | 6.63% | 6.40% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
XILSX and MDHVX have a correlation of -0.05, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
XILSX has higher volatility (0.52%) compared to MDHVX (0.46%). In terms of maximum drawdown, XILSX dropped -14.53% vs MDHVX's -18.04%.
XILSX currently has the higher Sharpe Ratio (7.88 vs 2.07), 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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