IVY HIGH Competition

IVHIX Fund

USD 5.81 0.02 0.35%

The fund is listed under the High Yield Bond category and is part of the Ivy Funds family. Ivy High Income operates alongside FRANKLIN REAL, Neuberger Berman, Virtus Real, DUNHAM REAL, and VANGUARD REIT and other firms in the same space. The list provides context for competitive positioning. Relative analysis here focuses on where IVY HIGH is stronger or weaker than peers.

Correlation: IVY HIGH vs PRUDENTIAL REAL Snapshot

Weak diversification

IVHIX currently posts a 0.34 correlation with PRKAX, indicating a Weak diversification relationship for the active sample. Used correctly, the chart helps investors judge whether adding the second position genuinely diversifies the first.

Moving together with IVY Mutual Fund

0.97

WRHIX

Ivy High Income

Pair Corr

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The mean reversion principle applied to IVY HIGH's suggests that neither prolonged outperformance nor underperformance is permanent. Investors exploit this by positioning against extremes in price relative to fundamental value.

Hype

Prediction

Low	Estimated	High
5.59	5.81	6.03

Details

Intrinsic

Valuation

Low	Real	High
5.60	5.82	6.04

Details

Naive

Forecast

Low	Next	High
5.57	5.79	6.00

Details

Bollinger

Band Projection (param)

Lower	Middle Band	Upper
5.82	5.87	5.93

Details

Peer comparison enriches IVY HIGH analysis by revealing how the company ranks against competitors on key metrics. This relative perspective often changes investment conclusions drawn from standalone fundamental analysis.

IVY HIGH Competition Correlation Matrix

Reviewing how Ivy High Income moves relative to competing funds can show whether peer exposure is reducing portfolio risk or simply repeating the same market bet. The useful question is whether competitors are behaving like true alternatives or simply tracking the same sector move with different volatility.

	FORFX	FREEX	NREEX	PHRAX	DAREX	VGSIX	PRKAX
FORFX		0.91	0.89	0.94	0.91	0.9	0.94	FORFX
FREEX	0.91		0.99	0.96	0.99	0.96	0.91	FREEX
NREEX	0.89	0.99		0.95	0.98	0.94	0.88	NREEX
PHRAX	0.94	0.96	0.95		0.96	0.96	0.94	PHRAX
DAREX	0.91	0.99	0.98	0.96		0.97	0.93	DAREX
VGSIX	0.9	0.96	0.94	0.96	0.97		0.93	VGSIX
PRKAX	0.94	0.91	0.88	0.94	0.93	0.93		PRKAX
	FORFX	FREEX	NREEX	PHRAX	DAREX	VGSIX	PRKAX

Risk-Adjusted Indicators

There is a big difference between IVY Mutual Fund performing well and IVY HIGH Mutual Fund doing well as a business compared to the competition. Risk-adjusted metrics allow investors to compare IVY HIGH's efficiency and downside exposure against peers in a more meaningful way. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
FORFX	0.05	0.02	0.00	5.62	0.00	0.00	0.11	0.00	0.31
FREEX	0.54	0.08	0.13	-0.69	0.68	-0.52	1.37	-1.11	3.19
NREEX	0.58	0.09	0.13	-0.45	0.72	-0.61	1.40	-1.17	3.60
PHRAX	0.58	0.17	0.23	0.52	0.54	-0.64	1.44	-1.18	4.95
DAREX	0.47	0.07	0.15	-1.14	0.50	-0.51	1.20	-0.96	2.67
VGSIX	0.55	0.08	0.13	0.18	0.66	-0.56	1.45	-1.06	3.04
PRKAX	0.47	0.12	0.21	-1.84	0.41	-0.52	0.94	-0.92	4.51

IVY HIGH Competitive Analysis

Better Than Average

Worse Than Peers

View Performance Chart

	IVHIX	FORFX	FREEX	NREEX	PHRAX	DAREX	VGSIX	PRKAX
	0.35 5.81 IVY	0.10 9.71 Forum	0.89 16.94 FRANKLIN	0.63 14.47 Neuberger	0.84 19.25 Virtus	1.95 14.12 DUNHAM	0.42 31.01 VANGUARD	2.02 7.56 PRUDENTIAL
Market Volatility (90 Days Market Risk)	Very Low	Very Low	Very Low	Very Low	Very Low	Very Low	Very Low	Very Low
Market Performance (90 Days Performance)	Weak	Strong	Moderate	Balanced	Constructive	Balanced	Moderate	Moderate
Odds of Financial Distress (Probability Of Bankruptcy)	Low	Fair	Low	Low	Low	Low	Low	Low
Current Valuation (Equity Enterprise Value)	Fairly Valued	Under Valued	Fairly Valued	Fairly Valued	Under Valued	Fairly Valued	Fairly Valued	Fairly Valued
Buy or Sell Analysis (Average Analysts Consensus)	Not Available	Not Available	Not Available	Not Available	Not Available	Not Available	Not Available	Not Available
Trade Advice (90 Days Macroaxis Advice)	Cautious Hold	Strong Buy	Sell	Sell	Strong Buy	Cautious Hold	Strong Hold	Cautious Hold
Net Asset	5.62 B	N/A	242.58 M	777.64 M	364.21 M	71.67 M	64.15 B	61.93 M
Price To Book	257.07 X	N/A	2.58 X	N/A	2.98 X	2.26 X	2.37 X	0.90 X
Five Year Return	2.64 %	N/A	4.70 %	N/A	6.60 %	-4.52 %	3.76 %	5.09 %
One Year Return	5.80 %	N/A	7.35 %	N/A	9.21 %	6.51 %	8.22 %	10.02 %
Last Dividend Paid	0.03	N/A	0.08	N/A	0.08	N/A	0.23	0.11
Price To Earning	800.00 X	N/A	3.53 X	N/A	32.15 X	31.27 X	5.22 X	18.47 X
Price To Sales	0.30 X	N/A	7.23 X	N/A	8.45 X	6.00 X	6.49 X	4.39 X
Cash Position Weight	1.69 %	N/A	0.91 %	N/A	0.43 %	0.10 %	0.95 %	2.65 %
Equity Positions Weight	3.10 %	N/A	99.09 %	N/A	99.57 %	99.90 %	99.05 %	77.97 %
Three Year Return	6.76 %	N/A	8.22 %	N/A	10.76 %	6.87 %	8.15 %	11.34 %
Annual Yield	0.07 %	N/A	0.01 %	0.03 %	0.02 %	0.01 %	0.03 %	0.03 %
Year To Date Return	0.32 %	N/A	6.51 %	N/A	8.95 %	7.38 %	4.15 %	3.73 %
Bond Positions Weight	16.21 %	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Ten Year Return	6.15 %	N/A	8.48 %	N/A	8.27 %	9.49 %	8.71 %	N/A
Daily Balance Of Power	9.2 T	9.2 T	9.2 T	9.2 T	9.2 T	9.2 T	9.2 T	9.2 T
Day Typical Price	5.81	9.71	16.94	14.47	19.25	14.12	31.01	7.56
Period Momentum Indicator	0.02	0.01	0.15	0.09	0.16	0.27	0.13	0.15
Rate Of Daily Change	1.0	1.0	1.01	1.01	1.01	1.02	1.0	1.02
Day Median Price	5.81	9.71	16.94	14.47	19.25	14.12	31.01	7.56
Price Action Indicator	0.01	0.005	0.075	0.045	0.08	0.13	0.065	0.075
Coefficient Of Variation	-2,893	176.68	773.5	719.53	467.25	746.52	864.96	505.9
Mean Deviation	0.155	0.0526	0.5383	0.5823	0.5814	0.4716	0.5548	0.4681
Jensen Alpha	-0.02	0.0249	0.0805	0.0909	0.175	0.0711	0.0847	0.123
Total Risk Alpha	-0.01	0.0268	0.1078	0.1219	0.1938	0.0933	0.0977	0.1473
Sortino Ratio	N/A	N/A	0.1274	0.1273	0.2316	0.1466	0.1317	0.2136
Downside Variance	N/A	N/A	0.749	0.9347	0.6944	0.4593	0.5796	0.5014
Standard Deviation	0.2189	0.0614	0.7252	0.7663	0.8247	0.6181	0.7244	0.6817
Kurtosis	0.4609	0.4676	0.1773	0.307	2.44	0.0397	-0.06	6.53
Potential Upside	0.3431	0.1053	1.37	1.4	1.44	1.2	1.45	0.9434
Treynor Ratio	-0.33	5.62	-0.69	-0.45	0.5208	-1.14	0.1784	-1.84
Maximum Drawdown	1.03	0.3122	3.19	3.6	4.95	2.67	3.04	4.51
Variance	0.0479	0.0038	0.5259	0.5873	0.6801	0.3821	0.5247	0.4647
Market Risk Adjusted Performance	-0.32	5.63	-0.68	-0.44	0.5308	-1.13	0.1884	-1.83
Risk Adjusted Performance	-0.05	0.3329	0.1025	0.1109	0.1717	0.1043	0.0915	0.1566
Skewness	0.0401	0.6909	-0.28	-0.42	0.565	-0.23	-0.16	1.33
Semi Deviation	N/A	N/A	0.682	0.724	0.5408	0.4994	0.6582	0.4055
Information Ratio	0.0409	0.8351	0.1521	0.1605	0.2341	0.1607	0.1384	0.2219
Value At Risk	-0.34	N/A	-1.11	-1.17	-1.18	-0.96	-1.06	-0.92
Expected Short fall	N/A	N/A	-0.52	-0.61	-0.64	-0.51	-0.56	-0.52
Downside Deviation	N/A	N/A	0.8654	0.9668	0.8333	0.6777	0.7613	0.7081
Semi Variance	N/A	N/A	0.4652	0.5241	0.2924	0.2494	0.4333	0.1644

IVY HIGH Competition Peer Performance Charts

How to Analyze IVY HIGH Against Peers

IVY HIGH's peer analysis compares IVY HIGH with related companies to put valuation, quality, and risk metrics in context. This helps determine whether recent performance is company-specific or broadly sector-driven. A practical workflow includes:

Set a relevant peer group: Include direct competitors and close alternatives with comparable business exposure.
Benchmark core financials: Compare profitability, growth, capital structure, and cash flow quality.
Check valuation dispersion: Review whether IVY HIGH trades at a premium or discount versus peers and why.
Evaluate risk profile: Compare volatility, drawdowns, and correlation to avoid false diversification assumptions.
Document the thesis: Record where IVY HIGH leads or lags and what catalysts could close or widen the gap.

Use this as an educational baseline, then validate conclusions with current filings, market conditions, and portfolio objectives.

Peer Comparison Metrics & Methodology

Peer analysis for IVY HIGH rewards breadth of comparison over narrow single-company analysis - the more peer context incorporated, the sharper the relative assessment becomes. Relative analysis can highlight whether current pricing already reflects peer-group strengths or weaknesses.

Inputs for Ivy High Income come from fund disclosures and market reference feeds and are mapped into a consistent schema for analysis. Some fields can appear with publication lag.

This content is curated and reviewed by:

Michael Smolkin - Member of Macroaxis Board of Directors

Last reviewed on March 11th, 2026

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IVY HIGH Competition

Correlation: IVY HIGH vs PRUDENTIAL REAL Snapshot

Moving together with IVY Mutual Fund

Specify up to 10 symbols:

IVY HIGH Competition Correlation Matrix

Risk-Adjusted Indicators

IVY HIGH Competitive Analysis

IVY HIGH Competition Peer Performance Charts

How to Analyze IVY HIGH Against Peers

Peer Comparison Metrics & Methodology

This content is curated and reviewed by:

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