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Pioneer Municipal High Income Advantage Fund, Inc....
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility
Financials

Company Info

ISIN

US7237621005

CUSIP

723762100

Sector

Financial Services

IPO Date

Oct 16, 2003

Highlights

Market Cap

$205.90M

EPS (TTM)

$1.68

PE Ratio

5.13

Total Revenue (TTM)

$5.30M

Gross Profit (TTM)

$5.30M

EBITDA (TTM)

$10.23M

Year Range

$7.50 - $8.93

Short Ratio

0.72

Share Price Chart


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Compare to other instruments

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.


Popular comparisons:
MAV vs. MADFX MAV vs. MAVFX
Popular comparisons:
MAV vs. MADFX MAV vs. MAVFX

Performance

Performance Chart

The chart shows the growth of an initial investment of $10,000 in Pioneer Municipal High Income Advantage Fund, Inc., comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.


-4.00%-2.00%0.00%2.00%4.00%6.00%8.00%10.00%SeptemberOctoberNovemberDecember2025February
0.97%
9.31%
MAV (Pioneer Municipal High Income Advantage Fund, Inc.)
Benchmark (^GSPC)

Returns By Period

Pioneer Municipal High Income Advantage Fund, Inc. had a return of 2.53% year-to-date (YTD) and 10.13% in the last 12 months. Over the past 10 years, Pioneer Municipal High Income Advantage Fund, Inc. had an annualized return of -0.44%, while the S&P 500 had an annualized return of 11.31%, indicating that Pioneer Municipal High Income Advantage Fund, Inc. did not perform as well as the benchmark.


MAV

YTD

2.53%

1M

1.18%

6M

0.97%

1Y

10.13%

5Y*

-0.58%

10Y*

-0.44%

^GSPC (Benchmark)

YTD

4.46%

1M

2.46%

6M

9.31%

1Y

23.49%

5Y*

13.03%

10Y*

11.31%

*Annualized

Monthly Returns

The table below presents the monthly returns of MAV, with color gradation from worst to best to easily spot seasonal factors. Returns are adjusted for dividends.


JanFebMarAprMayJunJulAugSepOctNovDecTotal
20251.58%2.53%
2024-0.65%2.75%0.63%-3.77%2.47%3.43%4.80%2.37%1.52%-2.12%3.29%-4.60%10.05%
20238.70%-8.64%3.71%-1.28%-4.21%2.72%2.15%-7.87%-8.45%-3.91%18.16%6.19%3.92%
2022-6.07%-2.04%-6.45%-8.55%4.61%-5.90%4.59%-3.62%-12.96%-0.90%12.22%-1.89%-25.82%
20211.49%-1.61%2.97%2.90%0.83%1.90%5.36%-8.03%-1.95%-0.09%3.81%-3.02%3.89%
20204.06%-0.29%-8.26%-0.81%7.11%-1.65%7.37%-1.30%-0.78%0.23%5.63%2.12%13.06%
20197.69%-3.36%2.70%-0.44%1.62%-0.11%2.31%1.63%-1.09%-1.21%0.54%0.54%10.93%
2018-4.39%0.02%0.03%0.40%3.86%-0.60%0.21%3.05%-4.36%-1.95%0.40%-1.34%-4.88%
2017-5.53%-0.20%-0.01%2.62%3.21%1.83%-0.17%1.24%-1.06%-0.79%0.29%0.28%1.45%
20164.51%-2.74%3.90%1.08%-0.15%2.32%0.58%-7.43%1.11%-2.12%-6.35%-0.06%-5.94%
20153.98%0.81%0.49%0.09%-11.25%-7.59%0.24%5.23%-0.54%5.54%-1.28%1.52%-4.03%
20148.24%3.31%3.93%2.85%4.12%1.98%-5.42%2.89%1.38%0.94%0.44%-0.72%26.03%

Risk-Adjusted Performance

Risk-Adjusted Performance Rank

The current rank of MAV is 72, indicating average performance compared to other stocks on our website. Here’s a breakdown of how it compares using common performance measures.


The Risk-Adjusted Performance Rank of MAV is 7272
Overall Rank
The Sharpe Ratio Rank of MAV is 7979
Sharpe Ratio Rank
The Sortino Ratio Rank of MAV is 7171
Sortino Ratio Rank
The Omega Ratio Rank of MAV is 6969
Omega Ratio Rank
The Calmar Ratio Rank of MAV is 6161
Calmar Ratio Rank
The Martin Ratio Rank of MAV is 7878
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.

Risk-Adjusted Performance Indicators

The charts below present risk-adjusted performance metrics for Pioneer Municipal High Income Advantage Fund, Inc. (MAV) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.


Sharpe ratio
The chart of Sharpe ratio for MAV, currently valued at 1.11, compared to the broader market-2.000.002.001.121.74
The chart of Sortino ratio for MAV, currently valued at 1.54, compared to the broader market-4.00-2.000.002.004.006.001.542.35
The chart of Omega ratio for MAV, currently valued at 1.20, compared to the broader market0.501.001.502.001.201.32
The chart of Calmar ratio for MAV, currently valued at 0.33, compared to the broader market0.002.004.006.000.332.61
The chart of Martin ratio for MAV, currently valued at 4.29, compared to the broader market0.0010.0020.0030.004.2910.66
MAV
^GSPC

The current Pioneer Municipal High Income Advantage Fund, Inc. Sharpe ratio is 1.12. This value is calculated based on the past 1 year of trading data and takes into account price changes and dividends.

Use the chart below to compare the Sharpe ratio of Pioneer Municipal High Income Advantage Fund, Inc. with the selected benchmark, providing insights into the investment's historical performance in terms of risk-adjusted returns. Go to the Sharpe ratio tool for more fine-grained control over the calculation options.


Rolling 12-month Sharpe Ratio1.002.003.004.00SeptemberOctoberNovemberDecember2025February
1.12
1.74
MAV (Pioneer Municipal High Income Advantage Fund, Inc.)
Benchmark (^GSPC)

Dividends

Dividend History

Pioneer Municipal High Income Advantage Fund, Inc. provided a 4.19% dividend yield over the last twelve months, with an annual payout of $0.36 per share.


4.00%5.00%6.00%7.00%8.00%$0.00$0.20$0.40$0.60$0.80$1.00$1.2020142015201620172018201920202021202220232024
Dividends
Dividend Yield
PeriodTTM20242023202220212020201920182017201620152014
Dividend$0.36$0.38$0.38$0.50$0.56$0.52$0.49$0.64$0.60$0.82$1.02$1.14

Dividend yield

4.19%4.56%4.73%6.17%4.87%4.48%4.54%6.24%5.26%6.90%7.64%7.62%

Monthly Dividends

The table displays the monthly dividend distributions for Pioneer Municipal High Income Advantage Fund, Inc.. The dividends shown in the table have been adjusted to account for any splits that may have occurred.


JanFebMarAprMayJunJulAugSepOctNovDecTotal
2025$0.03$0.00$0.03
2024$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.38
2023$0.04$0.04$0.04$0.04$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.38
2022$0.04$0.04$0.04$0.04$0.04$0.04$0.04$0.04$0.04$0.04$0.04$0.04$0.50
2021$0.05$0.05$0.05$0.05$0.05$0.05$0.05$0.04$0.04$0.04$0.04$0.04$0.56
2020$0.04$0.04$0.04$0.04$0.04$0.04$0.04$0.05$0.05$0.05$0.05$0.05$0.52
2019$0.05$0.04$0.04$0.04$0.04$0.04$0.04$0.04$0.04$0.04$0.04$0.04$0.49
2018$0.05$0.05$0.05$0.05$0.05$0.05$0.05$0.05$0.05$0.05$0.05$0.05$0.64
2017$0.05$0.05$0.05$0.05$0.05$0.05$0.05$0.05$0.05$0.05$0.05$0.05$0.60
2016$0.08$0.07$0.07$0.07$0.07$0.07$0.07$0.06$0.06$0.06$0.06$0.06$0.82
2015$0.10$0.10$0.10$0.10$0.08$0.08$0.08$0.08$0.08$0.08$0.08$0.08$1.02
2014$0.10$0.10$0.10$0.10$0.10$0.10$0.10$0.10$0.10$0.10$0.10$0.10$1.14

Dividend Yield & Payout


Dividend Yield
200.0%400.0%600.0%4.2%
Pioneer Municipal High Income Advantage Fund, Inc. has a dividend yield of 4.19%, which is quite average when compared to the overall market.
Payout Ratio
200.0%400.0%600.0%800.0%1,000.0%21.9%
Pioneer Municipal High Income Advantage Fund, Inc. has a payout ratio of 21.93%, which is below the market average. This means Pioneer Municipal High Income Advantage Fund, Inc. returns a smaller proportion of its earnings to shareholders as dividends, suggesting it retains a higher portion for reinvestment, growth, or debt payment.

Drawdowns

Drawdowns Chart

The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.


-20.00%-15.00%-10.00%-5.00%0.00%SeptemberOctoberNovemberDecember2025February
-21.10%
0
MAV (Pioneer Municipal High Income Advantage Fund, Inc.)
Benchmark (^GSPC)

Worst Drawdowns

The table below displays the maximum drawdowns of the Pioneer Municipal High Income Advantage Fund, Inc.. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.

The maximum drawdown for the Pioneer Municipal High Income Advantage Fund, Inc. was 51.55%, occurring on Dec 16, 2008. Recovery took 316 trading sessions.

The current Pioneer Municipal High Income Advantage Fund, Inc. drawdown is 21.10%.


Depth

Start

To Bottom

Bottom

To Recover

End

Total

-51.55%May 14, 2007404Dec 16, 2008316Mar 22, 2010720
-44.62%Aug 2, 2021562Oct 25, 2023
-28.83%Apr 9, 20151245Mar 18, 2020177Nov 27, 20201422
-20.65%Feb 20, 2013126Aug 19, 2013163Apr 11, 2014289
-17.06%Nov 5, 201051Jan 19, 201196Jun 7, 2011147

Volatility

Volatility Chart

The current Pioneer Municipal High Income Advantage Fund, Inc. volatility is 3.09%, representing the average percentage change in the investments's value, either up or down over the past month. The chart below shows the rolling one-month volatility.


1.00%2.00%3.00%4.00%5.00%6.00%SeptemberOctoberNovemberDecember2025February
3.09%
3.07%
MAV (Pioneer Municipal High Income Advantage Fund, Inc.)
Benchmark (^GSPC)

Financials

Financial Performance

The chart below illustrates the trends in the financial health of Pioneer Municipal High Income Advantage Fund, Inc. over time, highlighting three key metrics: Total Revenue, Earnings Before Interest and Taxes (EBIT), and Net Income.

Annual
Quarterly

0.0

Valuation

The Valuation section provides an assessment of the market value of Pioneer Municipal High Income Advantage Fund, Inc. compared to its peers in the Asset Management industry.


PE Ratio
50.0100.0150.0200.0250.0300.05.1
The chart displays the price to earnings (P/E) ratio for MAV in comparison to other companies of the Asset Management industry. Currently, MAV has a PE value of 5.1. This PE value is considered to be low compared to the rest of the industry.
PEG Ratio
-4.0-2.00.02.04.00.0
The chart displays the price to earnings to growth (PEG) ratio for MAV in comparison to other companies of the Asset Management industry. Currently, MAV has a PEG value of 0.0. This PEG ratio is much higher than those of other companies of the industry. This might be an indicator of the company being overvalued.

Historical P/E Ratio Chart

The chart below displays the historical trend of the price-to-earnings (P/E) ratio for Pioneer Municipal High Income Advantage Fund, Inc..


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Income Statement



TTM
Revenue

Total Revenue

Cost Of Revenue

Gross Profit

Operating Expenses

Selling, General & Admin Expenses

R&D Expenses

Depreciation And Amortization

Total Operating Expenses

Income

Income Before Tax

Operating Income

EBITDA

EBIT

Earnings From Continuing Operations

Net Income

Income Tax Expense

Other Non-Operating Income (Expenses)

Extraordinary Items

Discontinued Operations

Effect Of Accounting Charges

Non Recurring

Minority Interest

Other Items

Interest Income

Interest Expense

Net Interest Income

Values in undefined except per share items
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The information contained herein does not constitute investment advice and made available for educational purposes only. Prices and returns on equities are listed without consideration of fees, commissions, taxes, penalties, or interest payable due to purchasing, holding, or selling.

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