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

Company Info

ISIN

US7237631087

CUSIP

723763108

Sector

Financial Services

IPO Date

Jul 18, 2003

Highlights

Market Cap

$212.68M

EPS (TTM)

$2.07

PE Ratio

4.51

Total Revenue (TTM)

$8.85M

Gross Profit (TTM)

$6.78M

EBITDA (TTM)

$74.78M

Year Range

$8.17 - $9.67

Short Ratio

1.34

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:
MHI vs. VTI MHI vs. QYLD
Popular comparisons:
MHI vs. VTI MHI vs. QYLD

Performance

Performance Chart

The chart shows the growth of an initial investment of $10,000 in Pioneer Municipal High Income 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
0.78%
9.05%
MHI (Pioneer Municipal High Income Fund, Inc.)
Benchmark (^GSPC)

Returns By Period

Pioneer Municipal High Income Fund, Inc. had a return of 1.24% year-to-date (YTD) and 11.41% in the last 12 months. Over the past 10 years, Pioneer Municipal High Income Fund, Inc. had an annualized return of 0.78%, while the S&P 500 had an annualized return of 11.29%, indicating that Pioneer Municipal High Income Fund, Inc. did not perform as well as the benchmark.


MHI

YTD

1.24%

1M

-0.53%

6M

1.10%

1Y

11.41%

5Y*

-1.10%

10Y*

0.78%

^GSPC (Benchmark)

YTD

4.22%

1M

2.22%

6M

9.51%

1Y

22.46%

5Y*

12.74%

10Y*

11.29%

*Annualized

Monthly Returns

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


JanFebMarAprMayJunJulAugSepOctNovDecTotal
20252.00%1.24%
20240.21%1.95%1.30%-3.57%5.12%3.21%1.59%2.11%2.39%-1.72%2.72%-3.39%12.17%
202310.01%-7.49%3.22%-0.81%-4.65%2.67%2.15%-7.99%-8.84%-2.95%17.01%6.25%5.46%
2022-6.98%-2.40%-4.46%-8.50%4.73%-6.60%5.83%-2.19%-13.30%-2.26%13.83%-4.47%-25.96%
20210.75%-2.07%2.07%2.36%1.42%2.27%1.96%-4.30%-3.29%0.64%0.39%0.73%2.69%
20202.03%-1.60%-5.57%-4.03%5.98%-0.75%6.70%-2.39%-0.39%-1.69%9.21%1.32%8.00%
20194.78%0.82%4.57%0.19%1.96%1.34%4.38%-0.81%-0.16%-2.27%-0.54%0.87%15.91%
2018-3.96%0.82%-0.59%0.47%3.06%-0.58%1.96%0.02%-3.20%-2.58%1.88%0.75%-2.19%
20170.15%-0.61%-0.43%1.53%2.39%1.59%0.16%0.26%0.08%-2.01%0.79%1.04%4.97%
20162.23%2.65%3.63%1.14%0.05%2.64%0.99%-5.09%-2.67%-3.67%-5.38%0.28%-3.69%
20155.68%-1.32%0.73%2.25%-11.40%-6.23%0.92%0.98%4.60%4.02%1.15%-0.68%-0.61%
20146.46%0.87%3.58%1.19%3.36%2.14%-5.21%3.72%1.69%0.69%-4.89%-1.98%11.52%

Risk-Adjusted Performance

Risk-Adjusted Performance Rank

With an overall rank of 77, MHI is among the top 23% of stocks on our website when it comes to balancing risk and reward. Below is a breakdown of how it compares using common performance measures.


The Risk-Adjusted Performance Rank of MHI is 7777
Overall Rank
The Sharpe Ratio Rank of MHI is 8383
Sharpe Ratio Rank
The Sortino Ratio Rank of MHI is 7777
Sortino Ratio Rank
The Omega Ratio Rank of MHI is 7575
Omega Ratio Rank
The Calmar Ratio Rank of MHI is 6464
Calmar Ratio Rank
The Martin Ratio Rank of MHI is 8585
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 Fund, Inc. (MHI) 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 MHI, currently valued at 1.34, compared to the broader market-2.000.002.004.001.341.77
The chart of Sortino ratio for MHI, currently valued at 1.92, compared to the broader market-6.00-4.00-2.000.002.004.006.001.922.39
The chart of Omega ratio for MHI, currently valued at 1.24, compared to the broader market0.501.001.502.001.241.32
The chart of Calmar ratio for MHI, currently valued at 0.43, compared to the broader market0.002.004.006.000.432.66
The chart of Martin ratio for MHI, currently valued at 6.68, compared to the broader market0.0010.0020.0030.006.6810.85
MHI
^GSPC

The current Pioneer Municipal High Income Fund, Inc. Sharpe ratio is 1.34. 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 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 Ratio1.001.502.002.503.003.504.004.50SeptemberOctoberNovemberDecember2025February
1.34
1.77
MHI (Pioneer Municipal High Income Fund, Inc.)
Benchmark (^GSPC)

Dividends

Dividend History

Pioneer Municipal High Income Fund, Inc. provided a 4.11% dividend yield over the last twelve months, with an annual payout of $0.38 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$0.38$0.41$0.40$0.51$0.55$0.56$0.61$0.64$0.60$0.78$0.90$1.12

Dividend yield

4.11%4.37%4.65%5.97%4.46%4.47%5.01%5.80%5.05%6.57%6.89%7.97%

Monthly Dividends

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


JanFebMarAprMayJunJulAugSepOctNovDecTotal
2025$0.04$0.00$0.04
2024$0.03$0.03$0.03$0.04$0.04$0.04$0.04$0.04$0.04$0.04$0.04$0.04$0.41
2023$0.05$0.04$0.04$0.04$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.40
2022$0.04$0.04$0.04$0.04$0.04$0.04$0.04$0.05$0.05$0.05$0.05$0.05$0.51
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$0.55
2020$0.05$0.05$0.05$0.05$0.05$0.05$0.05$0.05$0.05$0.05$0.05$0.05$0.56
2019$0.05$0.05$0.05$0.05$0.05$0.05$0.05$0.05$0.05$0.05$0.05$0.05$0.61
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$0.07$0.07$0.07$0.07$0.07$0.07$0.07$0.06$0.06$0.06$0.06$0.06$0.78
2015$0.09$0.09$0.09$0.09$0.07$0.07$0.07$0.07$0.07$0.07$0.07$0.07$0.90
2014$0.10$0.10$0.10$0.10$0.10$0.10$0.10$0.10$0.10$0.10$0.09$0.09$1.12

Dividend Yield & Payout


Dividend Yield
100.0%200.0%300.0%400.0%500.0%600.0%700.0%4.1%
Pioneer Municipal High Income Fund, Inc. has a dividend yield of 4.11%, which is quite average when compared to the overall market.
Payout Ratio
200.0%400.0%600.0%800.0%1,000.0%19.1%
Pioneer Municipal High Income Fund, Inc. has a payout ratio of 19.13%, which is below the market average. This means Pioneer Municipal High Income 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
-16.52%
0
MHI (Pioneer Municipal High Income Fund, Inc.)
Benchmark (^GSPC)

Worst Drawdowns

The table below displays the maximum drawdowns of the Pioneer Municipal High Income 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 Fund, Inc. was 90.00%, occurring on Oct 4, 2004. Recovery took 655 trading sessions.

The current Pioneer Municipal High Income Fund, Inc. drawdown is 16.52%.


Depth

Start

To Bottom

Bottom

To Recover

End

Total

-90%Sep 2, 200422Oct 4, 2004655May 11, 2007677
-41.29%Aug 4, 2021560Oct 25, 2023
-36.16%Sep 12, 200821Oct 10, 200861Jan 8, 200982
-29.7%Feb 26, 202016Mar 18, 2020172Nov 19, 2020188
-18.8%Jul 6, 2016176Mar 16, 2017578Jul 3, 2019754

Volatility

Volatility Chart

The current Pioneer Municipal High Income Fund, Inc. volatility is 2.26%, 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.


2.00%3.00%4.00%5.00%6.00%SeptemberOctoberNovemberDecember2025February
2.26%
3.19%
MHI (Pioneer Municipal High Income Fund, Inc.)
Benchmark (^GSPC)

Financials

Financial Performance

The chart below illustrates the trends in the financial health of Pioneer Municipal High Income 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 Fund, Inc. compared to its peers in the Asset Management industry.


PE Ratio
50.0100.0150.0200.0250.0300.04.5
The chart displays the price to earnings (P/E) ratio for MHI in comparison to other companies of the Asset Management industry. Currently, MHI has a PE value of 4.5. 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 MHI in comparison to other companies of the Asset Management industry. Currently, MHI 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 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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