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Pioneer International Equity Fund (PIIFX)
Performance
Return for Risk
Dividends
Drawdowns
Volatility

Fund Info

ISIN
US7237091019
CUSIP
723709101
Issuer
Amundi
Inception Date
Mar 25, 1993
Min. Investment
$1,000
Distribution Policy
Distributing
Asset Class
Equity

Share Price Chart


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Pioneer International Equity Fund

Performance

Performance Chart

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


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S&P 500 Index

Returns By Period

Pioneer International Equity Fund (PIIFX) has returned -5.22% so far this year and 26.57% over the past 12 months. Over the last ten years, PIIFX has returned 9.35% per year, falling short of the S&P 500 Index benchmark, which averaged 12.16% annually.


Pioneer International Equity Fund

1D
-0.03%
1M
-13.03%
YTD
-5.22%
6M
2.49%
1Y
26.57%
3Y*
14.91%
5Y*
9.44%
10Y*
9.35%

Benchmark (S&P 500 Index)

1D
2.91%
1M
-5.09%
YTD
-4.63%
6M
-2.39%
1Y
16.33%
3Y*
16.69%
5Y*
10.18%
10Y*
12.16%
*Multi-year figures are annualized to reflect compound growth (CAGR)

Monthly Returns

Based on dividend-adjusted daily data since Mar 25, 1993, PIIFX's average daily return is +0.03%, while the average monthly return is +0.55%. At this rate, your investment would double in approximately 10.5 years.

Historically, 56% of months were positive and 44% were negative. The best month was May 2009 with a return of +16.1%, while the worst month was Oct 2008 at -19.1%. The longest winning streak lasted 12 consecutive months, and the longest losing streak was 6 months.

On a daily basis, PIIFX closed higher 53% of trading days. The best single day was Oct 13, 2008 with a return of +12.0%, while the worst single day was Mar 12, 2020 at -10.2%.


JanFebMarAprMayJunJulAugSepOctNovDecTotal
20264.53%4.25%-13.03%-5.22%
20254.52%2.50%-0.11%3.00%5.97%4.65%-1.59%4.52%5.11%3.00%1.40%3.54%42.93%
20240.28%3.48%4.23%-3.83%5.15%-2.97%4.90%2.63%-0.18%-4.88%-0.20%-3.75%4.21%
202310.71%-2.88%3.19%1.84%-3.24%3.92%3.39%-4.09%-3.13%-4.27%8.53%5.18%19.26%
2022-1.19%-4.65%-1.01%-6.79%3.60%-10.68%4.28%-3.63%-9.01%6.57%12.23%-1.78%-13.59%
2021-1.22%3.16%3.22%3.12%3.50%-1.41%-1.00%2.20%-1.38%1.90%-4.37%5.48%13.50%

Benchmark Metrics

Pioneer International Equity Fund has an annualized alpha of -0.07%, beta of 0.69, and R² of 0.52 versus S&P 500 Index. Calculated based on daily prices since March 26, 1993.

  • This fund participated in 99.82% of S&P 500 Index downside but only 85.66% of its upside — more exposed to losses than it benefited from rallies.
  • Beta of 0.69 indicates this fund moves significantly less than S&P 500 Index — a genuinely defensive profile with reduced participation in both market rallies and downturns.

Alpha
-0.07%
Beta
0.69
0.52
Upside Capture
85.66%
Downside Capture
99.82%

Expense Ratio

PIIFX has a high expense ratio of 1.15%, indicating above-average management fees.


Return for Risk

Risk / Return Rank

PIIFX ranks 76 for risk / return — better than 76% of mutual funds on our site. You're getting solid returns for the risk taken. A good sign, especially for investors who want growth without excessive volatility.


PIIFX Risk / Return Rank: 7676
Overall Rank
PIIFX Sharpe Ratio Rank: 7979
Sharpe Ratio Rank
PIIFX Sortino Ratio Rank: 7676
Sortino Ratio Rank
PIIFX Omega Ratio Rank: 7474
Omega Ratio Rank
PIIFX Calmar Ratio Rank: 7575
Calmar Ratio Rank
PIIFX Martin Ratio Rank: 7474
Martin Ratio Rank
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.

Return / Risk — by metrics

The table below present risk-adjusted performance metrics for Pioneer International Equity Fund (PIIFX) and compare them to a chosen benchmark (S&P 500 Index).


PIIFXBenchmarkDifference

Sharpe ratio

Return per unit of total volatility

1.48

0.90

+0.58

Sortino ratio

Return per unit of downside risk

1.93

1.39

+0.54

Omega ratio

Gain probability vs. loss probability

1.29

1.21

+0.08

Calmar ratio

Return relative to maximum drawdown

1.79

1.40

+0.40

Martin ratio

Return relative to average drawdown

7.11

6.61

+0.50

Explore PIIFX risk-adjusted metrics in detail

Dive deeper into individual metrics with historical trends, benchmark comparisons, and performance across different time periods.

Dividends

Dividend History

Pioneer International Equity Fund provided a 4.63% dividend yield over the last twelve months, with an annual payout of $1.51 per share. The fund has been increasing its distributions for 2 consecutive years.


0.00%2.00%4.00%6.00%8.00%10.00%12.00%14.00%$0.00$0.50$1.00$1.50$2.00$2.50$3.00$3.5020152016201720182019202020212022202320242025
Dividends
Dividend Yield
PeriodTTM20252024202320222021202020192018201720162015
Dividend$1.51$1.51$0.47$0.42$0.81$3.34$0.05$0.49$1.27$0.45$0.18$0.33

Dividend yield

4.63%4.39%1.85%1.69%3.85%13.21%0.18%2.16%6.64%1.82%0.89%1.64%

Monthly Dividends

The table displays the monthly dividend distributions for Pioneer International Equity Fund. The dividends shown in the table have been adjusted to account for any splits that may have occurred.


JanFebMarAprMayJunJulAugSepOctNovDecTotal
2026$0.00$0.00$0.00$0.00
2025$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$1.01$0.50$1.51
2024$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.21$0.25$0.47
2023$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.16$0.25$0.42
2022$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.38$0.43$0.81
2021$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$2.77$0.57$3.34

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.


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Worst Drawdowns

The table below displays the maximum drawdowns of the Pioneer International Equity Fund. 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 International Equity Fund was 62.36%, occurring on Mar 9, 2009. Recovery took 2221 trading sessions.

The current Pioneer International Equity Fund drawdown is 13.03%.


Depth

Start

To Bottom

Bottom

To Recover

End

Total

-62.36%Nov 1, 2007339Mar 9, 20092221Jan 2, 20182560
-61.51%Mar 6, 2000757Mar 12, 20031024Apr 5, 20071781
-40.07%Apr 16, 1998123Oct 8, 1998296Dec 10, 1999419
-37.3%Jan 29, 2018541Mar 23, 2020172Nov 24, 2020713
-29.27%Jan 13, 2022177Sep 27, 2022334Jan 26, 2024511

Volatility

Volatility Chart

The chart below shows the rolling one-month volatility.


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