- ISIN
- US7237091019
- CUSIP
- 723709101
- Issuer
- Amundi
- Inception Date
- Mar 25, 1993
- Category
- Foreign Large Cap Equities
- Min. Investment
- $1,000
- Distribution Policy
- Distributing
- Asset Class
- Equity
Share Price Chart
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Performance
PIIFX Performance Chart
Pioneer International Equity Fund (PIIFX) is up 10.7% since the beginning of the year. PIIFX is currently trading at $38 per share. Investors who bought $1,000 worth of PIIFX shares 5 years ago would now be looking at an investment worth $1,704.
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Returns By Period
Pioneer International Equity Fund (PIIFX) has returned 10.71% so far this year and 33.73% over the past 12 months. Over the last ten years, PIIFX has returned 10.62% per year, falling short of the S&P 500 Index benchmark, which averaged 13.75% annually.
Pioneer International Equity Fund
- 1D
- -0.16%
- 1M
- 3.50%
- YTD
- 10.71%
- 6M
- 14.53%
- 1Y
- 33.73%
- 3Y*
- 20.58%
- 5Y*
- 11.25%
- 10Y*
- 10.62%
Benchmark (S&P 500 Index)
- 1D
- 0.13%
- 1M
- 5.25%
- YTD
- 11.16%
- 6M
- 11.43%
- 1Y
- 28.20%
- 3Y*
- 21.12%
- 5Y*
- 12.66%
- 10Y*
- 13.75%
PIIFX Monthly Returns History
Based on dividend-adjusted daily data since Mar 25, 1993, PIIFX's average daily return is +0.03%, while the average monthly return is +0.58%. At this rate, an investment would double in approximately 10.0 years.
Historically, 57% 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%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 4.53% | 4.25% | -10.47% | 10.35% | 2.99% | -0.16% | 10.71% | ||||||
| 2025 | 4.52% | 2.50% | -0.11% | 3.00% | 5.97% | 4.65% | -1.59% | 4.52% | 5.11% | 3.00% | 1.40% | 3.54% | 42.93% |
| 2024 | 0.28% | 3.48% | 4.23% | -3.83% | 5.15% | -2.97% | 4.90% | 2.63% | -0.18% | -4.88% | -0.20% | -3.75% | 4.21% |
| 2023 | 10.71% | -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 0.02%, 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 99.81% of S&P 500 Index downside but only 85.55% 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
- 0.02%
- Beta
- 0.69
- R²
- 0.52
- Upside Capture
- 85.55%
- Downside Capture
- 99.81%
Expense Ratio
PIIFX has a high expense ratio of 1.15%, indicating above-average management fees.
Return for Risk
Risk / Return Rank
PIIFX ranks 51 for risk / return — on par with similar mutual funds. You're getting a typical balance of risk and reward. Not a standout, but not a red flag either — a reasonable choice if other factors align with your goals.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for Pioneer International Equity Fund (PIIFX) and compare them to S&P 500 Index.
| PIIFX | Benchmark | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 2.17 | 2.39 | -0.22 |
Sortino ratioReturn per unit of downside risk | 2.96 | 3.25 | -0.30 |
Omega ratioGain probability vs. loss probability | 1.39 | 1.43 | -0.04 |
Calmar ratioReturn relative to maximum drawdown | 2.73 | 3.11 | -0.38 |
Martin ratioReturn relative to average drawdown | 10.45 | 14.38 | -3.93 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Dividends
Dividend History
Pioneer International Equity Fund provided a 3.96% 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.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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 | 3.96% | 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.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.00 | $0.00 | $0.00 | $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 0.29%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
Financial crisis2007–2009 | -62.36%Mar 2009 | 1y 4mo | 8y 10mo | 10y 2moNov 2007 - Jan 2018 |
2003 bear market2003 | -61.51%Mar 2003 | 3y 6d | 4y 25d | 7y 1moMar 2000 - Apr 2007 |
1998 bear market1998 | -40.07%Oct 1998 | 5mo 25d | 1y 2mo | 1y 7moApr 1998 - Dec 1999 |
COVID crash2020 | -37.30%Mar 2020 | 2y 1mo | 8mo 6d | 2y 10moJan 2018 - Nov 2020 |
Bear market2022 | -29.27%Sep 2022 | 8mo 17d | 1y 4mo | 2y 13dJan 2022 - Jan 2024 |
Drawdown Indicators
| PIIFX | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -62.36% | -56.78% | -5.58% |
Max Drawdown (1Y)Largest decline over 1 year | -13.03% | -9.10% | -3.93% |
Max Drawdown (3Y)Largest decline over 3 years | -14.98% | -18.90% | +3.92% |
Max Drawdown (5Y)Largest decline over 5 years | -29.27% | -25.43% | -3.84% |
Max Drawdown (10Y)Largest decline over 10 years | -37.30% | -33.92% | -3.38% |
Current DrawdownCurrent decline from peak | -0.29% | 0.00% | -0.29% |
Average DrawdownAverage peak-to-trough decline | -19.52% | -10.72% | -8.80% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.40% | 1.97% | +1.43% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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