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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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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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S&P 500 Index

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%
*Multi-year figures are annualized to reflect compound growth (CAGR)

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%.


JanFebMarAprMayJunJulAugSepOctNovDecTotal
20264.53%4.25%-10.47%10.35%2.99%-0.16%10.71%
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 0.02%, 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
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.


PIIFX Risk / Return Rank: 5151
Overall Rank
PIIFX Sharpe Ratio Rank: 5454
Sharpe Ratio Rank
PIIFX Sortino Ratio Rank: 5050
Sortino Ratio Rank
PIIFX Omega Ratio Rank: 5151
Omega Ratio Rank
PIIFX Calmar Ratio Rank: 5151
Calmar Ratio Rank
PIIFX Martin Ratio Rank: 5151
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 S&P 500 Index.


PIIFXBenchmarkDifference

Sharpe ratio

Return per unit of total volatility

2.17

2.39

-0.22

Sortino ratio

Return per unit of downside risk

2.96

3.25

-0.30

Omega ratio

Gain probability vs. loss probability

1.39

1.43

-0.04

Calmar ratio

Return relative to maximum drawdown

2.73

3.11

-0.38

Martin ratio

Return relative to average drawdown

10.45

14.38

-3.93

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.


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

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.


JanFebMarAprMayJunJulAugSepOctNovDecTotal
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 4mo8y 10mo
10y 2moNov 2007 - Jan 2018
2003 bear market2003
-61.51%Mar 2003
3y 6d4y 25d
7y 1moMar 2000 - Apr 2007
1998 bear market1998
-40.07%Oct 1998
5mo 25d1y 2mo
1y 7moApr 1998 - Dec 1999
COVID crash2020
-37.30%Mar 2020
2y 1mo8mo 6d
2y 10moJan 2018 - Nov 2020
Bear market2022
-29.27%Sep 2022
8mo 17d1y 4mo
2y 13dJan 2022 - Jan 2024

Drawdown Indicators


PIIFXBenchmarkDifference

Max Drawdown

Largest 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 Drawdown

Current decline from peak

-0.29%

0.00%

-0.29%

Average Drawdown

Average peak-to-trough decline

-19.52%

-10.72%

-8.80%

Ulcer Index

Depth 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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Portfolio Analyzer

Build a portfolio with PIIFX

Add Pioneer International Equity Fund to a portfolio and analyze allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.

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