Invesco Multi-Asset Income Fund (PIYFX) belongs to the Diversified Portfolio category. Below you'll find alternative mutual funds from the same category, ranked by key criteria, plus funds that investors commonly compare with PIYFX. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.
Cheapest Alternatives to PIYFX
PIYFX charges 0.59% annually. There are 227 mutual funds in the Diversified Portfolio category with lower expense ratios, going as low as 0.02%.
| Symbol | Name | Expense Ratio | AUM | Inception | |
|---|---|---|---|---|---|
| Fidelity 70% Allocation Fund | 0.02% | — | Jan 2022 | PIYFX vs FRGAX | |
| PGIM 60/40 Allocation Fund | 0.03% | — | Sep 2017 | PIYFX vs PALDX | |
| Vanguard Balanced Index Fund Institutional Shares | 0.04% | 64.10B | Dec 2000 | PIYFX vs VBAIX | |
| TIAA-CREF Lifestyle Aggressive Growth Fund | 0.04% | — | Dec 2011 | PIYFX vs TSAIX | |
| Vanguard Tax-Managed Balanced Fund Admiral Shares | 0.05% | 12.30B | Sep 1994 | PIYFX vs VTMFX |
Best Risk-Adjusted Alternatives to PIYFX
PIYFX has a PortfoliosLab risk / return rank of 53. There are 327 mutual funds in the Diversified Portfolio category with higher risk-adjusted ranks, going as high as 99.
| Symbol | Name | Risk / Return Rank | AUM | Inception | |
|---|---|---|---|---|---|
| SEI Asset Allocation Trust Defensive Strategy Allo... | 99 | — | Nov 2003 | PIYFX vs STDAX | |
| Thornburg Investment Income Builder Fund Class I | 97 | — | Dec 2002 | PIYFX vs TIBIX | |
| Nuveen Flexible Income Fund | 97 | — | Dec 2009 | PIYFX vs NWQIX | |
| Pioneer Balanced ESG Fund | 93 | — | Dec 1991 | PIYFX vs AYBLX | |
| Victory Pioneer Balanced Fund Class A | 93 | — | Dec 1991 | PIYFX vs AOBLX |
Top Performing PIYFX Alternatives (YTD)
PIYFX is at 4.64% YTD. There are 397 mutual funds in the Diversified Portfolio category with higher YTD returns, going as high as 31.24%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| Allspring Diversified Capital Builder Fund | 31.24% | — | Jan 1998 | PIYFX vs EKBAX | |
| Greenspring Fund | 19.30% | — | Jun 1983 | PIYFX vs GRSPX | |
| MH Elite Small Cap Fund of Funds Fund | 19.20% | — | Aug 1998 | PIYFX vs MHELX | |
| ICON Equity Income Fund | 18.43% | — | May 2004 | PIYFX vs IOEZX | |
| Thornburg Investment Income Builder Fund Class I | 16.12% | — | Dec 2002 | PIYFX vs TIBIX |
Lowest Volatility Alternatives to PIYFX
PIYFX has 6.59% 1-year volatility. There are 145 mutual funds in the Diversified Portfolio category with lower 1-year volatility, going as low as 0.86%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| SEI Asset Allocation Trust Defensive Strategy Allo... | 0.86% | — | Nov 2003 | PIYFX vs STDAX | |
| SEI Asset Allocation Trust Conservative Strategy F... | 2.82% | — | Nov 2003 | PIYFX vs SICIX | |
| SEI Institutional Managed Trust Multi-Asset Capita... | 2.87% | — | Apr 2012 | PIYFX vs SCLAX | |
| Ave Maria Bond Fund | 2.99% | — | Apr 2003 | PIYFX vs AVEFX | |
| American Funds College 2027 Fund | 3.11% | — | Sep 2012 | PIYFX vs CSTAX |
Lowest Drawdown Alternatives to PIYFX
PIYFX has a 1-year max drawdown of -5.49%. There are 171 mutual funds in the Diversified Portfolio category with shallower 1-year drawdowns, going as shallow as -0.36%.
| Symbol | Name | Max Drawdown 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| SEI Asset Allocation Trust Defensive Strategy Allo... | -0.36% | — | Nov 2003 | PIYFX vs STDAX | |
| SEI Institutional Managed Trust Multi-Asset Capita... | -2.32% | — | Apr 2012 | PIYFX vs SCLAX | |
| DFA Global Allocation 25/75 Portfolio | -2.64% | — | Dec 2003 | PIYFX vs DGTSX | |
| SEI Asset Allocation Trust Conservative Strategy F... | -2.65% | — | Nov 2003 | PIYFX vs SICIX | |
| American Funds College 2027 Fund | -2.72% | — | Sep 2012 | PIYFX vs CSTAX |
Other Mutual Funds from Invesco
The 10 most viewed Invesco mutual funds shown here include IVNQX, VADAX, VAFAX and span 9 categories.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|---|---|
| Invesco Nasdaq 100 Index Fund | Large Cap Growth Equities | 51 | 16.09% | — | Oct 2020 | PIYFX vs IVNQX | |
| Invesco Equally-Weighted S&P 500 Fund Class A | Large Cap Blend Equities | 48 | 12.53% | — | — | PIYFX vs VADAX | |
| Invesco American Franchise Fund Class A | Large Cap Growth Equities | 10 | 6.07% | — | Jun 2005 | PIYFX vs VAFAX | |
| Invesco Gold & Special Minerals Fund | Gold, Precious Metals | 21 | -12.38% | — | Jul 1983 | PIYFX vs OPGSX | |
| Invesco Value Opportunities Fund | Mid Cap Value Equities | 79 | 18.62% | — | Jun 2001 | PIYFX vs VVOAX | |
| Invesco Comstock Fund | Large Cap Value Equities | 72 | 12.21% | — | Oct 1968 | PIYFX vs ACSTX | |
| Invesco Main Street Fund | Large Cap Blend Equities | 33 | 6.92% | — | Feb 1988 | PIYFX vs MSIGX | |
| Invesco Small Cap Value Fund | Small Cap Value Equities | 79 | 26.16% | — | Jun 1999 | PIYFX vs VSCAX | |
| Invesco Equity and Income Fund | Diversified Portfolio | 68 | 7.30% | — | Aug 1960 | PIYFX vs ACEIX | |
| Invesco Global Fund | Global Equities | 17 | 5.97% | — | Dec 1969 | PIYFX vs OPPAX |
Often Compared With PIYFX
Investors most often compare PIYFX with BAICX, FCSRX, PMFYX. These 20 comparison targets span 4 categories, based on PortfoliosLab usage data.
Compare PIYFX with Any Fund or Stock
Compare PIYFX with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
Pair PIYFX with funds that move differently
Invesco Multi-Asset Income Fund alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to PIYFX.
Explore PIYFX Diversifiers