Pioneer Multi-Asset Income Fund (PMFYX) belongs to the Global Allocation category. Below you'll find alternative mutual funds from the same category, ranked by key criteria, plus funds that investors commonly compare with PMFYX. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.
Cheapest Alternatives to PMFYX
PMFYX charges 0.65% annually. There are 19 mutual funds in the Global Allocation category with lower expense ratios, going as low as 0.02%.
| Symbol | Name | Expense Ratio | AUM | Inception | |
|---|---|---|---|---|---|
| GMO Implementation Fund | 0.02% | — | Feb 2012 | PMFYX vs GIMFX | |
| Goldman Sachs Growth Strategy Portfolio | 0.19% | — | Jan 1998 | PMFYX vs GGSIX | |
| Voya Global Perspectives Portfolio | 0.20% | — | Apr 2013 | PMFYX vs IPIRX | |
| MH Elite Select Portfolio of Funds Fund | 0.21% | — | Apr 2006 | PMFYX vs MHESX | |
| Janus Henderson Global Allocation Fund - Moderate | 0.25% | — | Dec 2005 | PMFYX vs JNSMX |
Best Risk-Adjusted Alternatives to PMFYX
PMFYX has a PortfoliosLab risk / return rank of 93. There are 11 mutual funds in the Global Allocation category with higher risk-adjusted ranks, going as high as 98.
| Symbol | Name | Risk / Return Rank | AUM | Inception | |
|---|---|---|---|---|---|
| Thornburg Investment Income Builder Fund | 98 | — | Dec 2002 | PMFYX vs TIBAX | |
| GMO Benchmark-Free Fund | 97 | — | Jun 2011 | PMFYX vs GBFFX | |
| GMO Benchmark-Free Allocation Fund | 97 | — | Jul 2003 | PMFYX vs GBMFX | |
| GMO Implementation Fund | 97 | — | Feb 2012 | PMFYX vs GIMFX | |
| Principal Diversified Select Real Asset Fund | 97 | — | Jul 2019 | PMFYX vs PDSYX |
Top Performing PMFYX Alternatives (YTD)
PMFYX is at 7.86% YTD. There are 45 mutual funds in the Global Allocation category with higher YTD returns, going as high as 18.98%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| Thornburg Investment Income Builder Fund | 18.98% | — | Dec 2002 | PMFYX vs TIBAX | |
| Calamos Global Total Return Fund | 17.25% | — | Oct 2005 | PMFYX vs CGO | |
| Calamos Global Dynamic Income Fund | 16.99% | — | Jun 2007 | PMFYX vs CHW | |
| Wilmington Real Asset Fund | 16.46% | — | Jun 2003 | PMFYX vs WMRIX | |
| Nuveen Multi-Asset Income Fund | 15.72% | — | Nov 2021 | PMFYX vs NMAI |
Lowest Volatility Alternatives to PMFYX
PMFYX has 5.96% 1-year volatility. There are 4 mutual funds in the Global Allocation category with lower 1-year volatility, going as low as 3.03%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Principal Diversified Select Real Asset Fund | 3.03% | — | Jul 2019 | PMFYX vs PDSYX | |
| PFG BNY Mellon Diversifier Strategy Fund | 4.42% | — | Dec 2017 | PMFYX vs PFADX | |
| LoCorr Macro Strategies Fund Class I | 5.78% | — | Mar 2011 | PMFYX vs LFMIX | |
| Nuveen Real Asset Income Fund | 5.79% | — | Sep 2011 | PMFYX vs NRIIX | |
| MH Elite Income Fund of Funds | 6.25% | — | Aug 2011 | PMFYX vs MHEIX |
Lowest Drawdown Alternatives to PMFYX
PMFYX has a 1-year max drawdown of -4.08%. There are 3 mutual funds in the Global Allocation category with shallower 1-year drawdowns, going as shallow as -1.98%.
| Symbol | Name | Max Drawdown 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Principal Diversified Select Real Asset Fund | -1.98% | — | Jul 2019 | PMFYX vs PDSYX | |
| LoCorr Macro Strategies Fund Class I | -3.48% | — | Mar 2011 | PMFYX vs LFMIX | |
| PFG BNY Mellon Diversifier Strategy Fund | -3.63% | — | Dec 2017 | PMFYX vs PFADX | |
| Morningstar Global Income Fund | -4.38% | — | Nov 2018 | PMFYX vs MSTGX | |
| MH Elite Income Fund of Funds | -4.54% | — | Aug 2011 | PMFYX vs MHEIX |
Other Mutual Funds from Amundi
The 10 most viewed Amundi mutual funds shown here include PMAIX, PIODX, XILSX and span 10 categories.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|---|---|
| Pioneer Multi-Asset Income Fund A | Diversified Portfolio, Dividend | 93 | 7.66% | — | Dec 2011 | PMFYX vs PMAIX | |
| Pioneer Fund | Large Cap Blend Equities | 33 | 8.29% | — | Feb 1928 | PMFYX vs PIODX | |
| Pioneer ILS Interval Fund | High Yield Bonds | 100 | 10.56% | — | Dec 2014 | PMFYX vs XILSX | |
| Pioneer Core Equity Fund | Large Cap Blend Equities | 69 | 12.80% | — | Nov 1999 | PMFYX vs PIOTX | |
| Pioneer Disciplined Growth Fund | Large Cap Growth Equities | 22 | 8.48% | — | Dec 2005 | PMFYX vs PINDX | |
| Pioneer Securitized Income Fund | Nontraditional Bonds | 69 | 2.11% | — | Dec 2019 | PMFYX vs SYFFX | |
| Pioneer Fundamental Growth Fund | Large Cap Growth Equities | 12 | 5.04% | — | Aug 2002 | PMFYX vs PIGFX | |
| Pioneer Multi-Asset Ultrashort Income Fund | Ultrashort Bond | 98 | 1.87% | — | Apr 2011 | PMFYX vs MYFRX | |
| Pioneer Global Sustainable Equity Fund Class A | Global Equities, Sustainable | 87 | 14.83% | — | Dec 2005 | PMFYX vs GLOSX | |
| Pioneer Mid Cap Value Fund | Mid Cap Value Equities | 84 | 18.69% | — | Jul 1990 | PMFYX vs PCGRX |
Often Compared With PMFYX
Investors most often compare PMFYX with VGWLX, FPACX, SPY. These 20 comparison targets span 10 categories, based on PortfoliosLab usage data.
Compare PMFYX with Any Fund or Stock
Compare PMFYX with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
Pair PMFYX with funds that move differently
Pioneer Multi-Asset Income Fund alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to PMFYX.
Explore PMFYX Diversifiers