ACUSX vs. PIODX

Last updated Jun 3, 2026

ACUSX (Advisors Capital US Dividend Fund) and PIODX (Pioneer Fund) are both Large Cap Blend Equities funds. Over the past 5 years, ACUSX returned 7.63%/yr vs 14.25%/yr for PIODX. Their correlation of 0.91 suggests significant overlap in exposure. ACUSX charges 1.95%/yr vs 1.06%/yr for PIODX.

Performance

ACUSX vs. PIODX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Advisors Capital US Dividend Fund (ACUSX) and Pioneer Fund (PIODX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, ACUSX achieves a 9.66% return, which is significantly lower than PIODX's 12.68% return.

ACUSX

• 1D: 0.07%
• 1M: 4.21%
• YTD: 9.66%
• 6M: 9.11%
• 1Y: 22.05%
• 3Y*: 16.53%
• 5Y*: 7.63%
• 10Y*: —

PIODX

• 1D: 0.28%
• 1M: 2.15%
• YTD: 12.68%
• 6M: 13.12%
• 1Y: 35.22%
• 3Y*: 25.80%
• 5Y*: 14.25%
• 10Y*: 16.68%

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

ACUSX vs. PIODX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
ACUSX Advisors Capital US Dividend Fund	9.66%	13.11%	15.45%	17.27%	-21.05%	15.90%
PIODX Pioneer Fund	12.68%	23.30%	22.62%	28.45%	-19.43%	21.25%

Correlation

The correlation between ACUSX and PIODX is 0.83, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.83
Correlation (3Y) Calculated over the trailing 3-year period	0.85
Correlation (5Y) Calculated over the trailing 5-year period	0.91
Correlation (All Time) Calculated using the full available price history since Mar 22, 2021	0.91

The correlation between ACUSX and PIODX has been stable across timeframes, ranging from 0.83 to 0.91 - a consistent structural relationship.

Return for Risk

ACUSX vs. PIODX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

ACUSX

ACUSX Risk / Return Rank: 61
ACUSX Sharpe Ratio Rank: 56
ACUSX Sortino Ratio Rank: 52
ACUSX Omega Ratio Rank: 51
ACUSX Calmar Ratio Rank: 73
ACUSX Martin Ratio Rank: 71

PIODX

PIODX Risk / Return Rank: 68
PIODX Sharpe Ratio Rank: 68
PIODX Sortino Ratio Rank: 59
PIODX Omega Ratio Rank: 55
PIODX Calmar Ratio Rank: 77
PIODX Martin Ratio Rank: 82

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.

ACUSX vs. PIODX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Advisors Capital US Dividend Fund (ACUSX) and Pioneer Fund (PIODX). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

	ACUSX	PIODX	Difference
Sharpe ratio Return per unit of total volatility	2.19	2.41	-0.22
Sortino ratio Return per unit of downside risk	3.04	3.22	-0.18
Omega ratio Gain probability vs. loss probability	1.40	1.41	-0.02
Calmar ratio Return relative to maximum drawdown	3.33	3.53	-0.20
Martin ratio Return relative to average drawdown	13.64	15.44	-1.79
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

ACUSX vs. PIODX - Sharpe Ratio Comparison

The current ACUSX Sharpe Ratio is 2.19, which is comparable to the PIODX Sharpe Ratio of 2.41. The chart below compares the historical Sharpe Ratios of ACUSX and PIODX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	ACUSX	PIODX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.19	2.41	-0.22
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.01	0.75	-0.74
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.89	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.01	0.53	-0.53

Drawdowns

ACUSX vs. PIODX - Drawdown Comparison

The maximum ACUSX drawdown since its inception was -96.85%, which is greater than PIODX's maximum drawdown of -53.40%. Use the drawdown chart below to compare losses from any high point for ACUSX and PIODX.

Drawdown Indicators

	ACUSX	PIODX	Difference
Max Drawdown Largest peak-to-trough decline	-96.85%	-53.40%	-43.45%
Max Drawdown (1Y) Largest decline over 1 year	-6.82%	-9.99%	+3.17%
Max Drawdown (3Y) Largest decline over 3 years	-96.85%	-21.52%	-75.33%
Max Drawdown (5Y) Largest decline over 5 years	-96.85%	-26.55%	-70.30%
Max Drawdown (10Y) Largest decline over 10 years	—	-30.14%	—
Current Drawdown Current decline from peak	-95.57%	-0.16%	-95.41%
Average Drawdown Average peak-to-trough decline	-31.69%	-8.60%	-23.09%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.67%	2.29%	-0.62%

Volatility

ACUSX vs. PIODX - Volatility Comparison

The current volatility for Advisors Capital US Dividend Fund (ACUSX) is 2.75%, while Pioneer Fund (PIODX) has a volatility of 3.73%. This indicates that ACUSX experiences smaller price fluctuations and is considered to be less risky than PIODX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	ACUSX	PIODX	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.75%	3.73%	-0.98%
Volatility (6M) Calculated over the trailing 6-month period	7.65%	11.28%	-3.63%
Volatility (1Y) Calculated over the trailing 1-year period	10.26%	15.07%	-4.81%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	1,173.45%	19.15%	+1,154.30%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	1,150.78%	18.86%	+1,131.92%

ACUSX vs. PIODX - Expense Ratio Comparison

ACUSX has a 1.95% expense ratio, which is higher than PIODX's 1.06% expense ratio.

Dividends

ACUSX vs. PIODX - Dividend Comparison

ACUSX has not paid dividends to shareholders, while PIODX's dividend yield for the trailing twelve months is around 8.90%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
ACUSX Advisors Capital US Dividend Fund	0.00%	0.00%	0.04%	0.19%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
PIODX Pioneer Fund	8.90%	10.04%	14.17%	2.86%	4.13%	16.18%	5.82%	9.37%	15.37%	21.35%	20.51%	14.53%

Frequently Asked Questions

Can I hold both ACUSX and PIODX in my portfolio?

ACUSX and PIODX have a correlation of 0.83, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, ACUSX or PIODX?

PIODX has higher volatility (3.73%) compared to ACUSX (2.75%). In terms of maximum drawdown, ACUSX dropped -96.85% vs PIODX's -53.40%.

Which has better risk-adjusted returns?

PIODX currently has the higher Sharpe Ratio (2.41 vs 2.19), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.