AMECX vs. PMAIX
Compare and contrast key facts about American Funds The Income Fund of America Class A (AMECX) and Pioneer Multi-Asset Income Fund A (PMAIX).
AMECX is managed by American Funds. It was launched on Dec 1, 1973. PMAIX is managed by Amundi. It was launched on Dec 22, 2011.
Performance
AMECX vs. PMAIX - Performance Comparison
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AMECX vs. PMAIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
AMECX American Funds The Income Fund of America Class A | 1.48% | 17.77% | 10.84% | 6.79% | -6.40% | 17.37% | 4.49% | 18.50% | -5.27% | 12.58% |
PMAIX Pioneer Multi-Asset Income Fund A | 0.80% | 23.03% | 6.09% | 7.32% | -0.79% | 12.00% | 5.35% | 10.88% | -6.10% | 17.97% |
Returns By Period
In the year-to-date period, AMECX achieves a 1.48% return, which is significantly higher than PMAIX's 0.80% return. Both investments have delivered pretty close results over the past 10 years, with AMECX having a 8.21% annualized return and PMAIX not far ahead at 8.45%.
AMECX
- 1D
- 0.23%
- 1M
- -5.74%
- YTD
- 1.48%
- 6M
- 4.22%
- 1Y
- 14.19%
- 3Y*
- 11.95%
- 5Y*
- 7.95%
- 10Y*
- 8.21%
PMAIX
- 1D
- 0.15%
- 1M
- -3.62%
- YTD
- 0.80%
- 6M
- 4.12%
- 1Y
- 16.77%
- 3Y*
- 11.84%
- 5Y*
- 7.92%
- 10Y*
- 8.45%
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AMECX vs. PMAIX - Expense Ratio Comparison
AMECX has a 0.56% expense ratio, which is lower than PMAIX's 0.85% expense ratio.
Return for Risk
AMECX vs. PMAIX — Risk / Return Rank
AMECX
PMAIX
AMECX vs. PMAIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for American Funds The Income Fund of America Class A (AMECX) and Pioneer Multi-Asset Income Fund A (PMAIX). 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.
| AMECX | PMAIX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.55 | 2.39 | -0.84 |
Sortino ratioReturn per unit of downside risk | 2.13 | 3.02 | -0.90 |
Omega ratioGain probability vs. loss probability | 1.32 | 1.51 | -0.19 |
Calmar ratioReturn relative to maximum drawdown | 1.71 | 2.32 | -0.61 |
Martin ratioReturn relative to average drawdown | 8.01 | 10.88 | -2.87 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| AMECX | PMAIX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.55 | 2.39 | -0.84 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.85 | 1.11 | -0.26 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.77 | 1.12 | -0.35 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.72 | 1.12 | -0.40 |
Correlation
The correlation between AMECX and PMAIX is 0.72, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Dividends
AMECX vs. PMAIX - Dividend Comparison
AMECX's dividend yield for the trailing twelve months is around 9.86%, more than PMAIX's 5.82% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AMECX American Funds The Income Fund of America Class A | 9.86% | 9.94% | 6.38% | 2.93% | 6.98% | 6.67% | 2.80% | 5.01% | 7.48% | 4.26% | 3.09% | 5.09% |
PMAIX Pioneer Multi-Asset Income Fund A | 5.82% | 6.29% | 5.30% | 5.14% | 4.53% | 5.50% | 5.39% | 5.78% | 5.83% | 6.69% | 5.53% | 5.92% |
Drawdowns
AMECX vs. PMAIX - Drawdown Comparison
The maximum AMECX drawdown since its inception was -41.92%, which is greater than PMAIX's maximum drawdown of -24.12%. Use the drawdown chart below to compare losses from any high point for AMECX and PMAIX.
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Drawdown Indicators
| AMECX | PMAIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -41.92% | -24.12% | -17.80% |
Max Drawdown (1Y)Largest decline over 1 year | -8.19% | -7.06% | -1.13% |
Max Drawdown (5Y)Largest decline over 5 years | -15.78% | -13.97% | -1.81% |
Max Drawdown (10Y)Largest decline over 10 years | -26.13% | -24.12% | -2.01% |
Current DrawdownCurrent decline from peak | -5.74% | -3.62% | -2.12% |
Average DrawdownAverage peak-to-trough decline | -4.46% | -2.68% | -1.78% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.74% | 1.51% | +0.23% |
Volatility
AMECX vs. PMAIX - Volatility Comparison
American Funds The Income Fund of America Class A (AMECX) has a higher volatility of 2.94% compared to Pioneer Multi-Asset Income Fund A (PMAIX) at 2.19%. This indicates that AMECX's price experiences larger fluctuations and is considered to be riskier than PMAIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| AMECX | PMAIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.94% | 2.19% | +0.75% |
Volatility (6M)Calculated over the trailing 6-month period | 5.49% | 4.15% | +1.34% |
Volatility (1Y)Calculated over the trailing 1-year period | 9.48% | 7.19% | +2.29% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 9.44% | 7.20% | +2.24% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 10.66% | 7.58% | +3.08% |