AMEFX vs. PMAIX
Compare and contrast key facts about American Funds The Income Fund of America® Class F-2 (AMEFX) and Pioneer Multi-Asset Income Fund A (PMAIX).
AMEFX is a passively managed fund by American Funds that tracks the performance of the 65%/35% S&P 500 Index/Bloomberg U.S. Aggregate Index. It was launched on Dec 1, 1973. PMAIX is managed by Amundi. It was launched on Dec 22, 2011.
Performance
AMEFX vs. PMAIX - Performance Comparison
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AMEFX vs. PMAIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
AMEFX American Funds The Income Fund of America® Class F-2 | 1.49% | 18.03% | 11.08% | 6.92% | -6.22% | 17.63% | 4.67% | 18.74% | -5.11% | 12.73% |
PMAIX Pioneer Multi-Asset Income Fund A | 1.34% | 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, AMEFX achieves a 1.49% return, which is significantly higher than PMAIX's 1.34% return. Both investments have delivered pretty close results over the past 10 years, with AMEFX having a 8.40% annualized return and PMAIX not far ahead at 8.51%.
AMEFX
- 1D
- 0.19%
- 1M
- -5.74%
- YTD
- 1.49%
- 6M
- 4.29%
- 1Y
- 14.39%
- 3Y*
- 12.15%
- 5Y*
- 8.14%
- 10Y*
- 8.40%
PMAIX
- 1D
- 0.54%
- 1M
- -2.74%
- YTD
- 1.34%
- 6M
- 4.36%
- 1Y
- 17.30%
- 3Y*
- 12.04%
- 5Y*
- 7.98%
- 10Y*
- 8.51%
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AMEFX vs. PMAIX - Expense Ratio Comparison
AMEFX has a 0.37% expense ratio, which is lower than PMAIX's 0.85% expense ratio.
Return for Risk
AMEFX vs. PMAIX — Risk / Return Rank
AMEFX
PMAIX
AMEFX 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 F-2 (AMEFX) 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.
| AMEFX | PMAIX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.57 | 2.43 | -0.86 |
Sortino ratioReturn per unit of downside risk | 2.15 | 3.08 | -0.92 |
Omega ratioGain probability vs. loss probability | 1.32 | 1.52 | -0.19 |
Calmar ratioReturn relative to maximum drawdown | 1.72 | 2.50 | -0.79 |
Martin ratioReturn relative to average drawdown | 8.12 | 11.66 | -3.54 |
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
| AMEFX | PMAIX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.57 | 2.43 | -0.86 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.87 | 1.11 | -0.25 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.79 | 1.13 | -0.34 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.66 | 1.12 | -0.46 |
Correlation
The correlation between AMEFX 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
AMEFX vs. PMAIX - Dividend Comparison
AMEFX's dividend yield for the trailing twelve months is around 10.08%, more than PMAIX's 5.79% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AMEFX American Funds The Income Fund of America® Class F-2 | 10.08% | 10.16% | 6.60% | 3.09% | 7.21% | 6.87% | 3.00% | 5.19% | 7.67% | 4.38% | 3.27% | 5.27% |
PMAIX Pioneer Multi-Asset Income Fund A | 5.79% | 6.29% | 5.30% | 5.14% | 4.53% | 5.50% | 5.39% | 5.78% | 5.83% | 6.69% | 5.53% | 5.92% |
Drawdowns
AMEFX vs. PMAIX - Drawdown Comparison
The maximum AMEFX drawdown since its inception was -37.22%, which is greater than PMAIX's maximum drawdown of -24.12%. Use the drawdown chart below to compare losses from any high point for AMEFX and PMAIX.
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Drawdown Indicators
| AMEFX | PMAIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -37.22% | -24.12% | -13.10% |
Max Drawdown (1Y)Largest decline over 1 year | -8.24% | -7.06% | -1.18% |
Max Drawdown (5Y)Largest decline over 5 years | -15.67% | -13.97% | -1.70% |
Max Drawdown (10Y)Largest decline over 10 years | -26.10% | -24.12% | -1.98% |
Current DrawdownCurrent decline from peak | -5.74% | -3.10% | -2.64% |
Average DrawdownAverage peak-to-trough decline | -3.85% | -2.69% | -1.16% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.74% | 1.52% | +0.22% |
Volatility
AMEFX vs. PMAIX - Volatility Comparison
American Funds The Income Fund of America® Class F-2 (AMEFX) has a higher volatility of 2.90% compared to Pioneer Multi-Asset Income Fund A (PMAIX) at 2.29%. This indicates that AMEFX'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
| AMEFX | PMAIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.90% | 2.29% | +0.61% |
Volatility (6M)Calculated over the trailing 6-month period | 5.46% | 4.18% | +1.28% |
Volatility (1Y)Calculated over the trailing 1-year period | 9.51% | 7.19% | +2.32% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 9.45% | 7.20% | +2.25% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 10.68% | 7.58% | +3.10% |