BAICX vs. PIYFX
BAICX (BlackRock Multi-Asset Income Portfolio) and PIYFX (Invesco Multi-Asset Income Fund) are both Diversified Portfolio funds. Over the past 10 years, BAICX returned 4.98%/yr vs 3.53%/yr for PIYFX. Their 0.66 correlation means they have sometimes moved together and sometimes differently. BAICX charges 0.81%/yr vs 0.59%/yr for PIYFX.
Performance
BAICX vs. PIYFX - Performance Comparison
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Returns By Period
In the year-to-date period, BAICX achieves a 4.16% return, which is significantly lower than PIYFX's 4.97% return. Over the past 10 years, BAICX has outperformed PIYFX with an annualized return of 4.98%, while PIYFX has yielded a comparatively lower 3.53% annualized return.
BAICX
- 1D
- 0.47%
- 1M
- 0.00%
- 6M
- 2.63%
- YTD
- 4.16%
- 1Y
- 8.51%
- 3Y*
- 9.31%
- 5Y*
- 3.72%
- 10Y*
- 4.98%
- ALL TIME*
- 5.14%
PIYFX
- 1D
- 0.61%
- 1M
- -0.30%
- 6M
- 3.38%
- YTD
- 4.97%
- 1Y
- 10.11%
- 3Y*
- 8.90%
- 5Y*
- 3.04%
- 10Y*
- 3.53%
- ALL TIME*
- 4.72%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $0.00 | $0.00 | $0.00 |
BAICX vs. PIYFX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
BAICX BlackRock Multi-Asset Income Portfolio | 4.16% | 11.53% | 7.19% | 9.24% | -12.42% | 6.61% | 6.34% | 13.61% | -3.78% | 8.79% |
PIYFX Invesco Multi-Asset Income Fund | 4.97% | 10.87% | 6.92% | 10.87% | -16.93% | 6.17% | -4.31% | 16.33% | -4.96% | 10.99% |
Correlation
The correlation between BAICX and PIYFX is 0.84, meaning they have usually moved in the same direction, including during past declines.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.84 |
Correlation (3Y) Balances recent behavior with more history. | 0.84 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.85 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.80 |
Correlation (All Time) Calculated using the full available price history since Dec 14, 2011 | 0.66 |
The correlation between BAICX and PIYFX shifts across timeframes, from 0.66 (all time) to 0.85 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
BAICX vs. PIYFX — Risk / Return Rank
BAICX
PIYFX
BAICX vs. PIYFX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for BlackRock Multi-Asset Income Portfolio (BAICX) and Invesco Multi-Asset Income Fund (PIYFX). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| BAICX | PIYFX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.03 | ||
| Sortino ratioReturn per unit of downside risk | 0.00 | ||
| Omega ratioGain probability vs. loss probability | 1.31 | 1.31 | 0.00 |
| Calmar ratioReturn relative to maximum drawdown | 1.82 | 1.99 | -0.18 |
| Martin ratioReturn relative to average drawdown | 7.73 | 8.30 | -0.58 |
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Drawdowns
BAICX vs. PIYFX - Drawdown Comparison
The maximum BAICX drawdown since its inception was -33.29%, which is greater than PIYFX's maximum drawdown of -30.39%. Use the drawdown chart below to compare losses from any high point for BAICX and PIYFX.
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Drawdown Indicators
| BAICX | PIYFX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.29% | -30.39% | -2.90% |
Max Drawdown (1Y)Largest decline over 1 year | -5.00% | -5.49% | +0.49% |
Max Drawdown (3Y)Largest decline over 3 years | -5.73% | -7.30% | +1.57% |
Max Drawdown (5Y)Largest decline over 5 years | -17.64% | -20.01% | +2.37% |
Max Drawdown (10Y)Largest decline over 10 years | -19.76% | -30.39% | +10.63% |
Current DrawdownCurrent decline from peak | -0.28% | -0.66% | +0.38% |
Average DrawdownAverage peak-to-trough decline | -3.71% | -4.04% | +0.33% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.17% | 1.31% | -0.14% |
Volatility
BAICX vs. PIYFX - Volatility Comparison
The current volatility for BlackRock Multi-Asset Income Portfolio (BAICX) is 1.49%, while Invesco Multi-Asset Income Fund (PIYFX) has a volatility of 1.77%. This indicates that BAICX experiences smaller price fluctuations and is considered to be less risky than PIYFX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BAICX | PIYFX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.49% | 1.77% | -0.28% |
Volatility (6M)Calculated over the trailing 6-month period | 4.79% | 5.54% | -0.75% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.63% | 6.68% | -1.05% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.33% | 7.15% | -0.82% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.06% | 8.53% | -2.47% |
BAICX vs. PIYFX - Expense Ratio Comparison
BAICX has a 0.81% expense ratio, which is higher than PIYFX's 0.59% expense ratio.
Dividends
BAICX vs. PIYFX - Dividend Comparison
BAICX's dividend yield for the trailing twelve months is around 5.93%, less than PIYFX's 6.48% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BAICX BlackRock Multi-Asset Income Portfolio | 5.93% | 6.26% | 5.85% | 4.20% | 4.21% | 4.90% | 4.07% | 4.69% | 5.28% | 4.60% | 4.71% | 5.34% |
PIYFX Invesco Multi-Asset Income Fund | 6.48% | 6.14% | 6.90% | 7.07% | 7.35% | 6.21% | 6.04% | 5.13% | 5.74% | 5.82% | 4.94% | 5.37% |
Frequently Asked Questions
BAICX and PIYFX have a correlation of 0.84, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
PIYFX has higher volatility (1.77%) compared to BAICX (1.49%). In terms of maximum drawdown, BAICX dropped -33.29% vs PIYFX's -30.39%.
PIYFX currently has the higher Sharpe Ratio (1.64 vs 1.61), 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.
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