CMNVX vs. AYBLX

Last updated Jun 20, 2026

CMNVX (Catholic Responsible Investments Magnus 45/55 Fund) and AYBLX (Pioneer Balanced ESG Fund) are both Diversified Portfolio funds. Over the past 3 years, CMNVX returned 10.87%/yr vs 17.09%/yr for AYBLX. Their correlation of 0.94 suggests significant overlap in exposure. CMNVX charges 0.15%/yr vs 0.65%/yr for AYBLX.

Performance

CMNVX vs. AYBLX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Catholic Responsible Investments Magnus 45/55 Fund (CMNVX) and Pioneer Balanced ESG Fund (AYBLX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, CMNVX achieves a 5.93% return, which is significantly lower than AYBLX's 14.22% return.

CMNVX

• 1D: 0.70%
• 1M: 1.60%
• YTD: 5.93%
• 6M: 6.08%
• 1Y: 13.97%
• 3Y*: 10.87%
• 5Y*: —
• 10Y*: —

AYBLX

• 1D: 0.93%
• 1M: 2.71%
• YTD: 14.22%
• 6M: 14.53%
• 1Y: 32.63%
• 3Y*: 17.09%
• 5Y*: 9.89%
• 10Y*: 10.59%

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

CMNVX vs. AYBLX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
CMNVX Catholic Responsible Investments Magnus 45/55 Fund	5.93%	11.29%	9.60%	13.32%	-13.99%	1.88%
AYBLX Pioneer Balanced ESG Fund	14.22%	19.80%	9.64%	15.41%	-14.39%	3.13%

Correlation

The correlation between CMNVX and AYBLX is 0.89, 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	0.89
Correlation (3Y) Calculated over the trailing 3-year period	0.92
Correlation (All Time) Calculated using the full available price history since Dec 3, 2021	0.94

The correlation between CMNVX and AYBLX has been stable across timeframes, ranging from 0.89 to 0.94 - a consistent structural relationship.

Return for Risk

CMNVX vs. AYBLX — Risk / Return Rank

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

CMNVX

CMNVX Risk / Return Rank: 62
CMNVX Sharpe Ratio Rank: 62
CMNVX Sortino Ratio Rank: 64
CMNVX Omega Ratio Rank: 63
CMNVX Calmar Ratio Rank: 57
CMNVX Martin Ratio Rank: 66

AYBLX

AYBLX Risk / Return Rank: 94
AYBLX Sharpe Ratio Rank: 97
AYBLX Sortino Ratio Rank: 95
AYBLX Omega Ratio Rank: 90
AYBLX Calmar Ratio Rank: 94
AYBLX Martin Ratio Rank: 97

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.

CMNVX vs. AYBLX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Catholic Responsible Investments Magnus 45/55 Fund (CMNVX) and Pioneer Balanced ESG Fund (AYBLX). 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.

	CMNVX	AYBLX	Difference
Sharpe ratio: Return per unit of total volatility	2.10	3.30	-1.19
Sortino ratio: Return per unit of downside risk	3.01	4.63	-1.62
Omega ratio: Gain probability vs. loss probability	1.40	1.61	-0.21
Calmar ratio: Return relative to maximum drawdown	2.74	5.12	-2.38
Martin ratio: Return relative to average drawdown	11.85	23.78	-11.93

CMNVX vs. AYBLX - Sharpe Ratio Comparison

The current CMNVX Sharpe Ratio is 2.10, which is lower than the AYBLX Sharpe Ratio of 3.30. The chart below compares the historical Sharpe Ratios of CMNVX and AYBLX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

CMNVX vs. AYBLX - Drawdown Comparison

The maximum CMNVX drawdown since its inception was -18.25%, smaller than the maximum AYBLX drawdown of -36.28%. Use the drawdown chart below to compare losses from any high point for CMNVX and AYBLX.

Drawdown Indicators

	CMNVX	AYBLX	Difference
Max Drawdown Largest peak-to-trough decline	-18.25%	-36.28%	+18.03%
Max Drawdown (1Y) Largest decline over 1 year	-5.15%	-6.41%	+1.26%
Max Drawdown (3Y) Largest decline over 3 years	-8.14%	-13.39%	+5.25%
Max Drawdown (5Y) Largest decline over 5 years	—	-20.26%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-24.24%	—
Current Drawdown Current decline from peak	-0.09%	-0.32%	+0.23%
Average Drawdown Average peak-to-trough decline	-4.93%	-3.78%	-1.15%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.18%	1.38%	-0.20%

Volatility

CMNVX vs. AYBLX - Volatility Comparison

The current volatility for Catholic Responsible Investments Magnus 45/55 Fund (CMNVX) is 2.71%, while Pioneer Balanced ESG Fund (AYBLX) has a volatility of 3.74%. This indicates that CMNVX experiences smaller price fluctuations and is considered to be less risky than AYBLX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	CMNVX	AYBLX	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.71%	3.74%	-1.03%
Volatility (6M) Calculated over the trailing 6-month period	5.53%	7.86%	-2.33%
Volatility (1Y) Calculated over the trailing 1-year period	6.70%	9.94%	-3.24%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	8.29%	11.13%	-2.84%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	8.29%	11.33%	-3.04%

CMNVX vs. AYBLX - Expense Ratio Comparison

CMNVX has a 0.15% expense ratio, which is lower than AYBLX's 0.65% expense ratio.

Dividends

CMNVX vs. AYBLX - Dividend Comparison

CMNVX's dividend yield for the trailing twelve months is around 4.44%, more than AYBLX's 3.58% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
AYBLX Pioneer Balanced ESG Fund	3.58%	3.58%	2.59%	1.76%	3.23%	8.61%	4.12%	6.03%	9.97%	9.42%	2.63%	4.14%
CMNVX Catholic Responsible Investments Magnus 45/55 Fund	4.44%	4.70%	2.92%	2.51%	1.57%	0.08%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both CMNVX and AYBLX in my portfolio?

CMNVX and AYBLX have a correlation of 0.89, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, CMNVX or AYBLX?

AYBLX has higher volatility (3.74%) compared to CMNVX (2.71%). In terms of maximum drawdown, CMNVX dropped -18.25% vs AYBLX's -36.28%.

Which has better risk-adjusted returns?

AYBLX currently has the higher Sharpe Ratio (3.30 vs 2.10), 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.