CVFCX vs. PKAIX
CVFCX (Pioneer Disciplined Value Fund) and PKAIX (PIMCO RAE US Fund) are both Large Cap Value Equities funds. Over the past 10 years, CVFCX returned 11.37%/yr vs 14.20%/yr for PKAIX. Their correlation of 0.90 suggests significant overlap in exposure. CVFCX charges 0.91%/yr vs 0.40%/yr for PKAIX.
Performance
CVFCX vs. PKAIX - Performance Comparison
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Returns By Period
In the year-to-date period, CVFCX achieves a 7.31% return, which is significantly lower than PKAIX's 21.63% return. Over the past 10 years, CVFCX has underperformed PKAIX with an annualized return of 11.37%, while PKAIX has yielded a comparatively higher 14.20% annualized return.
CVFCX
- 1D
- 0.52%
- 1M
- 0.40%
- YTD
- 7.31%
- 6M
- 6.72%
- 1Y
- 21.09%
- 3Y*
- 14.64%
- 5Y*
- 8.97%
- 10Y*
- 11.37%
PKAIX
- 1D
- 0.48%
- 1M
- 0.24%
- YTD
- 21.63%
- 6M
- 17.91%
- 1Y
- 38.03%
- 3Y*
- 23.83%
- 5Y*
- 15.02%
- 10Y*
- 14.20%
CVFCX vs. PKAIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
CVFCX Pioneer Disciplined Value Fund | 7.31% | 17.37% | 12.11% | 8.19% | -9.69% | 27.72% | 5.64% | 29.54% | -13.17% | 21.67% |
PKAIX PIMCO RAE US Fund | 21.63% | 17.19% | 16.28% | 17.02% | -3.36% | 27.74% | 3.94% | 24.92% | -6.92% | 16.51% |
Correlation
The correlation between CVFCX and PKAIX is 0.81, 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 | 0.81 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.81 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.87 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.89 |
Correlation (All Time) Calculated using the full available price history since Jun 5, 2015 | 0.90 |
The correlation between CVFCX and PKAIX has been stable across timeframes, ranging from 0.81 to 0.90 - a consistent structural relationship.
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Return for Risk
CVFCX vs. PKAIX — Risk / Return Rank
CVFCX
PKAIX
CVFCX vs. PKAIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Pioneer Disciplined Value Fund (CVFCX) and PIMCO RAE US Fund (PKAIX). 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.
| CVFCX | PKAIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.05 | ||
| Sortino ratioReturn per unit of downside risk | -1.26 | ||
| Omega ratioGain probability vs. loss probability | 1.33 | 1.52 | -0.19 |
| Calmar ratioReturn relative to maximum drawdown | 2.76 | 7.60 | -4.84 |
| Martin ratioReturn relative to average drawdown | 8.63 | 22.65 | -14.02 |
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Drawdowns
CVFCX vs. PKAIX - Drawdown Comparison
The maximum CVFCX drawdown since its inception was -55.99%, which is greater than PKAIX's maximum drawdown of -38.56%. Use the drawdown chart below to compare losses from any high point for CVFCX and PKAIX.
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Drawdown Indicators
| CVFCX | PKAIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -55.99% | -38.56% | -17.43% |
Max Drawdown (1Y)Largest decline over 1 year | -8.13% | -5.15% | -2.98% |
Max Drawdown (3Y)Largest decline over 3 years | -16.88% | -20.31% | +3.43% |
Max Drawdown (5Y)Largest decline over 5 years | -24.19% | -20.64% | -3.55% |
Max Drawdown (10Y)Largest decline over 10 years | -35.32% | -38.56% | +3.24% |
Current DrawdownCurrent decline from peak | -1.30% | -2.93% | +1.63% |
Average DrawdownAverage peak-to-trough decline | -10.61% | -4.70% | -5.91% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.59% | 1.72% | +0.87% |
Volatility
CVFCX vs. PKAIX - Volatility Comparison
The current volatility for Pioneer Disciplined Value Fund (CVFCX) is 3.36%, while PIMCO RAE US Fund (PKAIX) has a volatility of 4.28%. This indicates that CVFCX experiences smaller price fluctuations and is considered to be less risky than PKAIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CVFCX | PKAIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.36% | 4.28% | -0.92% |
Volatility (6M)Calculated over the trailing 6-month period | 8.37% | 9.76% | -1.39% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.70% | 13.19% | -1.49% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.90% | 17.78% | -1.88% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.84% | 18.87% | -1.03% |
CVFCX vs. PKAIX - Expense Ratio Comparison
CVFCX has a 0.91% expense ratio, which is higher than PKAIX's 0.40% expense ratio.
Dividends
CVFCX vs. PKAIX - Dividend Comparison
CVFCX's dividend yield for the trailing twelve months is around 5.45%, less than PKAIX's 11.32% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CVFCX Pioneer Disciplined Value Fund | 5.45% | 5.85% | 4.65% | 2.14% | 12.02% | 23.77% | 1.25% | 1.20% | 18.94% | 15.22% | 0.95% | 25.02% |
PKAIX PIMCO RAE US Fund | 11.32% | 13.77% | 16.77% | 6.65% | 8.09% | 10.03% | 3.20% | 4.91% | 6.85% | 5.85% | 5.33% | 3.49% |
Frequently Asked Questions
CVFCX and PKAIX have a correlation of 0.81, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
PKAIX has higher volatility (4.28%) compared to CVFCX (3.36%). In terms of maximum drawdown, CVFCX dropped -55.99% vs PKAIX's -38.56%.
PKAIX currently has the higher Sharpe Ratio (2.97 vs 1.92), 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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