DHY vs. PMAIX
Compare and contrast key facts about Dimensional High Yield Equity Fund (DHY) and Pioneer Multi-Asset Income Fund A (PMAIX).
DHY is managed by Dimensional Fund Advisors. It was launched on Jan 1, 2013. PMAIX is managed by Amundi. It was launched on Dec 22, 2011.
Performance
DHY vs. PMAIX - Performance Comparison
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DHY vs. PMAIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
DHY Dimensional High Yield Equity Fund | -2.71% | 2.19% | 18.18% | 24.13% | -21.75% | 16.99% | 0.10% | 26.18% | -16.10% | 17.06% |
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, DHY achieves a -2.71% return, which is significantly lower than PMAIX's 0.80% return. Over the past 10 years, DHY has underperformed PMAIX with an annualized return of 7.91%, while PMAIX has yielded a comparatively higher 8.45% annualized return.
DHY
- 1D
- 3.83%
- 1M
- -1.24%
- YTD
- -2.71%
- 6M
- -3.37%
- 1Y
- -1.80%
- 3Y*
- 9.83%
- 5Y*
- 4.43%
- 10Y*
- 7.91%
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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DHY vs. PMAIX - Expense Ratio Comparison
DHY has a 0.04% expense ratio, which is lower than PMAIX's 0.85% expense ratio.
Return for Risk
DHY vs. PMAIX — Risk / Return Rank
DHY
PMAIX
DHY vs. PMAIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Dimensional High Yield Equity Fund (DHY) 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.
| DHY | PMAIX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | -0.13 | 2.39 | -2.52 |
Sortino ratioReturn per unit of downside risk | -0.08 | 3.02 | -3.10 |
Omega ratioGain probability vs. loss probability | 0.99 | 1.51 | -0.52 |
Calmar ratioReturn relative to maximum drawdown | -0.26 | 2.32 | -2.58 |
Martin ratioReturn relative to average drawdown | -0.78 | 10.88 | -11.66 |
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
| DHY | PMAIX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.13 | 2.39 | -2.52 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.29 | 1.11 | -0.81 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.44 | 1.12 | -0.68 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.18 | 1.12 | -0.94 |
Correlation
The correlation between DHY and PMAIX is 0.29, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Dividends
DHY vs. PMAIX - Dividend Comparison
DHY's dividend yield for the trailing twelve months is around 9.79%, more than PMAIX's 5.82% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DHY Dimensional High Yield Equity Fund | 9.79% | 9.30% | 8.69% | 9.39% | 10.57% | 7.61% | 8.68% | 9.02% | 11.20% | 9.40% | 10.52% | 12.63% |
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
DHY vs. PMAIX - Drawdown Comparison
The maximum DHY drawdown since its inception was -71.47%, which is greater than PMAIX's maximum drawdown of -24.12%. Use the drawdown chart below to compare losses from any high point for DHY and PMAIX.
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Drawdown Indicators
| DHY | PMAIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -71.47% | -24.12% | -47.35% |
Max Drawdown (1Y)Largest decline over 1 year | -10.38% | -7.06% | -3.32% |
Max Drawdown (5Y)Largest decline over 5 years | -27.23% | -13.97% | -13.26% |
Max Drawdown (10Y)Largest decline over 10 years | -41.36% | -24.12% | -17.24% |
Current DrawdownCurrent decline from peak | -6.10% | -3.62% | -2.48% |
Average DrawdownAverage peak-to-trough decline | -12.37% | -2.68% | -9.69% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.50% | 1.51% | +1.99% |
Volatility
DHY vs. PMAIX - Volatility Comparison
Dimensional High Yield Equity Fund (DHY) has a higher volatility of 6.45% compared to Pioneer Multi-Asset Income Fund A (PMAIX) at 2.19%. This indicates that DHY'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
| DHY | PMAIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.45% | 2.19% | +4.26% |
Volatility (6M)Calculated over the trailing 6-month period | 9.58% | 4.15% | +5.43% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.36% | 7.19% | +7.17% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.25% | 7.20% | +8.05% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.97% | 7.58% | +10.39% |