EICIX vs. PEQIX

Last updated Jun 23, 2026

EICIX (EIC Value Fund) and PEQIX (Pioneer Equity Income Fund) are both Large Cap Value Equities funds. Over the past 10 years, EICIX returned 11.28%/yr vs 9.19%/yr for PEQIX. Their correlation of 0.90 suggests significant overlap in exposure. EICIX charges 0.95%/yr vs 1.02%/yr for PEQIX.

Performance

EICIX vs. PEQIX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in EIC Value Fund (EICIX) and Pioneer Equity Income Fund (PEQIX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, EICIX achieves a 3.91% return, which is significantly lower than PEQIX's 8.67% return. Over the past 10 years, EICIX has outperformed PEQIX with an annualized return of 11.28%, while PEQIX has yielded a comparatively lower 9.19% annualized return.

EICIX

• 1D: 0.16%
• 1M: 0.05%
• YTD: 3.91%
• 6M: 3.22%
• 1Y: 12.21%
• 3Y*: 14.12%
• 5Y*: 10.90%
• 10Y*: 11.28%

PEQIX

• 1D: -0.41%
• 1M: -0.63%
• YTD: 8.67%
• 6M: 8.09%
• 1Y: 18.54%
• 3Y*: 11.90%
• 5Y*: 8.11%
• 10Y*: 9.19%

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

EICIX vs. PEQIX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
EICIX EIC Value Fund	3.91%	16.01%	11.55%	12.91%	0.90%	30.08%	4.27%	22.64%	-7.80%	14.42%
PEQIX Pioneer Equity Income Fund	8.67%	11.30%	11.18%	6.84%	-8.08%	25.28%	-0.20%	25.46%	-8.93%	15.00%

Correlation

The correlation between EICIX and PEQIX is 0.85, 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	0.85
Correlation (3Y) Calculated over the trailing 3-year period	0.82
Correlation (5Y) Calculated over the trailing 5-year period	0.88
Correlation (10Y) Calculated over the trailing 10-year period	0.89
Correlation (All Time) Calculated using the full available price history since May 2, 2011	0.90

The correlation between EICIX and PEQIX has been stable across timeframes, ranging from 0.82 to 0.90 - a consistent structural relationship.

Return for Risk

EICIX vs. PEQIX — Risk / Return Rank

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

EICIX

EICIX Risk / Return Rank: 16
EICIX Sharpe Ratio Rank: 17
EICIX Sortino Ratio Rank: 17
EICIX Omega Ratio Rank: 15
EICIX Calmar Ratio Rank: 19
EICIX Martin Ratio Rank: 14

PEQIX

PEQIX Risk / Return Rank: 38
PEQIX Sharpe Ratio Rank: 38
PEQIX Sortino Ratio Rank: 37
PEQIX Omega Ratio Rank: 35
PEQIX Calmar Ratio Rank: 43
PEQIX Martin Ratio Rank: 36

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.

EICIX vs. PEQIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for EIC Value Fund (EICIX) and Pioneer Equity Income Fund (PEQIX). 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.

	EICIX	PEQIX	Difference
Sharpe ratio: Return per unit of total volatility	1.08	1.67	-0.58
Sortino ratio: Return per unit of downside risk	1.61	2.38	-0.77
Omega ratio: Gain probability vs. loss probability	1.19	1.29	-0.10
Calmar ratio: Return relative to maximum drawdown	1.48	2.39	-0.91
Martin ratio: Return relative to average drawdown	3.63	7.59	-3.97

EICIX vs. PEQIX - Sharpe Ratio Comparison

The current EICIX Sharpe Ratio is 1.08, which is lower than the PEQIX Sharpe Ratio of 1.67. The chart below compares the historical Sharpe Ratios of EICIX and PEQIX, 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

EICIX vs. PEQIX - Drawdown Comparison

The maximum EICIX drawdown since its inception was -34.26%, smaller than the maximum PEQIX drawdown of -54.08%. Use the drawdown chart below to compare losses from any high point for EICIX and PEQIX.

Drawdown Indicators

	EICIX	PEQIX	Difference
Max Drawdown Largest peak-to-trough decline	-34.26%	-54.08%	+19.82%
Max Drawdown (1Y) Largest decline over 1 year	-8.55%	-8.01%	-0.54%
Max Drawdown (3Y) Largest decline over 3 years	-11.10%	-16.84%	+5.74%
Max Drawdown (5Y) Largest decline over 5 years	-17.36%	-20.24%	+2.88%
Max Drawdown (10Y) Largest decline over 10 years	-34.26%	-37.93%	+3.67%
Current Drawdown Current decline from peak	-5.39%	-2.24%	-3.15%
Average Drawdown Average peak-to-trough decline	-3.41%	-6.57%	+3.16%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.44%	2.52%	+0.92%

Volatility

EICIX vs. PEQIX - Volatility Comparison

EIC Value Fund (EICIX) has a higher volatility of 3.69% compared to Pioneer Equity Income Fund (PEQIX) at 3.46%. This indicates that EICIX's price experiences larger fluctuations and is considered to be riskier than PEQIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	EICIX	PEQIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.69%	3.46%	+0.23%
Volatility (6M) Calculated over the trailing 6-month period	8.34%	8.40%	-0.06%
Volatility (1Y) Calculated over the trailing 1-year period	11.71%	11.50%	+0.21%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.57%	15.28%	-0.71%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.29%	17.19%	-0.90%

EICIX vs. PEQIX - Expense Ratio Comparison

EICIX has a 0.95% expense ratio, which is lower than PEQIX's 1.02% expense ratio.

Dividends

EICIX vs. PEQIX - Dividend Comparison

EICIX's dividend yield for the trailing twelve months is around 8.61%, more than PEQIX's 8.41% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
EICIX EIC Value Fund	8.61%	8.95%	9.47%	4.09%	6.07%	11.14%	6.05%	7.71%	10.82%	8.51%	2.03%	3.42%
PEQIX Pioneer Equity Income Fund	8.41%	9.08%	40.97%	17.42%	12.72%	9.34%	1.59%	4.00%	7.75%	5.31%	13.11%	10.13%

Frequently Asked Questions

Can I hold both EICIX and PEQIX in my portfolio?

EICIX and PEQIX have a correlation of 0.85, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, EICIX or PEQIX?

EICIX has higher volatility (3.69%) compared to PEQIX (3.46%). In terms of maximum drawdown, EICIX dropped -34.26% vs PEQIX's -54.08%.

Which has better risk-adjusted returns?

PEQIX currently has the higher Sharpe Ratio (1.67 vs 1.08), 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.