FMUAX vs. AYBLX
FMUAX (Federated Hermes Municipal and Stock Advantage Fund) and AYBLX (Pioneer Balanced ESG Fund) are both Diversified Portfolio funds. Over the past 10 years, FMUAX returned 5.95%/yr vs 9.99%/yr for AYBLX. Their correlation of 0.87 means they have usually moved in the same direction. FMUAX charges 1.00%/yr vs 0.65%/yr for AYBLX.
Performance
FMUAX vs. AYBLX - Performance Comparison
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Returns By Period
In the year-to-date period, FMUAX achieves a 5.65% return, which is significantly lower than AYBLX's 12.02% return. Over the past 10 years, FMUAX has underperformed AYBLX with an annualized return of 5.95%, while AYBLX has yielded a comparatively higher 9.99% annualized return.
FMUAX
- 1D
- 0.60%
- 1M
- -0.69%
- 6M
- 4.11%
- YTD
- 5.65%
- 1Y
- 12.97%
- 3Y*
- 9.05%
- 5Y*
- 4.63%
- 10Y*
- 5.95%
- ALL TIME*
- 6.01%
AYBLX
- 1D
- 0.92%
- 1M
- -1.73%
- 6M
- 9.12%
- YTD
- 12.02%
- 1Y
- 26.17%
- 3Y*
- 15.47%
- 5Y*
- 8.78%
- 10Y*
- 9.99%
- ALL TIME*
- 7.79%
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 |
FMUAX vs. AYBLX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FMUAX Federated Hermes Municipal and Stock Advantage Fund | 5.65% | 9.00% | 8.70% | 9.81% | -10.68% | 10.32% | 8.48% | 15.16% | -5.24% | 11.09% |
AYBLX Pioneer Balanced ESG Fund | 12.02% | 19.80% | 9.64% | 15.41% | -14.39% | 15.48% | 12.92% | 22.22% | -4.43% | 15.19% |
Correlation
The correlation between FMUAX and AYBLX is 0.74, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.74 |
Correlation (3Y) Balances recent behavior with more history. | 0.77 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.84 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.87 |
Correlation (All Time) Calculated using the full available price history since Sep 24, 2003 | 0.87 |
The correlation between FMUAX and AYBLX shifts across timeframes, from 0.74 (1 year) to 0.87 (10 years), reflecting how their relationship changes across market environments.
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Return for Risk
FMUAX vs. AYBLX — Risk / Return Rank
FMUAX
AYBLX
FMUAX vs. AYBLX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Federated Hermes Municipal and Stock Advantage Fund (FMUAX) 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.
| FMUAX | AYBLX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.03 | ||
| Sortino ratioReturn per unit of downside risk | +0.20 | ||
| Omega ratioGain probability vs. loss probability | 1.46 | 1.44 | +0.01 |
| Calmar ratioReturn relative to maximum drawdown | 3.17 | 3.93 | -0.76 |
| Martin ratioReturn relative to average drawdown | 15.09 | 16.91 | -1.82 |
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Drawdowns
FMUAX vs. AYBLX - Drawdown Comparison
The maximum FMUAX drawdown since its inception was -22.43%, smaller than the maximum AYBLX drawdown of -36.28%. Use the drawdown chart below to compare losses from any high point for FMUAX and AYBLX.
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Drawdown Indicators
| FMUAX | AYBLX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -22.43% | -36.28% | +13.85% |
Max Drawdown (1Y)Largest decline over 1 year | -4.94% | -6.41% | +1.47% |
Max Drawdown (3Y)Largest decline over 3 years | -10.18% | -13.39% | +3.21% |
Max Drawdown (5Y)Largest decline over 5 years | -15.93% | -20.26% | +4.33% |
Max Drawdown (10Y)Largest decline over 10 years | -21.46% | -24.24% | +2.78% |
Current DrawdownCurrent decline from peak | -0.92% | -2.40% | +1.48% |
Average DrawdownAverage peak-to-trough decline | -2.74% | -3.77% | +1.03% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.97% | 1.49% | -0.52% |
Volatility
FMUAX vs. AYBLX - Volatility Comparison
The current volatility for Federated Hermes Municipal and Stock Advantage Fund (FMUAX) is 1.68%, while Pioneer Balanced ESG Fund (AYBLX) has a volatility of 2.35%. This indicates that FMUAX 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.
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Volatility by Period
| FMUAX | AYBLX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.68% | 2.35% | -0.67% |
Volatility (6M)Calculated over the trailing 6-month period | 4.95% | 7.97% | -3.02% |
Volatility (1Y)Calculated over the trailing 1-year period | 6.38% | 10.14% | -3.76% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.21% | 11.15% | -3.94% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 8.14% | 11.33% | -3.19% |
FMUAX vs. AYBLX - Expense Ratio Comparison
FMUAX has a 1.00% expense ratio, which is higher than AYBLX's 0.65% expense ratio.
Dividends
FMUAX vs. AYBLX - Dividend Comparison
FMUAX's dividend yield for the trailing twelve months is around 1.30%, less than AYBLX's 3.30% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AYBLX Pioneer Balanced ESG Fund | 3.30% | 3.58% | 2.59% | 1.76% | 3.23% | 8.61% | 4.12% | 6.03% | 9.97% | 9.42% | 2.63% | 4.14% |
FMUAX Federated Hermes Municipal and Stock Advantage Fund | 1.30% | 1.23% | 2.01% | 2.53% | 2.25% | 4.56% | 2.12% | 4.00% | 7.98% | 2.17% | 2.36% | 2.80% |
Frequently Asked Questions
FMUAX and AYBLX have a correlation of 0.74, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
AYBLX has higher volatility (2.35%) compared to FMUAX (1.68%). In terms of maximum drawdown, FMUAX dropped -22.43% vs AYBLX's -36.28%.
AYBLX currently has the higher Sharpe Ratio (2.49 vs 2.46), 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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