FPFIX vs. PMAIX
Compare and contrast key facts about FPA Flexible Fixed Income Fund (FPFIX) and Pioneer Multi-Asset Income Fund A (PMAIX).
FPFIX is managed by FPA. It was launched on Dec 30, 2018. PMAIX is managed by Amundi. It was launched on Dec 22, 2011.
Performance
FPFIX vs. PMAIX - Performance Comparison
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FPFIX vs. PMAIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
FPFIX FPA Flexible Fixed Income Fund | -0.23% | 6.87% | 5.28% | 8.11% | -2.82% | 1.77% | 4.71% | 3.78% |
PMAIX Pioneer Multi-Asset Income Fund A | 0.80% | 23.03% | 6.09% | 7.32% | -0.79% | 12.00% | 5.35% | 10.67% |
Returns By Period
In the year-to-date period, FPFIX achieves a -0.23% return, which is significantly lower than PMAIX's 0.80% return.
FPFIX
- 1D
- 0.29%
- 1M
- -1.63%
- YTD
- -0.23%
- 6M
- 0.99%
- 1Y
- 4.52%
- 3Y*
- 5.87%
- 5Y*
- 3.57%
- 10Y*
- —
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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FPFIX vs. PMAIX - Expense Ratio Comparison
FPFIX has a 0.51% expense ratio, which is lower than PMAIX's 0.85% expense ratio.
Return for Risk
FPFIX vs. PMAIX — Risk / Return Rank
FPFIX
PMAIX
FPFIX vs. PMAIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for FPA Flexible Fixed Income Fund (FPFIX) 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.
| FPFIX | PMAIX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.71 | 2.39 | -0.68 |
Sortino ratioReturn per unit of downside risk | 2.53 | 3.02 | -0.49 |
Omega ratioGain probability vs. loss probability | 1.35 | 1.51 | -0.16 |
Calmar ratioReturn relative to maximum drawdown | 2.45 | 2.32 | +0.13 |
Martin ratioReturn relative to average drawdown | 10.78 | 10.88 | -0.10 |
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
| FPFIX | PMAIX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.71 | 2.39 | -0.68 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.57 | 1.11 | +0.47 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 1.12 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.81 | 1.12 | +0.69 |
Correlation
The correlation between FPFIX and PMAIX is 0.13, 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
FPFIX vs. PMAIX - Dividend Comparison
FPFIX's dividend yield for the trailing twelve months is around 3.76%, less than PMAIX's 5.82% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FPFIX FPA Flexible Fixed Income Fund | 3.76% | 3.78% | 4.76% | 3.95% | 2.92% | 2.26% | 3.00% | 2.42% | 0.00% | 0.00% | 0.00% | 0.00% |
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
FPFIX vs. PMAIX - Drawdown Comparison
The maximum FPFIX drawdown since its inception was -4.11%, smaller than the maximum PMAIX drawdown of -24.12%. Use the drawdown chart below to compare losses from any high point for FPFIX and PMAIX.
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Drawdown Indicators
| FPFIX | PMAIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -4.11% | -24.12% | +20.01% |
Max Drawdown (1Y)Largest decline over 1 year | -2.01% | -7.06% | +5.05% |
Max Drawdown (5Y)Largest decline over 5 years | -4.11% | -13.97% | +9.86% |
Max Drawdown (10Y)Largest decline over 10 years | — | -24.12% | — |
Current DrawdownCurrent decline from peak | -1.63% | -3.62% | +1.99% |
Average DrawdownAverage peak-to-trough decline | -0.57% | -2.68% | +2.11% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.46% | 1.51% | -1.05% |
Volatility
FPFIX vs. PMAIX - Volatility Comparison
The current volatility for FPA Flexible Fixed Income Fund (FPFIX) is 1.13%, while Pioneer Multi-Asset Income Fund A (PMAIX) has a volatility of 2.19%. This indicates that FPFIX experiences smaller price fluctuations and is considered to be less risky 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
| FPFIX | PMAIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.13% | 2.19% | -1.06% |
Volatility (6M)Calculated over the trailing 6-month period | 1.68% | 4.15% | -2.47% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.72% | 7.19% | -4.47% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 2.28% | 7.20% | -4.92% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 2.08% | 7.58% | -5.50% |