GEIIX vs. MYFRX

Last updated Jun 5, 2026

GEIIX (Goldman Sachs Enhanced Income Fund) and MYFRX (Pioneer Multi-Asset Ultrashort Income Fund) are both Ultrashort Bond funds. Over the past 10 years, GEIIX returned 2.45%/yr vs 2.84%/yr for MYFRX. At a 0.36 correlation, their price movements are largely independent. GEIIX charges 0.36%/yr vs 0.44%/yr for MYFRX.

Performance

GEIIX vs. MYFRX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Goldman Sachs Enhanced Income Fund (GEIIX) and Pioneer Multi-Asset Ultrashort Income Fund (MYFRX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, GEIIX achieves a 1.25% return, which is significantly lower than MYFRX's 1.73% return. Over the past 10 years, GEIIX has underperformed MYFRX with an annualized return of 2.45%, while MYFRX has yielded a comparatively higher 2.84% annualized return.

GEIIX

• 1D: 0.00%
• 1M: 0.34%
• YTD: 1.25%
• 6M: 1.59%
• 1Y: 4.08%
• 3Y*: 4.76%
• 5Y*: 2.89%
• 10Y*: 2.45%

MYFRX

• 1D: 0.00%
• 1M: 0.37%
• YTD: 1.73%
• 6M: 2.14%
• 1Y: 4.36%
• 3Y*: 5.33%
• 5Y*: 3.91%
• 10Y*: 2.84%

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

GEIIX vs. MYFRX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
GEIIX Goldman Sachs Enhanced Income Fund	1.25%	4.64%	4.70%	5.82%	-1.65%	0.20%	2.51%	3.29%	1.73%	1.43%
MYFRX Pioneer Multi-Asset Ultrashort Income Fund	1.73%	4.68%	6.25%	6.32%	0.26%	1.56%	-0.51%	3.34%	1.80%	1.80%

Correlation

The correlation between GEIIX and MYFRX is 0.40, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.40
Correlation (3Y) Calculated over the trailing 3-year period	0.35
Correlation (5Y) Calculated over the trailing 5-year period	0.34
Correlation (10Y) Calculated over the trailing 10-year period	0.38
Correlation (All Time) Calculated using the full available price history since May 2, 2011	0.36

Return for Risk

GEIIX vs. MYFRX — Risk / Return Rank

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

GEIIX

GEIIX Risk / Return Rank: 95
GEIIX Sharpe Ratio Rank: 85
GEIIX Sortino Ratio Rank: 98
GEIIX Omega Ratio Rank: 98
GEIIX Calmar Ratio Rank: 97
GEIIX Martin Ratio Rank: 98

MYFRX

MYFRX Risk / Return Rank: 98
MYFRX Sharpe Ratio Rank: 92
MYFRX Sortino Ratio Rank: 99
MYFRX Omega Ratio Rank: 99
MYFRX Calmar Ratio Rank: 99
MYFRX Martin Ratio Rank: 99

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.

GEIIX vs. MYFRX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Goldman Sachs Enhanced Income Fund (GEIIX) and Pioneer Multi-Asset Ultrashort Income Fund (MYFRX). 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.

	GEIIX	MYFRX	Difference
Sharpe ratio: Return per unit of total volatility	2.75	3.09	-0.34
Sortino ratio: Return per unit of downside risk	6.77	10.60	-3.83
Omega ratio: Gain probability vs. loss probability	2.16	3.64	-1.49
Calmar ratio: Return relative to maximum drawdown	6.74	14.49	-7.75
Martin ratio: Return relative to average drawdown	31.76	53.81	-22.05
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

GEIIX vs. MYFRX - Sharpe Ratio Comparison

The current GEIIX Sharpe Ratio is 2.75, which is comparable to the MYFRX Sharpe Ratio of 3.09. The chart below compares the historical Sharpe Ratios of GEIIX and MYFRX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	GEIIX	MYFRX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.75	3.09	-0.34
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	2.03	2.45	-0.42
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	1.87	1.55	+0.33
Sharpe Ratio (All Time) Calculated using the full available price history	1.90	1.48	+0.42

Drawdowns

GEIIX vs. MYFRX - Drawdown Comparison

The maximum GEIIX drawdown since its inception was -4.95%, smaller than the maximum MYFRX drawdown of -10.08%. Use the drawdown chart below to compare losses from any high point for GEIIX and MYFRX.

Drawdown Indicators

	GEIIX	MYFRX	Difference
Max Drawdown Largest peak-to-trough decline	-4.95%	-10.08%	+5.13%
Max Drawdown (1Y) Largest decline over 1 year	-0.63%	-0.31%	-0.32%
Max Drawdown (3Y) Largest decline over 3 years	-0.63%	-0.73%	+0.10%
Max Drawdown (5Y) Largest decline over 5 years	-3.33%	-1.52%	-1.81%
Max Drawdown (10Y) Largest decline over 10 years	-4.95%	-10.08%	+5.13%
Current Drawdown Current decline from peak	-0.10%	0.00%	-0.10%
Average Drawdown Average peak-to-trough decline	-0.20%	-0.26%	+0.06%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.13%	0.08%	+0.05%

Volatility

GEIIX vs. MYFRX - Volatility Comparison

Goldman Sachs Enhanced Income Fund (GEIIX) has a higher volatility of 0.51% compared to Pioneer Multi-Asset Ultrashort Income Fund (MYFRX) at 0.39%. This indicates that GEIIX's price experiences larger fluctuations and is considered to be riskier than MYFRX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	GEIIX	MYFRX	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.51%	0.39%	+0.12%
Volatility (6M) Calculated over the trailing 6-month period	1.09%	0.97%	+0.12%
Volatility (1Y) Calculated over the trailing 1-year period	1.54%	1.45%	+0.09%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	1.43%	1.61%	-0.18%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	1.31%	1.84%	-0.53%

GEIIX vs. MYFRX - Expense Ratio Comparison

GEIIX has a 0.36% expense ratio, which is lower than MYFRX's 0.44% expense ratio.

Dividends

GEIIX vs. MYFRX - Dividend Comparison

GEIIX's dividend yield for the trailing twelve months is around 4.11%, less than MYFRX's 4.69% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
GEIIX Goldman Sachs Enhanced Income Fund	4.11%	4.21%	3.41%	2.92%	1.78%	0.73%	1.62%	2.38%	2.04%	1.41%	1.05%	0.67%
MYFRX Pioneer Multi-Asset Ultrashort Income Fund	4.69%	4.99%	5.63%	4.74%	2.35%	1.34%	1.92%	2.98%	2.60%	1.88%	1.77%	1.36%

Frequently Asked Questions

Can I hold both GEIIX and MYFRX in my portfolio?

GEIIX and MYFRX have a correlation of 0.40, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, GEIIX or MYFRX?

GEIIX has higher volatility (0.51%) compared to MYFRX (0.39%). In terms of maximum drawdown, GEIIX dropped -4.95% vs MYFRX's -10.08%.

Which has better risk-adjusted returns?

MYFRX currently has the higher Sharpe Ratio (3.09 vs 2.75), 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.