GIPIX vs. PMYRX
GIPIX (Goldman Sachs Balanced Strategy Portfolio) and PMYRX (Pioneer Flexible Opportunities Fund) are both Tactical Allocation funds. Over the past 10 years, GIPIX returned 5.79%/yr vs 7.94%/yr for PMYRX. Their correlation of 0.81 means they have usually moved in the same direction. GIPIX charges 0.19%/yr vs 0.90%/yr for PMYRX.
Performance
GIPIX vs. PMYRX - Performance Comparison
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Returns By Period
In the year-to-date period, GIPIX achieves a 4.38% return, which is significantly lower than PMYRX's 7.54% return. Over the past 10 years, GIPIX has underperformed PMYRX with an annualized return of 5.79%, while PMYRX has yielded a comparatively higher 7.94% annualized return.
GIPIX
- 1D
- 0.85%
- 1M
- -0.76%
- 6M
- 2.76%
- YTD
- 4.38%
- 1Y
- 11.25%
- 3Y*
- 9.30%
- 5Y*
- 4.13%
- 10Y*
- 5.79%
- ALL TIME*
- 5.19%
PMYRX
- 1D
- 0.53%
- 1M
- 0.69%
- 6M
- 4.92%
- YTD
- 7.54%
- 1Y
- 15.24%
- 3Y*
- 17.51%
- 5Y*
- 7.55%
- 10Y*
- 7.94%
- ALL TIME*
- 7.59%
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 |
GIPIX vs. PMYRX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
GIPIX Goldman Sachs Balanced Strategy Portfolio | 4.38% | 10.80% | 8.51% | 12.49% | -14.43% | 7.94% | 11.09% | 15.68% | -6.52% | 11.63% |
PMYRX Pioneer Flexible Opportunities Fund | 7.54% | 18.78% | 23.47% | 11.75% | -18.74% | 11.25% | 6.86% | 17.06% | -10.58% | 23.68% |
Correlation
The correlation between GIPIX and PMYRX is 0.73, 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. | 0.73 |
Correlation (3Y) Balances recent behavior with more history. | 0.76 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.79 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.80 |
Correlation (All Time) Calculated using the full available price history since May 3, 2010 | 0.81 |
The correlation between GIPIX and PMYRX has been stable across timeframes, ranging from 0.73 to 0.81 - a consistent structural relationship.
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Return for Risk
GIPIX vs. PMYRX — Risk / Return Rank
GIPIX
PMYRX
GIPIX vs. PMYRX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Goldman Sachs Balanced Strategy Portfolio (GIPIX) and Pioneer Flexible Opportunities Fund (PMYRX). 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.
| GIPIX | PMYRX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.21 | ||
| Sortino ratioReturn per unit of downside risk | -0.38 | ||
| Omega ratioGain probability vs. loss probability | 1.29 | 1.32 | -0.04 |
| Calmar ratioReturn relative to maximum drawdown | 1.94 | 2.37 | -0.43 |
| Martin ratioReturn relative to average drawdown | 8.16 | 8.63 | -0.48 |
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Drawdowns
GIPIX vs. PMYRX - Drawdown Comparison
The maximum GIPIX drawdown since its inception was -29.46%, roughly equal to the maximum PMYRX drawdown of -30.68%. Use the drawdown chart below to compare losses from any high point for GIPIX and PMYRX.
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Drawdown Indicators
| GIPIX | PMYRX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -29.46% | -30.68% | +1.22% |
Max Drawdown (1Y)Largest decline over 1 year | -5.59% | -6.24% | +0.65% |
Max Drawdown (3Y)Largest decline over 3 years | -9.11% | -15.99% | +6.88% |
Max Drawdown (5Y)Largest decline over 5 years | -20.65% | -24.97% | +4.32% |
Max Drawdown (10Y)Largest decline over 10 years | -20.65% | -30.68% | +10.03% |
Current DrawdownCurrent decline from peak | -1.21% | 0.00% | -1.21% |
Average DrawdownAverage peak-to-trough decline | -3.67% | -5.91% | +2.24% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.32% | 1.71% | -0.39% |
Volatility
GIPIX vs. PMYRX - Volatility Comparison
Goldman Sachs Balanced Strategy Portfolio (GIPIX) has a higher volatility of 2.06% compared to Pioneer Flexible Opportunities Fund (PMYRX) at 1.60%. This indicates that GIPIX's price experiences larger fluctuations and is considered to be riskier than PMYRX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| GIPIX | PMYRX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.06% | 1.60% | +0.46% |
Volatility (6M)Calculated over the trailing 6-month period | 5.94% | 6.58% | -0.64% |
Volatility (1Y)Calculated over the trailing 1-year period | 7.07% | 8.49% | -1.42% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.10% | 13.65% | -5.55% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 8.12% | 13.07% | -4.95% |
GIPIX vs. PMYRX - Expense Ratio Comparison
GIPIX has a 0.19% expense ratio, which is lower than PMYRX's 0.90% expense ratio.
Dividends
GIPIX vs. PMYRX - Dividend Comparison
GIPIX's dividend yield for the trailing twelve months is around 5.63%, less than PMYRX's 9.48% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GIPIX Goldman Sachs Balanced Strategy Portfolio | 5.63% | 5.22% | 4.06% | 2.12% | 4.56% | 6.37% | 2.25% | 2.51% | 4.70% | 4.51% | 1.46% | 5.73% |
PMYRX Pioneer Flexible Opportunities Fund | 9.48% | 9.83% | 22.31% | 1.03% | 4.02% | 2.12% | 1.32% | 2.50% | 12.83% | 8.93% | 1.50% | 7.13% |
Frequently Asked Questions
GIPIX and PMYRX have a correlation of 0.73, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
GIPIX has higher volatility (2.06%) compared to PMYRX (1.60%). In terms of maximum drawdown, GIPIX dropped -29.46% vs PMYRX's -30.68%.
PMYRX currently has the higher Sharpe Ratio (1.75 vs 1.54), 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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