HIMYX vs. PMAIX
Compare and contrast key facts about Pioneer High Income Municipal Fund (HIMYX) and Pioneer Multi-Asset Income Fund A (PMAIX).
HIMYX is managed by Amundi. It was launched on Oct 15, 2006. PMAIX is managed by Amundi. It was launched on Dec 22, 2011.
Performance
HIMYX vs. PMAIX - Performance Comparison
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HIMYX vs. PMAIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
HIMYX Pioneer High Income Municipal Fund | -1.26% | -1.50% | 6.07% | 3.64% | -13.08% | 6.69% | 1.85% | 9.56% | 4.15% | 8.33% |
PMAIX Pioneer Multi-Asset Income Fund A | 0.80% | 23.03% | 6.09% | 7.32% | -0.79% | 12.00% | 5.35% | 10.88% | -6.10% | 17.97% |
Returns By Period
In the year-to-date period, HIMYX achieves a -1.26% return, which is significantly lower than PMAIX's 0.80% return. Over the past 10 years, HIMYX has underperformed PMAIX with an annualized return of 2.16%, while PMAIX has yielded a comparatively higher 8.45% annualized return.
HIMYX
- 1D
- 0.18%
- 1M
- -3.53%
- YTD
- -1.26%
- 6M
- -2.54%
- 1Y
- -2.59%
- 3Y*
- 1.58%
- 5Y*
- -0.50%
- 10Y*
- 2.16%
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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HIMYX vs. PMAIX - Expense Ratio Comparison
HIMYX has a 0.55% expense ratio, which is lower than PMAIX's 0.85% expense ratio.
Return for Risk
HIMYX vs. PMAIX — Risk / Return Rank
HIMYX
PMAIX
HIMYX vs. PMAIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Pioneer High Income Municipal Fund (HIMYX) 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.
| HIMYX | PMAIX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | -0.24 | 2.39 | -2.63 |
Sortino ratioReturn per unit of downside risk | -0.30 | 3.02 | -3.32 |
Omega ratioGain probability vs. loss probability | 0.95 | 1.51 | -0.56 |
Calmar ratioReturn relative to maximum drawdown | -0.26 | 2.32 | -2.58 |
Martin ratioReturn relative to average drawdown | -0.53 | 10.88 | -11.41 |
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
| HIMYX | PMAIX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.24 | 2.39 | -2.63 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.09 | 1.11 | -1.19 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.43 | 1.12 | -0.69 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.52 | 1.12 | -0.60 |
Correlation
The correlation between HIMYX and PMAIX is 0.06, 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
HIMYX vs. PMAIX - Dividend Comparison
HIMYX's dividend yield for the trailing twelve months is around 8.27%, more than PMAIX's 5.82% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
HIMYX Pioneer High Income Municipal Fund | 8.27% | 8.63% | 5.32% | 4.97% | 3.88% | 3.71% | 3.96% | 5.35% | 5.20% | 5.00% | 5.66% | 5.65% |
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
HIMYX vs. PMAIX - Drawdown Comparison
The maximum HIMYX drawdown since its inception was -35.00%, which is greater than PMAIX's maximum drawdown of -24.12%. Use the drawdown chart below to compare losses from any high point for HIMYX and PMAIX.
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Drawdown Indicators
| HIMYX | PMAIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -35.00% | -24.12% | -10.88% |
Max Drawdown (1Y)Largest decline over 1 year | -6.96% | -7.06% | +0.10% |
Max Drawdown (5Y)Largest decline over 5 years | -19.32% | -13.97% | -5.35% |
Max Drawdown (10Y)Largest decline over 10 years | -19.32% | -24.12% | +4.80% |
Current DrawdownCurrent decline from peak | -7.07% | -3.62% | -3.45% |
Average DrawdownAverage peak-to-trough decline | -5.66% | -2.68% | -2.98% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.49% | 1.51% | +1.98% |
Volatility
HIMYX vs. PMAIX - Volatility Comparison
The current volatility for Pioneer High Income Municipal Fund (HIMYX) is 1.37%, while Pioneer Multi-Asset Income Fund A (PMAIX) has a volatility of 2.19%. This indicates that HIMYX 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
| HIMYX | PMAIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.37% | 2.19% | -0.82% |
Volatility (6M)Calculated over the trailing 6-month period | 4.31% | 4.15% | +0.16% |
Volatility (1Y)Calculated over the trailing 1-year period | 8.40% | 7.19% | +1.21% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.62% | 7.20% | -1.58% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.04% | 7.58% | -2.54% |