IFAFX vs. PMFYX
IFAFX (American Funds Income Fund of America Class F1) and PMFYX (Pioneer Multi-Asset Income Fund) are both Global Allocation funds. Over the past 10 years, IFAFX returned 8.27%/yr vs 8.65%/yr for PMFYX. Their 0.71 correlation means they have sometimes moved together and sometimes differently. IFAFX charges 0.63%/yr vs 0.65%/yr for PMFYX.
Performance
IFAFX vs. PMFYX - Performance Comparison
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Returns By Period
In the year-to-date period, IFAFX achieves a 8.42% return, which is significantly higher than PMFYX's 7.54% return. Both investments have delivered pretty close results over the past 10 years, with IFAFX having a 8.27% annualized return and PMFYX not far ahead at 8.65%.
IFAFX
- 1D
- 0.29%
- 1M
- 1.24%
- 6M
- 4.60%
- YTD
- 8.42%
- 1Y
- 16.21%
- 3Y*
- 13.11%
- 5Y*
- 8.23%
- 10Y*
- 8.27%
- ALL TIME*
- 8.70%
PMFYX
- 1D
- 0.07%
- 1M
- 1.42%
- 6M
- 4.85%
- YTD
- 7.54%
- 1Y
- 15.66%
- 3Y*
- 12.66%
- 5Y*
- 9.04%
- 10Y*
- 8.65%
- ALL TIME*
- 8.40%
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 |
IFAFX vs. PMFYX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
IFAFX American Funds Income Fund of America Class F1 | 8.42% | 17.71% | 10.76% | 6.76% | -6.48% | 17.28% | 4.40% | 18.41% | -5.33% | 12.48% |
PMFYX Pioneer Multi-Asset Income Fund | 7.54% | 23.15% | 6.28% | 7.04% | -0.34% | 12.25% | 5.38% | 11.13% | -5.91% | 18.23% |
Correlation
The correlation between IFAFX and PMFYX is 0.69, 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. | 0.69 |
Correlation (3Y) Balances recent behavior with more history. | 0.69 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.72 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.69 |
Correlation (All Time) Calculated using the full available price history since Dec 22, 2011 | 0.71 |
The correlation between IFAFX and PMFYX has been stable across timeframes, ranging from 0.69 to 0.72 - a consistent structural relationship.
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Return for Risk
IFAFX vs. PMFYX — Risk / Return Rank
IFAFX
PMFYX
IFAFX vs. PMFYX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for American Funds Income Fund of America Class F1 (IFAFX) and Pioneer Multi-Asset Income Fund (PMFYX). 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.
| IFAFX | PMFYX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.51 | ||
| Sortino ratioReturn per unit of downside risk | -0.90 | ||
| Omega ratioGain probability vs. loss probability | 1.37 | 1.48 | -0.11 |
| Calmar ratioReturn relative to maximum drawdown | 2.49 | 3.74 | -1.25 |
| Martin ratioReturn relative to average drawdown | 9.12 | 13.09 | -3.96 |
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Drawdowns
IFAFX vs. PMFYX - Drawdown Comparison
The maximum IFAFX drawdown since its inception was -41.90%, which is greater than PMFYX's maximum drawdown of -24.23%. Use the drawdown chart below to compare losses from any high point for IFAFX and PMFYX.
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Drawdown Indicators
| IFAFX | PMFYX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -41.90% | -24.23% | -17.67% |
Max Drawdown (1Y)Largest decline over 1 year | -6.11% | -4.08% | -2.03% |
Max Drawdown (3Y)Largest decline over 3 years | -8.63% | -7.92% | -0.71% |
Max Drawdown (5Y)Largest decline over 5 years | -15.84% | -13.62% | -2.22% |
Max Drawdown (10Y)Largest decline over 10 years | -26.13% | -24.23% | -1.90% |
Current DrawdownCurrent decline from peak | -0.14% | -0.07% | -0.07% |
Average DrawdownAverage peak-to-trough decline | -3.91% | -2.58% | -1.33% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.66% | 1.17% | +0.49% |
Volatility
IFAFX vs. PMFYX - Volatility Comparison
American Funds Income Fund of America Class F1 (IFAFX) and Pioneer Multi-Asset Income Fund (PMFYX) have volatilities of 1.97% and 1.91%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IFAFX | PMFYX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.97% | 1.91% | +0.06% |
Volatility (6M)Calculated over the trailing 6-month period | 5.85% | 4.91% | +0.94% |
Volatility (1Y)Calculated over the trailing 1-year period | 7.39% | 5.96% | +1.43% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 9.46% | 7.27% | +2.19% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 10.63% | 7.54% | +3.09% |
IFAFX vs. PMFYX - Expense Ratio Comparison
IFAFX has a 0.63% expense ratio, which is lower than PMFYX's 0.65% expense ratio.
Dividends
IFAFX vs. PMFYX - Dividend Comparison
IFAFX's dividend yield for the trailing twelve months is around 9.25%, more than PMFYX's 5.79% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IFAFX American Funds Income Fund of America Class F1 | 9.25% | 9.91% | 6.33% | 2.90% | 6.94% | 6.61% | 2.76% | 4.95% | 7.39% | 4.20% | 3.01% | 5.02% |
PMFYX Pioneer Multi-Asset Income Fund | 5.79% | 6.48% | 5.48% | 4.87% | 5.00% | 5.70% | 5.58% | 6.00% | 6.07% | 6.88% | 5.72% | 6.14% |
Frequently Asked Questions
IFAFX and PMFYX have a correlation of 0.69, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
IFAFX has higher volatility (1.97%) compared to PMFYX (1.91%). In terms of maximum drawdown, IFAFX dropped -41.90% vs PMFYX's -24.23%.
PMFYX currently has the higher Sharpe Ratio (2.57 vs 2.06), 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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