IICAX vs. PIODX

Last updated Apr 3, 2026

Compare and contrast key facts about Asset Management Fund Large Cap Equity Fund (IICAX) and Pioneer Fund (PIODX).

IICAX is managed by BlackRock. It was launched on Jun 30, 1953. PIODX is managed by Amundi. It was launched on Feb 10, 1928.

Performance

IICAX vs. PIODX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Asset Management Fund Large Cap Equity Fund (IICAX) and Pioneer Fund (PIODX). The values are adjusted to include any dividend payments, if applicable.

IICAX vs. PIODX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
IICAX Asset Management Fund Large Cap Equity Fund	-0.37%	12.59%	18.66%	21.70%	-12.87%	33.00%	11.90%	26.48%	-6.25%	-0.30%
PIODX Pioneer Fund	-0.20%	23.30%	22.62%	28.45%	-19.43%	27.40%	24.01%	31.04%	-1.48%	21.79%

Returns By Period

In the year-to-date period, IICAX achieves a -0.37% return, which is significantly lower than PIODX's -0.20% return. Over the past 10 years, IICAX has underperformed PIODX with an annualized return of 10.51%, while PIODX has yielded a comparatively higher 15.35% annualized return.

IICAX

• 1D: 0.35%
• 1M: -3.67%
• YTD: -0.37%
• 6M: 1.11%
• 1Y: 15.60%
• 3Y*: 15.99%
• 5Y*: 11.69%
• 10Y*: 10.51%

PIODX

• 1D: 1.06%
• 1M: -4.10%
• YTD: -0.20%
• 6M: 3.65%
• 1Y: 30.10%
• 3Y*: 22.70%
• 5Y*: 13.02%
• 10Y*: 15.35%

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

IICAX vs. PIODX - Expense Ratio Comparison

IICAX has a 1.71% expense ratio, which is higher than PIODX's 1.06% expense ratio.

IICAX

Asset Management Fund Large Cap Equity Fund

PIODX

Pioneer Fund

Return for Risk

IICAX vs. PIODX — Risk / Return Rank

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

IICAX

IICAX Risk / Return Rank: 41
IICAX Sharpe Ratio Rank: 39
IICAX Sortino Ratio Rank: 44
IICAX Omega Ratio Rank: 46
IICAX Calmar Ratio Rank: 33
IICAX Martin Ratio Rank: 42

PIODX

PIODX Risk / Return Rank: 80
PIODX Sharpe Ratio Rank: 74
PIODX Sortino Ratio Rank: 76
PIODX Omega Ratio Rank: 73
PIODX Calmar Ratio Rank: 87
PIODX Martin Ratio Rank: 90

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.

IICAX vs. PIODX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Asset Management Fund Large Cap Equity Fund (IICAX) and Pioneer Fund (PIODX). 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.

	IICAX	PIODX	Difference
Sharpe ratio Return per unit of total volatility	0.96	1.47	-0.51
Sortino ratio Return per unit of downside risk	1.50	2.11	-0.61
Omega ratio Gain probability vs. loss probability	1.23	1.31	-0.08
Calmar ratio Return relative to maximum drawdown	1.23	2.53	-1.30
Martin ratio Return relative to average drawdown	5.46	11.26	-5.80
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

IICAX vs. PIODX - Sharpe Ratio Comparison

The current IICAX Sharpe Ratio is 0.96, which is lower than the PIODX Sharpe Ratio of 1.47. The chart below compares the historical Sharpe Ratios of IICAX and PIODX, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	IICAX	PIODX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.96	1.47	-0.51
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.74	0.68	+0.06
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.48	0.82	-0.34
Sharpe Ratio (All Time) Calculated using the full available price history	0.01	0.52	-0.51

Correlation

The correlation between IICAX and PIODX is 0.69, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.

Dividends

IICAX vs. PIODX - Dividend Comparison

IICAX's dividend yield for the trailing twelve months is around 11.29%, more than PIODX's 10.05% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
IICAX Asset Management Fund Large Cap Equity Fund	11.29%	11.22%	6.32%	9.33%	9.58%	5.38%	3.83%	5.15%	13.41%	0.85%	30.91%	8.23%
PIODX Pioneer Fund	10.05%	10.04%	14.17%	2.86%	4.13%	16.18%	5.82%	9.37%	15.37%	21.35%	20.51%	14.53%

Drawdowns

IICAX vs. PIODX - Drawdown Comparison

The maximum IICAX drawdown since its inception was -96.26%, which is greater than PIODX's maximum drawdown of -53.40%. Use the drawdown chart below to compare losses from any high point for IICAX and PIODX.

Drawdown Indicators

	IICAX	PIODX	Difference
Max Drawdown Largest peak-to-trough decline	-96.26%	-53.40%	-42.86%
Max Drawdown (1Y) Largest decline over 1 year	-7.25%	-9.99%	+2.74%
Max Drawdown (5Y) Largest decline over 5 years	-22.79%	-26.55%	+3.76%
Max Drawdown (10Y) Largest decline over 10 years	-39.01%	-30.14%	-8.87%
Current Drawdown Current decline from peak	-70.19%	-6.27%	-63.92%
Average Drawdown Average peak-to-trough decline	-68.17%	-8.62%	-59.55%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.65%	2.87%	-0.22%

Volatility

IICAX vs. PIODX - Volatility Comparison

The current volatility for Asset Management Fund Large Cap Equity Fund (IICAX) is 4.42%, while Pioneer Fund (PIODX) has a volatility of 6.34%. This indicates that IICAX experiences smaller price fluctuations and is considered to be less risky than PIODX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	IICAX	PIODX	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.42%	6.34%	-1.92%
Volatility (6M) Calculated over the trailing 6-month period	8.31%	11.92%	-3.61%
Volatility (1Y) Calculated over the trailing 1-year period	17.09%	21.58%	-4.49%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.96%	19.10%	-3.14%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	21.90%	18.80%	+3.10%