MYFRX vs. HIMYX
MYFRX (Pioneer Multi-Asset Ultrashort Income Fund) and HIMYX (Pioneer High Income Municipal Fund) are both mutual funds - MYFRX is a Ultrashort Bond fund managed by Amundi, while HIMYX is a High Yield Muni fund managed by Amundi. Over the past 10 years, MYFRX returned 2.81%/yr vs 1.88%/yr for HIMYX. Their 0.24 correlation means their historical movements had little consistent relationship. MYFRX charges 0.44%/yr vs 0.55%/yr for HIMYX.
Performance
MYFRX vs. HIMYX - Performance Comparison
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Returns By Period
In the year-to-date period, MYFRX achieves a 1.87% return, which is significantly higher than HIMYX's -0.40% return. Over the past 10 years, MYFRX has outperformed HIMYX with an annualized return of 2.81%, while HIMYX has yielded a comparatively lower 1.88% annualized return.
MYFRX
- 1D
- 0.00%
- 1M
- -0.21%
- 6M
- 1.46%
- YTD
- 1.87%
- 1Y
- 3.52%
- 3Y*
- 4.89%
- 5Y*
- 3.90%
- 10Y*
- 2.81%
- ALL TIME*
- 2.26%
HIMYX
- 1D
- -0.37%
- 1M
- -2.52%
- 6M
- -1.44%
- YTD
- -0.40%
- 1Y
- 1.46%
- 3Y*
- 1.87%
- 5Y*
- -1.22%
- 10Y*
- 1.88%
- ALL TIME*
- 2.64%
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 |
MYFRX vs. HIMYX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
MYFRX Pioneer Multi-Asset Ultrashort Income Fund | 1.87% | 4.68% | 6.25% | 6.32% | 0.26% | 1.56% | -0.51% | 3.34% | 1.80% | 1.80% |
HIMYX Pioneer High Income Municipal Fund | -0.40% | -1.50% | 6.07% | 3.64% | -13.08% | 6.69% | 1.85% | 9.56% | 4.15% | 8.33% |
Correlation
The correlation between MYFRX and HIMYX is 0.35, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.35 |
Correlation (3Y) Balances recent behavior with more history. | 0.28 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.25 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.26 |
Correlation (All Time) Calculated using the full available price history since Apr 29, 2011 | 0.24 |
The correlation between MYFRX and HIMYX shifts across timeframes, from 0.24 (all time) to 0.35 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
MYFRX vs. HIMYX — Risk / Return Rank
MYFRX
HIMYX
MYFRX vs. HIMYX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Pioneer Multi-Asset Ultrashort Income Fund (MYFRX) and Pioneer High Income Municipal Fund (HIMYX). 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.
| MYFRX | HIMYX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.33 | ||
| Sortino ratioReturn per unit of downside risk | +7.92 | ||
| Omega ratioGain probability vs. loss probability | 3.03 | 1.12 | +1.90 |
| Calmar ratioReturn relative to maximum drawdown | 13.09 | 0.63 | +12.45 |
| Martin ratioReturn relative to average drawdown | 41.68 | 1.72 | +39.95 |
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Drawdowns
MYFRX vs. HIMYX - Drawdown Comparison
The maximum MYFRX drawdown since its inception was -10.08%, smaller than the maximum HIMYX drawdown of -35.00%. Use the drawdown chart below to compare losses from any high point for MYFRX and HIMYX.
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Drawdown Indicators
| MYFRX | HIMYX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -10.08% | -35.00% | +24.92% |
Max Drawdown (1Y)Largest decline over 1 year | -0.31% | -4.22% | +3.91% |
Max Drawdown (3Y)Largest decline over 3 years | -0.73% | -6.99% | +6.26% |
Max Drawdown (5Y)Largest decline over 5 years | -1.52% | -19.32% | +17.80% |
Max Drawdown (10Y)Largest decline over 10 years | -10.08% | -19.32% | +9.24% |
Current DrawdownCurrent decline from peak | -0.21% | -6.26% | +6.05% |
Average DrawdownAverage peak-to-trough decline | -0.26% | -5.64% | +5.38% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.10% | 1.55% | -1.45% |
Volatility
MYFRX vs. HIMYX - Volatility Comparison
The current volatility for Pioneer Multi-Asset Ultrashort Income Fund (MYFRX) is 0.26%, while Pioneer High Income Municipal Fund (HIMYX) has a volatility of 1.36%. This indicates that MYFRX experiences smaller price fluctuations and is considered to be less risky than HIMYX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MYFRX | HIMYX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.26% | 1.36% | -1.10% |
Volatility (6M)Calculated over the trailing 6-month period | 0.97% | 3.31% | -2.34% |
Volatility (1Y)Calculated over the trailing 1-year period | 1.45% | 5.51% | -4.06% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 1.62% | 5.71% | -4.09% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 1.84% | 5.09% | -3.25% |
MYFRX vs. HIMYX - Expense Ratio Comparison
MYFRX has a 0.44% expense ratio, which is lower than HIMYX's 0.55% expense ratio.
Dividends
MYFRX vs. HIMYX - Dividend Comparison
MYFRX's dividend yield for the trailing twelve months is around 4.19%, less than HIMYX's 8.37% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
HIMYX Pioneer High Income Municipal Fund | 8.37% | 8.63% | 5.32% | 4.97% | 3.88% | 3.71% | 3.96% | 5.35% | 5.20% | 5.00% | 5.66% | 5.65% |
MYFRX Pioneer Multi-Asset Ultrashort Income Fund | 4.19% | 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
MYFRX and HIMYX have a correlation of 0.35, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
HIMYX has higher volatility (1.36%) compared to MYFRX (0.26%). In terms of maximum drawdown, MYFRX dropped -10.08% vs HIMYX's -35.00%.
MYFRX currently has the higher Sharpe Ratio (2.82 vs 0.49), 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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