MYFRX vs. PIALX
MYFRX (Pioneer Multi-Asset Ultrashort Income Fund) and PIALX (Pioneer Solutions - Balanced Fund) are both mutual funds - MYFRX is a Ultrashort Bond fund managed by Amundi, while PIALX is a Global Allocation fund managed by Amundi. Over the past 10 years, MYFRX returned 2.83%/yr vs 7.97%/yr for PIALX. At a 0.08 correlation, their price movements are largely independent. Both charge a 0.44% expense ratio.
Performance
MYFRX vs. PIALX - Performance Comparison
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Returns By Period
In the year-to-date period, MYFRX achieves a 1.62% return, which is significantly lower than PIALX's 7.13% return. Over the past 10 years, MYFRX has underperformed PIALX with an annualized return of 2.83%, while PIALX has yielded a comparatively higher 7.97% annualized return.
MYFRX
- 1D
- 0.00%
- 1M
- 0.37%
- YTD
- 1.62%
- 6M
- 1.93%
- 1Y
- 4.25%
- 3Y*
- 5.26%
- 5Y*
- 3.89%
- 10Y*
- 2.83%
PIALX
- 1D
- 0.21%
- 1M
- 0.71%
- YTD
- 7.13%
- 6M
- 7.28%
- 1Y
- 19.74%
- 3Y*
- 14.76%
- 5Y*
- 8.48%
- 10Y*
- 7.97%
MYFRX vs. PIALX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
MYFRX Pioneer Multi-Asset Ultrashort Income Fund | 1.62% | 4.68% | 6.25% | 6.32% | 0.26% | 1.56% | -0.51% | 3.34% | 1.80% | 1.80% |
PIALX Pioneer Solutions - Balanced Fund | 7.13% | 23.78% | 8.23% | 11.73% | -8.89% | 12.66% | 9.75% | 15.45% | -10.08% | 12.88% |
Correlation
The correlation between MYFRX and PIALX is 0.14, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.14 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.13 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.14 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.10 |
Correlation (All Time) Calculated using the full available price history since Apr 29, 2011 | 0.08 |
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Return for Risk
MYFRX vs. PIALX — Risk / Return Rank
MYFRX
PIALX
MYFRX vs. PIALX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Pioneer Multi-Asset Ultrashort Income Fund (MYFRX) and Pioneer Solutions - Balanced Fund (PIALX). 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 | PIALX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.20 | ||
| Sortino ratioReturn per unit of downside risk | +5.94 | ||
| Omega ratioGain probability vs. loss probability | 3.37 | 1.51 | +1.86 |
| Calmar ratioReturn relative to maximum drawdown | 13.79 | 3.54 | +10.24 |
| Martin ratioReturn relative to average drawdown | 50.58 | 13.66 | +36.92 |
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Drawdowns
MYFRX vs. PIALX - Drawdown Comparison
The maximum MYFRX drawdown since its inception was -10.08%, smaller than the maximum PIALX drawdown of -43.04%. Use the drawdown chart below to compare losses from any high point for MYFRX and PIALX.
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Drawdown Indicators
| MYFRX | PIALX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -10.08% | -43.04% | +32.96% |
Max Drawdown (1Y)Largest decline over 1 year | -0.31% | -5.57% | +5.26% |
Max Drawdown (3Y)Largest decline over 3 years | -0.73% | -8.85% | +8.12% |
Max Drawdown (5Y)Largest decline over 5 years | -1.52% | -18.19% | +16.67% |
Max Drawdown (10Y)Largest decline over 10 years | -10.08% | -26.28% | +16.20% |
Current DrawdownCurrent decline from peak | -0.10% | -0.56% | +0.46% |
Average DrawdownAverage peak-to-trough decline | -0.26% | -5.14% | +4.88% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.08% | 1.44% | -1.36% |
Volatility
MYFRX vs. PIALX - Volatility Comparison
The current volatility for Pioneer Multi-Asset Ultrashort Income Fund (MYFRX) is 0.42%, while Pioneer Solutions - Balanced Fund (PIALX) has a volatility of 2.54%. This indicates that MYFRX experiences smaller price fluctuations and is considered to be less risky than PIALX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MYFRX | PIALX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.42% | 2.54% | -2.12% |
Volatility (6M)Calculated over the trailing 6-month period | 0.97% | 5.85% | -4.88% |
Volatility (1Y)Calculated over the trailing 1-year period | 1.46% | 7.20% | -5.74% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 1.61% | 8.78% | -7.17% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 1.84% | 9.57% | -7.73% |
MYFRX vs. PIALX - Expense Ratio Comparison
Both MYFRX and PIALX have an expense ratio of 0.44%.
Dividends
MYFRX vs. PIALX - Dividend Comparison
MYFRX's dividend yield for the trailing twelve months is around 4.69%, less than PIALX's 5.36% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MYFRX Pioneer Multi-Asset Ultrashort Income Fund | 4.69% | 4.99% | 5.63% | 4.74% | 2.35% | 1.34% | 1.92% | 2.98% | 2.60% | 1.88% | 1.77% | 1.36% |
PIALX Pioneer Solutions - Balanced Fund | 5.36% | 5.74% | 5.07% | 3.97% | 14.16% | 6.30% | 2.79% | 6.44% | 5.91% | 1.81% | 2.18% | 10.28% |
Frequently Asked Questions
MYFRX and PIALX have a correlation of 0.14, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
PIALX has higher volatility (2.54%) compared to MYFRX (0.42%). In terms of maximum drawdown, MYFRX dropped -10.08% vs PIALX's -43.04%.
MYFRX currently has the higher Sharpe Ratio (2.94 vs 2.74), 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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