PBMFX vs. PIOTX
Compare and contrast key facts about Pioneer AMT Free Municipal Fund (PBMFX) and Pioneer Core Equity Fund (PIOTX).
PBMFX is managed by Amundi. It was launched on Sep 29, 1996. PIOTX is managed by Amundi. It was launched on Nov 18, 1999.
Performance
PBMFX vs. PIOTX - Performance Comparison
Loading graphics...
PBMFX vs. PIOTX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
PBMFX Pioneer AMT Free Municipal Fund | -1.93% | -1.43% | 0.80% | 7.15% | -17.35% | 1.54% | 6.75% | 9.82% | 0.11% | 6.57% |
PIOTX Pioneer Core Equity Fund | -2.50% | 16.94% | 14.35% | 18.18% | -17.27% | 25.81% | 20.98% | 31.42% | -8.32% | 24.89% |
Returns By Period
In the year-to-date period, PBMFX achieves a -1.93% return, which is significantly higher than PIOTX's -2.50% return. Over the past 10 years, PBMFX has underperformed PIOTX with an annualized return of 0.66%, while PIOTX has yielded a comparatively higher 12.27% annualized return.
PBMFX
- 1D
- 0.34%
- 1M
- -4.01%
- YTD
- -1.93%
- 6M
- -1.39%
- 1Y
- -1.04%
- 3Y*
- 0.19%
- 5Y*
- -2.28%
- 10Y*
- 0.66%
PIOTX
- 1D
- -0.13%
- 1M
- -5.30%
- YTD
- -2.50%
- 6M
- 1.98%
- 1Y
- 18.07%
- 3Y*
- 13.66%
- 5Y*
- 8.53%
- 10Y*
- 12.27%
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
PBMFX vs. PIOTX - Expense Ratio Comparison
PBMFX has a 0.78% expense ratio, which is lower than PIOTX's 0.88% expense ratio.
Return for Risk
PBMFX vs. PIOTX — Risk / Return Rank
PBMFX
PIOTX
PBMFX vs. PIOTX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Pioneer AMT Free Municipal Fund (PBMFX) and Pioneer Core Equity Fund (PIOTX). 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.
| PBMFX | PIOTX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | -0.03 | 1.00 | -1.03 |
Sortino ratioReturn per unit of downside risk | 0.03 | 1.49 | -1.46 |
Omega ratioGain probability vs. loss probability | 1.01 | 1.23 | -0.23 |
Calmar ratioReturn relative to maximum drawdown | -0.06 | 1.23 | -1.28 |
Martin ratioReturn relative to average drawdown | -0.12 | 5.22 | -5.34 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading graphics...
Sharpe Ratios by Period
| PBMFX | PIOTX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.03 | 1.00 | -1.03 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.31 | 0.51 | -0.82 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.10 | 0.69 | -0.58 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.44 | 0.13 | +0.31 |
Correlation
The correlation between PBMFX and PIOTX is -0.10. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.
Dividends
PBMFX vs. PIOTX - Dividend Comparison
PBMFX's dividend yield for the trailing twelve months is around 4.67%, less than PIOTX's 7.73% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PBMFX Pioneer AMT Free Municipal Fund | 4.67% | 4.82% | 2.32% | 2.15% | 2.01% | 1.97% | 3.06% | 2.91% | 2.94% | 2.70% | 2.97% | 3.62% |
PIOTX Pioneer Core Equity Fund | 7.73% | 7.53% | 5.87% | 2.83% | 7.10% | 20.38% | 8.56% | 3.06% | 19.73% | 9.04% | 1.13% | 0.74% |
Drawdowns
PBMFX vs. PIOTX - Drawdown Comparison
The maximum PBMFX drawdown since its inception was -24.21%, smaller than the maximum PIOTX drawdown of -66.24%. Use the drawdown chart below to compare losses from any high point for PBMFX and PIOTX.
Loading graphics...
Drawdown Indicators
| PBMFX | PIOTX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -24.21% | -66.24% | +42.03% |
Max Drawdown (1Y)Largest decline over 1 year | -8.92% | -12.86% | +3.94% |
Max Drawdown (5Y)Largest decline over 5 years | -24.21% | -26.49% | +2.28% |
Max Drawdown (10Y)Largest decline over 10 years | -24.21% | -31.79% | +7.58% |
Current DrawdownCurrent decline from peak | -13.99% | -8.16% | -5.83% |
Average DrawdownAverage peak-to-trough decline | -4.65% | -20.26% | +15.61% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.34% | 3.02% | +1.32% |
Volatility
PBMFX vs. PIOTX - Volatility Comparison
The current volatility for Pioneer AMT Free Municipal Fund (PBMFX) is 1.77%, while Pioneer Core Equity Fund (PIOTX) has a volatility of 3.09%. This indicates that PBMFX experiences smaller price fluctuations and is considered to be less risky than PIOTX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading graphics...
Volatility by Period
| PBMFX | PIOTX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.77% | 3.09% | -1.32% |
Volatility (6M)Calculated over the trailing 6-month period | 3.07% | 9.24% | -6.17% |
Volatility (1Y)Calculated over the trailing 1-year period | 9.79% | 18.67% | -8.88% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.36% | 16.91% | -9.55% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.61% | 17.96% | -11.35% |