PEQIX vs. MYFRX
PEQIX (Pioneer Equity Income Fund) and MYFRX (Pioneer Multi-Asset Ultrashort Income Fund) are both mutual funds - PEQIX is a Large Cap Value Equities fund managed by Amundi, while MYFRX is a Ultrashort Bond fund managed by Amundi. Over the past 10 years, PEQIX returned 9.46%/yr vs 2.83%/yr for MYFRX. At a 0.06 correlation, their price movements are largely independent. PEQIX charges 1.02%/yr vs 0.44%/yr for MYFRX.
Performance
PEQIX vs. MYFRX - Performance Comparison
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Returns By Period
In the year-to-date period, PEQIX achieves a 9.37% return, which is significantly higher than MYFRX's 1.62% return. Over the past 10 years, PEQIX has outperformed MYFRX with an annualized return of 9.46%, while MYFRX has yielded a comparatively lower 2.83% annualized return.
PEQIX
- 1D
- 0.64%
- 1M
- 0.01%
- YTD
- 9.37%
- 6M
- 8.88%
- 1Y
- 18.19%
- 3Y*
- 13.02%
- 5Y*
- 7.89%
- 10Y*
- 9.46%
MYFRX
- 1D
- 0.00%
- 1M
- 0.37%
- YTD
- 1.62%
- 6M
- 1.93%
- 1Y
- 4.25%
- 3Y*
- 5.22%
- 5Y*
- 3.89%
- 10Y*
- 2.83%
PEQIX vs. MYFRX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
PEQIX Pioneer Equity Income Fund | 9.37% | 11.30% | 11.18% | 6.84% | -8.08% | 25.28% | -0.20% | 25.46% | -8.93% | 15.00% |
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% |
Correlation
The correlation between PEQIX and MYFRX is 0.13, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.13 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.09 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.10 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.07 |
Correlation (All Time) Calculated using the full available price history since Apr 29, 2011 | 0.06 |
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Return for Risk
PEQIX vs. MYFRX — Risk / Return Rank
PEQIX
MYFRX
PEQIX vs. MYFRX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Pioneer Equity Income Fund (PEQIX) and Pioneer Multi-Asset Ultrashort Income Fund (MYFRX). 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.
| PEQIX | MYFRX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.25 | ||
| Sortino ratioReturn per unit of downside risk | -7.39 | ||
| Omega ratioGain probability vs. loss probability | 1.29 | 3.37 | -2.08 |
| Calmar ratioReturn relative to maximum drawdown | 2.42 | 13.79 | -11.36 |
| Martin ratioReturn relative to average drawdown | 7.68 | 50.43 | -42.75 |
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Drawdowns
PEQIX vs. MYFRX - Drawdown Comparison
The maximum PEQIX drawdown since its inception was -54.08%, which is greater than MYFRX's maximum drawdown of -10.08%. Use the drawdown chart below to compare losses from any high point for PEQIX and MYFRX.
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Drawdown Indicators
| PEQIX | MYFRX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -54.08% | -10.08% | -44.00% |
Max Drawdown (1Y)Largest decline over 1 year | -8.01% | -0.31% | -7.70% |
Max Drawdown (3Y)Largest decline over 3 years | -16.84% | -0.73% | -16.11% |
Max Drawdown (5Y)Largest decline over 5 years | -20.24% | -1.52% | -18.72% |
Max Drawdown (10Y)Largest decline over 10 years | -37.93% | -10.08% | -27.85% |
Current DrawdownCurrent decline from peak | -1.61% | -0.10% | -1.51% |
Average DrawdownAverage peak-to-trough decline | -6.57% | -0.26% | -6.31% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.52% | 0.08% | +2.44% |
Volatility
PEQIX vs. MYFRX - Volatility Comparison
Pioneer Equity Income Fund (PEQIX) has a higher volatility of 3.48% compared to Pioneer Multi-Asset Ultrashort Income Fund (MYFRX) at 0.42%. This indicates that PEQIX's price experiences larger fluctuations and is considered to be riskier than MYFRX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PEQIX | MYFRX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.48% | 0.42% | +3.06% |
Volatility (6M)Calculated over the trailing 6-month period | 8.42% | 0.97% | +7.45% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.53% | 1.46% | +10.07% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.26% | 1.61% | +13.65% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.20% | 1.84% | +15.36% |
PEQIX vs. MYFRX - Expense Ratio Comparison
PEQIX has a 1.02% expense ratio, which is higher than MYFRX's 0.44% expense ratio.
Dividends
PEQIX vs. MYFRX - Dividend Comparison
PEQIX's dividend yield for the trailing twelve months is around 8.35%, more than MYFRX's 4.69% 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% |
PEQIX Pioneer Equity Income Fund | 8.35% | 9.08% | 40.97% | 17.42% | 12.72% | 9.34% | 1.59% | 4.00% | 7.75% | 5.31% | 13.11% | 10.13% |
Frequently Asked Questions
PEQIX and MYFRX have a correlation of 0.13, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
PEQIX has higher volatility (3.48%) compared to MYFRX (0.42%). In terms of maximum drawdown, PEQIX dropped -54.08% vs MYFRX's -10.08%.
MYFRX currently has the higher Sharpe Ratio (2.94 vs 1.69), 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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