PEQIX vs. VEIRX
PEQIX (Pioneer Equity Income Fund) and VEIRX (Vanguard Equity Income Fund Admiral Shares) are both Dividend funds. Over the past 10 years, PEQIX returned 9.41%/yr vs 11.82%/yr for VEIRX. Their 0.96 correlation means they have historically moved very closely together. PEQIX charges 1.02%/yr vs 0.19%/yr for VEIRX.
Performance
PEQIX vs. VEIRX - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, PEQIX achieves a 13.77% return, which is significantly higher than VEIRX's 11.87% return. Over the past 10 years, PEQIX has underperformed VEIRX with an annualized return of 9.41%, while VEIRX has yielded a comparatively higher 11.82% annualized return.
PEQIX
- 1D
- -0.47%
- 1M
- 2.29%
- 6M
- 8.94%
- YTD
- 13.77%
- 1Y
- 22.90%
- 3Y*
- 12.35%
- 5Y*
- 8.28%
- 10Y*
- 9.41%
- ALL TIME*
- 9.36%
VEIRX
- 1D
- 0.21%
- 1M
- 1.92%
- 6M
- 8.20%
- YTD
- 11.87%
- 1Y
- 23.32%
- 3Y*
- 15.56%
- 5Y*
- 11.73%
- 10Y*
- 11.82%
- ALL TIME*
- 9.07%
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 |
PEQIX vs. VEIRX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
PEQIX Pioneer Equity Income Fund | 13.77% | 11.30% | 11.18% | 6.84% | -8.08% | 25.28% | -0.20% | 25.46% | -8.93% | 15.00% |
VEIRX Vanguard Equity Income Fund Admiral Shares | 11.87% | 17.25% | 14.91% | 7.76% | -0.08% | 25.49% | 3.08% | 25.34% | -5.68% | 17.68% |
Correlation
The correlation between PEQIX and VEIRX is 0.88, meaning they have usually moved in the same direction, including during past declines.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.88 |
Correlation (3Y) Balances recent behavior with more history. | 0.91 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.94 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.94 |
Correlation (All Time) Calculated using the full available price history since Aug 13, 2001 | 0.96 |
The correlation between PEQIX and VEIRX has been stable across timeframes, ranging from 0.88 to 0.96 - a consistent structural relationship.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
PEQIX vs. VEIRX — Risk / Return Rank
PEQIX
VEIRX
PEQIX vs. VEIRX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Pioneer Equity Income Fund (PEQIX) and Vanguard Equity Income Fund Admiral Shares (VEIRX). 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 | VEIRX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.23 | ||
| Sortino ratioReturn per unit of downside risk | -0.34 | ||
| Omega ratioGain probability vs. loss probability | 1.31 | 1.37 | -0.06 |
| Calmar ratioReturn relative to maximum drawdown | 2.57 | 2.91 | -0.34 |
| Martin ratioReturn relative to average drawdown | 8.44 | 10.99 | -2.55 |
Loading charts...
Drawdowns
PEQIX vs. VEIRX - Drawdown Comparison
The maximum PEQIX drawdown since its inception was -54.08%, roughly equal to the maximum VEIRX drawdown of -54.02%. Use the drawdown chart below to compare losses from any high point for PEQIX and VEIRX.
Loading charts...
Drawdown Indicators
| PEQIX | VEIRX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -54.08% | -54.02% | -0.06% |
Max Drawdown (1Y)Largest decline over 1 year | -8.01% | -7.13% | -0.88% |
Max Drawdown (3Y)Largest decline over 3 years | -16.84% | -13.36% | -3.48% |
Max Drawdown (5Y)Largest decline over 5 years | -20.24% | -15.12% | -5.12% |
Max Drawdown (10Y)Largest decline over 10 years | -37.93% | -35.26% | -2.67% |
Current DrawdownCurrent decline from peak | -1.07% | -0.85% | -0.22% |
Average DrawdownAverage peak-to-trough decline | -6.56% | -6.46% | -0.10% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.44% | 1.90% | +0.54% |
Volatility
PEQIX vs. VEIRX - Volatility Comparison
Pioneer Equity Income Fund (PEQIX) has a higher volatility of 3.49% compared to Vanguard Equity Income Fund Admiral Shares (VEIRX) at 2.57%. This indicates that PEQIX's price experiences larger fluctuations and is considered to be riskier than VEIRX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| PEQIX | VEIRX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.49% | 2.57% | +0.92% |
Volatility (6M)Calculated over the trailing 6-month period | 8.40% | 7.39% | +1.01% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.51% | 10.28% | +1.23% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.23% | 13.84% | +1.39% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.16% | 16.25% | +0.91% |
PEQIX vs. VEIRX - Expense Ratio Comparison
PEQIX has a 1.02% expense ratio, which is higher than VEIRX's 0.19% expense ratio.
Dividends
PEQIX vs. VEIRX - Dividend Comparison
PEQIX's dividend yield for the trailing twelve months is around 8.03%, less than VEIRX's 9.92% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PEQIX Pioneer Equity Income Fund | 8.03% | 9.08% | 40.97% | 17.42% | 12.72% | 9.34% | 1.59% | 4.00% | 7.75% | 5.31% | 13.11% | 10.13% |
VEIRX Vanguard Equity Income Fund Admiral Shares | 9.92% | 11.03% | 9.83% | 7.96% | 8.79% | 7.71% | 2.86% | 4.45% | 10.98% | 3.04% | 3.87% | 6.48% |
Frequently Asked Questions
PEQIX and VEIRX have a correlation of 0.88, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
PEQIX has higher volatility (3.49%) compared to VEIRX (2.57%). In terms of maximum drawdown, PEQIX dropped -54.08% vs VEIRX's -54.02%.
VEIRX currently has the higher Sharpe Ratio (2.02 vs 1.80), 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.
Find the right allocation for PEQIX and VEIRX
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer