PIALX vs. MYFRX
PIALX (Pioneer Solutions - Balanced Fund) and MYFRX (Pioneer Multi-Asset Ultrashort Income Fund) are both mutual funds - PIALX is a Global Allocation fund managed by Amundi, while MYFRX is a Ultrashort Bond fund managed by Amundi. Over the past 10 years, PIALX returned 7.97%/yr vs 2.83%/yr for MYFRX. At a 0.08 correlation, their price movements are largely independent. Both charge a 0.44% expense ratio.
Performance
PIALX vs. MYFRX - Performance Comparison
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Returns By Period
In the year-to-date period, PIALX achieves a 7.13% return, which is significantly higher than MYFRX's 1.62% return. Over the past 10 years, PIALX has outperformed MYFRX with an annualized return of 7.97%, while MYFRX has yielded a comparatively lower 2.83% annualized return.
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
- 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 vs. MYFRX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
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% |
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 PIALX and MYFRX 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
PIALX vs. MYFRX — Risk / Return Rank
PIALX
MYFRX
PIALX vs. MYFRX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Pioneer Solutions - Balanced Fund (PIALX) 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.
| PIALX | MYFRX | 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 | 1.51 | 3.37 | -1.86 |
| Calmar ratioReturn relative to maximum drawdown | 3.54 | 13.79 | -10.24 |
| Martin ratioReturn relative to average drawdown | 13.66 | 50.58 | -36.92 |
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Drawdowns
PIALX vs. MYFRX - Drawdown Comparison
The maximum PIALX drawdown since its inception was -43.04%, which is greater than MYFRX's maximum drawdown of -10.08%. Use the drawdown chart below to compare losses from any high point for PIALX and MYFRX.
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Drawdown Indicators
| PIALX | MYFRX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -43.04% | -10.08% | -32.96% |
Max Drawdown (1Y)Largest decline over 1 year | -5.57% | -0.31% | -5.26% |
Max Drawdown (3Y)Largest decline over 3 years | -8.85% | -0.73% | -8.12% |
Max Drawdown (5Y)Largest decline over 5 years | -18.19% | -1.52% | -16.67% |
Max Drawdown (10Y)Largest decline over 10 years | -26.28% | -10.08% | -16.20% |
Current DrawdownCurrent decline from peak | -0.56% | -0.10% | -0.46% |
Average DrawdownAverage peak-to-trough decline | -5.14% | -0.26% | -4.88% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.44% | 0.08% | +1.36% |
Volatility
PIALX vs. MYFRX - Volatility Comparison
Pioneer Solutions - Balanced Fund (PIALX) has a higher volatility of 2.54% compared to Pioneer Multi-Asset Ultrashort Income Fund (MYFRX) at 0.42%. This indicates that PIALX'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
| PIALX | MYFRX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.54% | 0.42% | +2.12% |
Volatility (6M)Calculated over the trailing 6-month period | 5.85% | 0.97% | +4.88% |
Volatility (1Y)Calculated over the trailing 1-year period | 7.20% | 1.46% | +5.74% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.78% | 1.61% | +7.17% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 9.57% | 1.84% | +7.73% |
PIALX vs. MYFRX - Expense Ratio Comparison
Both PIALX and MYFRX have an expense ratio of 0.44%.
Dividends
PIALX vs. MYFRX - Dividend Comparison
PIALX's dividend yield for the trailing twelve months is around 5.36%, 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% |
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
PIALX and MYFRX 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, PIALX dropped -43.04% vs MYFRX's -10.08%.
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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