PIALX vs. PMAIX
Compare and contrast key facts about Pioneer Solutions - Balanced Fund (PIALX) and Pioneer Multi-Asset Income Fund A (PMAIX).
PIALX is managed by Amundi. It was launched on Aug 8, 2004. PMAIX is managed by Amundi. It was launched on Dec 22, 2011.
Performance
PIALX vs. PMAIX - Performance Comparison
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PIALX vs. PMAIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
PIALX Pioneer Solutions - Balanced Fund | -0.83% | 23.78% | 8.23% | 11.73% | -8.89% | 12.66% | 9.75% | 15.45% | -10.08% | 12.88% |
PMAIX Pioneer Multi-Asset Income Fund A | 0.80% | 23.03% | 6.09% | 7.32% | -0.79% | 12.00% | 5.35% | 10.88% | -6.10% | 17.97% |
Returns By Period
In the year-to-date period, PIALX achieves a -0.83% return, which is significantly lower than PMAIX's 0.80% return. Over the past 10 years, PIALX has underperformed PMAIX with an annualized return of 7.24%, while PMAIX has yielded a comparatively higher 8.45% annualized return.
PIALX
- 1D
- 0.08%
- 1M
- -5.29%
- YTD
- -0.83%
- 6M
- 2.92%
- 1Y
- 17.83%
- 3Y*
- 12.87%
- 5Y*
- 7.48%
- 10Y*
- 7.24%
PMAIX
- 1D
- 0.15%
- 1M
- -3.62%
- YTD
- 0.80%
- 6M
- 4.12%
- 1Y
- 16.77%
- 3Y*
- 11.84%
- 5Y*
- 7.92%
- 10Y*
- 8.45%
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PIALX vs. PMAIX - Expense Ratio Comparison
PIALX has a 0.44% expense ratio, which is lower than PMAIX's 0.85% expense ratio.
Return for Risk
PIALX vs. PMAIX — Risk / Return Rank
PIALX
PMAIX
PIALX vs. PMAIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Pioneer Solutions - Balanced Fund (PIALX) and Pioneer Multi-Asset Income Fund A (PMAIX). 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.
| PIALX | PMAIX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 2.01 | 2.39 | -0.38 |
Sortino ratioReturn per unit of downside risk | 2.65 | 3.02 | -0.38 |
Omega ratioGain probability vs. loss probability | 1.42 | 1.51 | -0.09 |
Calmar ratioReturn relative to maximum drawdown | 2.25 | 2.32 | -0.06 |
Martin ratioReturn relative to average drawdown | 10.13 | 10.88 | -0.75 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| PIALX | PMAIX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.01 | 2.39 | -0.38 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.86 | 1.11 | -0.24 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.76 | 1.12 | -0.36 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.55 | 1.12 | -0.56 |
Correlation
The correlation between PIALX and PMAIX is 0.80, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Dividends
PIALX vs. PMAIX - Dividend Comparison
PIALX's dividend yield for the trailing twelve months is around 5.79%, which matches PMAIX's 5.82% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PIALX Pioneer Solutions - Balanced Fund | 5.79% | 5.74% | 5.07% | 3.97% | 14.16% | 6.30% | 2.79% | 6.44% | 5.91% | 1.81% | 2.18% | 10.28% |
PMAIX Pioneer Multi-Asset Income Fund A | 5.82% | 6.29% | 5.30% | 5.14% | 4.53% | 5.50% | 5.39% | 5.78% | 5.83% | 6.69% | 5.53% | 5.92% |
Drawdowns
PIALX vs. PMAIX - Drawdown Comparison
The maximum PIALX drawdown since its inception was -43.04%, which is greater than PMAIX's maximum drawdown of -24.12%. Use the drawdown chart below to compare losses from any high point for PIALX and PMAIX.
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Drawdown Indicators
| PIALX | PMAIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -43.04% | -24.12% | -18.92% |
Max Drawdown (1Y)Largest decline over 1 year | -7.38% | -7.06% | -0.32% |
Max Drawdown (5Y)Largest decline over 5 years | -18.19% | -13.97% | -4.22% |
Max Drawdown (10Y)Largest decline over 10 years | -26.28% | -24.12% | -2.16% |
Current DrawdownCurrent decline from peak | -5.50% | -3.62% | -1.88% |
Average DrawdownAverage peak-to-trough decline | -5.18% | -2.68% | -2.50% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.64% | 1.51% | +0.13% |
Volatility
PIALX vs. PMAIX - Volatility Comparison
Pioneer Solutions - Balanced Fund (PIALX) has a higher volatility of 2.81% compared to Pioneer Multi-Asset Income Fund A (PMAIX) at 2.19%. This indicates that PIALX's price experiences larger fluctuations and is considered to be riskier than PMAIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PIALX | PMAIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.81% | 2.19% | +0.62% |
Volatility (6M)Calculated over the trailing 6-month period | 5.24% | 4.15% | +1.09% |
Volatility (1Y)Calculated over the trailing 1-year period | 8.76% | 7.19% | +1.57% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.73% | 7.20% | +1.53% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 9.52% | 7.58% | +1.94% |