PIALX vs. RALIX
PIALX (Pioneer Solutions - Balanced Fund) and RALIX (Lazard Real Assets Portfolio) are both Global Allocation funds. Over the past 5 years, PIALX returned 8.68%/yr vs 6.87%/yr for RALIX. Their 0.73 correlation means they have sometimes moved together and sometimes differently. PIALX charges 0.44%/yr vs 0.80%/yr for RALIX.
Performance
PIALX vs. RALIX - Performance Comparison
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Returns By Period
In the year-to-date period, PIALX achieves a 8.35% return, which is significantly lower than RALIX's 13.30% return.
PIALX
- 1D
- 0.42%
- 1M
- 1.13%
- 6M
- 5.31%
- YTD
- 8.35%
- 1Y
- 18.63%
- 3Y*
- 14.49%
- 5Y*
- 8.68%
- 10Y*
- 7.90%
- ALL TIME*
- 6.35%
RALIX
- 1D
- -0.51%
- 1M
- 2.00%
- 6M
- 7.85%
- YTD
- 13.30%
- 1Y
- 21.90%
- 3Y*
- 12.29%
- 5Y*
- 6.87%
- 10Y*
- —
- ALL TIME*
- 6.88%
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 |
PIALX vs. RALIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
PIALX Pioneer Solutions - Balanced Fund | 8.35% | 23.78% | 8.23% | 11.73% | -8.89% | 12.66% | 9.75% | 15.45% | -10.08% | 12.88% |
RALIX Lazard Real Assets Portfolio | 13.30% | 15.60% | 5.91% | 4.43% | -8.99% | 22.32% | 0.61% | 16.07% | -7.59% | 8.60% |
Correlation
The correlation between PIALX and RALIX is 0.49, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.49 |
Correlation (3Y) Balances recent behavior with more history. | 0.63 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.69 |
Correlation (All Time) Calculated using the full available price history since Jan 3, 2017 | 0.73 |
Over the past year, the correlation between PIALX and RALIX has dropped to 0.49 - well below their long-term average of 0.73, suggesting their price drivers have been diverging.
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Return for Risk
PIALX vs. RALIX — Risk / Return Rank
PIALX
RALIX
PIALX vs. RALIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Pioneer Solutions - Balanced Fund (PIALX) and Lazard Real Assets Portfolio (RALIX). 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 | RALIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.11 | ||
| Sortino ratioReturn per unit of downside risk | +0.25 | ||
| Omega ratioGain probability vs. loss probability | 1.47 | 1.44 | +0.03 |
| Calmar ratioReturn relative to maximum drawdown | 3.29 | 3.97 | -0.67 |
| Martin ratioReturn relative to average drawdown | 12.68 | 12.18 | +0.50 |
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Drawdowns
PIALX vs. RALIX - Drawdown Comparison
The maximum PIALX drawdown since its inception was -43.04%, which is greater than RALIX's maximum drawdown of -24.00%. Use the drawdown chart below to compare losses from any high point for PIALX and RALIX.
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Drawdown Indicators
| PIALX | RALIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -43.04% | -24.00% | -19.04% |
Max Drawdown (1Y)Largest decline over 1 year | -5.57% | -5.46% | -0.11% |
Max Drawdown (3Y)Largest decline over 3 years | -8.85% | -9.72% | +0.87% |
Max Drawdown (5Y)Largest decline over 5 years | -18.19% | -22.03% | +3.84% |
Max Drawdown (10Y)Largest decline over 10 years | -26.28% | — | — |
Current DrawdownCurrent decline from peak | 0.00% | -1.73% | +1.73% |
Average DrawdownAverage peak-to-trough decline | -5.11% | -5.70% | +0.59% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.44% | 1.77% | -0.33% |
Volatility
PIALX vs. RALIX - Volatility Comparison
The current volatility for Pioneer Solutions - Balanced Fund (PIALX) is 1.90%, while Lazard Real Assets Portfolio (RALIX) has a volatility of 2.41%. This indicates that PIALX experiences smaller price fluctuations and is considered to be less risky than RALIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PIALX | RALIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.90% | 2.41% | -0.51% |
Volatility (6M)Calculated over the trailing 6-month period | 5.88% | 7.16% | -1.28% |
Volatility (1Y)Calculated over the trailing 1-year period | 7.25% | 8.93% | -1.68% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.72% | 11.83% | -3.11% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 9.51% | 11.15% | -1.64% |
PIALX vs. RALIX - Expense Ratio Comparison
PIALX has a 0.44% expense ratio, which is lower than RALIX's 0.80% expense ratio.
Dividends
PIALX vs. RALIX - Dividend Comparison
PIALX's dividend yield for the trailing twelve months is around 5.30%, less than RALIX's 8.48% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PIALX Pioneer Solutions - Balanced Fund | 5.30% | 5.74% | 5.07% | 3.97% | 14.16% | 6.30% | 2.79% | 6.44% | 5.91% | 1.81% | 2.18% | 10.28% |
RALIX Lazard Real Assets Portfolio | 8.48% | 7.04% | 3.07% | 2.93% | 7.65% | 11.84% | 3.93% | 2.24% | 5.27% | 1.69% | 0.00% | 0.00% |
Frequently Asked Questions
PIALX and RALIX have a correlation of 0.49, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
RALIX has higher volatility (2.41%) compared to PIALX (1.90%). In terms of maximum drawdown, PIALX dropped -43.04% vs RALIX's -24.00%.
PIALX currently has the higher Sharpe Ratio (2.54 vs 2.43), 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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