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PIOBX vs. EINFX
Performance
Return for Risk
Dividends
Drawdowns
Volatility

Performance

PIOBX vs. EINFX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Pioneer Bond Fund (PIOBX) and Elfun Income Fund (EINFX). The values are adjusted to include any dividend payments, if applicable.

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PIOBX vs. EINFX - Yearly Performance Comparison


2026 (YTD)202520242023202220212020201920182017
PIOBX
Pioneer Bond Fund
-0.32%8.09%1.22%5.68%-14.96%0.36%8.51%8.95%-0.87%4.24%
EINFX
Elfun Income Fund
-0.45%7.35%-0.73%4.75%-13.82%-1.57%7.81%9.51%-0.86%3.91%

Returns By Period

In the year-to-date period, PIOBX achieves a -0.32% return, which is significantly higher than EINFX's -0.45% return. Over the past 10 years, PIOBX has outperformed EINFX with an annualized return of 2.08%, while EINFX has yielded a comparatively lower 1.45% annualized return.


PIOBX

1D
0.24%
1M
-1.74%
YTD
-0.32%
6M
0.55%
1Y
4.23%
3Y*
3.61%
5Y*
0.00%
10Y*
2.08%

EINFX

1D
0.21%
1M
-1.82%
YTD
-0.45%
6M
0.30%
1Y
3.43%
3Y*
2.51%
5Y*
-0.58%
10Y*
1.45%
*Multi-year figures are annualized to reflect compound growth (CAGR)

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PIOBX vs. EINFX - Expense Ratio Comparison

PIOBX has a 0.79% expense ratio, which is higher than EINFX's 0.29% expense ratio.


Return for Risk

PIOBX vs. EINFX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

PIOBX
PIOBX Risk / Return Rank: 4949
Overall Rank
PIOBX Sharpe Ratio Rank: 4848
Sharpe Ratio Rank
PIOBX Sortino Ratio Rank: 4747
Sortino Ratio Rank
PIOBX Omega Ratio Rank: 3535
Omega Ratio Rank
PIOBX Calmar Ratio Rank: 6666
Calmar Ratio Rank
PIOBX Martin Ratio Rank: 4747
Martin Ratio Rank

EINFX
EINFX Risk / Return Rank: 3333
Overall Rank
EINFX Sharpe Ratio Rank: 3131
Sharpe Ratio Rank
EINFX Sortino Ratio Rank: 2828
Sortino Ratio Rank
EINFX Omega Ratio Rank: 2121
Omega Ratio Rank
EINFX Calmar Ratio Rank: 5454
Calmar Ratio Rank
EINFX Martin Ratio Rank: 3232
Martin Ratio Rank
The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

PIOBX vs. EINFX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Pioneer Bond Fund (PIOBX) and Elfun Income Fund (EINFX). 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.


PIOBXEINFXDifference

Sharpe ratio

Return per unit of total volatility

1.01

0.78

+0.23

Sortino ratio

Return per unit of downside risk

1.46

1.12

+0.33

Omega ratio

Gain probability vs. loss probability

1.18

1.14

+0.05

Calmar ratio

Return relative to maximum drawdown

1.68

1.41

+0.26

Martin ratio

Return relative to average drawdown

5.20

3.78

+1.42

PIOBX vs. EINFX - Sharpe Ratio Comparison

The current PIOBX Sharpe Ratio is 1.01, which is comparable to the EINFX Sharpe Ratio of 0.78. The chart below compares the historical Sharpe Ratios of PIOBX and EINFX, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.


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Sharpe Ratios by Period


PIOBXEINFXDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

1.01

0.78

+0.23

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.00

-0.09

+0.09

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.43

0.28

+0.15

Sharpe Ratio (All Time)

Calculated using the full available price history

0.72

0.79

-0.06

Correlation

The correlation between PIOBX and EINFX is 0.83, 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

PIOBX vs. EINFX - Dividend Comparison

PIOBX's dividend yield for the trailing twelve months is around 3.44%, less than EINFX's 3.49% yield.


TTM20252024202320222021202020192018201720162015
PIOBX
Pioneer Bond Fund
3.44%3.78%3.31%2.46%1.62%5.71%4.62%3.02%3.13%3.01%2.97%3.05%
EINFX
Elfun Income Fund
3.49%3.84%3.04%2.76%4.09%3.31%3.15%2.78%2.88%2.42%3.34%2.87%

Drawdowns

PIOBX vs. EINFX - Drawdown Comparison

The maximum PIOBX drawdown since its inception was -21.80%, which is greater than EINFX's maximum drawdown of -19.78%. Use the drawdown chart below to compare losses from any high point for PIOBX and EINFX.


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Drawdown Indicators


PIOBXEINFXDifference

Max Drawdown

Largest peak-to-trough decline

-21.80%

-19.78%

-2.02%

Max Drawdown (1Y)

Largest decline over 1 year

-2.96%

-3.07%

+0.11%

Max Drawdown (5Y)

Largest decline over 5 years

-19.64%

-19.78%

+0.14%

Max Drawdown (10Y)

Largest decline over 10 years

-19.64%

-19.78%

+0.14%

Current Drawdown

Current decline from peak

-2.95%

-5.73%

+2.78%

Average Drawdown

Average peak-to-trough decline

-3.56%

-3.57%

+0.01%

Ulcer Index

Depth and duration of drawdowns from previous peaks

0.96%

1.15%

-0.19%

Volatility

PIOBX vs. EINFX - Volatility Comparison

The current volatility for Pioneer Bond Fund (PIOBX) is 1.52%, while Elfun Income Fund (EINFX) has a volatility of 1.62%. This indicates that PIOBX experiences smaller price fluctuations and is considered to be less risky than EINFX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.


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Volatility by Period


PIOBXEINFXDifference

Volatility (1M)

Calculated over the trailing 1-month period

1.52%

1.62%

-0.10%

Volatility (6M)

Calculated over the trailing 6-month period

2.47%

2.76%

-0.29%

Volatility (1Y)

Calculated over the trailing 1-year period

4.46%

4.85%

-0.39%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

5.97%

6.47%

-0.50%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

4.91%

5.22%

-0.31%