PIOBX vs. MCFIX
Compare and contrast key facts about Pioneer Bond Fund (PIOBX) and Mercer Core Fixed Income Fund (MCFIX).
PIOBX is managed by Amundi. It was launched on Oct 31, 1978. MCFIX is managed by Mercer Funds. It was launched on Aug 15, 2005.
Performance
PIOBX vs. MCFIX - Performance Comparison
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PIOBX vs. MCFIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
PIOBX Pioneer Bond Fund | -0.32% | 8.09% | 1.22% | 5.68% | -14.96% | 0.36% | 8.51% | 5.71% |
MCFIX Mercer Core Fixed Income Fund | -0.88% | 6.64% | 2.02% | 6.47% | -13.69% | -1.05% | 4.75% | 3.31% |
Returns By Period
In the year-to-date period, PIOBX achieves a -0.32% return, which is significantly higher than MCFIX's -0.88% 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%
MCFIX
- 1D
- 0.23%
- 1M
- -1.88%
- YTD
- -0.88%
- 6M
- -0.58%
- 1Y
- 2.54%
- 3Y*
- 3.62%
- 5Y*
- 0.17%
- 10Y*
- —
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PIOBX vs. MCFIX - Expense Ratio Comparison
PIOBX has a 0.79% expense ratio, which is higher than MCFIX's 0.16% expense ratio.
Return for Risk
PIOBX vs. MCFIX — Risk / Return Rank
PIOBX
MCFIX
PIOBX vs. MCFIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Pioneer Bond Fund (PIOBX) and Mercer Core Fixed Income Fund (MCFIX). 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.
| PIOBX | MCFIX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.01 | 0.70 | +0.32 |
Sortino ratioReturn per unit of downside risk | 1.46 | 1.01 | +0.45 |
Omega ratioGain probability vs. loss probability | 1.18 | 1.13 | +0.06 |
Calmar ratioReturn relative to maximum drawdown | 1.68 | 1.73 | -0.06 |
Martin ratioReturn relative to average drawdown | 5.20 | 5.00 | +0.20 |
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
| PIOBX | MCFIX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.01 | 0.70 | +0.32 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.00 | 0.03 | -0.03 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.43 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.72 | 0.15 | +0.58 |
Correlation
The correlation between PIOBX and MCFIX is 0.88, 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. MCFIX - Dividend Comparison
PIOBX's dividend yield for the trailing twelve months is around 3.44%, less than MCFIX's 4.30% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
MCFIX Mercer Core Fixed Income Fund | 4.30% | 3.89% | 4.54% | 3.68% | 3.31% | 2.45% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
PIOBX vs. MCFIX - Drawdown Comparison
The maximum PIOBX drawdown since its inception was -21.80%, roughly equal to the maximum MCFIX drawdown of -21.68%. Use the drawdown chart below to compare losses from any high point for PIOBX and MCFIX.
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Drawdown Indicators
| PIOBX | MCFIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -21.80% | -21.68% | -0.12% |
Max Drawdown (1Y)Largest decline over 1 year | -2.96% | -3.09% | +0.13% |
Max Drawdown (5Y)Largest decline over 5 years | -19.64% | -18.72% | -0.92% |
Max Drawdown (10Y)Largest decline over 10 years | -19.64% | — | — |
Current DrawdownCurrent decline from peak | -2.95% | -5.87% | +2.92% |
Average DrawdownAverage peak-to-trough decline | -3.56% | -8.61% | +5.05% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.96% | 1.07% | -0.11% |
Volatility
PIOBX vs. MCFIX - Volatility Comparison
Pioneer Bond Fund (PIOBX) and Mercer Core Fixed Income Fund (MCFIX) have volatilities of 1.52% and 1.54%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PIOBX | MCFIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.52% | 1.54% | -0.02% |
Volatility (6M)Calculated over the trailing 6-month period | 2.47% | 2.68% | -0.21% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.46% | 4.81% | -0.35% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.97% | 6.01% | -0.04% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.91% | 6.16% | -1.25% |