Correlation
The correlation between PIOBX and MUNI is -0.09. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.
PIOBX vs. MUNI
Compare and contrast key facts about Pioneer Bond Fund (PIOBX) and PIMCO Intermediate Municipal Bond Active ETF (MUNI).
PIOBX is managed by Amundi US. It was launched on Oct 31, 1978. MUNI is an actively managed fund by PIMCO. It was launched on Nov 30, 2009.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: PIOBX or MUNI.
Performance
PIOBX vs. MUNI - Performance Comparison
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Key characteristics
PIOBX:
1.25
MUNI:
0.54
PIOBX:
1.71
MUNI:
0.63
PIOBX:
1.21
MUNI:
1.10
PIOBX:
0.56
MUNI:
0.54
PIOBX:
3.09
MUNI:
1.55
PIOBX:
2.16%
MUNI:
1.28%
PIOBX:
5.81%
MUNI:
4.42%
PIOBX:
-19.27%
MUNI:
-11.15%
PIOBX:
-5.56%
MUNI:
-2.12%
Returns By Period
In the year-to-date period, PIOBX achieves a 2.01% return, which is significantly higher than MUNI's -0.34% return. Over the past 10 years, PIOBX has underperformed MUNI with an annualized return of 1.91%, while MUNI has yielded a comparatively higher 2.14% annualized return.
PIOBX
2.01%
-1.20%
1.10%
7.21%
1.57%
0.73%
1.91%
MUNI
-0.34%
-0.04%
-1.27%
2.36%
2.53%
1.00%
2.14%
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PIOBX vs. MUNI - Expense Ratio Comparison
PIOBX has a 0.79% expense ratio, which is higher than MUNI's 0.35% expense ratio.
Risk-Adjusted Performance
PIOBX vs. MUNI — Risk-Adjusted Performance Rank
PIOBX
MUNI
PIOBX vs. MUNI - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Pioneer Bond Fund (PIOBX) and PIMCO Intermediate Municipal Bond Active ETF (MUNI). 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.
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Dividends
PIOBX vs. MUNI - Dividend Comparison
PIOBX's dividend yield for the trailing twelve months is around 4.79%, more than MUNI's 3.45% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PIOBX Pioneer Bond Fund | 4.79% | 4.67% | 3.33% | 2.08% | 5.75% | 4.62% | 3.02% | 3.13% | 3.01% | 2.97% | 3.10% | 3.72% |
MUNI PIMCO Intermediate Municipal Bond Active ETF | 3.45% | 3.50% | 3.63% | 2.13% | 1.62% | 1.92% | 2.44% | 2.57% | 2.37% | 2.37% | 2.20% | 1.91% |
Drawdowns
PIOBX vs. MUNI - Drawdown Comparison
The maximum PIOBX drawdown since its inception was -19.27%, which is greater than MUNI's maximum drawdown of -11.15%. Use the drawdown chart below to compare losses from any high point for PIOBX and MUNI.
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Volatility
PIOBX vs. MUNI - Volatility Comparison
Pioneer Bond Fund (PIOBX) has a higher volatility of 1.50% compared to PIMCO Intermediate Municipal Bond Active ETF (MUNI) at 0.86%. This indicates that PIOBX's price experiences larger fluctuations and is considered to be riskier than MUNI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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