PIOBX vs. MYFRX
Compare and contrast key facts about Pioneer Bond Fund (PIOBX) and Pioneer Multi-Asset Ultrashort Income Fund (MYFRX).
PIOBX is managed by Amundi. It was launched on Oct 31, 1978. MYFRX is managed by Amundi. It was launched on Apr 29, 2011.
Performance
PIOBX vs. MYFRX - Performance Comparison
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PIOBX vs. MYFRX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
PIOBX Pioneer Bond Fund | -0.32% | 8.09% | 1.22% | 5.68% | -14.96% | 0.36% | 8.51% | 8.95% | -0.87% | 4.24% |
MYFRX Pioneer Multi-Asset Ultrashort Income Fund | 0.52% | 4.68% | 6.25% | 6.32% | 0.26% | 1.56% | -0.51% | 3.34% | 1.80% | 1.80% |
Returns By Period
In the year-to-date period, PIOBX achieves a -0.32% return, which is significantly lower than MYFRX's 0.52% return. Over the past 10 years, PIOBX has underperformed MYFRX with an annualized return of 2.08%, while MYFRX has yielded a comparatively higher 2.77% 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%
MYFRX
- 1D
- 0.00%
- 1M
- -0.21%
- YTD
- 0.52%
- 6M
- 1.43%
- 1Y
- 3.88%
- 3Y*
- 5.33%
- 5Y*
- 3.73%
- 10Y*
- 2.77%
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PIOBX vs. MYFRX - Expense Ratio Comparison
PIOBX has a 0.79% expense ratio, which is higher than MYFRX's 0.44% expense ratio.
Return for Risk
PIOBX vs. MYFRX — Risk / Return Rank
PIOBX
MYFRX
PIOBX vs. MYFRX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Pioneer Bond Fund (PIOBX) and Pioneer Multi-Asset Ultrashort Income Fund (MYFRX). 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 | MYFRX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.01 | 2.63 | -1.61 |
Sortino ratioReturn per unit of downside risk | 1.46 | 8.48 | -7.03 |
Omega ratioGain probability vs. loss probability | 1.18 | 2.94 | -1.76 |
Calmar ratioReturn relative to maximum drawdown | 1.68 | 10.43 | -8.76 |
Martin ratioReturn relative to average drawdown | 5.20 | 34.81 | -29.61 |
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 | MYFRX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.01 | 2.63 | -1.61 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.00 | 2.37 | -2.37 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.43 | 1.52 | -1.09 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.72 | 1.44 | -0.72 |
Correlation
The correlation between PIOBX and MYFRX is 0.24, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Dividends
PIOBX vs. MYFRX - Dividend Comparison
PIOBX's dividend yield for the trailing twelve months is around 3.44%, less than MYFRX's 4.44% 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% |
MYFRX Pioneer Multi-Asset Ultrashort Income Fund | 4.44% | 4.99% | 5.63% | 4.74% | 2.35% | 1.34% | 1.92% | 2.98% | 2.60% | 1.88% | 1.77% | 1.36% |
Drawdowns
PIOBX vs. MYFRX - Drawdown Comparison
The maximum PIOBX drawdown since its inception was -21.80%, which is greater than MYFRX's maximum drawdown of -10.08%. Use the drawdown chart below to compare losses from any high point for PIOBX and MYFRX.
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Drawdown Indicators
| PIOBX | MYFRX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -21.80% | -10.08% | -11.72% |
Max Drawdown (1Y)Largest decline over 1 year | -2.96% | -0.41% | -2.55% |
Max Drawdown (5Y)Largest decline over 5 years | -19.64% | -1.52% | -18.12% |
Max Drawdown (10Y)Largest decline over 10 years | -19.64% | -10.08% | -9.56% |
Current DrawdownCurrent decline from peak | -2.95% | -0.21% | -2.74% |
Average DrawdownAverage peak-to-trough decline | -3.56% | -0.27% | -3.29% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.96% | 0.12% | +0.84% |
Volatility
PIOBX vs. MYFRX - Volatility Comparison
Pioneer Bond Fund (PIOBX) has a higher volatility of 1.52% compared to Pioneer Multi-Asset Ultrashort Income Fund (MYFRX) at 0.21%. This indicates that PIOBX's price experiences larger fluctuations and is considered to be riskier than MYFRX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PIOBX | MYFRX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.52% | 0.21% | +1.31% |
Volatility (6M)Calculated over the trailing 6-month period | 2.47% | 1.04% | +1.43% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.46% | 1.54% | +2.92% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.97% | 1.59% | +4.38% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.91% | 1.83% | +3.08% |