PIOBX vs. PCGRX
PIOBX (Pioneer Bond Fund) and PCGRX (Pioneer Mid Cap Value Fund) are both mutual funds - PIOBX is a Intermediate Core-Plus Bond fund managed by Amundi, while PCGRX is a Mid Cap Value Equities fund managed by Amundi. Over the past 10 years, PIOBX returned 2.01%/yr vs 9.76%/yr for PCGRX. At a correlation of -0.05, they often move in opposite directions. PIOBX charges 0.79%/yr vs 1.05%/yr for PCGRX.
Performance
PIOBX vs. PCGRX - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, PIOBX achieves a 0.45% return, which is significantly lower than PCGRX's 14.68% return. Over the past 10 years, PIOBX has underperformed PCGRX with an annualized return of 2.01%, while PCGRX has yielded a comparatively higher 9.76% annualized return.
PIOBX
- 1D
- 0.60%
- 1M
- 0.94%
- YTD
- 0.45%
- 6M
- 0.90%
- 1Y
- 5.02%
- 3Y*
- 4.18%
- 5Y*
- -0.16%
- 10Y*
- 2.01%
PCGRX
- 1D
- 0.62%
- 1M
- 3.12%
- YTD
- 14.68%
- 6M
- 13.45%
- 1Y
- 28.53%
- 3Y*
- 14.79%
- 5Y*
- 10.65%
- 10Y*
- 9.76%
PIOBX vs. PCGRX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
PIOBX Pioneer Bond Fund | 0.45% | 8.09% | 1.22% | 5.68% | -14.96% | 0.36% | 8.51% | 8.95% | -0.87% | 4.24% |
PCGRX Pioneer Mid Cap Value Fund | 14.68% | 10.84% | 10.44% | 12.38% | -5.85% | 28.94% | 1.81% | 28.04% | -19.52% | 12.89% |
Correlation
The correlation between PIOBX and PCGRX is 0.26, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.26 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.19 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.09 |
Correlation (10Y) Calculated over the trailing 10-year period | -0.02 |
Correlation (All Time) Calculated using the full available price history since Jul 25, 1990 | -0.05 |
The correlation between PIOBX and PCGRX shifts across timeframes, from -0.05 (all time) to 0.26 (1 year), reflecting how their relationship changes across market environments.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
PIOBX vs. PCGRX — Risk / Return Rank
PIOBX
PCGRX
PIOBX vs. PCGRX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Pioneer Bond Fund (PIOBX) and Pioneer Mid Cap Value Fund (PCGRX). 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.
| PIOBX | PCGRX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.86 | ||
| Sortino ratioReturn per unit of downside risk | -1.14 | ||
| Omega ratioGain probability vs. loss probability | 1.23 | 1.38 | -0.15 |
| Calmar ratioReturn relative to maximum drawdown | 1.69 | 3.65 | -1.96 |
| Martin ratioReturn relative to average drawdown | 4.97 | 12.92 | -7.95 |
Loading charts...
Drawdowns
PIOBX vs. PCGRX - Drawdown Comparison
The maximum PIOBX drawdown since its inception was -21.80%, smaller than the maximum PCGRX drawdown of -53.63%. Use the drawdown chart below to compare losses from any high point for PIOBX and PCGRX.
Loading charts...
Drawdown Indicators
| PIOBX | PCGRX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -21.80% | -53.63% | +31.83% |
Max Drawdown (1Y)Largest decline over 1 year | -3.06% | -7.99% | +4.93% |
Max Drawdown (3Y)Largest decline over 3 years | -7.11% | -20.29% | +13.18% |
Max Drawdown (5Y)Largest decline over 5 years | -19.64% | -20.29% | +0.65% |
Max Drawdown (10Y)Largest decline over 10 years | -19.64% | -42.30% | +22.66% |
Current DrawdownCurrent decline from peak | -2.20% | -0.64% | -1.56% |
Average DrawdownAverage peak-to-trough decline | -3.55% | -7.52% | +3.97% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.04% | 2.25% | -1.21% |
Volatility
PIOBX vs. PCGRX - Volatility Comparison
The current volatility for Pioneer Bond Fund (PIOBX) is 1.55%, while Pioneer Mid Cap Value Fund (PCGRX) has a volatility of 3.71%. This indicates that PIOBX experiences smaller price fluctuations and is considered to be less risky than PCGRX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| PIOBX | PCGRX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.55% | 3.71% | -2.16% |
Volatility (6M)Calculated over the trailing 6-month period | 3.02% | 9.70% | -6.68% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.96% | 13.49% | -9.53% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.03% | 17.61% | -11.58% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.95% | 19.53% | -14.58% |
PIOBX vs. PCGRX - Expense Ratio Comparison
PIOBX has a 0.79% expense ratio, which is lower than PCGRX's 1.05% expense ratio.
Dividends
PIOBX vs. PCGRX - Dividend Comparison
PIOBX's dividend yield for the trailing twelve months is around 3.73%, less than PCGRX's 6.27% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PCGRX Pioneer Mid Cap Value Fund | 6.27% | 7.19% | 9.50% | 6.92% | 12.41% | 14.24% | 0.71% | 1.08% | 12.40% | 8.35% | 6.59% | 10.48% |
PIOBX Pioneer Bond Fund | 3.73% | 3.78% | 3.31% | 2.46% | 1.62% | 5.71% | 4.62% | 3.02% | 3.13% | 3.01% | 2.97% | 3.05% |
Frequently Asked Questions
PIOBX and PCGRX have a correlation of 0.26, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
PCGRX has higher volatility (3.71%) compared to PIOBX (1.55%). In terms of maximum drawdown, PIOBX dropped -21.80% vs PCGRX's -53.63%.
PCGRX currently has the higher Sharpe Ratio (2.16 vs 1.30), 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.
Find the right allocation for PIOBX and PCGRX
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer