PIOBX vs. PMAIX
Compare and contrast key facts about Pioneer Bond Fund (PIOBX) and Pioneer Multi-Asset Income Fund A (PMAIX).
PIOBX is managed by Amundi. It was launched on Oct 31, 1978. PMAIX is managed by Amundi. It was launched on Dec 22, 2011.
Performance
PIOBX vs. PMAIX - Performance Comparison
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PIOBX vs. PMAIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
PIOBX Pioneer Bond Fund | -0.56% | 8.09% | 1.22% | 5.68% | -14.96% | 0.36% | 8.51% | 8.95% | -0.87% | 4.24% |
PMAIX Pioneer Multi-Asset Income Fund A | 0.80% | 23.03% | 6.09% | 7.32% | -0.79% | 12.00% | 5.35% | 10.88% | -6.10% | 17.97% |
Returns By Period
In the year-to-date period, PIOBX achieves a -0.56% return, which is significantly lower than PMAIX's 0.80% return. Over the past 10 years, PIOBX has underperformed PMAIX with an annualized return of 2.06%, while PMAIX has yielded a comparatively higher 8.45% annualized return.
PIOBX
- 1D
- 0.48%
- 1M
- -2.43%
- YTD
- -0.56%
- 6M
- 0.43%
- 1Y
- 4.23%
- 3Y*
- 3.53%
- 5Y*
- 0.04%
- 10Y*
- 2.06%
PMAIX
- 1D
- 0.15%
- 1M
- -3.62%
- YTD
- 0.80%
- 6M
- 4.12%
- 1Y
- 16.77%
- 3Y*
- 11.84%
- 5Y*
- 7.92%
- 10Y*
- 8.45%
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PIOBX vs. PMAIX - Expense Ratio Comparison
PIOBX has a 0.79% expense ratio, which is lower than PMAIX's 0.85% expense ratio.
Return for Risk
PIOBX vs. PMAIX — Risk / Return Rank
PIOBX
PMAIX
PIOBX vs. PMAIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Pioneer Bond Fund (PIOBX) and Pioneer Multi-Asset Income Fund A (PMAIX). 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 | PMAIX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.06 | 2.39 | -1.32 |
Sortino ratioReturn per unit of downside risk | 1.53 | 3.02 | -1.49 |
Omega ratioGain probability vs. loss probability | 1.19 | 1.51 | -0.32 |
Calmar ratioReturn relative to maximum drawdown | 1.81 | 2.32 | -0.51 |
Martin ratioReturn relative to average drawdown | 5.66 | 10.88 | -5.23 |
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 | PMAIX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.06 | 2.39 | -1.32 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.01 | 1.11 | -1.10 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.42 | 1.12 | -0.70 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.72 | 1.12 | -0.39 |
Correlation
The correlation between PIOBX and PMAIX is 0.09, 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. PMAIX - Dividend Comparison
PIOBX's dividend yield for the trailing twelve months is around 3.45%, less than PMAIX's 5.82% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PIOBX Pioneer Bond Fund | 3.45% | 3.78% | 3.31% | 2.46% | 1.62% | 5.71% | 4.62% | 3.02% | 3.13% | 3.01% | 2.97% | 3.05% |
PMAIX Pioneer Multi-Asset Income Fund A | 5.82% | 6.29% | 5.30% | 5.14% | 4.53% | 5.50% | 5.39% | 5.78% | 5.83% | 6.69% | 5.53% | 5.92% |
Drawdowns
PIOBX vs. PMAIX - Drawdown Comparison
The maximum PIOBX drawdown since its inception was -21.80%, smaller than the maximum PMAIX drawdown of -24.12%. Use the drawdown chart below to compare losses from any high point for PIOBX and PMAIX.
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Drawdown Indicators
| PIOBX | PMAIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -21.80% | -24.12% | +2.32% |
Max Drawdown (1Y)Largest decline over 1 year | -2.96% | -7.06% | +4.10% |
Max Drawdown (5Y)Largest decline over 5 years | -19.64% | -13.97% | -5.67% |
Max Drawdown (10Y)Largest decline over 10 years | -19.64% | -24.12% | +4.48% |
Current DrawdownCurrent decline from peak | -3.18% | -3.62% | +0.44% |
Average DrawdownAverage peak-to-trough decline | -3.56% | -2.68% | -0.88% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.95% | 1.51% | -0.56% |
Volatility
PIOBX vs. PMAIX - Volatility Comparison
The current volatility for Pioneer Bond Fund (PIOBX) is 1.53%, while Pioneer Multi-Asset Income Fund A (PMAIX) has a volatility of 2.19%. This indicates that PIOBX experiences smaller price fluctuations and is considered to be less risky than PMAIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PIOBX | PMAIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.53% | 2.19% | -0.66% |
Volatility (6M)Calculated over the trailing 6-month period | 2.47% | 4.15% | -1.68% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.46% | 7.19% | -2.73% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.97% | 7.20% | -1.23% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.91% | 7.58% | -2.67% |