PIODX vs. PBMFX
Compare and contrast key facts about Pioneer Fund (PIODX) and Pioneer AMT Free Municipal Fund (PBMFX).
PIODX is managed by Amundi. It was launched on Feb 10, 1928. PBMFX is managed by Amundi. It was launched on Sep 29, 1996.
Performance
PIODX vs. PBMFX - Performance Comparison
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PIODX vs. PBMFX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
PIODX Pioneer Fund | -1.25% | 23.30% | 22.62% | 28.45% | -19.43% | 27.40% | 24.01% | 31.04% | -1.48% | 21.79% |
PBMFX Pioneer AMT Free Municipal Fund | -1.44% | -1.43% | 0.80% | 7.15% | -17.35% | 1.54% | 6.75% | 9.82% | 0.11% | 6.57% |
Returns By Period
In the year-to-date period, PIODX achieves a -1.25% return, which is significantly higher than PBMFX's -1.44% return. Over the past 10 years, PIODX has outperformed PBMFX with an annualized return of 15.23%, while PBMFX has yielded a comparatively lower 0.71% annualized return.
PIODX
- 1D
- 3.04%
- 1M
- -6.34%
- YTD
- -1.25%
- 6M
- 2.85%
- 1Y
- 30.24%
- 3Y*
- 22.27%
- 5Y*
- 12.78%
- 10Y*
- 15.23%
PBMFX
- 1D
- 0.50%
- 1M
- -2.90%
- YTD
- -1.44%
- 6M
- -1.29%
- 1Y
- -1.01%
- 3Y*
- 0.36%
- 5Y*
- -2.22%
- 10Y*
- 0.71%
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PIODX vs. PBMFX - Expense Ratio Comparison
PIODX has a 1.06% expense ratio, which is higher than PBMFX's 0.78% expense ratio.
Return for Risk
PIODX vs. PBMFX — Risk / Return Rank
PIODX
PBMFX
PIODX vs. PBMFX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Pioneer Fund (PIODX) and Pioneer AMT Free Municipal Fund (PBMFX). 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.
| PIODX | PBMFX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.44 | -0.06 | +1.50 |
Sortino ratioReturn per unit of downside risk | 2.08 | -0.01 | +2.09 |
Omega ratioGain probability vs. loss probability | 1.30 | 1.00 | +0.31 |
Calmar ratioReturn relative to maximum drawdown | 2.44 | 0.06 | +2.38 |
Martin ratioReturn relative to average drawdown | 10.94 | 0.12 | +10.82 |
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
| PIODX | PBMFX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.44 | -0.06 | +1.50 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.67 | -0.30 | +0.98 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.81 | 0.11 | +0.70 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.52 | 0.44 | +0.07 |
Correlation
The correlation between PIODX and PBMFX 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.
Dividends
PIODX vs. PBMFX - Dividend Comparison
PIODX's dividend yield for the trailing twelve months is around 10.15%, more than PBMFX's 4.64% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PIODX Pioneer Fund | 10.15% | 10.04% | 14.17% | 2.86% | 4.13% | 16.18% | 5.82% | 9.37% | 15.37% | 21.35% | 20.51% | 14.53% |
PBMFX Pioneer AMT Free Municipal Fund | 4.64% | 4.82% | 2.32% | 2.15% | 2.01% | 1.97% | 3.06% | 2.91% | 2.94% | 2.70% | 2.97% | 3.62% |
Drawdowns
PIODX vs. PBMFX - Drawdown Comparison
The maximum PIODX drawdown since its inception was -53.40%, which is greater than PBMFX's maximum drawdown of -24.21%. Use the drawdown chart below to compare losses from any high point for PIODX and PBMFX.
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Drawdown Indicators
| PIODX | PBMFX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -53.40% | -24.21% | -29.19% |
Max Drawdown (1Y)Largest decline over 1 year | -12.75% | -8.92% | -3.83% |
Max Drawdown (5Y)Largest decline over 5 years | -26.55% | -24.21% | -2.34% |
Max Drawdown (10Y)Largest decline over 10 years | -30.14% | -24.21% | -5.93% |
Current DrawdownCurrent decline from peak | -7.26% | -13.56% | +6.30% |
Average DrawdownAverage peak-to-trough decline | -8.62% | -4.66% | -3.96% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.84% | 4.35% | -1.51% |
Volatility
PIODX vs. PBMFX - Volatility Comparison
Pioneer Fund (PIODX) has a higher volatility of 6.29% compared to Pioneer AMT Free Municipal Fund (PBMFX) at 1.84%. This indicates that PIODX's price experiences larger fluctuations and is considered to be riskier than PBMFX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PIODX | PBMFX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.29% | 1.84% | +4.45% |
Volatility (6M)Calculated over the trailing 6-month period | 11.88% | 3.11% | +8.77% |
Volatility (1Y)Calculated over the trailing 1-year period | 21.56% | 9.79% | +11.77% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.11% | 7.36% | +11.75% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.80% | 6.61% | +12.19% |