PIOTX vs. IVV
Compare and contrast key facts about Pioneer Core Equity Fund (PIOTX) and iShares Core S&P 500 ETF (IVV).
PIOTX is managed by Amundi. It was launched on Nov 18, 1999. IVV is a passively managed fund by iShares that tracks the performance of the S&P 500 Index. It was launched on May 15, 2000.
Performance
PIOTX vs. IVV - Performance Comparison
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PIOTX vs. IVV - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
PIOTX Pioneer Core Equity Fund | -2.50% | 16.94% | 14.35% | 18.18% | -17.27% | 25.81% | 20.98% | 31.42% | -8.32% | 24.89% |
IVV iShares Core S&P 500 ETF | -4.38% | 17.85% | 24.93% | 26.31% | -18.16% | 28.76% | 18.40% | 31.07% | -4.49% | 21.75% |
Returns By Period
In the year-to-date period, PIOTX achieves a -2.50% return, which is significantly higher than IVV's -4.38% return. Over the past 10 years, PIOTX has underperformed IVV with an annualized return of 12.27%, while IVV has yielded a comparatively higher 14.02% annualized return.
PIOTX
- 1D
- -0.13%
- 1M
- -5.30%
- YTD
- -2.50%
- 6M
- 1.98%
- 1Y
- 18.07%
- 3Y*
- 13.66%
- 5Y*
- 8.53%
- 10Y*
- 12.27%
IVV
- 1D
- 2.88%
- 1M
- -4.99%
- YTD
- -4.38%
- 6M
- -1.80%
- 1Y
- 17.69%
- 3Y*
- 18.29%
- 5Y*
- 11.76%
- 10Y*
- 14.02%
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PIOTX vs. IVV - Expense Ratio Comparison
PIOTX has a 0.88% expense ratio, which is higher than IVV's 0.03% expense ratio.
Return for Risk
PIOTX vs. IVV — Risk / Return Rank
PIOTX
IVV
PIOTX vs. IVV - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Pioneer Core Equity Fund (PIOTX) and iShares Core S&P 500 ETF (IVV). 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.
| PIOTX | IVV | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.00 | 0.97 | +0.03 |
Sortino ratioReturn per unit of downside risk | 1.49 | 1.49 | 0.00 |
Omega ratioGain probability vs. loss probability | 1.23 | 1.23 | 0.00 |
Calmar ratioReturn relative to maximum drawdown | 1.23 | 1.53 | -0.31 |
Martin ratioReturn relative to average drawdown | 5.22 | 7.32 | -2.10 |
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
| PIOTX | IVV | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.00 | 0.97 | +0.03 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.51 | 0.70 | -0.19 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.69 | 0.78 | -0.09 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.13 | 0.42 | -0.29 |
Correlation
The correlation between PIOTX and IVV is 0.94, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Dividends
PIOTX vs. IVV - Dividend Comparison
PIOTX's dividend yield for the trailing twelve months is around 7.73%, more than IVV's 1.23% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PIOTX Pioneer Core Equity Fund | 7.73% | 7.53% | 5.87% | 2.83% | 7.10% | 20.38% | 8.56% | 3.06% | 19.73% | 9.04% | 1.13% | 0.74% |
IVV iShares Core S&P 500 ETF | 1.23% | 1.17% | 1.30% | 1.44% | 1.66% | 1.20% | 1.57% | 1.85% | 2.21% | 1.75% | 2.01% | 2.27% |
Drawdowns
PIOTX vs. IVV - Drawdown Comparison
The maximum PIOTX drawdown since its inception was -66.24%, which is greater than IVV's maximum drawdown of -55.25%. Use the drawdown chart below to compare losses from any high point for PIOTX and IVV.
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Drawdown Indicators
| PIOTX | IVV | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -66.24% | -55.25% | -10.99% |
Max Drawdown (1Y)Largest decline over 1 year | -12.86% | -12.06% | -0.80% |
Max Drawdown (5Y)Largest decline over 5 years | -26.49% | -24.53% | -1.96% |
Max Drawdown (10Y)Largest decline over 10 years | -31.79% | -33.90% | +2.11% |
Current DrawdownCurrent decline from peak | -8.16% | -6.26% | -1.90% |
Average DrawdownAverage peak-to-trough decline | -20.26% | -10.85% | -9.41% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.02% | 2.53% | +0.49% |
Volatility
PIOTX vs. IVV - Volatility Comparison
The current volatility for Pioneer Core Equity Fund (PIOTX) is 3.09%, while iShares Core S&P 500 ETF (IVV) has a volatility of 5.30%. This indicates that PIOTX experiences smaller price fluctuations and is considered to be less risky than IVV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PIOTX | IVV | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.09% | 5.30% | -2.21% |
Volatility (6M)Calculated over the trailing 6-month period | 9.24% | 9.45% | -0.21% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.67% | 18.31% | +0.36% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.91% | 16.89% | +0.02% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.96% | 18.04% | -0.08% |