PIOTX vs. URTH
PIOTX (Pioneer Core Equity Fund) and URTH (iShares MSCI World ETF) are both funds - PIOTX is a Large Cap Blend Equities fund managed by Amundi, while URTH is a Global Equities fund tracking the MSCI World Index (Net). Over the past 10 years, PIOTX returned 13.62%/yr vs 13.61%/yr for URTH. Their correlation of 0.83 suggests significant overlap in exposure. PIOTX charges 0.88%/yr vs 0.24%/yr for URTH.
Performance
PIOTX vs. URTH - Performance Comparison
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Returns By Period
In the year-to-date period, PIOTX achieves a 8.66% return, which is significantly lower than URTH's 9.66% return. Both investments have delivered pretty close results over the past 10 years, with PIOTX having a 13.62% annualized return and URTH not far behind at 13.61%.
PIOTX
- 1D
- 0.15%
- 1M
- -0.11%
- YTD
- 8.66%
- 6M
- 8.01%
- 1Y
- 22.80%
- 3Y*
- 15.48%
- 5Y*
- 9.92%
- 10Y*
- 13.62%
URTH
- 1D
- -0.18%
- 1M
- 0.58%
- YTD
- 9.66%
- 6M
- 9.36%
- 1Y
- 25.98%
- 3Y*
- 20.26%
- 5Y*
- 11.79%
- 10Y*
- 13.61%
PIOTX vs. URTH - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
PIOTX Pioneer Core Equity Fund | 8.66% | 16.94% | 14.35% | 18.18% | -17.27% | 25.81% | 20.98% | 31.42% | -8.32% | 24.89% |
URTH iShares MSCI World ETF | 9.66% | 21.36% | 18.66% | 23.95% | -17.97% | 22.27% | 15.78% | 28.15% | -8.56% | 22.95% |
Correlation
The correlation between PIOTX and URTH is 0.81, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.81 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.88 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.92 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.93 |
Correlation (All Time) Calculated using the full available price history since Jan 12, 2012 | 0.83 |
The correlation between PIOTX and URTH shifts across timeframes, from 0.81 (1 year) to 0.93 (10 years), reflecting how their relationship changes across market environments.
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Return for Risk
PIOTX vs. URTH — Risk / Return Rank
PIOTX
URTH
PIOTX vs. URTH - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Pioneer Core Equity Fund (PIOTX) and iShares MSCI World ETF (URTH). 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.
| PIOTX | URTH | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.21 | ||
| Sortino ratioReturn per unit of downside risk | -0.31 | ||
| Omega ratioGain probability vs. loss probability | 1.33 | 1.37 | -0.04 |
| Calmar ratioReturn relative to maximum drawdown | 2.74 | 2.88 | -0.14 |
| Martin ratioReturn relative to average drawdown | 9.08 | 12.77 | -3.69 |
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Drawdowns
PIOTX vs. URTH - Drawdown Comparison
The maximum PIOTX drawdown since its inception was -66.24%, which is greater than URTH's maximum drawdown of -34.01%. Use the drawdown chart below to compare losses from any high point for PIOTX and URTH.
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Drawdown Indicators
| PIOTX | URTH | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -66.24% | -34.01% | -32.23% |
Max Drawdown (1Y)Largest decline over 1 year | -8.35% | -9.06% | +0.71% |
Max Drawdown (3Y)Largest decline over 3 years | -20.40% | -16.94% | -3.46% |
Max Drawdown (5Y)Largest decline over 5 years | -26.49% | -26.05% | -0.44% |
Max Drawdown (10Y)Largest decline over 10 years | -31.79% | -34.01% | +2.22% |
Current DrawdownCurrent decline from peak | -2.72% | -1.19% | -1.53% |
Average DrawdownAverage peak-to-trough decline | -20.12% | -4.36% | -15.76% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.52% | 2.04% | +0.48% |
Volatility
PIOTX vs. URTH - Volatility Comparison
Pioneer Core Equity Fund (PIOTX) and iShares MSCI World ETF (URTH) have volatilities of 4.31% and 4.47%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PIOTX | URTH | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.31% | 4.47% | -0.16% |
Volatility (6M)Calculated over the trailing 6-month period | 8.85% | 10.16% | -1.31% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.26% | 12.59% | -0.33% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.97% | 16.26% | +0.71% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.00% | 17.29% | +0.71% |
PIOTX vs. URTH - Expense Ratio Comparison
PIOTX has a 0.88% expense ratio, which is higher than URTH's 0.24% expense ratio.
Dividends
PIOTX vs. URTH - Dividend Comparison
PIOTX's dividend yield for the trailing twelve months is around 6.93%, more than URTH's 1.40% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PIOTX Pioneer Core Equity Fund | 6.93% | 7.53% | 5.87% | 2.83% | 7.10% | 20.38% | 8.56% | 3.06% | 19.73% | 9.04% | 1.13% | 0.74% |
URTH iShares MSCI World ETF | 1.40% | 1.48% | 1.47% | 1.70% | 1.68% | 1.50% | 1.52% | 2.16% | 2.30% | 1.88% | 2.15% | 2.35% |
Frequently Asked Questions
PIOTX and URTH have a correlation of 0.81, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
URTH has higher volatility (4.47%) compared to PIOTX (4.31%). In terms of maximum drawdown, PIOTX dropped -66.24% vs URTH's -34.01%.
URTH currently has the higher Sharpe Ratio (2.08 vs 1.87), 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.
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