PIOTX vs. URTH
Compare and contrast key facts about Pioneer Core Equity Fund (PIOTX) and iShares MSCI World ETF (URTH).
PIOTX is managed by Amundi US. It was launched on Nov 18, 1999. URTH is a passively managed fund by iShares that tracks the performance of the MSCI World Index. It was launched on Jan 10, 2012.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: PIOTX or URTH.
Key characteristics
| PIOTX | URTH | |
|---|---|---|
| YTD Return | 15.85% | 21.45% |
| 1Y Return | 23.61% | 32.60% |
| 3Y Return (Ann) | -3.98% | 7.41% |
| 5Y Return (Ann) | 4.50% | 12.76% |
| 10Y Return (Ann) | 4.31% | 10.38% |
| Sharpe Ratio | 2.10 | 2.90 |
| Sortino Ratio | 2.83 | 3.91 |
| Omega Ratio | 1.38 | 1.53 |
| Calmar Ratio | 0.88 | 4.16 |
| Martin Ratio | 12.58 | 18.62 |
| Ulcer Index | 2.01% | 1.84% |
| Daily Std Dev | 12.02% | 11.79% |
| Max Drawdown | -72.06% | -34.01% |
| Current Drawdown | -11.89% | 0.00% |
Correlation
The correlation between PIOTX and URTH is 0.82, 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.
Performance
PIOTX vs. URTH - Performance Comparison
In the year-to-date period, PIOTX achieves a 15.85% return, which is significantly lower than URTH's 21.45% return. Over the past 10 years, PIOTX has underperformed URTH with an annualized return of 4.31%, while URTH has yielded a comparatively higher 10.38% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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PIOTX vs. URTH - Expense Ratio Comparison
PIOTX has a 0.88% expense ratio, which is higher than URTH's 0.24% expense ratio.
Risk-Adjusted Performance
PIOTX vs. URTH - Risk-Adjusted Performance 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.
Dividends
PIOTX vs. URTH - Dividend Comparison
PIOTX's dividend yield for the trailing twelve months is around 0.90%, less than URTH's 1.42% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PIOTX Pioneer Core Equity Fund | 0.90% | 1.04% | 0.91% | 0.49% | 0.65% | 0.74% | 0.89% | 0.79% | 1.13% | 0.74% | 0.94% | 0.60% |
URTH iShares MSCI World ETF | 1.42% | 1.70% | 1.68% | 1.50% | 1.52% | 2.16% | 2.30% | 1.88% | 2.14% | 2.35% | 2.32% | 1.04% |
Drawdowns
PIOTX vs. URTH - Drawdown Comparison
The maximum PIOTX drawdown since its inception was -72.06%, 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. For additional features, visit the drawdowns tool.
Volatility
PIOTX vs. URTH - Volatility Comparison
Pioneer Core Equity Fund (PIOTX) and iShares MSCI World ETF (URTH) have volatilities of 3.53% and 3.38%, 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.