PIOTX vs. XLG
Compare and contrast key facts about Pioneer Core Equity Fund (PIOTX) and Invesco S&P 500® Top 50 ETF (XLG).
PIOTX is managed by Amundi US. It was launched on Nov 18, 1999. XLG is a passively managed fund by Invesco that tracks the performance of the Russell Top 50 Index. It was launched on May 10, 2005.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: PIOTX or XLG.
Key characteristics
| PIOTX | XLG | |
|---|---|---|
| YTD Return | 15.17% | 32.88% |
| 1Y Return | 24.60% | 43.26% |
| 3Y Return (Ann) | -4.19% | 12.44% |
| 5Y Return (Ann) | 4.26% | 18.85% |
| 10Y Return (Ann) | 4.25% | 15.20% |
| Sharpe Ratio | 1.95 | 2.84 |
| Sortino Ratio | 2.65 | 3.69 |
| Omega Ratio | 1.35 | 1.52 |
| Calmar Ratio | 0.79 | 3.71 |
| Martin Ratio | 11.71 | 15.46 |
| Ulcer Index | 2.01% | 2.72% |
| Daily Std Dev | 12.09% | 14.80% |
| Max Drawdown | -72.06% | -52.39% |
| Current Drawdown | -12.40% | 0.00% |
Correlation
The correlation between PIOTX and XLG is 0.91, 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. XLG - Performance Comparison
In the year-to-date period, PIOTX achieves a 15.17% return, which is significantly lower than XLG's 32.88% return. Over the past 10 years, PIOTX has underperformed XLG with an annualized return of 4.25%, while XLG has yielded a comparatively higher 15.20% 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. XLG - Expense Ratio Comparison
PIOTX has a 0.88% expense ratio, which is higher than XLG's 0.20% expense ratio.
Risk-Adjusted Performance
PIOTX vs. XLG - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Pioneer Core Equity Fund (PIOTX) and Invesco S&P 500® Top 50 ETF (XLG). 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. XLG - Dividend Comparison
PIOTX's dividend yield for the trailing twelve months is around 0.90%, more than XLG's 0.72% 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% |
XLG Invesco S&P 500® Top 50 ETF | 0.72% | 0.97% | 1.34% | 0.94% | 1.25% | 1.58% | 2.00% | 1.85% | 2.00% | 2.09% | 1.97% | 1.97% |
Drawdowns
PIOTX vs. XLG - Drawdown Comparison
The maximum PIOTX drawdown since its inception was -72.06%, which is greater than XLG's maximum drawdown of -52.39%. Use the drawdown chart below to compare losses from any high point for PIOTX and XLG. For additional features, visit the drawdowns tool.
Volatility
PIOTX vs. XLG - Volatility Comparison
The current volatility for Pioneer Core Equity Fund (PIOTX) is 3.59%, while Invesco S&P 500® Top 50 ETF (XLG) has a volatility of 4.66%. This indicates that PIOTX experiences smaller price fluctuations and is considered to be less risky than XLG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.