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. It was launched on Nov 18, 1999. XLG is a passively managed fund by Invesco that tracks the performance of the S&P 500 Top 50 Index. It was launched on May 4, 2005.
Performance
PIOTX vs. XLG - Performance Comparison
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PIOTX vs. XLG - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
PIOTX Pioneer Core Equity Fund | -0.70% | 16.94% | 14.35% | 18.18% | -17.27% | 25.81% | 20.98% | 31.42% | -8.32% | 24.89% |
XLG Invesco S&P 500 Top 50 ETF | -7.18% | 19.51% | 33.49% | 38.16% | -24.29% | 30.77% | 24.15% | 32.04% | -3.59% | 23.04% |
Returns By Period
In the year-to-date period, PIOTX achieves a -0.70% return, which is significantly higher than XLG's -7.18% return. Over the past 10 years, PIOTX has underperformed XLG with an annualized return of 12.48%, while XLG has yielded a comparatively higher 15.72% annualized return.
PIOTX
- 1D
- 1.85%
- 1M
- -3.39%
- YTD
- -0.70%
- 6M
- 3.91%
- 1Y
- 20.09%
- 3Y*
- 14.36%
- 5Y*
- 8.65%
- 10Y*
- 12.48%
XLG
- 1D
- 0.70%
- 1M
- -3.74%
- YTD
- -7.18%
- 6M
- -4.55%
- 1Y
- 19.62%
- 3Y*
- 21.92%
- 5Y*
- 13.96%
- 10Y*
- 15.72%
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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.
Return for Risk
PIOTX vs. XLG — Risk / Return Rank
PIOTX
XLG
PIOTX vs. XLG - Risk-Adjusted Trends 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.
| PIOTX | XLG | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.09 | 0.99 | +0.10 |
Sortino ratioReturn per unit of downside risk | 1.61 | 1.54 | +0.07 |
Omega ratioGain probability vs. loss probability | 1.25 | 1.22 | +0.03 |
Calmar ratioReturn relative to maximum drawdown | 1.61 | 1.63 | -0.02 |
Martin ratioReturn relative to average drawdown | 6.80 | 5.71 | +1.09 |
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 | XLG | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.09 | 0.99 | +0.10 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.51 | 0.75 | -0.24 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.70 | 0.84 | -0.14 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.13 | 0.59 | -0.46 |
Correlation
The correlation between PIOTX and XLG is 0.89, 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. XLG - Dividend Comparison
PIOTX's dividend yield for the trailing twelve months is around 7.59%, more than XLG's 0.70% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PIOTX Pioneer Core Equity Fund | 7.59% | 7.53% | 5.87% | 2.83% | 7.10% | 20.38% | 8.56% | 3.06% | 19.73% | 9.04% | 1.13% | 0.74% |
XLG Invesco S&P 500 Top 50 ETF | 0.70% | 0.64% | 0.72% | 0.97% | 1.34% | 0.94% | 1.25% | 1.58% | 2.00% | 1.85% | 2.00% | 2.09% |
Drawdowns
PIOTX vs. XLG - Drawdown Comparison
The maximum PIOTX drawdown since its inception was -66.24%, 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.
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Drawdown Indicators
| PIOTX | XLG | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -66.24% | -52.39% | -13.85% |
Max Drawdown (1Y)Largest decline over 1 year | -12.86% | -12.41% | -0.45% |
Max Drawdown (5Y)Largest decline over 5 years | -26.49% | -28.02% | +1.53% |
Max Drawdown (10Y)Largest decline over 10 years | -31.79% | -30.46% | -1.33% |
Current DrawdownCurrent decline from peak | -6.46% | -8.93% | +2.47% |
Average DrawdownAverage peak-to-trough decline | -20.26% | -7.69% | -12.57% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.05% | 3.54% | -0.49% |
Volatility
PIOTX vs. XLG - Volatility Comparison
The current volatility for Pioneer Core Equity Fund (PIOTX) is 3.74%, while Invesco S&P 500 Top 50 ETF (XLG) has a volatility of 5.82%. 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.
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Volatility by Period
| PIOTX | XLG | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.74% | 5.82% | -2.08% |
Volatility (6M)Calculated over the trailing 6-month period | 9.41% | 10.65% | -1.24% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.72% | 19.97% | -1.25% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.93% | 18.68% | -1.75% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.97% | 18.81% | -0.84% |