PIYFX vs. AAAAX
Compare and contrast key facts about Invesco Multi-Asset Income Fund (PIYFX) and DWS RREEF Real Assets Fund - Class A (AAAAX).
PIYFX is managed by Invesco. It was launched on Dec 13, 2011. AAAAX is managed by DWS. It was launched on Jul 30, 2007.
Performance
PIYFX vs. AAAAX - Performance Comparison
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PIYFX vs. AAAAX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
PIYFX Invesco Multi-Asset Income Fund | -2.09% | 10.87% | 6.92% | 10.87% | -16.93% | 6.17% | -4.31% | 16.33% | -4.96% | 10.99% |
AAAAX DWS RREEF Real Assets Fund - Class A | 8.59% | 12.82% | 5.24% | 2.30% | -9.91% | 23.45% | 3.71% | 21.42% | -5.36% | 14.67% |
Returns By Period
In the year-to-date period, PIYFX achieves a -2.09% return, which is significantly lower than AAAAX's 8.59% return. Over the past 10 years, PIYFX has underperformed AAAAX with an annualized return of 3.86%, while AAAAX has yielded a comparatively higher 7.28% annualized return.
PIYFX
- 1D
- 0.26%
- 1M
- -5.25%
- YTD
- -2.09%
- 6M
- -0.23%
- 1Y
- 7.05%
- 3Y*
- 7.34%
- 5Y*
- 2.50%
- 10Y*
- 3.86%
AAAAX
- 1D
- 0.36%
- 1M
- -4.37%
- YTD
- 8.59%
- 6M
- 10.72%
- 1Y
- 16.80%
- 3Y*
- 9.80%
- 5Y*
- 6.74%
- 10Y*
- 7.28%
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PIYFX vs. AAAAX - Expense Ratio Comparison
PIYFX has a 0.59% expense ratio, which is lower than AAAAX's 1.22% expense ratio.
Return for Risk
PIYFX vs. AAAAX — Risk / Return Rank
PIYFX
AAAAX
PIYFX vs. AAAAX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco Multi-Asset Income Fund (PIYFX) and DWS RREEF Real Assets Fund - Class A (AAAAX). 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.
| PIYFX | AAAAX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.93 | 1.49 | -0.55 |
Sortino ratioReturn per unit of downside risk | 1.34 | 2.00 | -0.66 |
Omega ratioGain probability vs. loss probability | 1.20 | 1.30 | -0.10 |
Calmar ratioReturn relative to maximum drawdown | 1.10 | 1.80 | -0.69 |
Martin ratioReturn relative to average drawdown | 4.76 | 9.69 | -4.93 |
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
| PIYFX | AAAAX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.93 | 1.49 | -0.55 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.36 | 0.56 | -0.19 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.46 | 0.58 | -0.12 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.57 | 0.38 | +0.19 |
Correlation
The correlation between PIYFX and AAAAX is 0.58, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Dividends
PIYFX vs. AAAAX - Dividend Comparison
PIYFX's dividend yield for the trailing twelve months is around 6.57%, more than AAAAX's 3.26% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PIYFX Invesco Multi-Asset Income Fund | 6.57% | 6.14% | 6.90% | 7.07% | 7.35% | 6.21% | 6.04% | 5.13% | 5.74% | 5.82% | 4.94% | 5.37% |
AAAAX DWS RREEF Real Assets Fund - Class A | 3.26% | 3.54% | 2.45% | 2.08% | 4.17% | 2.31% | 1.33% | 1.81% | 1.61% | 1.52% | 1.47% | 2.15% |
Drawdowns
PIYFX vs. AAAAX - Drawdown Comparison
The maximum PIYFX drawdown since its inception was -30.39%, smaller than the maximum AAAAX drawdown of -40.47%. Use the drawdown chart below to compare losses from any high point for PIYFX and AAAAX.
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Drawdown Indicators
| PIYFX | AAAAX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -30.39% | -40.47% | +10.08% |
Max Drawdown (1Y)Largest decline over 1 year | -6.14% | -9.55% | +3.41% |
Max Drawdown (5Y)Largest decline over 5 years | -20.01% | -22.62% | +2.61% |
Max Drawdown (10Y)Largest decline over 10 years | -30.39% | -29.41% | -0.98% |
Current DrawdownCurrent decline from peak | -5.25% | -4.57% | -0.68% |
Average DrawdownAverage peak-to-trough decline | -4.12% | -6.89% | +2.77% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.43% | 1.77% | -0.34% |
Volatility
PIYFX vs. AAAAX - Volatility Comparison
Invesco Multi-Asset Income Fund (PIYFX) and DWS RREEF Real Assets Fund - Class A (AAAAX) have volatilities of 3.03% and 3.03%, 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
| PIYFX | AAAAX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.03% | 3.03% | 0.00% |
Volatility (6M)Calculated over the trailing 6-month period | 4.66% | 7.22% | -2.56% |
Volatility (1Y)Calculated over the trailing 1-year period | 7.93% | 11.60% | -3.67% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.93% | 12.18% | -5.25% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 8.49% | 12.66% | -4.17% |