Correlation
The correlation between PIYFX and BAICX is 0.49, 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.
PIYFX vs. BAICX
Compare and contrast key facts about Invesco Multi-Asset Income Fund (PIYFX) and BlackRock Multi-Asset Income Portfolio (BAICX).
PIYFX is managed by Invesco. It was launched on Dec 13, 2011. BAICX is managed by Blackrock. It was launched on Apr 7, 2008.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: PIYFX or BAICX.
Performance
PIYFX vs. BAICX - Performance Comparison
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Key characteristics
PIYFX:
0.78
BAICX:
1.50
PIYFX:
1.11
BAICX:
2.01
PIYFX:
1.16
BAICX:
1.29
PIYFX:
0.82
BAICX:
1.58
PIYFX:
3.46
BAICX:
6.48
PIYFX:
1.73%
BAICX:
1.39%
PIYFX:
8.05%
BAICX:
6.35%
PIYFX:
-30.38%
BAICX:
-33.29%
PIYFX:
-0.71%
BAICX:
-0.10%
Returns By Period
In the year-to-date period, PIYFX achieves a 2.34% return, which is significantly lower than BAICX's 3.70% return. Over the past 10 years, PIYFX has underperformed BAICX with an annualized return of 3.04%, while BAICX has yielded a comparatively higher 4.20% annualized return.
PIYFX
2.34%
1.56%
-0.22%
5.84%
3.85%
3.36%
3.04%
BAICX
3.70%
1.58%
1.43%
8.35%
5.87%
5.25%
4.20%
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PIYFX vs. BAICX - Expense Ratio Comparison
PIYFX has a 0.59% expense ratio, which is lower than BAICX's 0.81% expense ratio.
Risk-Adjusted Performance
PIYFX vs. BAICX — Risk-Adjusted Performance Rank
PIYFX
BAICX
PIYFX vs. BAICX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco Multi-Asset Income Fund (PIYFX) and BlackRock Multi-Asset Income Portfolio (BAICX). 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.
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Dividends
PIYFX vs. BAICX - Dividend Comparison
PIYFX's dividend yield for the trailing twelve months is around 6.12%, more than BAICX's 5.22% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PIYFX Invesco Multi-Asset Income Fund | 6.12% | 6.38% | 7.07% | 7.35% | 6.21% | 6.04% | 5.13% | 5.74% | 5.82% | 4.94% | 5.37% | 5.27% |
BAICX BlackRock Multi-Asset Income Portfolio | 5.22% | 5.81% | 5.54% | 5.07% | 5.18% | 4.05% | 4.69% | 5.27% | 4.59% | 4.71% | 5.35% | 5.41% |
Drawdowns
PIYFX vs. BAICX - Drawdown Comparison
The maximum PIYFX drawdown since its inception was -30.38%, smaller than the maximum BAICX drawdown of -33.29%. Use the drawdown chart below to compare losses from any high point for PIYFX and BAICX.
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Volatility
PIYFX vs. BAICX - Volatility Comparison
Invesco Multi-Asset Income Fund (PIYFX) has a higher volatility of 1.94% compared to BlackRock Multi-Asset Income Portfolio (BAICX) at 1.52%. This indicates that PIYFX's price experiences larger fluctuations and is considered to be riskier than BAICX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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