PMAIX vs. BOND
Compare and contrast key facts about Pioneer Multi-Asset Income Fund A (PMAIX) and PIMCO Active Bond ETF (BOND).
PMAIX is managed by Amundi. It was launched on Dec 22, 2011. BOND is an actively managed fund by PIMCO. It was launched on Mar 1, 2012.
Performance
PMAIX vs. BOND - Performance Comparison
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PMAIX vs. BOND - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
PMAIX Pioneer Multi-Asset Income Fund A | 0.80% | 23.03% | 6.09% | 7.32% | -0.79% | 12.00% | 5.35% | 10.88% | -6.10% | 17.97% |
BOND PIMCO Active Bond ETF | -0.02% | 8.39% | 2.77% | 6.48% | -14.57% | -0.77% | 7.80% | 8.54% | 0.08% | 4.76% |
Returns By Period
In the year-to-date period, PMAIX achieves a 0.80% return, which is significantly higher than BOND's -0.02% return. Over the past 10 years, PMAIX has outperformed BOND with an annualized return of 8.45%, while BOND has yielded a comparatively lower 2.24% annualized return.
PMAIX
- 1D
- 0.15%
- 1M
- -3.62%
- YTD
- 0.80%
- 6M
- 4.12%
- 1Y
- 16.77%
- 3Y*
- 11.84%
- 5Y*
- 7.92%
- 10Y*
- 8.45%
BOND
- 1D
- 0.25%
- 1M
- -2.06%
- YTD
- -0.02%
- 6M
- 1.43%
- 1Y
- 5.07%
- 3Y*
- 4.76%
- 5Y*
- 0.62%
- 10Y*
- 2.24%
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PMAIX vs. BOND - Expense Ratio Comparison
PMAIX has a 0.85% expense ratio, which is higher than BOND's 0.54% expense ratio.
Return for Risk
PMAIX vs. BOND — Risk / Return Rank
PMAIX
BOND
PMAIX vs. BOND - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Pioneer Multi-Asset Income Fund A (PMAIX) and PIMCO Active Bond ETF (BOND). 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.
| PMAIX | BOND | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 2.39 | 1.08 | +1.31 |
Sortino ratioReturn per unit of downside risk | 3.02 | 1.51 | +1.51 |
Omega ratioGain probability vs. loss probability | 1.51 | 1.20 | +0.31 |
Calmar ratioReturn relative to maximum drawdown | 2.32 | 1.58 | +0.74 |
Martin ratioReturn relative to average drawdown | 10.88 | 4.65 | +6.23 |
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
| PMAIX | BOND | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.39 | 1.08 | +1.31 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.11 | 0.11 | +1.00 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 1.12 | 0.44 | +0.67 |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.12 | 0.63 | +0.48 |
Correlation
The correlation between PMAIX and BOND is 0.01, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Dividends
PMAIX vs. BOND - Dividend Comparison
PMAIX's dividend yield for the trailing twelve months is around 5.82%, more than BOND's 5.18% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PMAIX Pioneer Multi-Asset Income Fund A | 5.82% | 6.29% | 5.30% | 5.14% | 4.53% | 5.50% | 5.39% | 5.78% | 5.83% | 6.69% | 5.53% | 5.92% |
BOND PIMCO Active Bond ETF | 5.18% | 5.11% | 5.02% | 4.06% | 3.44% | 2.58% | 2.66% | 3.38% | 3.18% | 2.87% | 2.85% | 4.14% |
Drawdowns
PMAIX vs. BOND - Drawdown Comparison
The maximum PMAIX drawdown since its inception was -24.12%, which is greater than BOND's maximum drawdown of -19.71%. Use the drawdown chart below to compare losses from any high point for PMAIX and BOND.
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Drawdown Indicators
| PMAIX | BOND | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -24.12% | -19.71% | -4.41% |
Max Drawdown (1Y)Largest decline over 1 year | -7.06% | -3.29% | -3.77% |
Max Drawdown (5Y)Largest decline over 5 years | -13.97% | -19.71% | +5.74% |
Max Drawdown (10Y)Largest decline over 10 years | -24.12% | -19.71% | -4.41% |
Current DrawdownCurrent decline from peak | -3.62% | -2.06% | -1.56% |
Average DrawdownAverage peak-to-trough decline | -2.68% | -3.53% | +0.85% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.51% | 1.12% | +0.39% |
Volatility
PMAIX vs. BOND - Volatility Comparison
Pioneer Multi-Asset Income Fund A (PMAIX) has a higher volatility of 2.19% compared to PIMCO Active Bond ETF (BOND) at 1.82%. This indicates that PMAIX's price experiences larger fluctuations and is considered to be riskier than BOND based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PMAIX | BOND | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.19% | 1.82% | +0.37% |
Volatility (6M)Calculated over the trailing 6-month period | 4.15% | 2.70% | +1.45% |
Volatility (1Y)Calculated over the trailing 1-year period | 7.19% | 4.72% | +2.47% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.20% | 5.73% | +1.47% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.58% | 5.07% | +2.51% |