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 US. It was launched on Dec 22, 2011. BOND is an actively managed fund by PIMCO. It was launched on Mar 1, 2012.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: PMAIX or BOND.
Key characteristics
| PMAIX | BOND | |
|---|---|---|
| YTD Return | 3.41% | -1.53% |
| 1Y Return | 11.65% | 1.31% |
| 3Y Return (Ann) | 4.98% | -3.07% |
| 5Y Return (Ann) | 6.71% | 0.23% |
| 10Y Return (Ann) | 5.63% | 1.71% |
| Sharpe Ratio | 2.06 | 0.28 |
| Daily Std Dev | 5.50% | 6.27% |
| Max Drawdown | -24.12% | -19.71% |
| Current Drawdown | -1.12% | -10.99% |
Correlation
The correlation between PMAIX and BOND is -0.03. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.
Performance
PMAIX vs. BOND - Performance Comparison
In the year-to-date period, PMAIX achieves a 3.41% return, which is significantly higher than BOND's -1.53% return. Over the past 10 years, PMAIX has outperformed BOND with an annualized return of 5.63%, while BOND has yielded a comparatively lower 1.71% 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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PMAIX vs. BOND - Expense Ratio Comparison
PMAIX has a 0.85% expense ratio, which is higher than BOND's 0.57% expense ratio.
Risk-Adjusted Performance
PMAIX vs. BOND - Risk-Adjusted Performance 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.
Dividends
PMAIX vs. BOND - Dividend Comparison
PMAIX's dividend yield for the trailing twelve months is around 6.39%, more than BOND's 5.25% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PMAIX Pioneer Multi-Asset Income Fund A | 6.39% | 6.61% | 5.71% | 5.36% | 5.39% | 5.77% | 5.80% | 6.66% | 5.53% | 5.92% | 6.24% | 5.36% |
BOND PIMCO Active Bond ETF | 5.25% | 4.78% | 3.44% | 2.58% | 2.66% | 3.38% | 3.47% | 2.87% | 2.85% | 4.14% | 4.13% | 2.82% |
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. For additional features, visit the drawdowns tool.
Volatility
PMAIX vs. BOND - Volatility Comparison
The current volatility for Pioneer Multi-Asset Income Fund A (PMAIX) is 1.58%, while PIMCO Active Bond ETF (BOND) has a volatility of 1.97%. This indicates that PMAIX experiences smaller price fluctuations and is considered to be less risky than BOND based on this measure. The chart below showcases a comparison of their rolling one-month volatility.