PMAIX vs. CAIBX
Compare and contrast key facts about Pioneer Multi-Asset Income Fund A (PMAIX) and American Funds Capital Income Builder Class A (CAIBX).
PMAIX is managed by Amundi. It was launched on Dec 22, 2011. CAIBX is managed by American Funds. It was launched on Jul 30, 1987.
Performance
PMAIX vs. CAIBX - Performance Comparison
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PMAIX vs. CAIBX - 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% |
CAIBX American Funds Capital Income Builder Class A | 0.14% | 20.39% | 10.24% | 8.95% | -7.14% | 14.99% | 3.20% | 17.23% | -7.28% | 13.99% |
Returns By Period
In the year-to-date period, PMAIX achieves a 0.80% return, which is significantly higher than CAIBX's 0.14% return. Over the past 10 years, PMAIX has outperformed CAIBX with an annualized return of 8.45%, while CAIBX has yielded a comparatively lower 7.38% 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%
CAIBX
- 1D
- 0.24%
- 1M
- -6.25%
- YTD
- 0.14%
- 6M
- 3.24%
- 1Y
- 14.72%
- 3Y*
- 12.37%
- 5Y*
- 8.06%
- 10Y*
- 7.38%
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PMAIX vs. CAIBX - Expense Ratio Comparison
PMAIX has a 0.85% expense ratio, which is higher than CAIBX's 0.59% expense ratio.
Return for Risk
PMAIX vs. CAIBX — Risk / Return Rank
PMAIX
CAIBX
PMAIX vs. CAIBX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Pioneer Multi-Asset Income Fund A (PMAIX) and American Funds Capital Income Builder Class A (CAIBX). 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 | CAIBX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 2.39 | 1.50 | +0.89 |
Sortino ratioReturn per unit of downside risk | 3.02 | 2.04 | +0.99 |
Omega ratioGain probability vs. loss probability | 1.51 | 1.31 | +0.20 |
Calmar ratioReturn relative to maximum drawdown | 2.32 | 1.74 | +0.58 |
Martin ratioReturn relative to average drawdown | 10.88 | 8.07 | +2.81 |
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 | CAIBX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.39 | 1.50 | +0.89 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.11 | 0.82 | +0.29 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 1.12 | 0.68 | +0.44 |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.12 | 0.91 | +0.21 |
Correlation
The correlation between PMAIX and CAIBX is 0.71, 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
PMAIX vs. CAIBX - Dividend Comparison
PMAIX's dividend yield for the trailing twelve months is around 5.82%, less than CAIBX's 7.77% 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% |
CAIBX American Funds Capital Income Builder Class A | 7.77% | 7.71% | 5.76% | 3.47% | 3.43% | 3.14% | 3.38% | 4.10% | 3.55% | 4.44% | 3.52% | 3.62% |
Drawdowns
PMAIX vs. CAIBX - Drawdown Comparison
The maximum PMAIX drawdown since its inception was -24.12%, smaller than the maximum CAIBX drawdown of -43.68%. Use the drawdown chart below to compare losses from any high point for PMAIX and CAIBX.
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Drawdown Indicators
| PMAIX | CAIBX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -24.12% | -43.68% | +19.56% |
Max Drawdown (1Y)Largest decline over 1 year | -7.06% | -8.37% | +1.31% |
Max Drawdown (5Y)Largest decline over 5 years | -13.97% | -17.65% | +3.68% |
Max Drawdown (10Y)Largest decline over 10 years | -24.12% | -25.28% | +1.16% |
Current DrawdownCurrent decline from peak | -3.62% | -6.25% | +2.63% |
Average DrawdownAverage peak-to-trough decline | -2.68% | -3.82% | +1.14% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.51% | 1.80% | -0.29% |
Volatility
PMAIX vs. CAIBX - Volatility Comparison
The current volatility for Pioneer Multi-Asset Income Fund A (PMAIX) is 2.19%, while American Funds Capital Income Builder Class A (CAIBX) has a volatility of 3.30%. This indicates that PMAIX experiences smaller price fluctuations and is considered to be less risky than CAIBX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PMAIX | CAIBX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.19% | 3.30% | -1.11% |
Volatility (6M)Calculated over the trailing 6-month period | 4.15% | 5.94% | -1.79% |
Volatility (1Y)Calculated over the trailing 1-year period | 7.19% | 10.10% | -2.91% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.20% | 9.93% | -2.73% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.58% | 10.86% | -3.28% |