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 US. It was launched on Dec 22, 2011. CAIBX is managed by American Funds. It was launched on Jul 30, 1987.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: PMAIX or CAIBX.
Key characteristics
| PMAIX | CAIBX | |
|---|---|---|
| YTD Return | 8.25% | 11.32% |
| 1Y Return | 12.10% | 18.82% |
| 3Y Return (Ann) | 5.87% | 4.85% |
| 5Y Return (Ann) | 7.43% | 6.57% |
| 10Y Return (Ann) | 6.18% | 5.58% |
| Sharpe Ratio | 2.36 | 2.68 |
| Sortino Ratio | 3.42 | 3.78 |
| Omega Ratio | 1.44 | 1.51 |
| Calmar Ratio | 4.41 | 3.31 |
| Martin Ratio | 13.45 | 18.26 |
| Ulcer Index | 0.90% | 1.15% |
| Daily Std Dev | 5.17% | 7.83% |
| Max Drawdown | -24.12% | -42.73% |
| Current Drawdown | -2.27% | -2.32% |
Correlation
The correlation between PMAIX and CAIBX is 0.70, 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.
Performance
PMAIX vs. CAIBX - Performance Comparison
In the year-to-date period, PMAIX achieves a 8.25% return, which is significantly lower than CAIBX's 11.32% return. Over the past 10 years, PMAIX has outperformed CAIBX with an annualized return of 6.18%, while CAIBX has yielded a comparatively lower 5.58% 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. CAIBX - Expense Ratio Comparison
PMAIX has a 0.85% expense ratio, which is higher than CAIBX's 0.59% expense ratio.
Risk-Adjusted Performance
PMAIX vs. CAIBX - Risk-Adjusted Performance 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.
Dividends
PMAIX vs. CAIBX - Dividend Comparison
PMAIX's dividend yield for the trailing twelve months is around 7.28%, more than CAIBX's 3.14% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PMAIX Pioneer Multi-Asset Income Fund A | 7.28% | 6.61% | 5.63% | 5.53% | 5.39% | 5.78% | 5.83% | 6.68% | 5.53% | 5.92% | 6.24% | 5.36% |
CAIBX American Funds Capital Income Builder Class A | 3.14% | 3.36% | 3.43% | 3.14% | 3.38% | 3.29% | 3.80% | 3.41% | 3.52% | 3.60% | 4.63% | 3.30% |
Drawdowns
PMAIX vs. CAIBX - Drawdown Comparison
The maximum PMAIX drawdown since its inception was -24.12%, smaller than the maximum CAIBX drawdown of -42.73%. Use the drawdown chart below to compare losses from any high point for PMAIX and CAIBX. For additional features, visit the drawdowns tool.
Volatility
PMAIX vs. CAIBX - Volatility Comparison
The current volatility for Pioneer Multi-Asset Income Fund A (PMAIX) is 1.09%, while American Funds Capital Income Builder Class A (CAIBX) has a volatility of 1.99%. 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.