PMAIX vs. EXI
PMAIX (Pioneer Multi-Asset Income Fund A) and EXI (iShares Global Industrials ETF) are both funds - PMAIX is a Diversified Portfolio fund managed by Amundi, while EXI is a Industrials Equities fund tracking the S&P Global 1200 / Industrials -SEC. Over the past 10 years, PMAIX returned 8.48%/yr vs 12.52%/yr for EXI. Their 0.66 correlation means they have sometimes moved together and sometimes differently. PMAIX charges 0.85%/yr vs 0.43%/yr for EXI.
Performance
PMAIX vs. EXI - Performance Comparison
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Returns By Period
In the year-to-date period, PMAIX achieves a 7.43% return, which is significantly lower than EXI's 13.74% return. Over the past 10 years, PMAIX has underperformed EXI with an annualized return of 8.48%, while EXI has yielded a comparatively higher 12.52% annualized return.
PMAIX
- 1D
- 0.07%
- 1M
- 1.41%
- 6M
- 4.84%
- YTD
- 7.43%
- 1Y
- 15.50%
- 3Y*
- 12.50%
- 5Y*
- 8.89%
- 10Y*
- 8.48%
- ALL TIME*
- 8.23%
EXI
- 1D
- 0.52%
- 1M
- -1.08%
- 6M
- 6.20%
- YTD
- 13.74%
- 1Y
- 21.21%
- 3Y*
- 18.99%
- 5Y*
- 12.03%
- 10Y*
- 12.52%
- ALL TIME*
- 8.91%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $7.80M | $7.11M | $10.88M | |
| $0.00 | $0.00 | $0.00 |
PMAIX vs. EXI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
PMAIX Pioneer Multi-Asset Income Fund A | 7.43% | 23.03% | 6.09% | 7.32% | -0.79% | 12.00% | 5.35% | 10.88% | -6.10% | 17.97% |
EXI iShares Global Industrials ETF | 13.74% | 25.88% | 12.47% | 22.04% | -12.36% | 17.37% | 11.33% | 27.13% | -14.41% | 25.16% |
Correlation
The correlation between PMAIX and EXI is 0.50, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.50 |
Correlation (3Y) Balances recent behavior with more history. | 0.55 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.62 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.63 |
Correlation (All Time) Calculated using the full available price history since Dec 22, 2011 | 0.66 |
The correlation between PMAIX and EXI shifts across timeframes, from 0.50 (1 year) to 0.66 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
PMAIX vs. EXI — Risk / Return Rank
PMAIX
EXI
PMAIX vs. EXI - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Pioneer Multi-Asset Income Fund A (PMAIX) and iShares Global Industrials ETF (EXI). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| PMAIX | EXI | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.37 | ||
| Sortino ratioReturn per unit of downside risk | +2.06 | ||
| Omega ratioGain probability vs. loss probability | 1.47 | 1.21 | +0.26 |
| Calmar ratioReturn relative to maximum drawdown | 3.72 | 1.60 | +2.11 |
| Martin ratioReturn relative to average drawdown | 12.91 | 6.21 | +6.70 |
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Drawdowns
PMAIX vs. EXI - Drawdown Comparison
The maximum PMAIX drawdown since its inception was -24.12%, smaller than the maximum EXI drawdown of -62.60%. Use the drawdown chart below to compare losses from any high point for PMAIX and EXI.
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Drawdown Indicators
| PMAIX | EXI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -24.12% | -62.60% | +38.48% |
Max Drawdown (1Y)Largest decline over 1 year | -4.07% | -12.35% | +8.28% |
Max Drawdown (3Y)Largest decline over 3 years | -7.99% | -14.38% | +6.39% |
Max Drawdown (5Y)Largest decline over 5 years | -13.97% | -27.23% | +13.26% |
Max Drawdown (10Y)Largest decline over 10 years | -24.12% | -39.56% | +15.44% |
Current DrawdownCurrent decline from peak | -0.07% | -2.36% | +2.29% |
Average DrawdownAverage peak-to-trough decline | -2.64% | -9.90% | +7.26% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.17% | 3.19% | -2.02% |
Volatility
PMAIX vs. EXI - Volatility Comparison
The current volatility for Pioneer Multi-Asset Income Fund A (PMAIX) is 1.94%, while iShares Global Industrials ETF (EXI) has a volatility of 4.87%. This indicates that PMAIX experiences smaller price fluctuations and is considered to be less risky than EXI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PMAIX | EXI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.94% | 4.87% | -2.93% |
Volatility (6M)Calculated over the trailing 6-month period | 4.87% | 14.50% | -9.63% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.97% | 17.01% | -11.04% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.23% | 17.17% | -9.94% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.52% | 18.36% | -10.84% |
PMAIX vs. EXI - Expense Ratio Comparison
PMAIX has a 0.85% expense ratio, which is higher than EXI's 0.43% expense ratio.
Dividends
PMAIX vs. EXI - Dividend Comparison
PMAIX's dividend yield for the trailing twelve months is around 5.62%, more than EXI's 1.07% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EXI iShares Global Industrials ETF | 1.07% | 1.32% | 1.47% | 1.84% | 1.63% | 1.42% | 1.26% | 1.72% | 2.21% | 1.48% | 1.75% | 1.95% |
PMAIX Pioneer Multi-Asset Income Fund A | 5.62% | 6.29% | 5.30% | 5.14% | 4.53% | 5.50% | 5.39% | 5.78% | 5.83% | 6.69% | 5.53% | 5.92% |
Frequently Asked Questions
PMAIX and EXI have a correlation of 0.50, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
EXI has higher volatility (4.87%) compared to PMAIX (1.94%). In terms of maximum drawdown, PMAIX dropped -24.12% vs EXI's -62.60%.
PMAIX currently has the higher Sharpe Ratio (2.54 vs 1.16), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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