PMAIX vs. FMSDX
Compare and contrast key facts about Pioneer Multi-Asset Income Fund A (PMAIX) and Fidelity Multi-Asset Income Fund (FMSDX).
PMAIX is managed by Amundi. It was launched on Dec 22, 2011. FMSDX is managed by Fidelity. It was launched on Sep 9, 2015.
Performance
PMAIX vs. FMSDX - Performance Comparison
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PMAIX vs. FMSDX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
PMAIX Pioneer Multi-Asset Income Fund A | 0.80% | 23.03% | 6.09% | 7.32% | -0.79% | 12.00% | 5.35% | 10.88% | -7.19% |
FMSDX Fidelity Multi-Asset Income Fund | 0.32% | 14.10% | 9.95% | 11.75% | -13.67% | 17.27% | 14.56% | 23.14% | -0.91% |
Returns By Period
In the year-to-date period, PMAIX achieves a 0.80% return, which is significantly higher than FMSDX's 0.32% 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%
FMSDX
- 1D
- -0.39%
- 1M
- -6.19%
- YTD
- 0.32%
- 6M
- 0.22%
- 1Y
- 16.81%
- 3Y*
- 9.80%
- 5Y*
- 5.96%
- 10Y*
- —
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PMAIX vs. FMSDX - Expense Ratio Comparison
PMAIX has a 0.85% expense ratio, which is higher than FMSDX's 0.78% expense ratio.
Return for Risk
PMAIX vs. FMSDX — Risk / Return Rank
PMAIX
FMSDX
PMAIX vs. FMSDX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Pioneer Multi-Asset Income Fund A (PMAIX) and Fidelity Multi-Asset Income Fund (FMSDX). 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 | FMSDX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 2.39 | 1.46 | +0.93 |
Sortino ratioReturn per unit of downside risk | 3.02 | 1.99 | +1.03 |
Omega ratioGain probability vs. loss probability | 1.51 | 1.28 | +0.22 |
Calmar ratioReturn relative to maximum drawdown | 2.32 | 2.06 | +0.26 |
Martin ratioReturn relative to average drawdown | 10.88 | 7.80 | +3.08 |
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 | FMSDX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.39 | 1.46 | +0.93 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.11 | 0.61 | +0.49 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 1.12 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.12 | 0.84 | +0.28 |
Correlation
The correlation between PMAIX and FMSDX is 0.62, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Dividends
PMAIX vs. FMSDX - Dividend Comparison
PMAIX's dividend yield for the trailing twelve months is around 5.82%, more than FMSDX's 3.53% 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% |
FMSDX Fidelity Multi-Asset Income Fund | 3.53% | 3.81% | 3.84% | 4.23% | 3.74% | 2.81% | 1.79% | 2.82% | 4.36% | 0.00% | 0.00% | 0.00% |
Drawdowns
PMAIX vs. FMSDX - Drawdown Comparison
The maximum PMAIX drawdown since its inception was -24.12%, which is greater than FMSDX's maximum drawdown of -21.64%. Use the drawdown chart below to compare losses from any high point for PMAIX and FMSDX.
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Drawdown Indicators
| PMAIX | FMSDX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -24.12% | -21.64% | -2.48% |
Max Drawdown (1Y)Largest decline over 1 year | -7.06% | -7.94% | +0.88% |
Max Drawdown (5Y)Largest decline over 5 years | -13.97% | -18.12% | +4.15% |
Max Drawdown (10Y)Largest decline over 10 years | -24.12% | — | — |
Current DrawdownCurrent decline from peak | -3.62% | -6.47% | +2.85% |
Average DrawdownAverage peak-to-trough decline | -2.68% | -3.87% | +1.19% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.51% | 2.09% | -0.58% |
Volatility
PMAIX vs. FMSDX - Volatility Comparison
The current volatility for Pioneer Multi-Asset Income Fund A (PMAIX) is 2.19%, while Fidelity Multi-Asset Income Fund (FMSDX) has a volatility of 3.94%. This indicates that PMAIX experiences smaller price fluctuations and is considered to be less risky than FMSDX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PMAIX | FMSDX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.19% | 3.94% | -1.75% |
Volatility (6M)Calculated over the trailing 6-month period | 4.15% | 8.00% | -3.85% |
Volatility (1Y)Calculated over the trailing 1-year period | 7.19% | 11.87% | -4.68% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.20% | 9.75% | -2.55% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.58% | 10.61% | -3.03% |