PMAIX vs. FRGAX
Compare and contrast key facts about Pioneer Multi-Asset Income Fund A (PMAIX) and Fidelity 70% Allocation Fund (FRGAX).
PMAIX is managed by Amundi. It was launched on Dec 22, 2011. FRGAX is an actively managed fund by Fidelity. It was launched on Jan 1, 2022.
Performance
PMAIX vs. FRGAX - Performance Comparison
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PMAIX vs. FRGAX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
PMAIX Pioneer Multi-Asset Income Fund A | 0.80% | 23.03% | 6.09% | 7.32% | 1.05% |
FRGAX Fidelity 70% Allocation Fund | -3.53% | 17.10% | 12.91% | 17.57% | -1.63% |
Returns By Period
In the year-to-date period, PMAIX achieves a 0.80% return, which is significantly higher than FRGAX's -3.53% 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%
FRGAX
- 1D
- -0.17%
- 1M
- -6.67%
- YTD
- -3.53%
- 6M
- -1.21%
- 1Y
- 13.49%
- 3Y*
- 12.30%
- 5Y*
- —
- 10Y*
- —
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PMAIX vs. FRGAX - Expense Ratio Comparison
PMAIX has a 0.85% expense ratio, which is higher than FRGAX's 0.02% expense ratio.
Return for Risk
PMAIX vs. FRGAX — Risk / Return Rank
PMAIX
FRGAX
PMAIX vs. FRGAX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Pioneer Multi-Asset Income Fund A (PMAIX) and Fidelity 70% Allocation Fund (FRGAX). 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 | FRGAX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 2.39 | 1.15 | +1.24 |
Sortino ratioReturn per unit of downside risk | 3.02 | 1.67 | +1.35 |
Omega ratioGain probability vs. loss probability | 1.51 | 1.25 | +0.26 |
Calmar ratioReturn relative to maximum drawdown | 2.32 | 1.41 | +0.91 |
Martin ratioReturn relative to average drawdown | 10.88 | 6.55 | +4.33 |
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 | FRGAX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.39 | 1.15 | +1.24 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.11 | — | — |
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 | 1.21 | -0.09 |
Correlation
The correlation between PMAIX and FRGAX is 0.57, 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. FRGAX - Dividend Comparison
PMAIX's dividend yield for the trailing twelve months is around 5.82%, more than FRGAX's 2.08% 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% |
FRGAX Fidelity 70% Allocation Fund | 2.08% | 2.00% | 2.01% | 1.77% | 1.71% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
PMAIX vs. FRGAX - Drawdown Comparison
The maximum PMAIX drawdown since its inception was -24.12%, which is greater than FRGAX's maximum drawdown of -11.77%. Use the drawdown chart below to compare losses from any high point for PMAIX and FRGAX.
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Drawdown Indicators
| PMAIX | FRGAX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -24.12% | -11.77% | -12.35% |
Max Drawdown (1Y)Largest decline over 1 year | -7.06% | -8.53% | +1.47% |
Max Drawdown (5Y)Largest decline over 5 years | -13.97% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -24.12% | — | — |
Current DrawdownCurrent decline from peak | -3.62% | -7.03% | +3.41% |
Average DrawdownAverage peak-to-trough decline | -2.68% | -1.62% | -1.06% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.51% | 1.87% | -0.36% |
Volatility
PMAIX vs. FRGAX - Volatility Comparison
The current volatility for Pioneer Multi-Asset Income Fund A (PMAIX) is 2.19%, while Fidelity 70% Allocation Fund (FRGAX) has a volatility of 3.78%. This indicates that PMAIX experiences smaller price fluctuations and is considered to be less risky than FRGAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PMAIX | FRGAX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.19% | 3.78% | -1.59% |
Volatility (6M)Calculated over the trailing 6-month period | 4.15% | 6.72% | -2.57% |
Volatility (1Y)Calculated over the trailing 1-year period | 7.19% | 11.92% | -4.73% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.20% | 10.27% | -3.07% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.58% | 10.27% | -2.69% |