PMAIX vs. JANBX
Compare and contrast key facts about Pioneer Multi-Asset Income Fund A (PMAIX) and Janus Henderson Balanced Fund (JANBX).
PMAIX is managed by Amundi US. It was launched on Dec 22, 2011. JANBX is managed by Janus Henderson. It was launched on Aug 31, 1992.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: PMAIX or JANBX.
Key characteristics
| PMAIX | JANBX | |
|---|---|---|
| YTD Return | 3.23% | 3.15% |
| 1Y Return | 11.15% | 11.94% |
| 3Y Return (Ann) | 5.07% | 3.24% |
| 5Y Return (Ann) | 6.68% | 7.92% |
| 10Y Return (Ann) | 5.63% | 8.09% |
| Sharpe Ratio | 1.91 | 1.42 |
| Daily Std Dev | 5.53% | 8.18% |
| Max Drawdown | -24.12% | -22.49% |
| Current Drawdown | -1.30% | -4.14% |
Correlation
The correlation between PMAIX and JANBX is 0.56, 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.
Performance
PMAIX vs. JANBX - Performance Comparison
The year-to-date returns for both stocks are quite close, with PMAIX having a 3.23% return and JANBX slightly lower at 3.15%. Over the past 10 years, PMAIX has underperformed JANBX with an annualized return of 5.63%, while JANBX has yielded a comparatively higher 8.09% 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. JANBX - Expense Ratio Comparison
PMAIX has a 0.85% expense ratio, which is higher than JANBX's 0.70% expense ratio.
Risk-Adjusted Performance
PMAIX vs. JANBX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Pioneer Multi-Asset Income Fund A (PMAIX) and Janus Henderson Balanced Fund (JANBX). 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. JANBX - Dividend Comparison
PMAIX's dividend yield for the trailing twelve months is around 6.40%, more than JANBX's 1.98% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PMAIX Pioneer Multi-Asset Income Fund A | 6.40% | 6.61% | 5.71% | 5.36% | 5.39% | 5.77% | 5.80% | 6.66% | 5.53% | 5.92% | 6.24% | 5.36% |
JANBX Janus Henderson Balanced Fund | 1.98% | 2.25% | 1.95% | 4.50% | 2.49% | 2.85% | 7.06% | 5.27% | 3.36% | 6.26% | 6.19% | 4.54% |
Drawdowns
PMAIX vs. JANBX - Drawdown Comparison
The maximum PMAIX drawdown since its inception was -24.12%, which is greater than JANBX's maximum drawdown of -22.49%. Use the drawdown chart below to compare losses from any high point for PMAIX and JANBX. For additional features, visit the drawdowns tool.
Volatility
PMAIX vs. JANBX - Volatility Comparison
The current volatility for Pioneer Multi-Asset Income Fund A (PMAIX) is 1.61%, while Janus Henderson Balanced Fund (JANBX) has a volatility of 2.63%. This indicates that PMAIX experiences smaller price fluctuations and is considered to be less risky than JANBX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.