PMAIX vs. SYFFX
PMAIX (Pioneer Multi-Asset Income Fund A) and SYFFX (Pioneer Securitized Income Fund) are both mutual funds - PMAIX is a Diversified Portfolio fund managed by Amundi, while SYFFX is a Nontraditional Bonds fund managed by Amundi. Over the past 5 years, PMAIX returned 8.93%/yr vs 5.33%/yr for SYFFX. Their 0.20 correlation means their historical movements had little consistent relationship. PMAIX charges 0.85%/yr vs 0.65%/yr for SYFFX.
Performance
PMAIX vs. SYFFX - Performance Comparison
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Returns By Period
In the year-to-date period, PMAIX achieves a 7.98% return, which is significantly higher than SYFFX's 2.11% return.
PMAIX
- 1D
- 0.29%
- 1M
- 1.93%
- 6M
- 4.52%
- YTD
- 7.98%
- 1Y
- 15.54%
- 3Y*
- 12.99%
- 5Y*
- 8.93%
- 10Y*
- 8.51%
- ALL TIME*
- 8.26%
SYFFX
- 1D
- 0.00%
- 1M
- -0.21%
- 6M
- 1.37%
- YTD
- 2.11%
- 1Y
- 3.47%
- 3Y*
- 8.01%
- 5Y*
- 5.33%
- 10Y*
- —
- ALL TIME*
- 4.15%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $0.00 | $0.00 | $0.00 |
PMAIX vs. SYFFX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
PMAIX Pioneer Multi-Asset Income Fund A | 7.98% | 23.03% | 6.09% | 7.32% | -0.79% | 12.00% | 5.35% | 2.20% |
SYFFX Pioneer Securitized Income Fund | 2.11% | 6.83% | 9.33% | 13.51% | -5.15% | 5.45% | -3.68% | 0.50% |
Correlation
The correlation between PMAIX and SYFFX is 0.28, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.28 |
Correlation (3Y) Balances recent behavior with more history. | 0.25 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.22 |
Correlation (All Time) Calculated using the full available price history since Dec 9, 2019 | 0.20 |
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Return for Risk
PMAIX vs. SYFFX — Risk / Return Rank
PMAIX
SYFFX
PMAIX vs. SYFFX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Pioneer Multi-Asset Income Fund A (PMAIX) and Pioneer Securitized Income Fund (SYFFX). 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 | SYFFX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.25 | ||
| Sortino ratioReturn per unit of downside risk | +1.34 | ||
| Omega ratioGain probability vs. loss probability | 1.51 | 1.41 | +0.09 |
| Calmar ratioReturn relative to maximum drawdown | 3.98 | 2.25 | +1.73 |
| Martin ratioReturn relative to average drawdown | 13.82 | 6.02 | +7.80 |
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Drawdowns
PMAIX vs. SYFFX - Drawdown Comparison
The maximum PMAIX drawdown since its inception was -24.12%, smaller than the maximum SYFFX drawdown of -38.78%. Use the drawdown chart below to compare losses from any high point for PMAIX and SYFFX.
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Drawdown Indicators
| PMAIX | SYFFX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -24.12% | -38.78% | +14.66% |
Max Drawdown (1Y)Largest decline over 1 year | -4.07% | -1.55% | -2.52% |
Max Drawdown (3Y)Largest decline over 3 years | -7.99% | -1.55% | -6.44% |
Max Drawdown (5Y)Largest decline over 5 years | -13.97% | -6.11% | -7.86% |
Max Drawdown (10Y)Largest decline over 10 years | -24.12% | — | — |
Current DrawdownCurrent decline from peak | 0.00% | -0.21% | +0.21% |
Average DrawdownAverage peak-to-trough decline | -2.64% | -3.82% | +1.18% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.17% | 0.58% | +0.59% |
Volatility
PMAIX vs. SYFFX - Volatility Comparison
Pioneer Multi-Asset Income Fund A (PMAIX) has a higher volatility of 1.82% compared to Pioneer Securitized Income Fund (SYFFX) at 0.26%. This indicates that PMAIX's price experiences larger fluctuations and is considered to be riskier than SYFFX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PMAIX | SYFFX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.82% | 0.26% | +1.56% |
Volatility (6M)Calculated over the trailing 6-month period | 4.88% | 1.55% | +3.33% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.96% | 2.38% | +3.58% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.23% | 3.04% | +4.19% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.52% | 8.67% | -1.15% |
PMAIX vs. SYFFX - Expense Ratio Comparison
PMAIX has a 0.85% expense ratio, which is higher than SYFFX's 0.65% expense ratio.
Dividends
PMAIX vs. SYFFX - Dividend Comparison
PMAIX's dividend yield for the trailing twelve months is around 5.59%, less than SYFFX's 5.87% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PMAIX Pioneer Multi-Asset Income Fund A | 5.59% | 6.29% | 5.30% | 5.14% | 4.53% | 5.50% | 5.39% | 5.78% | 5.83% | 6.69% | 5.53% | 5.92% |
SYFFX Pioneer Securitized Income Fund | 5.87% | 6.62% | 6.94% | 8.07% | 5.96% | 2.48% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
PMAIX and SYFFX have a correlation of 0.28, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
PMAIX has higher volatility (1.82%) compared to SYFFX (0.26%). In terms of maximum drawdown, PMAIX dropped -24.12% vs SYFFX's -38.78%.
PMAIX currently has the higher Sharpe Ratio (2.72 vs 1.47), 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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