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PMAIX vs. TIBAX
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Correlation

The correlation between PMAIX and TIBAX is 0.76, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.


-0.50.00.51.00.8

Performance

PMAIX vs. TIBAX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Pioneer Multi-Asset Income Fund A (PMAIX) and Thornburg Investment Income Builder Fund (TIBAX). The values are adjusted to include any dividend payments, if applicable.

130.00%140.00%150.00%160.00%170.00%180.00%JulyAugustSeptemberOctoberNovemberDecember
140.07%
163.84%
PMAIX
TIBAX

Key characteristics

Sharpe Ratio

PMAIX:

1.39

TIBAX:

1.53

Sortino Ratio

PMAIX:

1.99

TIBAX:

2.15

Omega Ratio

PMAIX:

1.25

TIBAX:

1.28

Calmar Ratio

PMAIX:

1.57

TIBAX:

2.34

Martin Ratio

PMAIX:

6.06

TIBAX:

7.10

Ulcer Index

PMAIX:

1.18%

TIBAX:

1.84%

Daily Std Dev

PMAIX:

5.15%

TIBAX:

8.53%

Max Drawdown

PMAIX:

-24.12%

TIBAX:

-46.73%

Current Drawdown

PMAIX:

-4.13%

TIBAX:

-5.58%

Returns By Period

In the year-to-date period, PMAIX achieves a 6.19% return, which is significantly lower than TIBAX's 9.75% return. Over the past 10 years, PMAIX has underperformed TIBAX with an annualized return of 6.23%, while TIBAX has yielded a comparatively higher 6.60% annualized return.


PMAIX

YTD

6.19%

1M

-2.24%

6M

2.51%

1Y

7.15%

5Y*

6.60%

10Y*

6.23%

TIBAX

YTD

9.75%

1M

-1.02%

6M

1.29%

1Y

11.88%

5Y*

7.65%

10Y*

6.60%

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.


PMAIX vs. TIBAX - Expense Ratio Comparison

PMAIX has a 0.85% expense ratio, which is lower than TIBAX's 1.14% expense ratio.


TIBAX
Thornburg Investment Income Builder Fund
Expense ratio chart for TIBAX: current value at 1.14% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%1.14%
Expense ratio chart for PMAIX: current value at 0.85% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.85%

Risk-Adjusted Performance

PMAIX vs. TIBAX - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for Pioneer Multi-Asset Income Fund A (PMAIX) and Thornburg Investment Income Builder Fund (TIBAX). 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.


Sharpe ratio
The chart of Sharpe ratio for PMAIX, currently valued at 1.39, compared to the broader market-1.000.001.002.003.004.001.391.43
The chart of Sortino ratio for PMAIX, currently valued at 1.99, compared to the broader market-2.000.002.004.006.008.0010.001.992.01
The chart of Omega ratio for PMAIX, currently valued at 1.25, compared to the broader market0.501.001.502.002.503.003.501.251.26
The chart of Calmar ratio for PMAIX, currently valued at 1.57, compared to the broader market0.002.004.006.008.0010.0012.0014.001.572.17
The chart of Martin ratio for PMAIX, currently valued at 6.06, compared to the broader market0.0020.0040.0060.006.066.59
PMAIX
TIBAX

The current PMAIX Sharpe Ratio is 1.39, which is comparable to the TIBAX Sharpe Ratio of 1.53. The chart below compares the historical Sharpe Ratios of PMAIX and TIBAX, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.


Rolling 12-month Sharpe Ratio1.502.002.503.00JulyAugustSeptemberOctoberNovemberDecember
1.39
1.43
PMAIX
TIBAX

Dividends

PMAIX vs. TIBAX - Dividend Comparison

PMAIX's dividend yield for the trailing twelve months is around 6.90%, more than TIBAX's 5.38% yield.


TTM20232022202120202019201820172016201520142013
PMAIX
Pioneer Multi-Asset Income Fund A
6.90%6.61%5.63%5.53%5.39%5.78%5.83%6.68%5.53%5.92%6.24%5.36%
TIBAX
Thornburg Investment Income Builder Fund
5.38%4.67%5.62%5.10%4.11%4.23%4.49%4.22%3.83%4.31%5.20%4.61%

Drawdowns

PMAIX vs. TIBAX - Drawdown Comparison

The maximum PMAIX drawdown since its inception was -24.12%, smaller than the maximum TIBAX drawdown of -46.73%. Use the drawdown chart below to compare losses from any high point for PMAIX and TIBAX. For additional features, visit the drawdowns tool.


-6.00%-5.00%-4.00%-3.00%-2.00%-1.00%0.00%JulyAugustSeptemberOctoberNovemberDecember
-4.13%
-5.58%
PMAIX
TIBAX

Volatility

PMAIX vs. TIBAX - Volatility Comparison

The current volatility for Pioneer Multi-Asset Income Fund A (PMAIX) is 1.47%, while Thornburg Investment Income Builder Fund (TIBAX) has a volatility of 2.89%. This indicates that PMAIX experiences smaller price fluctuations and is considered to be less risky than TIBAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.


0.50%1.00%1.50%2.00%2.50%3.00%3.50%4.00%JulyAugustSeptemberOctoberNovemberDecember
1.47%
2.89%
PMAIX
TIBAX
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Disclaimer

The information contained herein does not constitute investment advice and made available for educational purposes only. Prices and returns on equities are listed without consideration of fees, commissions, taxes, penalties, or interest payable due to purchasing, holding, or selling.

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