PMFYX vs. HIMYX
Compare and contrast key facts about Pioneer Multi-Asset Income Fund (PMFYX) and Pioneer High Income Municipal Fund (HIMYX).
PMFYX is managed by Amundi. It was launched on Dec 21, 2011. HIMYX is managed by Amundi. It was launched on Oct 15, 2006.
Performance
PMFYX vs. HIMYX - Performance Comparison
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PMFYX vs. HIMYX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
PMFYX Pioneer Multi-Asset Income Fund | 1.37% | 23.15% | 6.28% | 7.04% | -0.34% | 12.25% | 5.38% | 11.13% | -5.91% | 18.23% |
HIMYX Pioneer High Income Municipal Fund | -0.90% | -1.50% | 6.07% | 3.64% | -13.08% | 6.69% | 1.85% | 9.56% | 4.15% | 8.33% |
Returns By Period
In the year-to-date period, PMFYX achieves a 1.37% return, which is significantly higher than HIMYX's -0.90% return. Over the past 10 years, PMFYX has outperformed HIMYX with an annualized return of 8.66%, while HIMYX has yielded a comparatively lower 2.19% annualized return.
PMFYX
- 1D
- 0.46%
- 1M
- -2.76%
- YTD
- 1.37%
- 6M
- 4.45%
- 1Y
- 17.47%
- 3Y*
- 12.07%
- 5Y*
- 8.12%
- 10Y*
- 8.66%
HIMYX
- 1D
- 0.37%
- 1M
- -2.66%
- YTD
- -0.90%
- 6M
- -2.34%
- 1Y
- -2.72%
- 3Y*
- 1.70%
- 5Y*
- -0.43%
- 10Y*
- 2.19%
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PMFYX vs. HIMYX - Expense Ratio Comparison
PMFYX has a 0.65% expense ratio, which is higher than HIMYX's 0.55% expense ratio.
Return for Risk
PMFYX vs. HIMYX — Risk / Return Rank
PMFYX
HIMYX
PMFYX vs. HIMYX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Pioneer Multi-Asset Income Fund (PMFYX) and Pioneer High Income Municipal Fund (HIMYX). 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.
| PMFYX | HIMYX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 2.46 | -0.27 | +2.73 |
Sortino ratioReturn per unit of downside risk | 3.11 | -0.34 | +3.45 |
Omega ratioGain probability vs. loss probability | 1.53 | 0.94 | +0.59 |
Calmar ratioReturn relative to maximum drawdown | 2.52 | -0.19 | +2.71 |
Martin ratioReturn relative to average drawdown | 11.71 | -0.38 | +12.09 |
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
| PMFYX | HIMYX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.46 | -0.27 | +2.73 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.13 | -0.08 | +1.20 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 1.14 | 0.44 | +0.71 |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.14 | 0.52 | +0.62 |
Correlation
The correlation between PMFYX and HIMYX is 0.07, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Dividends
PMFYX vs. HIMYX - Dividend Comparison
PMFYX's dividend yield for the trailing twelve months is around 5.96%, less than HIMYX's 8.24% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PMFYX Pioneer Multi-Asset Income Fund | 5.96% | 6.48% | 5.48% | 4.87% | 5.00% | 5.70% | 5.58% | 6.00% | 6.07% | 6.88% | 5.72% | 6.14% |
HIMYX Pioneer High Income Municipal Fund | 8.24% | 8.63% | 5.32% | 4.97% | 3.88% | 3.71% | 3.96% | 5.35% | 5.20% | 5.00% | 5.66% | 5.65% |
Drawdowns
PMFYX vs. HIMYX - Drawdown Comparison
The maximum PMFYX drawdown since its inception was -24.23%, smaller than the maximum HIMYX drawdown of -35.00%. Use the drawdown chart below to compare losses from any high point for PMFYX and HIMYX.
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Drawdown Indicators
| PMFYX | HIMYX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -24.23% | -35.00% | +10.77% |
Max Drawdown (1Y)Largest decline over 1 year | -7.09% | -6.96% | -0.13% |
Max Drawdown (5Y)Largest decline over 5 years | -13.62% | -19.32% | +5.70% |
Max Drawdown (10Y)Largest decline over 10 years | -24.23% | -19.32% | -4.91% |
Current DrawdownCurrent decline from peak | -3.12% | -6.73% | +3.61% |
Average DrawdownAverage peak-to-trough decline | -2.62% | -5.66% | +3.04% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.53% | 3.50% | -1.97% |
Volatility
PMFYX vs. HIMYX - Volatility Comparison
Pioneer Multi-Asset Income Fund (PMFYX) has a higher volatility of 2.29% compared to Pioneer High Income Municipal Fund (HIMYX) at 1.41%. This indicates that PMFYX's price experiences larger fluctuations and is considered to be riskier than HIMYX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PMFYX | HIMYX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.29% | 1.41% | +0.88% |
Volatility (6M)Calculated over the trailing 6-month period | 4.14% | 4.32% | -0.18% |
Volatility (1Y)Calculated over the trailing 1-year period | 7.16% | 8.39% | -1.23% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.23% | 5.62% | +1.61% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.60% | 5.04% | +2.56% |