PMFYX vs. MPLX
PMFYX (Pioneer Multi-Asset Income Fund) is Global Allocation fund managed by Amundi, while MPLX (MPLX LP) is a stock. Over the past 10 years, PMFYX returned 8.87%/yr vs 14.99%/yr for MPLX. At a 0.39 correlation, their price movements are largely independent.
Performance
PMFYX vs. MPLX - Performance Comparison
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Returns By Period
In the year-to-date period, PMFYX achieves a 5.94% return, which is significantly lower than MPLX's 7.63% return. Over the past 10 years, PMFYX has underperformed MPLX with an annualized return of 8.87%, while MPLX has yielded a comparatively higher 14.99% annualized return.
PMFYX
- 1D
- 0.22%
- 1M
- 1.01%
- YTD
- 5.94%
- 6M
- 7.34%
- 1Y
- 17.41%
- 3Y*
- 13.69%
- 5Y*
- 8.15%
- 10Y*
- 8.87%
MPLX
- 1D
- -0.75%
- 1M
- -1.46%
- YTD
- 7.63%
- 6M
- 4.78%
- 1Y
- 15.40%
- 3Y*
- 27.99%
- 5Y*
- 24.22%
- 10Y*
- 14.99%
PMFYX vs. MPLX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
PMFYX Pioneer Multi-Asset Income Fund | 5.94% | 23.15% | 6.28% | 7.04% | -0.34% | 12.25% | 5.38% | 11.13% | -5.91% | 18.23% |
MPLX MPLX LP | 7.63% | 20.54% | 41.72% | 22.46% | 21.09% | 53.92% | -1.79% | -8.25% | -8.43% | 9.00% |
Correlation
The correlation between PMFYX and MPLX is 0.10, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.10 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.34 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.47 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.45 |
Correlation (All Time) Calculated using the full available price history since Oct 31, 2012 | 0.39 |
Over the past year, the correlation between PMFYX and MPLX has dropped to 0.10 - well below their long-term average of 0.39, suggesting their price drivers have been diverging.
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Return for Risk
PMFYX vs. MPLX — Risk / Return Rank
PMFYX
MPLX
PMFYX vs. MPLX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Pioneer Multi-Asset Income Fund (PMFYX) and MPLX LP (MPLX). 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 | MPLX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.15 | ||
| Sortino ratioReturn per unit of downside risk | +3.37 | ||
| Omega ratioGain probability vs. loss probability | 1.61 | 1.17 | +0.44 |
| Calmar ratioReturn relative to maximum drawdown | 4.35 | 2.01 | +2.35 |
| Martin ratioReturn relative to average drawdown | 15.49 | 4.73 | +10.76 |
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 | MPLX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 3.14 | 0.99 | +2.15 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.12 | 1.26 | -0.13 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 1.17 | 0.49 | +0.68 |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.17 | 0.39 | +0.78 |
Drawdowns
PMFYX vs. MPLX - Drawdown Comparison
The maximum PMFYX drawdown since its inception was -24.23%, smaller than the maximum MPLX drawdown of -85.72%. Use the drawdown chart below to compare losses from any high point for PMFYX and MPLX.
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Drawdown Indicators
| PMFYX | MPLX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -24.23% | -85.72% | +61.49% |
Max Drawdown (1Y)Largest decline over 1 year | -4.08% | -7.71% | +3.63% |
Max Drawdown (3Y)Largest decline over 3 years | -7.92% | -14.58% | +6.66% |
Max Drawdown (5Y)Largest decline over 5 years | -13.62% | -18.46% | +4.84% |
Max Drawdown (10Y)Largest decline over 10 years | -24.23% | -75.21% | +50.98% |
Current DrawdownCurrent decline from peak | 0.00% | -4.79% | +4.79% |
Average DrawdownAverage peak-to-trough decline | -2.60% | -30.01% | +27.41% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.15% | 3.27% | -2.12% |
Volatility
PMFYX vs. MPLX - Volatility Comparison
The current volatility for Pioneer Multi-Asset Income Fund (PMFYX) is 1.88%, while MPLX LP (MPLX) has a volatility of 5.51%. This indicates that PMFYX experiences smaller price fluctuations and is considered to be less risky than MPLX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PMFYX | MPLX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.88% | 5.51% | -3.63% |
Volatility (6M)Calculated over the trailing 6-month period | 4.40% | 11.65% | -7.25% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.66% | 15.59% | -9.93% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.28% | 19.40% | -12.12% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.62% | 30.66% | -23.04% |
Dividends
PMFYX vs. MPLX - Dividend Comparison
PMFYX's dividend yield for the trailing twelve months is around 6.30%, less than MPLX's 7.58% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MPLX MPLX LP | 7.58% | 7.39% | 7.33% | 8.65% | 8.80% | 11.30% | 12.70% | 10.41% | 8.22% | 6.23% | 5.86% | 4.33% |
PMFYX Pioneer Multi-Asset Income Fund | 6.30% | 6.48% | 5.48% | 4.87% | 5.00% | 5.70% | 5.58% | 6.00% | 6.07% | 6.88% | 5.72% | 6.14% |
Frequently Asked Questions
PMFYX and MPLX have a correlation of 0.10, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
MPLX has higher volatility (5.51%) compared to PMFYX (1.88%). In terms of maximum drawdown, PMFYX dropped -24.23% vs MPLX's -85.72%.
PMFYX currently has the higher Sharpe Ratio (3.14 vs 0.99), 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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