PMFYX vs. MPLX

Last updated Apr 2, 2026

Compare and contrast key facts about Pioneer Multi-Asset Income Fund (PMFYX) and MPLX LP (MPLX).

PMFYX is managed by Amundi. It was launched on Dec 21, 2011.

Performance

PMFYX vs. MPLX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Pioneer Multi-Asset Income Fund (PMFYX) and MPLX LP (MPLX). The values are adjusted to include any dividend payments, if applicable.

PMFYX vs. MPLX - 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%
MPLX MPLX LP	6.83%	20.54%	41.72%	22.46%	21.09%	53.92%	-1.79%	-8.25%	-8.43%	9.00%

Returns By Period

In the year-to-date period, PMFYX achieves a 1.37% return, which is significantly lower than MPLX's 6.83% return. Over the past 10 years, PMFYX has underperformed MPLX with an annualized return of 8.66%, while MPLX has yielded a comparatively higher 16.95% 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%

MPLX

• 1D: -2.02%
• 1M: -5.44%
• YTD: 6.83%
• 6M: 17.17%
• 1Y: 12.76%
• 3Y*: 27.71%
• 5Y*: 27.38%
• 10Y*: 16.95%

*Multi-year figures are annualized to reflect compound growth (CAGR)

Return for Risk

PMFYX vs. MPLX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

PMFYX

PMFYX Risk / Return Rank: 94
PMFYX Sharpe Ratio Rank: 96
PMFYX Sortino Ratio Rank: 95
PMFYX Omega Ratio Rank: 95
PMFYX Calmar Ratio Rank: 90
PMFYX Martin Ratio Rank: 93

MPLX

MPLX Risk / Return Rank: 61
MPLX Sharpe Ratio Rank: 64
MPLX Sortino Ratio Rank: 55
MPLX Omega Ratio Rank: 54
MPLX Calmar Ratio Rank: 62
MPLX Martin Ratio Rank: 69

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

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 ratio Return per unit of total volatility	2.46	0.68	+1.79
Sortino ratio Return per unit of downside risk	3.11	1.01	+2.10
Omega ratio Gain probability vs. loss probability	1.53	1.13	+0.40
Calmar ratio Return relative to maximum drawdown	2.52	0.97	+1.55
Martin ratio Return relative to average drawdown	11.71	3.47	+8.25
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

PMFYX vs. MPLX - Sharpe Ratio Comparison

The current PMFYX Sharpe Ratio is 2.46, which is higher than the MPLX Sharpe Ratio of 0.68. The chart below compares the historical Sharpe Ratios of PMFYX and MPLX, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	PMFYX	MPLX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.46	0.68	+1.79
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	1.13	1.41	-0.28
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	1.14	0.55	+0.59
Sharpe Ratio (All Time) Calculated using the full available price history	1.14	0.39	+0.75

Correlation

The correlation between PMFYX and MPLX is 0.39, 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. MPLX - Dividend Comparison

PMFYX's dividend yield for the trailing twelve months is around 5.96%, less than MPLX's 7.27% 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%
MPLX MPLX LP	7.27%	7.39%	7.33%	8.65%	8.80%	11.30%	12.70%	10.41%	8.22%	6.23%	5.86%	4.33%

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.

Drawdown Indicators

	PMFYX	MPLX	Difference
Max Drawdown Largest peak-to-trough decline	-24.23%	-85.72%	+61.49%
Max Drawdown (1Y) Largest decline over 1 year	-7.09%	-13.38%	+6.29%
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 Drawdown Current decline from peak	-3.12%	-5.49%	+2.37%
Average Drawdown Average peak-to-trough decline	-2.62%	-30.32%	+27.70%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.53%	3.76%	-2.23%

Volatility

PMFYX vs. MPLX - Volatility Comparison

The current volatility for Pioneer Multi-Asset Income Fund (PMFYX) is 2.29%, while MPLX LP (MPLX) has a volatility of 4.39%. 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.

Volatility by Period

	PMFYX	MPLX	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.29%	4.39%	-2.10%
Volatility (6M) Calculated over the trailing 6-month period	4.14%	11.36%	-7.22%
Volatility (1Y) Calculated over the trailing 1-year period	7.16%	18.97%	-11.81%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	7.23%	19.55%	-12.32%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	7.60%	30.91%	-23.31%