PMFYX vs. SPY
Compare and contrast key facts about Pioneer Multi-Asset Income Fund (PMFYX) and SPDR S&P 500 ETF (SPY).
PMFYX is managed by Amundi US. It was launched on Dec 21, 2011. SPY is a passively managed fund by State Street that tracks the performance of the S&P 500 Index. It was launched on Jan 22, 1993.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: PMFYX or SPY.
Correlation
The correlation between PMFYX and SPY is 0.58, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
PMFYX vs. SPY - Performance Comparison
Key characteristics
PMFYX:
1.13
SPY:
0.28
PMFYX:
1.47
SPY:
0.54
PMFYX:
1.23
SPY:
1.08
PMFYX:
0.97
SPY:
0.29
PMFYX:
4.59
SPY:
1.35
PMFYX:
1.78%
SPY:
4.09%
PMFYX:
7.24%
SPY:
19.64%
PMFYX:
-24.22%
SPY:
-55.19%
PMFYX:
-4.83%
SPY:
-13.98%
Returns By Period
In the year-to-date period, PMFYX achieves a 2.41% return, which is significantly higher than SPY's -10.04% return. Over the past 10 years, PMFYX has underperformed SPY with an annualized return of 6.31%, while SPY has yielded a comparatively higher 11.65% annualized return.
PMFYX
2.41%
-4.35%
-0.67%
8.15%
10.99%
6.31%
SPY
-10.04%
-7.04%
-9.15%
5.72%
14.60%
11.65%
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PMFYX vs. SPY - Expense Ratio Comparison
PMFYX has a 0.65% expense ratio, which is higher than SPY's 0.09% expense ratio.
Risk-Adjusted Performance
PMFYX vs. SPY — Risk-Adjusted Performance Rank
PMFYX
SPY
PMFYX vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Pioneer Multi-Asset Income Fund (PMFYX) and SPDR S&P 500 ETF (SPY). 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.
Dividends
PMFYX vs. SPY - Dividend Comparison
PMFYX's dividend yield for the trailing twelve months is around 5.96%, more than SPY's 1.36% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PMFYX Pioneer Multi-Asset Income Fund | 5.96% | 6.55% | 6.85% | 5.87% | 5.76% | 5.60% | 6.01% | 6.07% | 6.90% | 5.76% | 6.16% | 6.47% |
SPY SPDR S&P 500 ETF | 1.36% | 1.21% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% |
Drawdowns
PMFYX vs. SPY - Drawdown Comparison
The maximum PMFYX drawdown since its inception was -24.22%, smaller than the maximum SPY drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for PMFYX and SPY. For additional features, visit the drawdowns tool.
Volatility
PMFYX vs. SPY - Volatility Comparison
The current volatility for Pioneer Multi-Asset Income Fund (PMFYX) is 4.92%, while SPDR S&P 500 ETF (SPY) has a volatility of 14.59%. This indicates that PMFYX experiences smaller price fluctuations and is considered to be less risky than SPY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.