PMFYX vs. VGWLX
Compare and contrast key facts about Pioneer Multi-Asset Income Fund (PMFYX) and Vanguard Global Wellington Fund Investor Shares (VGWLX).
PMFYX is managed by Amundi US. It was launched on Dec 21, 2011. VGWLX is managed by Vanguard. It was launched on Nov 2, 2017.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: PMFYX or VGWLX.
Key characteristics
| PMFYX | VGWLX | |
|---|---|---|
| YTD Return | 10.28% | 9.95% |
| 1Y Return | 13.83% | 16.54% |
| 3Y Return (Ann) | 7.61% | 6.19% |
| 5Y Return (Ann) | 8.43% | 7.94% |
| Sharpe Ratio | 2.47 | 2.22 |
| Daily Std Dev | 5.59% | 7.29% |
| Max Drawdown | -24.23% | -25.28% |
| Current Drawdown | 0.00% | 0.00% |
Correlation
The correlation between PMFYX and VGWLX is 0.68, 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. VGWLX - Performance Comparison
The year-to-date returns for both stocks are quite close, with PMFYX having a 10.28% return and VGWLX slightly lower at 9.95%. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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PMFYX vs. VGWLX - Expense Ratio Comparison
PMFYX has a 0.65% expense ratio, which is higher than VGWLX's 0.42% expense ratio.
Risk-Adjusted Performance
PMFYX vs. VGWLX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Pioneer Multi-Asset Income Fund (PMFYX) and Vanguard Global Wellington Fund Investor Shares (VGWLX). 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. VGWLX - Dividend Comparison
PMFYX's dividend yield for the trailing twelve months is around 7.22%, more than VGWLX's 2.20% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PMFYX Pioneer Multi-Asset Income Fund | 7.22% | 6.82% | 5.88% | 5.56% | 5.58% | 5.98% | 6.03% | 6.86% | 5.76% | 6.16% | 6.47% | 5.55% |
VGWLX Vanguard Global Wellington Fund Investor Shares | 2.20% | 2.54% | 4.36% | 3.23% | 1.54% | 1.99% | 2.52% | 0.22% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
PMFYX vs. VGWLX - Drawdown Comparison
The maximum PMFYX drawdown since its inception was -24.23%, roughly equal to the maximum VGWLX drawdown of -25.28%. Use the drawdown chart below to compare losses from any high point for PMFYX and VGWLX. For additional features, visit the drawdowns tool.
Volatility
PMFYX vs. VGWLX - Volatility Comparison
The current volatility for Pioneer Multi-Asset Income Fund (PMFYX) is 1.28%, while Vanguard Global Wellington Fund Investor Shares (VGWLX) has a volatility of 1.97%. This indicates that PMFYX experiences smaller price fluctuations and is considered to be less risky than VGWLX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.