PMYRX vs. GIPIX
PMYRX (Pioneer Flexible Opportunities Fund) and GIPIX (Goldman Sachs Balanced Strategy Portfolio) are both Tactical Allocation funds. Over the past 10 years, PMYRX returned 7.99%/yr vs 6.19%/yr for GIPIX. Their correlation of 0.81 suggests significant overlap in exposure. PMYRX charges 0.90%/yr vs 0.19%/yr for GIPIX.
Performance
PMYRX vs. GIPIX - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, PMYRX achieves a 4.97% return, which is significantly lower than GIPIX's 5.50% return. Over the past 10 years, PMYRX has outperformed GIPIX with an annualized return of 7.99%, while GIPIX has yielded a comparatively lower 6.19% annualized return.
PMYRX
- 1D
- 0.00%
- 1M
- 0.41%
- YTD
- 4.97%
- 6M
- 5.44%
- 1Y
- 17.71%
- 3Y*
- 17.86%
- 5Y*
- 7.05%
- 10Y*
- 7.99%
GIPIX
- 1D
- 0.68%
- 1M
- 1.30%
- YTD
- 5.50%
- 6M
- 5.56%
- 1Y
- 14.79%
- 3Y*
- 10.26%
- 5Y*
- 4.76%
- 10Y*
- 6.19%
PMYRX vs. GIPIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
PMYRX Pioneer Flexible Opportunities Fund | 4.97% | 18.78% | 23.47% | 11.75% | -18.74% | 11.25% | 6.86% | 17.06% | -10.58% | 23.68% |
GIPIX Goldman Sachs Balanced Strategy Portfolio | 5.50% | 10.80% | 8.51% | 12.49% | -14.43% | 7.94% | 11.09% | 15.68% | -6.52% | 11.63% |
Correlation
The correlation between PMYRX and GIPIX is 0.73, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.74 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.76 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.79 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.81 |
Correlation (All Time) Calculated using the full available price history since May 3, 2010 | 0.81 |
The correlation between PMYRX and GIPIX has been stable across timeframes, ranging from 0.73 to 0.81 - a consistent structural relationship.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
PMYRX vs. GIPIX — Risk / Return Rank
PMYRX
GIPIX
PMYRX vs. GIPIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Pioneer Flexible Opportunities Fund (PMYRX) and Goldman Sachs Balanced Strategy Portfolio (GIPIX). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| PMYRX | GIPIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.10 | ||
| Sortino ratioReturn per unit of downside risk | -0.08 | ||
| Omega ratioGain probability vs. loss probability | 1.38 | 1.42 | -0.04 |
| Calmar ratioReturn relative to maximum drawdown | 2.85 | 2.65 | +0.20 |
| Martin ratioReturn relative to average drawdown | 10.41 | 11.43 | -1.02 |
Loading charts...
Drawdowns
PMYRX vs. GIPIX - Drawdown Comparison
The maximum PMYRX drawdown since its inception was -30.68%, roughly equal to the maximum GIPIX drawdown of -29.46%. Use the drawdown chart below to compare losses from any high point for PMYRX and GIPIX.
Loading charts...
Drawdown Indicators
| PMYRX | GIPIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -30.68% | -29.46% | -1.22% |
Max Drawdown (1Y)Largest decline over 1 year | -6.24% | -5.59% | -0.65% |
Max Drawdown (3Y)Largest decline over 3 years | -15.99% | -9.11% | -6.88% |
Max Drawdown (5Y)Largest decline over 5 years | -24.97% | -20.65% | -4.32% |
Max Drawdown (10Y)Largest decline over 10 years | -30.68% | -20.65% | -10.03% |
Current DrawdownCurrent decline from peak | -1.36% | -0.08% | -1.28% |
Average DrawdownAverage peak-to-trough decline | -5.95% | -3.68% | -2.27% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.70% | 1.29% | +0.41% |
Volatility
PMYRX vs. GIPIX - Volatility Comparison
Pioneer Flexible Opportunities Fund (PMYRX) and Goldman Sachs Balanced Strategy Portfolio (GIPIX) have volatilities of 2.77% and 2.68%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| PMYRX | GIPIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.77% | 2.68% | +0.09% |
Volatility (6M)Calculated over the trailing 6-month period | 6.66% | 5.75% | +0.91% |
Volatility (1Y)Calculated over the trailing 1-year period | 8.63% | 6.84% | +1.79% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.71% | 8.06% | +5.65% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 13.16% | 8.14% | +5.02% |
PMYRX vs. GIPIX - Expense Ratio Comparison
PMYRX has a 0.90% expense ratio, which is higher than GIPIX's 0.19% expense ratio.
Dividends
PMYRX vs. GIPIX - Dividend Comparison
PMYRX's dividend yield for the trailing twelve months is around 10.33%, more than GIPIX's 5.51% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GIPIX Goldman Sachs Balanced Strategy Portfolio | 5.51% | 5.22% | 4.06% | 2.12% | 4.56% | 6.37% | 2.25% | 2.51% | 4.70% | 4.51% | 1.46% | 5.73% |
PMYRX Pioneer Flexible Opportunities Fund | 10.33% | 9.83% | 22.31% | 1.03% | 4.02% | 2.12% | 1.32% | 2.50% | 12.83% | 8.93% | 1.50% | 7.13% |
Frequently Asked Questions
PMYRX and GIPIX have a correlation of 0.73, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
PMYRX has higher volatility (2.77%) compared to GIPIX (2.68%). In terms of maximum drawdown, PMYRX dropped -30.68% vs GIPIX's -29.46%.
GIPIX currently has the higher Sharpe Ratio (2.16 vs 2.06), 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.
Find the right allocation for PMYRX and GIPIX
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer