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PMYRX vs. GIPIX
Performance
Return for Risk
Drawdowns
Volatility
Dividends

Performance

PMYRX vs. GIPIX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Pioneer Flexible Opportunities Fund (PMYRX) and Goldman Sachs Balanced Strategy Portfolio (GIPIX). The values are adjusted to include any dividend payments, if applicable.

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

PMYRX vs. GIPIX - Yearly Performance Comparison


2026 (YTD)202520242023202220212020201920182017
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.

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Return for Risk

PMYRX vs. GIPIX — Risk / Return Rank

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

PMYRX
PMYRX Risk / Return Rank: 5858
Overall Rank
PMYRX Sharpe Ratio Rank: 5858
Sharpe Ratio Rank
PMYRX Sortino Ratio Rank: 6262
Sortino Ratio Rank
PMYRX Omega Ratio Rank: 5757
Omega Ratio Rank
PMYRX Calmar Ratio Rank: 6060
Calmar Ratio Rank
PMYRX Martin Ratio Rank: 5454
Martin Ratio Rank

GIPIX
GIPIX Risk / Return Rank: 6262
Overall Rank
GIPIX Sharpe Ratio Rank: 6464
Sharpe Ratio Rank
GIPIX Sortino Ratio Rank: 6666
Sortino Ratio Rank
GIPIX Omega Ratio Rank: 6868
Omega Ratio Rank
GIPIX Calmar Ratio Rank: 5252
Calmar Ratio Rank
GIPIX Martin Ratio Rank: 6161
Martin Ratio Rank
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.

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.


PMYRXGIPIXDifference
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

PMYRX vs. GIPIX - Sharpe Ratio Comparison

The current PMYRX Sharpe Ratio is 2.06, which is comparable to the GIPIX Sharpe Ratio of 2.16. The chart below compares the historical Sharpe Ratios of PMYRX and GIPIX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.


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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.


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Drawdown Indicators


PMYRXGIPIXDifference

Max Drawdown

Largest 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 Drawdown

Current decline from peak

-1.36%

-0.08%

-1.28%

Average Drawdown

Average peak-to-trough decline

-5.95%

-3.68%

-2.27%

Ulcer Index

Depth 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.


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Volatility by Period


PMYRXGIPIXDifference

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.


PositionTTM20252024202320222021202020192018201720162015
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.

Portfolio Optimizer

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