PMYRX vs. PMAIX
Compare and contrast key facts about Pioneer Flexible Opportunities Fund (PMYRX) and Pioneer Multi-Asset Income Fund A (PMAIX).
PMYRX is managed by Amundi. It was launched on May 2, 2010. PMAIX is managed by Amundi. It was launched on Dec 22, 2011.
Performance
PMYRX vs. PMAIX - Performance Comparison
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PMYRX vs. PMAIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
PMYRX Pioneer Flexible Opportunities Fund | -1.45% | 18.78% | 23.47% | 11.75% | -18.74% | 11.25% | 6.86% | 17.06% | -10.58% | 23.68% |
PMAIX Pioneer Multi-Asset Income Fund A | 1.34% | 23.03% | 6.09% | 7.32% | -0.79% | 12.00% | 5.35% | 10.88% | -6.10% | 17.97% |
Returns By Period
In the year-to-date period, PMYRX achieves a -1.45% return, which is significantly lower than PMAIX's 1.34% return. Over the past 10 years, PMYRX has underperformed PMAIX with an annualized return of 7.58%, while PMAIX has yielded a comparatively higher 8.51% annualized return.
PMYRX
- 1D
- 1.62%
- 1M
- -3.68%
- YTD
- -1.45%
- 6M
- -0.01%
- 1Y
- 17.86%
- 3Y*
- 16.94%
- 5Y*
- 6.08%
- 10Y*
- 7.58%
PMAIX
- 1D
- 0.54%
- 1M
- -2.74%
- YTD
- 1.34%
- 6M
- 4.36%
- 1Y
- 17.30%
- 3Y*
- 12.04%
- 5Y*
- 7.98%
- 10Y*
- 8.51%
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PMYRX vs. PMAIX - Expense Ratio Comparison
PMYRX has a 0.90% expense ratio, which is higher than PMAIX's 0.85% expense ratio.
Return for Risk
PMYRX vs. PMAIX — Risk / Return Rank
PMYRX
PMAIX
PMYRX vs. PMAIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Pioneer Flexible Opportunities Fund (PMYRX) and Pioneer Multi-Asset Income Fund A (PMAIX). 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.
| PMYRX | PMAIX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.37 | 2.43 | -1.06 |
Sortino ratioReturn per unit of downside risk | 1.84 | 3.08 | -1.24 |
Omega ratioGain probability vs. loss probability | 1.31 | 1.52 | -0.21 |
Calmar ratioReturn relative to maximum drawdown | 1.52 | 2.50 | -0.98 |
Martin ratioReturn relative to average drawdown | 7.26 | 11.66 | -4.39 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| PMYRX | PMAIX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.37 | 2.43 | -1.06 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.45 | 1.11 | -0.67 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.58 | 1.13 | -0.55 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.60 | 1.12 | -0.52 |
Correlation
The correlation between PMYRX and PMAIX is 0.76, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Dividends
PMYRX vs. PMAIX - Dividend Comparison
PMYRX's dividend yield for the trailing twelve months is around 9.42%, more than PMAIX's 5.79% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PMYRX Pioneer Flexible Opportunities Fund | 9.42% | 9.83% | 22.31% | 1.03% | 4.02% | 2.12% | 1.32% | 2.50% | 12.83% | 8.93% | 1.50% | 7.13% |
PMAIX Pioneer Multi-Asset Income Fund A | 5.79% | 6.29% | 5.30% | 5.14% | 4.53% | 5.50% | 5.39% | 5.78% | 5.83% | 6.69% | 5.53% | 5.92% |
Drawdowns
PMYRX vs. PMAIX - Drawdown Comparison
The maximum PMYRX drawdown since its inception was -30.68%, which is greater than PMAIX's maximum drawdown of -24.12%. Use the drawdown chart below to compare losses from any high point for PMYRX and PMAIX.
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Drawdown Indicators
| PMYRX | PMAIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -30.68% | -24.12% | -6.56% |
Max Drawdown (1Y)Largest decline over 1 year | -12.28% | -7.06% | -5.22% |
Max Drawdown (5Y)Largest decline over 5 years | -24.97% | -13.97% | -11.00% |
Max Drawdown (10Y)Largest decline over 10 years | -30.68% | -24.12% | -6.56% |
Current DrawdownCurrent decline from peak | -4.65% | -3.10% | -1.55% |
Average DrawdownAverage peak-to-trough decline | -6.02% | -2.69% | -3.33% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.58% | 1.52% | +1.06% |
Volatility
PMYRX vs. PMAIX - Volatility Comparison
Pioneer Flexible Opportunities Fund (PMYRX) has a higher volatility of 3.45% compared to Pioneer Multi-Asset Income Fund A (PMAIX) at 2.29%. This indicates that PMYRX's price experiences larger fluctuations and is considered to be riskier than PMAIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PMYRX | PMAIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.45% | 2.29% | +1.16% |
Volatility (6M)Calculated over the trailing 6-month period | 6.33% | 4.18% | +2.15% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.09% | 7.19% | +5.90% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.68% | 7.20% | +6.48% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 13.15% | 7.58% | +5.57% |