PMYRX vs. PMFYX
PMYRX (Pioneer Flexible Opportunities Fund) and PMFYX (Pioneer Multi-Asset Income Fund) are both mutual funds - PMYRX is a Tactical Allocation fund managed by Amundi, while PMFYX is a Global Allocation fund managed by Amundi. Over the past 10 years, PMYRX returned 7.94%/yr vs 8.65%/yr for PMFYX. Their 0.76 correlation means they have sometimes moved together and sometimes differently. PMYRX charges 0.90%/yr vs 0.65%/yr for PMFYX.
Performance
PMYRX vs. PMFYX - Performance Comparison
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Returns By Period
As of year-to-date, both investments have demonstrated similar returns, with PMYRX at 7.54% and PMFYX at 7.54%. Over the past 10 years, PMYRX has underperformed PMFYX with an annualized return of 7.94%, while PMFYX has yielded a comparatively higher 8.65% annualized return.
PMYRX
- 1D
- 0.53%
- 1M
- 0.69%
- 6M
- 4.92%
- YTD
- 7.54%
- 1Y
- 15.24%
- 3Y*
- 17.51%
- 5Y*
- 7.55%
- 10Y*
- 7.94%
- ALL TIME*
- 7.59%
PMFYX
- 1D
- 0.07%
- 1M
- 1.42%
- 6M
- 4.85%
- YTD
- 7.54%
- 1Y
- 15.66%
- 3Y*
- 12.66%
- 5Y*
- 9.04%
- 10Y*
- 8.65%
- ALL TIME*
- 8.40%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $0.00 | $0.00 | $0.00 |
PMYRX vs. PMFYX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
PMYRX Pioneer Flexible Opportunities Fund | 7.54% | 18.78% | 23.47% | 11.75% | -18.74% | 11.25% | 6.86% | 17.06% | -10.58% | 23.68% |
PMFYX Pioneer Multi-Asset Income Fund | 7.54% | 23.15% | 6.28% | 7.04% | -0.34% | 12.25% | 5.38% | 11.13% | -5.91% | 18.23% |
Correlation
The correlation between PMYRX and PMFYX is 0.78, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.78 |
Correlation (3Y) Balances recent behavior with more history. | 0.76 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.78 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.74 |
Correlation (All Time) Calculated using the full available price history since Dec 22, 2011 | 0.76 |
The correlation between PMYRX and PMFYX has been stable across timeframes, ranging from 0.74 to 0.78 - a consistent structural relationship.
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Return for Risk
PMYRX vs. PMFYX — Risk / Return Rank
PMYRX
PMFYX
PMYRX vs. PMFYX - 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 (PMFYX). 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 | PMFYX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.82 | ||
| Sortino ratioReturn per unit of downside risk | -1.27 | ||
| Omega ratioGain probability vs. loss probability | 1.32 | 1.48 | -0.16 |
| Calmar ratioReturn relative to maximum drawdown | 2.37 | 3.74 | -1.37 |
| Martin ratioReturn relative to average drawdown | 8.63 | 13.09 | -4.45 |
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Drawdowns
PMYRX vs. PMFYX - Drawdown Comparison
The maximum PMYRX drawdown since its inception was -30.68%, which is greater than PMFYX's maximum drawdown of -24.23%. Use the drawdown chart below to compare losses from any high point for PMYRX and PMFYX.
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Drawdown Indicators
| PMYRX | PMFYX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -30.68% | -24.23% | -6.45% |
Max Drawdown (1Y)Largest decline over 1 year | -6.24% | -4.08% | -2.16% |
Max Drawdown (3Y)Largest decline over 3 years | -15.99% | -7.92% | -8.07% |
Max Drawdown (5Y)Largest decline over 5 years | -24.97% | -13.62% | -11.35% |
Max Drawdown (10Y)Largest decline over 10 years | -30.68% | -24.23% | -6.45% |
Current DrawdownCurrent decline from peak | 0.00% | -0.07% | +0.07% |
Average DrawdownAverage peak-to-trough decline | -5.91% | -2.58% | -3.33% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.71% | 1.17% | +0.54% |
Volatility
PMYRX vs. PMFYX - Volatility Comparison
The current volatility for Pioneer Flexible Opportunities Fund (PMYRX) is 1.60%, while Pioneer Multi-Asset Income Fund (PMFYX) has a volatility of 1.91%. This indicates that PMYRX experiences smaller price fluctuations and is considered to be less risky than PMFYX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PMYRX | PMFYX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.60% | 1.91% | -0.31% |
Volatility (6M)Calculated over the trailing 6-month period | 6.58% | 4.91% | +1.67% |
Volatility (1Y)Calculated over the trailing 1-year period | 8.49% | 5.96% | +2.53% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.65% | 7.27% | +6.38% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 13.07% | 7.54% | +5.53% |
PMYRX vs. PMFYX - Expense Ratio Comparison
PMYRX has a 0.90% expense ratio, which is higher than PMFYX's 0.65% expense ratio.
Dividends
PMYRX vs. PMFYX - Dividend Comparison
PMYRX's dividend yield for the trailing twelve months is around 9.48%, more than PMFYX's 5.79% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PMFYX Pioneer Multi-Asset Income Fund | 5.79% | 6.48% | 5.48% | 4.87% | 5.00% | 5.70% | 5.58% | 6.00% | 6.07% | 6.88% | 5.72% | 6.14% |
PMYRX Pioneer Flexible Opportunities Fund | 9.48% | 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 PMFYX have a correlation of 0.78, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
PMFYX has higher volatility (1.91%) compared to PMYRX (1.60%). In terms of maximum drawdown, PMYRX dropped -30.68% vs PMFYX's -24.23%.
PMFYX currently has the higher Sharpe Ratio (2.57 vs 1.75), 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.
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