PYEQX vs. GSGRX
PYEQX (Pioneer Equity Income Y) and GSGRX (Goldman Sachs Equity Income Fund) are both Dividend funds. Over the past 10 years, PYEQX returned 9.76%/yr vs 11.72%/yr for GSGRX. Their correlation of 0.93 means they have usually moved in the same direction. PYEQX charges 0.81%/yr vs 1.20%/yr for GSGRX.
Performance
PYEQX vs. GSGRX - Performance Comparison
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Returns By Period
In the year-to-date period, PYEQX achieves a 15.20% return, which is significantly lower than GSGRX's 19.46% return. Over the past 10 years, PYEQX has underperformed GSGRX with an annualized return of 9.76%, while GSGRX has yielded a comparatively higher 11.72% annualized return.
PYEQX
- 1D
- 0.77%
- 1M
- 3.44%
- 6M
- 8.68%
- YTD
- 15.20%
- 1Y
- 23.27%
- 3Y*
- 13.73%
- 5Y*
- 8.90%
- 10Y*
- 9.76%
- ALL TIME*
- 7.64%
GSGRX
- 1D
- 0.69%
- 1M
- 3.04%
- 6M
- 14.25%
- YTD
- 19.46%
- 1Y
- 26.41%
- 3Y*
- 21.43%
- 5Y*
- 13.13%
- 10Y*
- 11.72%
- ALL TIME*
- 8.42%
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 |
PYEQX vs. GSGRX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
PYEQX Pioneer Equity Income Y | 15.20% | 11.46% | 11.46% | 7.54% | -7.92% | 25.56% | 0.09% | 25.76% | -8.70% | 15.27% |
GSGRX Goldman Sachs Equity Income Fund | 19.46% | 12.48% | 25.98% | 8.19% | -5.28% | 21.83% | 3.49% | 24.98% | -6.11% | 10.37% |
Correlation
The correlation between PYEQX and GSGRX is 0.89, meaning they have usually moved in the same direction, including during past declines.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.89 |
Correlation (3Y) Balances recent behavior with more history. | 0.90 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.93 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.93 |
Correlation (All Time) Calculated using the full available price history since Jan 4, 1999 | 0.93 |
The correlation between PYEQX and GSGRX has been stable across timeframes, ranging from 0.89 to 0.93 - a consistent structural relationship.
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Return for Risk
PYEQX vs. GSGRX — Risk / Return Rank
PYEQX
GSGRX
PYEQX vs. GSGRX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Pioneer Equity Income Y (PYEQX) and Goldman Sachs Equity Income Fund (GSGRX). 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.
| PYEQX | GSGRX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.55 | ||
| Sortino ratioReturn per unit of downside risk | -0.78 | ||
| Omega ratioGain probability vs. loss probability | 1.38 | 1.49 | -0.11 |
| Calmar ratioReturn relative to maximum drawdown | 3.09 | 5.14 | -2.05 |
| Martin ratioReturn relative to average drawdown | 10.18 | 20.31 | -10.12 |
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Drawdowns
PYEQX vs. GSGRX - Drawdown Comparison
The maximum PYEQX drawdown since its inception was -53.72%, roughly equal to the maximum GSGRX drawdown of -54.44%. Use the drawdown chart below to compare losses from any high point for PYEQX and GSGRX.
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Drawdown Indicators
| PYEQX | GSGRX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -53.72% | -54.44% | +0.72% |
Max Drawdown (1Y)Largest decline over 1 year | -7.97% | -5.48% | -2.49% |
Max Drawdown (3Y)Largest decline over 3 years | -16.77% | -19.02% | +2.25% |
Max Drawdown (5Y)Largest decline over 5 years | -20.14% | -19.02% | -1.12% |
Max Drawdown (10Y)Largest decline over 10 years | -37.88% | -35.11% | -2.77% |
Current DrawdownCurrent decline from peak | 0.00% | 0.00% | 0.00% |
Average DrawdownAverage peak-to-trough decline | -7.62% | -10.33% | +2.71% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.42% | 1.38% | +1.04% |
Volatility
PYEQX vs. GSGRX - Volatility Comparison
Pioneer Equity Income Y (PYEQX) has a higher volatility of 3.32% compared to Goldman Sachs Equity Income Fund (GSGRX) at 2.61%. This indicates that PYEQX's price experiences larger fluctuations and is considered to be riskier than GSGRX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PYEQX | GSGRX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.32% | 2.61% | +0.71% |
Volatility (6M)Calculated over the trailing 6-month period | 8.36% | 7.89% | +0.47% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.37% | 10.35% | +1.02% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.24% | 16.11% | -0.87% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.17% | 17.14% | +0.03% |
PYEQX vs. GSGRX - Expense Ratio Comparison
PYEQX has a 0.81% expense ratio, which is lower than GSGRX's 1.20% expense ratio.
Dividends
PYEQX vs. GSGRX - Dividend Comparison
PYEQX's dividend yield for the trailing twelve months is around 7.82%, less than GSGRX's 8.36% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GSGRX Goldman Sachs Equity Income Fund | 8.36% | 9.72% | 18.35% | 4.70% | 4.42% | 8.01% | 1.52% | 5.56% | 2.67% | 1.69% | 1.79% | 1.90% |
PYEQX Pioneer Equity Income Y | 7.82% | 8.95% | 39.97% | 17.70% | 12.73% | 9.44% | 1.77% | 4.15% | 7.99% | 5.46% | 13.20% | 10.34% |
Frequently Asked Questions
PYEQX and GSGRX have a correlation of 0.89, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
PYEQX has higher volatility (3.32%) compared to GSGRX (2.61%). In terms of maximum drawdown, PYEQX dropped -53.72% vs GSGRX's -54.44%.
GSGRX currently has the higher Sharpe Ratio (2.73 vs 2.17), 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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