PYEQX vs. PINDX

Last updated Aug 4, 2026

PYEQX (Pioneer Equity Income Y) and PINDX (Pioneer Disciplined Growth Fund) are both mutual funds - PYEQX is a Dividend fund managed by Amundi, while PINDX is a Large Cap Growth Equities fund managed by Amundi. Over the past 10 years, PYEQX returned 9.80%/yr vs 15.99%/yr for PINDX. Their correlation of 0.82 means they have usually moved in the same direction. PYEQX charges 0.81%/yr vs 1.05%/yr for PINDX.

Performance

PYEQX vs. PINDX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Pioneer Equity Income Y (PYEQX) and Pioneer Disciplined Growth Fund (PINDX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, PYEQX achieves a 14.32% return, which is significantly higher than PINDX's 8.48% return. Over the past 10 years, PYEQX has underperformed PINDX with an annualized return of 9.80%, while PINDX has yielded a comparatively higher 15.99% annualized return.

PYEQX

• 1D: 0.35%
• 1M: 2.65%
• 6M: 8.79%
• YTD: 14.32%
• 1Y: 23.59%
• 3Y*: 12.83%
• 5Y*: 8.68%
• 10Y*: 9.80%
• ALL TIME*: 7.61%

PINDX

• 1D: 1.36%
• 1M: -0.30%
• 6M: 7.77%
• YTD: 8.48%
• 1Y: 17.86%
• 3Y*: 17.84%
• 5Y*: 11.42%
• 10Y*: 15.99%
• ALL TIME*: 9.35%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
PINDX Pioneer Disciplined Growth Fund	$0.00	$0.00	$0.00
PYEQX Pioneer Equity Income Y	$0.00	$0.00	$0.00

PYEQX vs. PINDX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
PYEQX Pioneer Equity Income Y	14.32%	11.46%	11.46%	7.54%	-7.92%	25.56%	0.09%	25.76%	-8.70%	15.27%
PINDX Pioneer Disciplined Growth Fund	8.48%	21.16%	19.33%	28.67%	-21.49%	25.59%	34.78%	35.61%	-5.08%	26.41%

Correlation

The correlation between PYEQX and PINDX is 0.30, which is low. Their historical price movements had little consistent relationship.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.30
Correlation (3Y) Balances recent behavior with more history.	0.49
Correlation (5Y) Shows whether the relationship held over a longer period.	0.66
Correlation (10Y) Provides a long-term view across more market conditions.	0.71
Correlation (All Time) Calculated using the full available price history since Jan 4, 1999	0.82

Over the past year, the correlation between PYEQX and PINDX has dropped to 0.30 - well below their long-term average of 0.82, suggesting their price drivers have been diverging.

Return for Risk

PYEQX vs. PINDX — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

PYEQX

PYEQX Risk / Return Rank: 75
PYEQX Sharpe Ratio Rank: 79
PYEQX Sortino Ratio Rank: 78
PYEQX Omega Ratio Rank: 72
PYEQX Calmar Ratio Rank: 79
PYEQX Martin Ratio Rank: 67

PINDX

PINDX Risk / Return Rank: 22
PINDX Sharpe Ratio Rank: 23
PINDX Sortino Ratio Rank: 22
PINDX Omega Ratio Rank: 22
PINDX Calmar Ratio Rank: 21
PINDX Martin Ratio Rank: 23

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

PYEQX vs. PINDX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Pioneer Equity Income Y (PYEQX) and Pioneer Disciplined Growth Fund (PINDX). 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	PINDX	Difference
Sharpe ratio: Return per unit of total volatility	1.92	0.87	+1.05
Sortino ratio: Return per unit of downside risk	2.73	1.29	+1.44
Omega ratio: Gain probability vs. loss probability	1.33	1.16	+0.18
Calmar ratio: Return relative to maximum drawdown	2.75	1.06	+1.69
Martin ratio: Return relative to average drawdown	9.07	3.41	+5.66

PYEQX vs. PINDX - Sharpe Ratio Comparison

The current PYEQX Sharpe Ratio is 1.92, which is higher than the PINDX Sharpe Ratio of 0.87. The chart below compares the historical Sharpe Ratios of PYEQX and PINDX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

PYEQX vs. PINDX - Drawdown Comparison

The maximum PYEQX drawdown since its inception was -53.72%, roughly equal to the maximum PINDX drawdown of -52.37%. Use the drawdown chart below to compare losses from any high point for PYEQX and PINDX.

Drawdown Indicators

	PYEQX	PINDX	Difference
Max Drawdown Largest peak-to-trough decline	-53.72%	-52.37%	-1.35%
Max Drawdown (1Y) Largest decline over 1 year	-7.97%	-14.64%	+6.67%
Max Drawdown (3Y) Largest decline over 3 years	-16.77%	-23.52%	+6.75%
Max Drawdown (5Y) Largest decline over 5 years	-20.14%	-28.77%	+8.63%
Max Drawdown (10Y) Largest decline over 10 years	-37.88%	-29.82%	-8.06%
Current Drawdown Current decline from peak	-0.73%	-3.36%	+2.63%
Average Drawdown Average peak-to-trough decline	-7.62%	-11.43%	+3.81%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.42%	4.55%	-2.13%

Volatility

PYEQX vs. PINDX - Volatility Comparison

The current volatility for Pioneer Equity Income Y (PYEQX) is 3.48%, while Pioneer Disciplined Growth Fund (PINDX) has a volatility of 4.84%. This indicates that PYEQX experiences smaller price fluctuations and is considered to be less risky than PINDX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	PYEQX	PINDX	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.48%	4.84%	-1.36%
Volatility (6M) Calculated over the trailing 6-month period	8.34%	13.84%	-5.50%
Volatility (1Y) Calculated over the trailing 1-year period	11.45%	17.82%	-6.37%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.23%	19.98%	-4.75%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.16%	19.62%	-2.46%

PYEQX vs. PINDX - Expense Ratio Comparison

PYEQX has a 0.81% expense ratio, which is lower than PINDX's 1.05% expense ratio.

Dividends

PYEQX vs. PINDX - Dividend Comparison

PYEQX's dividend yield for the trailing twelve months is around 7.88%, more than PINDX's 4.16% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
PINDX Pioneer Disciplined Growth Fund	4.16%	4.51%	6.34%	0.17%	7.23%	33.14%	27.35%	5.20%	26.83%	12.86%	8.57%	6.14%
PYEQX Pioneer Equity Income Y	7.88%	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

Can I hold both PYEQX and PINDX in my portfolio?

PYEQX and PINDX have a correlation of 0.30, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, PYEQX or PINDX?

PINDX has higher volatility (4.84%) compared to PYEQX (3.48%). In terms of maximum drawdown, PYEQX dropped -53.72% vs PINDX's -52.37%.

Which has better risk-adjusted returns?

PYEQX currently has the higher Sharpe Ratio (1.92 vs 0.87), 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.