PYEQX vs. PIODX

Last updated Apr 1, 2026

Compare and contrast key facts about Pioneer Equity Income Y (PYEQX) and Pioneer Fund (PIODX).

PYEQX is managed by Amundi. It was launched on Jul 25, 1990. PIODX is managed by Amundi. It was launched on Feb 10, 1928.

Performance

PYEQX vs. PIODX - Performance Comparison

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

PYEQX vs. PIODX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
PYEQX Pioneer Equity Income Y	2.32%	11.46%	11.46%	7.54%	-7.92%	25.56%	0.09%	25.76%	-8.70%	15.27%
PIODX Pioneer Fund	-4.16%	23.30%	22.62%	28.45%	-19.43%	27.40%	24.01%	31.04%	-1.48%	21.79%

Returns By Period

In the year-to-date period, PYEQX achieves a 2.32% return, which is significantly higher than PIODX's -4.16% return. Over the past 10 years, PYEQX has underperformed PIODX with an annualized return of 9.09%, while PIODX has yielded a comparatively higher 14.89% annualized return.

PYEQX

• 1D: 0.16%
• 1M: -4.46%
• YTD: 2.32%
• 6M: 6.13%
• 1Y: 11.49%
• 3Y*: 10.71%
• 5Y*: 7.58%
• 10Y*: 9.09%

PIODX

• 1D: -0.73%
• 1M: -8.92%
• YTD: -4.16%
• 6M: 0.23%
• 1Y: 27.06%
• 3Y*: 21.05%
• 5Y*: 12.41%
• 10Y*: 14.89%

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

PYEQX vs. PIODX - Expense Ratio Comparison

PYEQX has a 0.81% expense ratio, which is lower than PIODX's 1.06% expense ratio.

PIODX

Pioneer Fund

PYEQX

Pioneer Equity Income Y

Return for Risk

PYEQX vs. PIODX — Risk / Return Rank

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

PYEQX

PYEQX Risk / Return Rank: 32
PYEQX Sharpe Ratio Rank: 33
PYEQX Sortino Ratio Rank: 32
PYEQX Omega Ratio Rank: 33
PYEQX Calmar Ratio Rank: 30
PYEQX Martin Ratio Rank: 31

PIODX

PIODX Risk / Return Rank: 77
PIODX Sharpe Ratio Rank: 73
PIODX Sortino Ratio Rank: 76
PIODX Omega Ratio Rank: 73
PIODX Calmar Ratio Rank: 81
PIODX Martin Ratio Rank: 85

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.

PYEQX vs. PIODX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Pioneer Equity Income Y (PYEQX) and Pioneer Fund (PIODX). 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.

	PYEQX	PIODX	Difference
Sharpe ratio Return per unit of total volatility	0.77	1.28	-0.51
Sortino ratio Return per unit of downside risk	1.14	1.87	-0.73
Omega ratio Gain probability vs. loss probability	1.17	1.27	-0.10
Calmar ratio Return relative to maximum drawdown	0.86	1.92	-1.06
Martin ratio Return relative to average drawdown	3.38	8.74	-5.35
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

PYEQX vs. PIODX - Sharpe Ratio Comparison

The current PYEQX Sharpe Ratio is 0.77, which is lower than the PIODX Sharpe Ratio of 1.28. The chart below compares the historical Sharpe Ratios of PYEQX and PIODX, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	PYEQX	PIODX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.77	1.28	-0.51
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.50	0.65	-0.16
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.53	0.80	-0.26
Sharpe Ratio (All Time) Calculated using the full available price history	0.41	0.52	-0.11

Correlation

The correlation between PYEQX and PIODX is 0.89, 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

PYEQX vs. PIODX - Dividend Comparison

PYEQX's dividend yield for the trailing twelve months is around 8.67%, less than PIODX's 10.46% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
PYEQX Pioneer Equity Income Y	8.67%	8.95%	39.97%	17.70%	12.73%	9.44%	1.77%	4.15%	7.99%	5.46%	13.20%	10.34%
PIODX Pioneer Fund	10.46%	10.04%	14.17%	2.86%	4.13%	16.18%	5.82%	9.37%	15.37%	21.35%	20.51%	14.53%

Drawdowns

PYEQX vs. PIODX - Drawdown Comparison

The maximum PYEQX drawdown since its inception was -53.72%, roughly equal to the maximum PIODX drawdown of -53.40%. Use the drawdown chart below to compare losses from any high point for PYEQX and PIODX.

Drawdown Indicators

	PYEQX	PIODX	Difference
Max Drawdown Largest peak-to-trough decline	-53.72%	-53.40%	-0.32%
Max Drawdown (1Y) Largest decline over 1 year	-13.20%	-12.75%	-0.45%
Max Drawdown (5Y) Largest decline over 5 years	-20.14%	-26.55%	+6.41%
Max Drawdown (10Y) Largest decline over 10 years	-37.88%	-30.14%	-7.74%
Current Drawdown Current decline from peak	-6.56%	-9.99%	+3.43%
Average Drawdown Average peak-to-trough decline	-7.69%	-8.62%	+0.93%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.37%	2.80%	+0.57%

Volatility

PYEQX vs. PIODX - Volatility Comparison

The current volatility for Pioneer Equity Income Y (PYEQX) is 3.16%, while Pioneer Fund (PIODX) has a volatility of 5.29%. This indicates that PYEQX experiences smaller price fluctuations and is considered to be less risky than PIODX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	PYEQX	PIODX	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.16%	5.29%	-2.13%
Volatility (6M) Calculated over the trailing 6-month period	8.55%	11.51%	-2.96%
Volatility (1Y) Calculated over the trailing 1-year period	16.84%	21.40%	-4.56%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.30%	19.06%	-3.76%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.17%	18.78%	-1.61%