RAPZX vs. PMFYX
RAPZX (Cohen & Steers Real Assets Fund Inc) and PMFYX (Pioneer Multi-Asset Income Fund) are both Global Allocation funds. Over the past 10 years, RAPZX returned 6.34%/yr vs 8.78%/yr for PMFYX. A 0.63 correlation means they provide meaningful diversification when combined. RAPZX charges 0.80%/yr vs 0.65%/yr for PMFYX.
Performance
RAPZX vs. PMFYX - Performance Comparison
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Returns By Period
In the year-to-date period, RAPZX achieves a 10.26% return, which is significantly higher than PMFYX's 4.83% return. Over the past 10 years, RAPZX has underperformed PMFYX with an annualized return of 6.34%, while PMFYX has yielded a comparatively higher 8.78% annualized return.
RAPZX
- 1D
- -0.57%
- 1M
- -4.03%
- YTD
- 10.26%
- 6M
- 10.36%
- 1Y
- 12.20%
- 3Y*
- 9.97%
- 5Y*
- 7.18%
- 10Y*
- 6.34%
PMFYX
- 1D
- -0.37%
- 1M
- 0.41%
- YTD
- 4.83%
- 6M
- 5.25%
- 1Y
- 14.78%
- 3Y*
- 12.81%
- 5Y*
- 8.25%
- 10Y*
- 8.78%
RAPZX vs. PMFYX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
RAPZX Cohen & Steers Real Assets Fund Inc | 10.26% | 11.96% | 4.35% | 3.88% | -2.05% | 23.51% | -0.84% | 17.77% | -8.44% | 6.51% |
PMFYX Pioneer Multi-Asset Income Fund | 4.83% | 23.15% | 6.28% | 7.04% | -0.34% | 12.25% | 5.38% | 11.13% | -5.91% | 18.23% |
Correlation
The correlation between RAPZX and PMFYX is 0.48, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.48 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.61 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.67 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.63 |
Correlation (All Time) Calculated using the full available price history since Jan 2, 2013 | 0.63 |
The correlation between RAPZX and PMFYX shifts across timeframes, from 0.48 (1 year) to 0.67 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
RAPZX vs. PMFYX — Risk / Return Rank
RAPZX
PMFYX
RAPZX vs. PMFYX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Cohen & Steers Real Assets Fund Inc (RAPZX) 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.
| RAPZX | PMFYX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.35 | ||
| Sortino ratioReturn per unit of downside risk | -2.33 | ||
| Omega ratioGain probability vs. loss probability | 1.23 | 1.48 | -0.24 |
| Calmar ratioReturn relative to maximum drawdown | 2.04 | 3.66 | -1.62 |
| Martin ratioReturn relative to average drawdown | 6.83 | 12.86 | -6.03 |
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Drawdowns
RAPZX vs. PMFYX - Drawdown Comparison
The maximum RAPZX drawdown since its inception was -30.69%, which is greater than PMFYX's maximum drawdown of -24.23%. Use the drawdown chart below to compare losses from any high point for RAPZX and PMFYX.
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Drawdown Indicators
| RAPZX | PMFYX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -30.69% | -24.23% | -6.46% |
Max Drawdown (1Y)Largest decline over 1 year | -5.96% | -4.08% | -1.88% |
Max Drawdown (3Y)Largest decline over 3 years | -8.84% | -7.92% | -0.92% |
Max Drawdown (5Y)Largest decline over 5 years | -19.31% | -13.62% | -5.69% |
Max Drawdown (10Y)Largest decline over 10 years | -30.69% | -24.23% | -6.46% |
Current DrawdownCurrent decline from peak | -5.08% | -1.12% | -3.96% |
Average DrawdownAverage peak-to-trough decline | -8.04% | -2.60% | -5.44% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.77% | 1.16% | +0.61% |
Volatility
RAPZX vs. PMFYX - Volatility Comparison
Cohen & Steers Real Assets Fund Inc (RAPZX) and Pioneer Multi-Asset Income Fund (PMFYX) have volatilities of 2.19% and 2.27%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| RAPZX | PMFYX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.19% | 2.27% | -0.08% |
Volatility (6M)Calculated over the trailing 6-month period | 8.87% | 4.72% | +4.15% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.30% | 5.90% | +4.40% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 12.82% | 7.30% | +5.52% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 12.77% | 7.62% | +5.15% |
RAPZX vs. PMFYX - Expense Ratio Comparison
RAPZX has a 0.80% expense ratio, which is higher than PMFYX's 0.65% expense ratio.
Dividends
RAPZX vs. PMFYX - Dividend Comparison
RAPZX's dividend yield for the trailing twelve months is around 1.31%, less than PMFYX's 6.37% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PMFYX Pioneer Multi-Asset Income Fund | 6.37% | 6.48% | 5.48% | 4.87% | 5.00% | 5.70% | 5.58% | 6.00% | 6.07% | 6.88% | 5.72% | 6.14% |
RAPZX Cohen & Steers Real Assets Fund Inc | 1.31% | 1.44% | 3.20% | 2.71% | 3.08% | 9.61% | 1.71% | 2.85% | 2.06% | 1.76% | 2.83% | 2.00% |
Frequently Asked Questions
RAPZX and PMFYX have a correlation of 0.48, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
PMFYX has higher volatility (2.27%) compared to RAPZX (2.19%). In terms of maximum drawdown, RAPZX dropped -30.69% vs PMFYX's -24.23%.
PMFYX currently has the higher Sharpe Ratio (2.53 vs 1.18), 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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