SABPX vs. PMAIX

Last updated Aug 1, 2026

SABPX (Principal Strategic Asset Management Balanced Portfolio) and PMAIX (Pioneer Multi-Asset Income Fund A) are both Diversified Portfolio funds. Over the past 10 years, SABPX returned 8.61%/yr vs 8.48%/yr for PMAIX. Their 0.65 correlation means they have sometimes moved together and sometimes differently. SABPX charges 0.60%/yr vs 0.85%/yr for PMAIX.

Performance

SABPX vs. PMAIX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Principal Strategic Asset Management Balanced Portfolio (SABPX) and Pioneer Multi-Asset Income Fund A (PMAIX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

The year-to-date returns for both stocks are quite close, with SABPX having a 7.53% return and PMAIX slightly lower at 7.43%. Both investments have delivered pretty close results over the past 10 years, with SABPX having a 8.61% annualized return and PMAIX not far behind at 8.48%.

SABPX

• 1D: 1.09%
• 1M: 0.00%
• 6M: 5.36%
• YTD: 7.53%
• 1Y: 15.02%
• 3Y*: 14.57%
• 5Y*: 7.39%
• 10Y*: 8.61%
• ALL TIME*: 7.19%

PMAIX

• 1D: 0.07%
• 1M: 1.41%
• 6M: 4.84%
• YTD: 7.43%
• 1Y: 15.50%
• 3Y*: 12.50%
• 5Y*: 8.89%
• 10Y*: 8.48%
• ALL TIME*: 8.23%

*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)
PMAIX Pioneer Multi-Asset Income Fund A	$0.00	$0.00	$0.00
SABPX Principal Strategic Asset Management Balanced Portfolio	$0.00	$0.00	$0.00

SABPX vs. PMAIX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
SABPX Principal Strategic Asset Management Balanced Portfolio	7.53%	13.62%	18.04%	15.64%	-16.48%	13.14%	10.83%	19.57%	-5.44%	14.65%
PMAIX Pioneer Multi-Asset Income Fund A	7.43%	23.03%	6.09%	7.32%	-0.79%	12.00%	5.35%	10.88%	-6.10%	17.97%

Correlation

The correlation between SABPX and PMAIX is 0.53, 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.	0.53
Correlation (3Y) Balances recent behavior with more history.	0.54
Correlation (5Y) Shows whether the relationship held over a longer period.	0.59
Correlation (10Y) Provides a long-term view across more market conditions.	0.60
Correlation (All Time) Calculated using the full available price history since Dec 22, 2011	0.65

The correlation between SABPX and PMAIX shifts across timeframes, from 0.53 (1 year) to 0.65 (all time), reflecting how their relationship changes across market environments.

Return for Risk

SABPX vs. PMAIX — Risk / Return Rank

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

SABPX

SABPX Risk / Return Rank: 66
SABPX Sharpe Ratio Rank: 65
SABPX Sortino Ratio Rank: 64
SABPX Omega Ratio Rank: 65
SABPX Calmar Ratio Rank: 62
SABPX Martin Ratio Rank: 76

PMAIX

PMAIX Risk / Return Rank: 92
PMAIX Sharpe Ratio Rank: 95
PMAIX Sortino Ratio Rank: 94
PMAIX Omega Ratio Rank: 89
PMAIX Calmar Ratio Rank: 93
PMAIX Martin Ratio Rank: 92

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.

SABPX vs. PMAIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Principal Strategic Asset Management Balanced Portfolio (SABPX) and Pioneer Multi-Asset Income Fund A (PMAIX). 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.

	SABPX	PMAIX	Difference
Sharpe ratio: Return per unit of total volatility	1.57	2.54	-0.97
Sortino ratio: Return per unit of downside risk	2.22	3.79	-1.56
Omega ratio: Gain probability vs. loss probability	1.29	1.47	-0.18
Calmar ratio: Return relative to maximum drawdown	2.11	3.72	-1.61
Martin ratio: Return relative to average drawdown	9.27	12.91	-3.64

SABPX vs. PMAIX - Sharpe Ratio Comparison

The current SABPX Sharpe Ratio is 1.57, which is lower than the PMAIX Sharpe Ratio of 2.54. The chart below compares the historical Sharpe Ratios of SABPX and PMAIX, 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

SABPX vs. PMAIX - Drawdown Comparison

The maximum SABPX drawdown since its inception was -40.58%, which is greater than PMAIX's maximum drawdown of -24.12%. Use the drawdown chart below to compare losses from any high point for SABPX and PMAIX.

Drawdown Indicators

	SABPX	PMAIX	Difference
Max Drawdown Largest peak-to-trough decline	-40.58%	-24.12%	-16.46%
Max Drawdown (1Y) Largest decline over 1 year	-6.64%	-4.07%	-2.57%
Max Drawdown (3Y) Largest decline over 3 years	-10.61%	-7.99%	-2.62%
Max Drawdown (5Y) Largest decline over 5 years	-22.41%	-13.97%	-8.44%
Max Drawdown (10Y) Largest decline over 10 years	-25.29%	-24.12%	-1.17%
Current Drawdown Current decline from peak	-0.67%	-0.07%	-0.60%
Average Drawdown Average peak-to-trough decline	-5.00%	-2.64%	-2.36%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.51%	1.17%	+0.34%

Volatility

SABPX vs. PMAIX - Volatility Comparison

Principal Strategic Asset Management Balanced Portfolio (SABPX) has a higher volatility of 2.38% compared to Pioneer Multi-Asset Income Fund A (PMAIX) at 1.94%. This indicates that SABPX's price experiences larger fluctuations and is considered to be riskier than PMAIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	SABPX	PMAIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.38%	1.94%	+0.44%
Volatility (6M) Calculated over the trailing 6-month period	7.47%	4.87%	+2.60%
Volatility (1Y) Calculated over the trailing 1-year period	8.95%	5.97%	+2.98%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	10.95%	7.23%	+3.72%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	10.74%	7.52%	+3.22%

SABPX vs. PMAIX - Expense Ratio Comparison

SABPX has a 0.60% expense ratio, which is lower than PMAIX's 0.85% expense ratio.

Dividends

SABPX vs. PMAIX - Dividend Comparison

SABPX's dividend yield for the trailing twelve months is around 10.00%, more than PMAIX's 5.62% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
PMAIX Pioneer Multi-Asset Income Fund A	5.62%	6.29%	5.30%	5.14%	4.53%	5.50%	5.39%	5.78%	5.83%	6.69%	5.53%	5.92%
SABPX Principal Strategic Asset Management Balanced Portfolio	10.00%	10.71%	11.81%	1.64%	8.16%	9.60%	3.13%	4.05%	9.79%	6.97%	3.58%	8.20%

Frequently Asked Questions

Can I hold both SABPX and PMAIX in my portfolio?

SABPX and PMAIX have a correlation of 0.53, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, SABPX or PMAIX?

SABPX has higher volatility (2.38%) compared to PMAIX (1.94%). In terms of maximum drawdown, SABPX dropped -40.58% vs PMAIX's -24.12%.

Which has better risk-adjusted returns?

PMAIX currently has the higher Sharpe Ratio (2.54 vs 1.57), 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.