TIBAX vs. PMAIX
Compare and contrast key facts about Thornburg Investment Income Builder Fund (TIBAX) and Pioneer Multi-Asset Income Fund A (PMAIX).
TIBAX is managed by Thornburg. It was launched on Dec 23, 2002. PMAIX is managed by Amundi. It was launched on Dec 22, 2011.
Performance
TIBAX vs. PMAIX - Performance Comparison
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TIBAX vs. PMAIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
TIBAX Thornburg Investment Income Builder Fund | 7.98% | 36.62% | 13.23% | 18.01% | -7.95% | 20.08% | -0.67% | 17.72% | -4.54% | 14.83% |
PMAIX Pioneer Multi-Asset Income Fund A | 0.80% | 23.03% | 6.09% | 7.32% | -0.79% | 12.00% | 5.35% | 10.88% | -6.10% | 17.97% |
Returns By Period
In the year-to-date period, TIBAX achieves a 7.98% return, which is significantly higher than PMAIX's 0.80% return. Over the past 10 years, TIBAX has outperformed PMAIX with an annualized return of 11.70%, while PMAIX has yielded a comparatively lower 8.45% annualized return.
TIBAX
- 1D
- 0.31%
- 1M
- -4.88%
- YTD
- 7.98%
- 6M
- 15.33%
- 1Y
- 35.77%
- 3Y*
- 23.23%
- 5Y*
- 14.98%
- 10Y*
- 11.70%
PMAIX
- 1D
- 0.15%
- 1M
- -3.62%
- YTD
- 0.80%
- 6M
- 4.12%
- 1Y
- 16.77%
- 3Y*
- 11.84%
- 5Y*
- 7.92%
- 10Y*
- 8.45%
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TIBAX vs. PMAIX - Expense Ratio Comparison
TIBAX has a 1.14% expense ratio, which is higher than PMAIX's 0.85% expense ratio.
Return for Risk
TIBAX vs. PMAIX — Risk / Return Rank
TIBAX
PMAIX
TIBAX vs. PMAIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Thornburg Investment Income Builder Fund (TIBAX) 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.
| TIBAX | PMAIX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 3.33 | 2.39 | +0.94 |
Sortino ratioReturn per unit of downside risk | 4.24 | 3.02 | +1.22 |
Omega ratioGain probability vs. loss probability | 1.74 | 1.51 | +0.23 |
Calmar ratioReturn relative to maximum drawdown | 4.10 | 2.32 | +1.79 |
Martin ratioReturn relative to average drawdown | 20.22 | 10.88 | +9.34 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| TIBAX | PMAIX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 3.33 | 2.39 | +0.94 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.36 | 1.11 | +0.26 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.87 | 1.12 | -0.24 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.77 | 1.12 | -0.35 |
Correlation
The correlation between TIBAX and PMAIX is 0.75, 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
TIBAX vs. PMAIX - Dividend Comparison
TIBAX's dividend yield for the trailing twelve months is around 5.30%, less than PMAIX's 5.82% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
TIBAX Thornburg Investment Income Builder Fund | 5.30% | 5.64% | 5.44% | 4.67% | 5.62% | 5.10% | 4.11% | 4.23% | 4.49% | 4.22% | 3.83% | 4.31% |
PMAIX Pioneer Multi-Asset Income Fund A | 5.82% | 6.29% | 5.30% | 5.14% | 4.53% | 5.50% | 5.39% | 5.78% | 5.83% | 6.69% | 5.53% | 5.92% |
Drawdowns
TIBAX vs. PMAIX - Drawdown Comparison
The maximum TIBAX drawdown since its inception was -49.12%, which is greater than PMAIX's maximum drawdown of -24.12%. Use the drawdown chart below to compare losses from any high point for TIBAX and PMAIX.
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Drawdown Indicators
| TIBAX | PMAIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -49.12% | -24.12% | -25.00% |
Max Drawdown (1Y)Largest decline over 1 year | -8.57% | -7.06% | -1.51% |
Max Drawdown (5Y)Largest decline over 5 years | -20.94% | -13.97% | -6.97% |
Max Drawdown (10Y)Largest decline over 10 years | -34.85% | -24.12% | -10.73% |
Current DrawdownCurrent decline from peak | -5.13% | -3.62% | -1.51% |
Average DrawdownAverage peak-to-trough decline | -6.03% | -2.68% | -3.35% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.74% | 1.51% | +0.23% |
Volatility
TIBAX vs. PMAIX - Volatility Comparison
Thornburg Investment Income Builder Fund (TIBAX) has a higher volatility of 3.19% compared to Pioneer Multi-Asset Income Fund A (PMAIX) at 2.19%. This indicates that TIBAX'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.
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Volatility by Period
| TIBAX | PMAIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.19% | 2.19% | +1.00% |
Volatility (6M)Calculated over the trailing 6-month period | 6.35% | 4.15% | +2.20% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.70% | 7.19% | +3.51% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 11.04% | 7.20% | +3.84% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 13.43% | 7.58% | +5.85% |