TYHYX vs. PMFYX
Compare and contrast key facts about Pioneer High Yield Fund (TYHYX) and Pioneer Multi-Asset Income Fund (PMFYX).
TYHYX is managed by Amundi. It was launched on Feb 12, 1998. PMFYX is managed by Amundi. It was launched on Dec 21, 2011.
Performance
TYHYX vs. PMFYX - Performance Comparison
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TYHYX vs. PMFYX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
TYHYX Pioneer High Yield Fund | -0.80% | 7.99% | 6.55% | 9.17% | -11.19% | 5.99% | 3.35% | 14.36% | -3.30% | 7.87% |
PMFYX Pioneer Multi-Asset Income Fund | 1.37% | 23.15% | 6.28% | 7.04% | -0.34% | 12.25% | 5.38% | 11.13% | -5.91% | 18.23% |
Returns By Period
In the year-to-date period, TYHYX achieves a -0.80% return, which is significantly lower than PMFYX's 1.37% return. Over the past 10 years, TYHYX has underperformed PMFYX with an annualized return of 4.98%, while PMFYX has yielded a comparatively higher 8.66% annualized return.
TYHYX
- 1D
- 0.58%
- 1M
- -1.69%
- YTD
- -0.80%
- 6M
- 0.74%
- 1Y
- 5.77%
- 3Y*
- 6.55%
- 5Y*
- 2.85%
- 10Y*
- 4.98%
PMFYX
- 1D
- 0.46%
- 1M
- -2.76%
- YTD
- 1.37%
- 6M
- 4.45%
- 1Y
- 17.47%
- 3Y*
- 12.07%
- 5Y*
- 8.12%
- 10Y*
- 8.66%
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TYHYX vs. PMFYX - Expense Ratio Comparison
TYHYX has a 0.85% expense ratio, which is higher than PMFYX's 0.65% expense ratio.
Return for Risk
TYHYX vs. PMFYX — Risk / Return Rank
TYHYX
PMFYX
TYHYX vs. PMFYX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Pioneer High Yield Fund (TYHYX) 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.
| TYHYX | PMFYX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.61 | 2.46 | -0.85 |
Sortino ratioReturn per unit of downside risk | 2.25 | 3.11 | -0.86 |
Omega ratioGain probability vs. loss probability | 1.38 | 1.53 | -0.14 |
Calmar ratioReturn relative to maximum drawdown | 1.93 | 2.52 | -0.59 |
Martin ratioReturn relative to average drawdown | 7.80 | 11.71 | -3.91 |
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
| TYHYX | PMFYX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.61 | 2.46 | -0.85 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.65 | 1.13 | -0.47 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.96 | 1.14 | -0.18 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.91 | 1.14 | -0.23 |
Correlation
The correlation between TYHYX and PMFYX is 0.67, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Dividends
TYHYX vs. PMFYX - Dividend Comparison
TYHYX's dividend yield for the trailing twelve months is around 5.42%, less than PMFYX's 5.96% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
TYHYX Pioneer High Yield Fund | 5.42% | 5.91% | 4.13% | 4.10% | 5.23% | 4.44% | 5.23% | 5.17% | 5.13% | 4.97% | 5.12% | 6.29% |
PMFYX Pioneer Multi-Asset Income Fund | 5.96% | 6.48% | 5.48% | 4.87% | 5.00% | 5.70% | 5.58% | 6.00% | 6.07% | 6.88% | 5.72% | 6.14% |
Drawdowns
TYHYX vs. PMFYX - Drawdown Comparison
The maximum TYHYX drawdown since its inception was -40.86%, which is greater than PMFYX's maximum drawdown of -24.23%. Use the drawdown chart below to compare losses from any high point for TYHYX and PMFYX.
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Drawdown Indicators
| TYHYX | PMFYX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -40.86% | -24.23% | -16.63% |
Max Drawdown (1Y)Largest decline over 1 year | -3.33% | -7.09% | +3.76% |
Max Drawdown (5Y)Largest decline over 5 years | -14.11% | -13.62% | -0.49% |
Max Drawdown (10Y)Largest decline over 10 years | -23.73% | -24.23% | +0.50% |
Current DrawdownCurrent decline from peak | -1.82% | -3.12% | +1.30% |
Average DrawdownAverage peak-to-trough decline | -4.01% | -2.62% | -1.39% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.82% | 1.53% | -0.71% |
Volatility
TYHYX vs. PMFYX - Volatility Comparison
The current volatility for Pioneer High Yield Fund (TYHYX) is 1.41%, while Pioneer Multi-Asset Income Fund (PMFYX) has a volatility of 2.29%. This indicates that TYHYX experiences smaller price fluctuations and is considered to be less risky than PMFYX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| TYHYX | PMFYX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.41% | 2.29% | -0.88% |
Volatility (6M)Calculated over the trailing 6-month period | 2.16% | 4.14% | -1.98% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.70% | 7.16% | -3.46% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.38% | 7.23% | -2.85% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.20% | 7.60% | -2.40% |