VGWLX vs. PMAIX
Compare and contrast key facts about Vanguard Global Wellington Fund Investor Shares (VGWLX) and Pioneer Multi-Asset Income Fund A (PMAIX).
VGWLX is managed by Vanguard. It was launched on Nov 2, 2017. PMAIX is managed by Amundi. It was launched on Dec 22, 2011.
Performance
VGWLX vs. PMAIX - Performance Comparison
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VGWLX vs. PMAIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
VGWLX Vanguard Global Wellington Fund Investor Shares | 2.64% | 17.34% | 6.13% | 12.40% | -7.22% | 13.36% | 7.40% | 22.05% | -5.13% |
PMAIX Pioneer Multi-Asset Income Fund A | 1.34% | 23.03% | 6.09% | 7.32% | -0.79% | 12.00% | 5.35% | 10.88% | -6.64% |
Returns By Period
In the year-to-date period, VGWLX achieves a 2.64% return, which is significantly higher than PMAIX's 1.34% return.
VGWLX
- 1D
- 1.62%
- 1M
- -4.29%
- YTD
- 2.64%
- 6M
- 6.98%
- 1Y
- 15.77%
- 3Y*
- 11.75%
- 5Y*
- 7.54%
- 10Y*
- —
PMAIX
- 1D
- 0.54%
- 1M
- -2.74%
- YTD
- 1.34%
- 6M
- 4.36%
- 1Y
- 17.30%
- 3Y*
- 12.04%
- 5Y*
- 7.98%
- 10Y*
- 8.51%
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VGWLX vs. PMAIX - Expense Ratio Comparison
VGWLX has a 0.42% expense ratio, which is lower than PMAIX's 0.85% expense ratio.
Return for Risk
VGWLX vs. PMAIX — Risk / Return Rank
VGWLX
PMAIX
VGWLX vs. PMAIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard Global Wellington Fund Investor Shares (VGWLX) 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.
| VGWLX | PMAIX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.62 | 2.43 | -0.81 |
Sortino ratioReturn per unit of downside risk | 2.23 | 3.08 | -0.84 |
Omega ratioGain probability vs. loss probability | 1.33 | 1.52 | -0.19 |
Calmar ratioReturn relative to maximum drawdown | 2.27 | 2.50 | -0.24 |
Martin ratioReturn relative to average drawdown | 8.91 | 11.66 | -2.75 |
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
| VGWLX | PMAIX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.62 | 2.43 | -0.81 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.83 | 1.11 | -0.28 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 1.13 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.74 | 1.12 | -0.38 |
Correlation
The correlation between VGWLX and PMAIX is 0.70, 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
VGWLX vs. PMAIX - Dividend Comparison
VGWLX's dividend yield for the trailing twelve months is around 6.46%, more than PMAIX's 5.79% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VGWLX Vanguard Global Wellington Fund Investor Shares | 6.46% | 6.66% | 7.34% | 2.54% | 4.36% | 3.23% | 1.54% | 1.99% | 2.51% | 0.00% | 0.00% | 0.00% |
PMAIX Pioneer Multi-Asset Income Fund A | 5.79% | 6.29% | 5.30% | 5.14% | 4.53% | 5.50% | 5.39% | 5.78% | 5.83% | 6.69% | 5.53% | 5.92% |
Drawdowns
VGWLX vs. PMAIX - Drawdown Comparison
The maximum VGWLX drawdown since its inception was -25.28%, roughly equal to the maximum PMAIX drawdown of -24.12%. Use the drawdown chart below to compare losses from any high point for VGWLX and PMAIX.
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Drawdown Indicators
| VGWLX | PMAIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -25.28% | -24.12% | -1.16% |
Max Drawdown (1Y)Largest decline over 1 year | -7.03% | -7.06% | +0.03% |
Max Drawdown (5Y)Largest decline over 5 years | -17.52% | -13.97% | -3.55% |
Max Drawdown (10Y)Largest decline over 10 years | — | -24.12% | — |
Current DrawdownCurrent decline from peak | -4.96% | -3.10% | -1.86% |
Average DrawdownAverage peak-to-trough decline | -2.98% | -2.69% | -0.29% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.79% | 1.52% | +0.27% |
Volatility
VGWLX vs. PMAIX - Volatility Comparison
Vanguard Global Wellington Fund Investor Shares (VGWLX) has a higher volatility of 3.87% compared to Pioneer Multi-Asset Income Fund A (PMAIX) at 2.29%. This indicates that VGWLX'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
| VGWLX | PMAIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.87% | 2.29% | +1.58% |
Volatility (6M)Calculated over the trailing 6-month period | 6.01% | 4.18% | +1.83% |
Volatility (1Y)Calculated over the trailing 1-year period | 9.69% | 7.19% | +2.50% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 9.13% | 7.20% | +1.93% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 11.00% | 7.58% | +3.42% |