VGWLX vs. PMFYX
Compare and contrast key facts about Vanguard Global Wellington Fund Investor Shares (VGWLX) and Pioneer Multi-Asset Income Fund (PMFYX).
VGWLX is managed by Vanguard. It was launched on Nov 2, 2017. PMFYX is managed by Amundi US. It was launched on Dec 21, 2011.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: VGWLX or PMFYX.
Key characteristics
| VGWLX | PMFYX | |
|---|---|---|
| YTD Return | 9.15% | 9.91% |
| 1Y Return | 15.36% | 13.65% |
| 3Y Return (Ann) | 5.62% | 7.17% |
| 5Y Return (Ann) | 7.79% | 8.37% |
| Sharpe Ratio | 2.11 | 2.44 |
| Daily Std Dev | 7.26% | 5.58% |
| Max Drawdown | -25.28% | -24.23% |
| Current Drawdown | -0.47% | 0.00% |
Correlation
The correlation between VGWLX and PMFYX is 0.68, 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.
Performance
VGWLX vs. PMFYX - Performance Comparison
In the year-to-date period, VGWLX achieves a 9.15% return, which is significantly lower than PMFYX's 9.91% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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VGWLX vs. PMFYX - Expense Ratio Comparison
VGWLX has a 0.42% expense ratio, which is lower than PMFYX's 0.65% expense ratio.
Risk-Adjusted Performance
VGWLX vs. PMFYX - Risk-Adjusted Performance 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 (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.
Dividends
VGWLX vs. PMFYX - Dividend Comparison
VGWLX's dividend yield for the trailing twelve months is around 2.21%, less than PMFYX's 7.25% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VGWLX Vanguard Global Wellington Fund Investor Shares | 2.21% | 2.54% | 4.36% | 3.23% | 1.54% | 1.99% | 2.52% | 0.22% | 0.00% | 0.00% | 0.00% | 0.00% |
PMFYX Pioneer Multi-Asset Income Fund | 7.25% | 6.82% | 5.88% | 5.56% | 5.58% | 5.98% | 6.03% | 6.86% | 5.76% | 6.16% | 6.47% | 5.55% |
Drawdowns
VGWLX vs. PMFYX - Drawdown Comparison
The maximum VGWLX drawdown since its inception was -25.28%, roughly equal to the maximum PMFYX drawdown of -24.23%. Use the drawdown chart below to compare losses from any high point for VGWLX and PMFYX. For additional features, visit the drawdowns tool.
Volatility
VGWLX vs. PMFYX - Volatility Comparison
Vanguard Global Wellington Fund Investor Shares (VGWLX) has a higher volatility of 1.89% compared to Pioneer Multi-Asset Income Fund (PMFYX) at 1.24%. This indicates that VGWLX's price experiences larger fluctuations and is considered to be riskier than PMFYX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.