XILSX vs. PBMFX
XILSX (Pioneer ILS Interval Fund) and PBMFX (Pioneer AMT Free Municipal Fund) are both mutual funds - XILSX is a High Yield Bonds fund managed by Amundi, while PBMFX is a Municipal Bonds fund managed by Amundi. Over the past 5 years, XILSX returned 12.59%/yr vs -2.68%/yr for PBMFX. Their 0.07 correlation means their historical movements had little consistent relationship. XILSX charges 1.88%/yr vs 0.78%/yr for PBMFX.
Performance
XILSX vs. PBMFX - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, XILSX achieves a 10.04% return, which is significantly higher than PBMFX's -0.63% return.
XILSX
- 1D
- 0.00%
- 1M
- 0.95%
- 6M
- 8.36%
- YTD
- 10.04%
- 1Y
- 23.43%
- 3Y*
- 19.09%
- 5Y*
- 12.59%
- 10Y*
- —
- ALL TIME*
- 6.48%
PBMFX
- 1D
- -0.66%
- 1M
- -3.23%
- 6M
- -1.11%
- YTD
- -0.63%
- 1Y
- 4.95%
- 3Y*
- 0.43%
- 5Y*
- -2.68%
- 10Y*
- 0.48%
- ALL TIME*
- 2.27%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $0.00 | $0.00 | $0.00 |
XILSX vs. PBMFX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
XILSX Pioneer ILS Interval Fund | 10.04% | 18.70% | 18.93% | 18.65% | 1.23% | -1.10% | 7.37% | 2.60% | -2.11% | -8.83% |
PBMFX Pioneer AMT Free Municipal Fund | -0.63% | -1.43% | 0.80% | 7.15% | -17.35% | 1.54% | 6.75% | 9.82% | 0.11% | 5.94% |
Correlation
The correlation between XILSX and PBMFX is 0.10, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.10 |
Correlation (3Y) Balances recent behavior with more history. | 0.11 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.09 |
Correlation (All Time) Calculated using the full available price history since Feb 1, 2017 | 0.07 |
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
XILSX vs. PBMFX — Risk / Return Rank
XILSX
PBMFX
XILSX vs. PBMFX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Pioneer ILS Interval Fund (XILSX) and Pioneer AMT Free Municipal Fund (PBMFX). 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.
| XILSX | PBMFX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +6.61 | ||
| Sortino ratioReturn per unit of downside risk | +75.99 | ||
| Omega ratioGain probability vs. loss probability | 41.51 | 1.30 | +40.20 |
| Calmar ratioReturn relative to maximum drawdown | 112.69 | 1.48 | +111.21 |
| Martin ratioReturn relative to average drawdown | 769.28 | 4.74 | +764.54 |
Loading charts...
Drawdowns
XILSX vs. PBMFX - Drawdown Comparison
The maximum XILSX drawdown since its inception was -14.53%, smaller than the maximum PBMFX drawdown of -24.21%. Use the drawdown chart below to compare losses from any high point for XILSX and PBMFX.
Loading charts...
Drawdown Indicators
| XILSX | PBMFX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -14.53% | -24.21% | +9.68% |
Max Drawdown (1Y)Largest decline over 1 year | -0.10% | -4.33% | +4.23% |
Max Drawdown (3Y)Largest decline over 3 years | -2.36% | -11.12% | +8.76% |
Max Drawdown (5Y)Largest decline over 5 years | -6.27% | -24.08% | +17.81% |
Max Drawdown (10Y)Largest decline over 10 years | — | -24.21% | — |
Current DrawdownCurrent decline from peak | 0.00% | -12.84% | +12.84% |
Average DrawdownAverage peak-to-trough decline | -4.83% | -4.73% | -0.10% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.03% | 1.35% | -1.32% |
Volatility
XILSX vs. PBMFX - Volatility Comparison
The current volatility for Pioneer ILS Interval Fund (XILSX) is 0.52%, while Pioneer AMT Free Municipal Fund (PBMFX) has a volatility of 1.91%. This indicates that XILSX experiences smaller price fluctuations and is considered to be less risky than PBMFX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| XILSX | PBMFX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.52% | 1.91% | -1.39% |
Volatility (6M)Calculated over the trailing 6-month period | 1.57% | 3.83% | -2.26% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.02% | 5.05% | -2.03% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 3.78% | 7.47% | -3.69% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.90% | 6.67% | -2.77% |
XILSX vs. PBMFX - Expense Ratio Comparison
XILSX has a 1.88% expense ratio, which is higher than PBMFX's 0.78% expense ratio.
Dividends
XILSX vs. PBMFX - Dividend Comparison
XILSX's dividend yield for the trailing twelve months is around 8.64%, more than PBMFX's 4.78% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PBMFX Pioneer AMT Free Municipal Fund | 4.78% | 4.82% | 2.32% | 2.15% | 2.01% | 1.97% | 3.06% | 2.91% | 2.94% | 2.70% | 2.97% | 3.62% |
XILSX Pioneer ILS Interval Fund | 8.64% | 9.51% | 13.06% | 12.82% | 2.68% | 2.04% | 5.20% | 6.63% | 6.40% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
XILSX and PBMFX have a correlation of 0.10, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
PBMFX has higher volatility (1.91%) compared to XILSX (0.52%). In terms of maximum drawdown, XILSX dropped -14.53% vs PBMFX's -24.21%.
XILSX currently has the higher Sharpe Ratio (7.88 vs 1.27), 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.
Find the right allocation for XILSX and PBMFX
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer