Relative Risk vs. Return Landscape
If you would invest 1,015 in Pioneer Absolute Return Credit Y on April 25, 2013 and sell it today you would earn a total of 6.00 from holding Pioneer Absolute Return Credit Y or generate 0.59% return on investment over 30 days. Pioneer Absolute Return Credit Y is currently producing 0.04% returns and takes up 0.08% volatility of returns over 30 trading days. Put another way, 1% of traded equities are less volatile than the company and 98% of traded equity instruments are likely to generate higher returns over the next 30 trading days. Assuming 30 trading days horizon, Pioneer Absolute Return Credit Y is expected to generate 4.5 times less return on investment than the market. But when comparing it to its historical volatility, the company is 7.12 times less risky than the market. It trades about 0.5 of its potential returns per unit of risk. The S&P 500 is currently generating roughly 0.32 of returns per unit of risk over similar time horizon.
Pioneer Realized Returns
Pioneer Annual Yield vs Year to Date Return
Pioneer Absolute Return Credit Y is rated top fund in annual yield among similar funds. It is rated top fund in year to date return among similar funds creating about 0.50 of Year to Date Return per Annual Yield. The ratio of Annual Yield to Year to Date Return for Pioneer Absolute Return Credit Y is roughly 2.01
74% of all equities and portfolios perform better than Pioneer Absolute Return Credit Y. Compared with the overall equity markets, risk-adjusted returns on investments in Pioneer Absolute Return Credit Y are ranked lower than 26 (%) of all global equities and portfolios over the last 30 days.
Estimated Market Risk
Follow Pioneer Performance with Macroaxis syndicated feed, custom widget, or your favorite custom stock ticker