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Performance
FLYRX Performance Chart
Pioneer Floating Rate Fund (FLYRX) is up 1.8% since the beginning of the year. FLYRX is currently trading at $6 per share. Investors who bought $1,000 worth of FLYRX shares 5 years ago would now be looking at an investment worth $1,217.
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Returns By Period
Pioneer Floating Rate Fund (FLYRX) has returned 1.75% so far this year and 5.00% over the past 12 months. Over the last ten years, FLYRX has returned 3.95% per year, falling short of the S&P 500 Index benchmark, which averaged 13.75% annually.
Pioneer Floating Rate Fund
- 1D
- 0.00%
- 1M
- 0.39%
- YTD
- 1.75%
- 6M
- 2.36%
- 1Y
- 5.00%
- 3Y*
- 6.25%
- 5Y*
- 4.00%
- 10Y*
- 3.95%
Benchmark (S&P 500 Index)
- 1D
- 0.13%
- 1M
- 5.25%
- YTD
- 11.16%
- 6M
- 11.43%
- 1Y
- 28.20%
- 3Y*
- 21.12%
- 5Y*
- 12.66%
- 10Y*
- 13.75%
FLYRX Monthly Returns History
Based on dividend-adjusted daily data since Feb 14, 2007, FLYRX's average daily return is +0.01%, while the average monthly return is +0.30%. At this rate, an investment would double in approximately 19.3 years.
Historically, 74% of months were positive and 26% were negative. The best month was Jan 2009 with a return of +7.4%, while the worst month was Oct 2008 at -11.6%. The longest winning streak lasted 31 consecutive months, and the longest losing streak was 6 months.
On a daily basis, FLYRX closed higher 20% of trading days. The best single day was Mar 26, 2020 with a return of +3.1%, while the worst single day was Mar 18, 2020 at -3.6%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | -0.10% | -0.50% | 0.56% | 1.40% | 0.39% | 0.00% | 1.75% | ||||||
| 2025 | 0.80% | 0.10% | -0.24% | -0.57% | 1.58% | 0.76% | 0.76% | 0.59% | -0.06% | 0.10% | 0.41% | 0.60% | 4.90% |
| 2024 | 1.09% | 1.03% | 0.16% | 0.52% | 0.33% | -0.32% | 0.69% | 0.69% | 0.85% | 0.85% | 1.01% | -0.15% | 6.94% |
| 2023 | 2.70% | 0.36% | -0.45% | 0.88% | -0.61% | 2.43% | 1.40% | 0.49% | -0.00% | -1.30% | 1.26% | 0.92% | 8.31% |
| 2022 | 0.26% | -0.50% | -0.04% | -0.18% | -2.79% | -2.87% | 2.02% | 1.68% | -3.00% | 0.58% | 1.36% | 0.34% | -3.26% |
| 2021 | 0.90% | 0.44% | 0.13% | 0.44% | 0.44% | 0.44% | -0.02% | 0.44% | 0.44% | 0.30% | -0.21% | 0.49% | 4.32% |
Benchmark Metrics
Pioneer Floating Rate Fund has an annualized alpha of 3.18%, beta of 0.04, and R2 of 0.05 versus S&P 500 Index. Calculated based on daily prices since February 15, 2007.
- This fund participates in less of S&P 500 Index's moves in both directions, but captures a larger share of gains (19.40%) than losses (16.82%) - typical of diversified or defensive assets.
- Beta of 0.04 may look defensive, but with R2 of 0.05 this fund is largely uncorrelated with S&P 500 Index - low beta reflects independence, not downside protection. See the Volatility section for a true picture of this fund's risk.
- R2 of 0.05 means this fund moves largely independently of S&P 500 Index - capture ratios reflect limited market correlation rather than active downside protection. Consider using a more representative benchmark.
- Alpha
- 3.18%
- Beta
- 0.04
- R²
- 0.05
- Upside Capture
- 19.40%
- Downside Capture
- 16.82%
Expense Ratio
FLYRX has an expense ratio of 0.75%, placing it in the medium range.
Return for Risk
Risk / Return Rank
FLYRX ranks 82 for risk / return — in the top 82% of mutual funds on our site. This means strong returns relative to risk — exactly what professional investors look for. Well-suited for investors who want to maximize return per unit of risk.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for Pioneer Floating Rate Fund (FLYRX) and compare them to S&P 500 Index.
| FLYRX | Benchmark | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 2.03 | 2.39 | -0.36 |
Sortino ratioReturn per unit of downside risk | 4.61 | 3.25 | +1.35 |
Omega ratioGain probability vs. loss probability | 1.72 | 1.43 | +0.28 |
Calmar ratioReturn relative to maximum drawdown | 5.34 | 3.11 | +2.23 |
Martin ratioReturn relative to average drawdown | 15.78 | 14.38 | +1.40 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Dividends
Dividend History
Pioneer Floating Rate Fund provided a 7.27% dividend yield over the last twelve months, with an annual payout of $0.43 per share.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.43 | $0.45 | $0.36 | $0.39 | $0.33 | $0.23 | $0.25 | $0.33 | $0.30 | $0.28 | $0.26 | $0.25 |
Dividend yield | 7.27% | 7.48% | 5.87% | 6.45% | 5.40% | 3.46% | 3.91% | 5.01% | 4.70% | 4.13% | 3.88% | 3.85% |
Monthly Dividends
The table displays the monthly dividend distributions for Pioneer Floating Rate Fund. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.00 | $0.16 | ||||||
| 2025 | $0.04 | $0.04 | $0.03 | $0.03 | $0.03 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.05 | $0.45 |
| 2024 | $0.05 | $0.04 | $0.00 | $0.04 | $0.00 | $0.00 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.02 | $0.36 |
| 2023 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.05 | $0.05 | $0.00 | $0.00 | $0.00 | $0.05 | $0.05 | $0.39 |
| 2022 | $0.02 | $0.02 | $0.02 | $0.02 | $0.00 | $0.00 | $0.03 | $0.02 | $0.03 | $0.04 | $0.04 | $0.09 | $0.33 |
| 2021 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.23 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
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Worst Drawdowns
The table below displays the maximum drawdowns of the Pioneer Floating Rate Fund. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the Pioneer Floating Rate Fund was 30.67%, occurring on Dec 16, 2008. Recovery took 281 trading sessions.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
Financial crisis2007–2009 | -30.67%Dec 2008 | 1y 6mo | 1y 1mo | 2y 7moJun 2007 - Jan 2010 |
COVID crash2020 | -19.05%Mar 2020 | 2mo 7d | 8mo 6d | 10mo 13dJan 2020 - Nov 2020 |
Bear market2022 | -6.61%Jul 2022 | 5mo 12d | 11mo 9d | 1y 4moJan 2022 - Jun 2023 |
2011 pullback2011 | -4.62%Aug 2011 | 22d | 4mo 19d | 5mo 11dAug 2011 - Jan 2012 |
Rate-hike selloffLate 2018 | -3.25%Dec 2018 | 2mo 17d | 1mo 27d | 4mo 14dOct 2018 - Feb 2019 |
Drawdown Indicators
| FLYRX | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -30.67% | -56.78% | +26.11% |
Max Drawdown (1Y)Largest decline over 1 year | -0.94% | -9.10% | +8.16% |
Max Drawdown (3Y)Largest decline over 3 years | -2.05% | -18.90% | +16.85% |
Max Drawdown (5Y)Largest decline over 5 years | -6.61% | -25.43% | +18.82% |
Max Drawdown (10Y)Largest decline over 10 years | -19.05% | -33.92% | +14.87% |
Current DrawdownCurrent decline from peak | 0.00% | 0.00% | 0.00% |
Average DrawdownAverage peak-to-trough decline | -1.99% | -10.72% | +8.73% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.32% | 1.97% | -1.65% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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