Pioneer Strategic Income Fund (PSRAX) belongs to the Multisector Bonds category. Below you'll find alternative mutual funds from the same category, ranked by key criteria, plus funds that investors commonly compare with PSRAX. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.
Cheapest Alternatives to PSRAX
PSRAX charges 1.01% annually. There are 62 mutual funds in the Multisector Bonds category with lower expense ratios, going as low as 0.05%.
| Symbol | Name | Expense Ratio | AUM | Inception | |
|---|---|---|---|---|---|
| Doubleline Selective Credit Fund | 0.05% | — | Aug 2014 | PSRAX vs DBSCX | |
| Vanguard Multi-Sector Income Bond Fund Admiral Sha... | 0.30% | — | Oct 2021 | PSRAX vs VMSAX | |
| JPMorgan Income Fund | 0.40% | — | Jun 2014 | PSRAX vs JMSIX | |
| Boyd Watterson Limited Duration Enhanced Income Fu... | 0.40% | — | Jul 2016 | PSRAX vs BWDTX | |
| Mercer Opportunistic Fixed Income Fund | 0.44% | — | Aug 2013 | PSRAX vs MOFIX |
Best Risk-Adjusted Alternatives to PSRAX
PSRAX has a PortfoliosLab risk / return rank of 35. There are 59 mutual funds in the Multisector Bonds category with higher risk-adjusted ranks, going as high as 99.
| Symbol | Name | Risk / Return Rank | AUM | Inception | |
|---|---|---|---|---|---|
| Nationwide Amundi Strategic Income Fund | 99 | — | Nov 2015 | PSRAX vs NWXHX | |
| Nationwide Strategic Income A | 99 | — | Nov 2015 | PSRAX vs NWXEX | |
| Boyd Watterson Limited Duration Enhanced Income Fu... | 98 | — | Jul 2016 | PSRAX vs BWDTX | |
| Rational Special Situations Income Fund | 98 | — | Jul 2019 | PSRAX vs RFXIX | |
| CrossingBridge Low Duration High Yield Fund | 97 | — | Jan 2018 | PSRAX vs CBLDX |
Top Performing PSRAX Alternatives (YTD)
PSRAX is at 0.64% YTD. There are 57 mutual funds in the Multisector Bonds category with higher YTD returns, going as high as 3.36%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| abrdn Income Credit Strategies Fund | 3.36% | — | Jan 2011 | PSRAX vs ACP | |
| BrandywineGLOBAL - Flexible Bond Fund | 3.03% | — | May 2016 | PSRAX vs LFLIX | |
| Nationwide Amundi Strategic Income Fund | 2.37% | — | Nov 2015 | PSRAX vs NWXHX | |
| Eaton Vance Strategic Income Fund Class I | 2.33% | — | Apr 2009 | PSRAX vs ESIIX | |
| Nationwide Strategic Income A | 2.22% | — | Nov 2015 | PSRAX vs NWXEX |
Lowest Volatility Alternatives to PSRAX
PSRAX has 3.90% 1-year volatility. There are 64 mutual funds in the Multisector Bonds category with lower 1-year volatility, going as low as 1.19%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Nationwide Amundi Strategic Income Fund | 1.19% | — | Nov 2015 | PSRAX vs NWXHX | |
| Nationwide Strategic Income A | 1.22% | — | Nov 2015 | PSRAX vs NWXEX | |
| Boyd Watterson Limited Duration Enhanced Income Fu... | 1.31% | — | Jul 2016 | PSRAX vs BWDTX | |
| CrossingBridge Low Duration High Yield Fund | 1.40% | — | Jan 2018 | PSRAX vs CBLDX | |
| Rational Special Situations Income Fund | 1.40% | — | Jul 2019 | PSRAX vs RFXIX |
Lowest Drawdown Alternatives to PSRAX
PSRAX has a 1-year max drawdown of -3.20%. There are 59 mutual funds in the Multisector Bonds category with shallower 1-year drawdowns, going as shallow as -0.41%.
| Symbol | Name | Max Drawdown 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Nationwide Amundi Strategic Income Fund | -0.41% | — | Nov 2015 | PSRAX vs NWXHX | |
| Nationwide Strategic Income A | -0.43% | — | Nov 2015 | PSRAX vs NWXEX | |
| Rational Special Situations Income Fund | -0.72% | — | Jul 2019 | PSRAX vs RFXIX | |
| CrossingBridge Low Duration High Yield Fund | -0.73% | — | Jan 2018 | PSRAX vs CBLDX | |
| Boyd Watterson Limited Duration Enhanced Income Fu... | -1.00% | — | Jul 2016 | PSRAX vs BWDTX |
Other Mutual Funds from Amundi
The 10 most viewed Amundi mutual funds shown here include PMFYX, PIODX, PMAIX and span 10 categories.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|---|---|
| Pioneer Multi-Asset Income Fund | Global Allocation | 79 | 4.60% | — | Dec 2011 | PSRAX vs PMFYX | |
| Pioneer Fund | Large Cap Blend Equities | 57 | 10.70% | — | Feb 1928 | PSRAX vs PIODX | |
| Pioneer Multi-Asset Income Fund A | Diversified Portfolio, Dividend | 78 | 4.51% | — | Dec 2011 | PSRAX vs PMAIX | |
| Pioneer ILS Interval Fund | High Yield Bonds | 100 | 8.39% | — | Dec 2014 | PSRAX vs XILSX | |
| Pioneer Core Equity Fund | Large Cap Blend Equities | 49 | 9.15% | — | Nov 1999 | PSRAX vs PIOTX | |
| Pioneer Disciplined Growth Fund | Large Cap Growth Equities | 29 | 7.91% | — | Dec 2005 | PSRAX vs PINDX | |
| Pioneer Fundamental Growth Fund | Large Cap Growth Equities | 14 | 3.43% | — | Aug 2002 | PSRAX vs PIGFX | |
| Pioneer Multi-Asset Ultrashort Income Fund | Ultrashort Bond | 98 | 1.62% | — | Apr 2011 | PSRAX vs MYFRX | |
| Pioneer Securitized Income Fund | Nontraditional Bonds | 70 | 1.72% | — | Dec 2019 | PSRAX vs SYFFX | |
| Pioneer Global Sustainable Equity Fund Class A | Global Equities, Sustainable | 84 | 14.57% | — | Dec 2005 | PSRAX vs GLOSX |
Often Compared With PSRAX
Investors most often compare PSRAX with BAGIX, MUNI, FSTAX. These 18 comparison targets span 5 categories, based on PortfoliosLab usage data.
Compare PSRAX with Any Fund or Stock
Compare PSRAX with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
Pair PSRAX with funds that move differently
Pioneer Strategic Income Fund alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to PSRAX.
Explore PSRAX Diversifiers