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Pioneer Strategic Income Fund (PSRAX) Sharpe Ratio: 1.88

Mutual Fund · Currency in USD · Last updated Jun 3, 2026

The fund normally invests at least 80% of its net assets (plus the amount of borrowings, if any, for investment purposes) in debt securities. It invests primarily in debt securities issued or guaranteed by the U.S. government, its agencies or instrumentalities or non-U.S. governmental entities; debt securities of U.S. and non-U.S. corporate issuers; and mortgage-related securities, and asset-backed securities. The fund invests in securities of any maturity and maintains an average portfolio maturity which varies based upon the judgment of the fund's investment adviser.

PSRAX's Sharpe Ratio of 1.88 indicates that for each unit of volatility, it generates 1.88 units of excess return above the risk-free rate. The ratio is calculated using historical daily returns over the past 12 months (as of Jun 3, 2026).

Sharpe uses total volatility (standard deviation) which includes both upside and downside price movements, making it useful for comparing risk-adjusted returns across different assets.

PSRAX Sharpe Ratio Rank

PSRAX Sharpe Ratio Rank: 41.341
Average

PSRAX ranks above 41.3% of all investments in our database based on Sharpe Ratio over the past 12 months, showing balanced returns relative to total risk taken. Securities are ranked from 0 (worst) to 100 (best).

What moves the rank

  • Strong returns with low total volatility → Higher rank
  • High volatility (both upside and downside) → Lower rank
  • Consistent returns → Higher rank than volatile returns of same magnitude
  • Sharp drawdowns increase volatility → Lower rank

What you can do with this information

  • Returns are proportional to volatility—neither strong nor weak
  • Evaluate whether the volatility profile aligns with your risk tolerance
  • Review higher-ranked alternatives in the same category
  • Monitor rank direction to identify improving or deteriorating trends

PSRAX Sharpe Ratio Market Positioning

The chart shows PSRAX's Sharpe Ratio relative to all mutual funds on our platform, with color zones indicating percentile rankings. Higher ratios indicate better risk-adjusted returns.

  • Red zone (bottom 25%): 1.42 or lower
  • Yellow zone (middle 50%): 1.42 to 2.51
  • Green zone (top 25%): 2.51 or higher
  • Top 1%: 4.64+
  • Median: 2.09 — half of all investments score higher

How it compares to other similar mutual funds

The table compares Pioneer Strategic Income Fund's Sharpe Ratio with other mutual funds in the Multisector Bonds category across multiple time periods, showing how PSRAX's risk-adjusted performance compares to similar funds.

Data shows 1-, 5-, and 10-year periods, plus each fund's all-time average, as of Jun 3, 2026.

SymbolName1Y Sharpe Ratio5Y Sharpe Ratio10Y Sharpe RatioAll Time Sharpe Ratio
NWXHXNationwide Amundi Strategic Income Fund6.18
NWXEXNationwide Strategic Income A5.72
BWDTXBoyd Watterson Limited Duration Enhanced Income Fund4.78
ICMUXIntrepid Income Fund4.44
CBLDXCrossingBridge Low Duration High Yield Fund3.81
RFXIXRational Special Situations Income Fund3.56
ESIIXEaton Vance Strategic Income Fund Class I3.55
ETSIXEaton Vance Strategic Income Fund Class I3.47
RGCYXRussell Investments Opportunistic Credit Fund3.42
MZLSXMuzinich Low Duration Fund3.25
PSRAXPioneer Strategic Income Fund1.88

S&P 500 Index

How to choose period

Historical Sharpe Ratio

The chart shows PSRAX's rolling Sharpe ratio over time compared to your chosen benchmark. Rising trends indicate improving returns relative to total volatility, while declining trends may signal deteriorating risk-adjusted performance or increased volatility. Use multiple timeframes to distinguish short-term fluctuations from long-term patterns.

Identify market cycles by observing when PSRAX consistently outperforms (line above benchmark), underperforms (below benchmark), or aligns with the benchmark.

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Sharpe Ratio Calculator

How does PSRAX fit in your portfolio?

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