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FLYRX vs. SYFFX
Performance
Return for Risk
Drawdowns
Volatility
Dividends

FLYRX vs. SYFFX

Last updated Jun 24, 2026

FLYRX (Pioneer Floating Rate Fund) and SYFFX (Pioneer Securitized Income Fund) are both mutual funds - FLYRX is a Bank Loan fund managed by Amundi, while SYFFX is a Nontraditional Bonds fund managed by Amundi. Over the past 5 years, FLYRX returned 3.97%/yr vs 5.29%/yr for SYFFX. At a 0.26 correlation, their price movements are largely independent. FLYRX charges 0.75%/yr vs 0.65%/yr for SYFFX.

Performance

FLYRX vs. SYFFX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Pioneer Floating Rate Fund (FLYRX) and Pioneer Securitized Income Fund (SYFFX). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, FLYRX achieves a 1.58% return, which is significantly lower than SYFFX's 1.72% return.

FLYRX

1D
-0.17%
1M
0.56%
YTD
1.58%
6M
2.36%
1Y
5.00%
3Y*
5.84%
5Y*
3.97%
10Y*
3.97%

SYFFX

1D
-0.11%
1M
0.41%
YTD
1.72%
6M
2.37%
1Y
5.05%
3Y*
8.49%
5Y*
5.29%
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

FLYRX vs. SYFFX - Yearly Performance Comparison

2026 (YTD)2025202420232022202120202019
FLYRX
Pioneer Floating Rate Fund		1.58%4.90%6.94%8.31%-3.26%4.32%2.10%1.17%
SYFFX
Pioneer Securitized Income Fund		1.72%6.83%9.33%13.51%-5.15%5.45%-3.68%0.50%

Correlation

The correlation between FLYRX and SYFFX is 0.27, which is low. Their price movements are largely independent, making them effective diversification partners.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.27

Correlation (3Y)
Calculated over the trailing 3-year period

0.22

Correlation (5Y)
Calculated over the trailing 5-year period

0.26

Correlation (All Time)
Calculated using the full available price history since Dec 9, 2019

0.26

Compare stocks, funds, or ETFs

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Pioneer Floating Rate Fund

Pioneer Securitized Income Fund

Often compared with FLYRX:
FLYRX vs. NFIAXFLYRX vs. CAPIXFLYRX vs. GIFIXFLYRX vs. JFIIXFLYRX vs. ARTUXFLYRX vs. EIBLXFLYRX vs. PFLRX
Often compared with SYFFX:
SYFFX vs. JBBBSYFFX vs. RDFISYFFX vs. PZRMXSYFFX vs. RCTIXSYFFX vs. PAAASYFFX vs. PIMIXSYFFX vs. JPIE

Return for Risk

FLYRX vs. SYFFX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
FLYRX
FLYRX Risk / Return Rank: 8686
Overall Rank
FLYRX Sharpe Ratio Rank: 5656
Sharpe Ratio Rank
FLYRX Sortino Ratio Rank: 9595
Sortino Ratio Rank
FLYRX Omega Ratio Rank: 9494
Omega Ratio Rank
FLYRX Calmar Ratio Rank: 9595
Calmar Ratio Rank
FLYRX Martin Ratio Rank: 8888
Martin Ratio Rank
SYFFX
SYFFX Risk / Return Rank: 7070
Overall Rank
SYFFX Sharpe Ratio Rank: 5454
Sharpe Ratio Rank
SYFFX Sortino Ratio Rank: 8787
Sortino Ratio Rank
SYFFX Omega Ratio Rank: 8888
Omega Ratio Rank
SYFFX Calmar Ratio Rank: 7777
Calmar Ratio Rank
SYFFX Martin Ratio Rank: 4444
Martin Ratio Rank
The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

FLYRX vs. SYFFX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Pioneer Floating Rate Fund (FLYRX) and Pioneer Securitized Income Fund (SYFFX). 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.

FLYRXSYFFXDifference
Sharpe ratioReturn per unit of total volatility
2.03
2.01

+0.02

Sortino ratioReturn per unit of downside risk
4.60
3.87

+0.73

Omega ratioGain probability vs. loss probability

1.72

1.58

+0.13

Calmar ratioReturn relative to maximum drawdown

5.34

3.27

+2.07

Martin ratioReturn relative to average drawdown

15.76

8.80

+6.96

FLYRX vs. SYFFX - Sharpe Ratio Comparison

The current FLYRX Sharpe Ratio is 2.03, which is comparable to the SYFFX Sharpe Ratio of 2.01. The chart below compares the historical Sharpe Ratios of FLYRX and SYFFX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Drawdowns

FLYRX vs. SYFFX - Drawdown Comparison

The maximum FLYRX drawdown since its inception was -30.67%, smaller than the maximum SYFFX drawdown of -38.78%. Use the drawdown chart below to compare losses from any high point for FLYRX and SYFFX.

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Drawdown Indicators

FLYRXSYFFXDifference

Max Drawdown

Largest peak-to-trough decline

-30.67%

-38.78%

+8.11%

Max Drawdown (1Y)

Largest decline over 1 year

-0.94%

-1.55%

+0.61%

Max Drawdown (3Y)

Largest decline over 3 years

-2.05%

-1.55%

-0.50%

Max Drawdown (5Y)

Largest decline over 5 years

-6.61%

-6.11%

-0.50%

Max Drawdown (10Y)

Largest decline over 10 years

-19.05%

—

—

Current Drawdown

Current decline from peak

-0.17%

-0.32%

+0.15%

Average Drawdown

Average peak-to-trough decline

-1.98%

-3.88%

+1.90%

Ulcer Index

Depth and duration of drawdowns from previous peaks

0.32%

0.58%

-0.26%

Volatility

FLYRX vs. SYFFX - Volatility Comparison

The current volatility for Pioneer Floating Rate Fund (FLYRX) is 0.65%, while Pioneer Securitized Income Fund (SYFFX) has a volatility of 0.72%. This indicates that FLYRX experiences smaller price fluctuations and is considered to be less risky than SYFFX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

FLYRXSYFFXDifference

Volatility (1M)

Calculated over the trailing 1-month period

0.65%

0.72%

-0.07%

Volatility (6M)

Calculated over the trailing 6-month period

1.75%

1.67%

+0.08%

Volatility (1Y)

Calculated over the trailing 1-year period

2.48%

2.53%

-0.05%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

2.68%

3.04%

-0.36%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

3.59%

8.75%

-5.16%

FLYRX vs. SYFFX - Expense Ratio Comparison

FLYRX has a 0.75% expense ratio, which is higher than SYFFX's 0.65% expense ratio.

Dividends

FLYRX vs. SYFFX - Dividend Comparison

FLYRX's dividend yield for the trailing twelve months is around 7.28%, more than SYFFX's 6.46% yield.

PositionTTM20252024202320222021202020192018201720162015
FLYRX
Pioneer Floating Rate Fund		7.28%7.48%5.87%6.45%5.40%3.46%3.91%5.01%4.70%4.13%3.88%3.85%
SYFFX
Pioneer Securitized Income Fund		6.46%6.62%6.94%8.07%5.96%2.48%0.00%0.00%0.00%0.00%0.00%0.00%

Frequently Asked Questions

FLYRX and SYFFX have a correlation of 0.27, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

SYFFX has higher volatility (0.72%) compared to FLYRX (0.65%). In terms of maximum drawdown, FLYRX dropped -30.67% vs SYFFX's -38.78%.

FLYRX currently has the higher Sharpe Ratio (2.03 vs 2.01), 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.

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