PCGRX vs. PSRAX
PCGRX (Pioneer Mid Cap Value Fund) and PSRAX (Pioneer Strategic Income Fund) are both mutual funds - PCGRX is a Mid Cap Value Equities fund managed by Amundi, while PSRAX is a Multisector Bonds fund managed by Amundi. Over the past 10 years, PCGRX returned 9.71%/yr vs 2.79%/yr for PSRAX. Their 0.09 correlation means their historical movements had little consistent relationship. PCGRX charges 1.05%/yr vs 1.01%/yr for PSRAX.
Performance
PCGRX vs. PSRAX - Performance Comparison
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Returns By Period
In the year-to-date period, PCGRX achieves a 18.97% return, which is significantly higher than PSRAX's -0.23% return. Over the past 10 years, PCGRX has outperformed PSRAX with an annualized return of 9.71%, while PSRAX has yielded a comparatively lower 2.79% annualized return.
PCGRX
- 1D
- -0.14%
- 1M
- 2.09%
- 6M
- 13.94%
- YTD
- 18.97%
- 1Y
- 28.80%
- 3Y*
- 14.51%
- 5Y*
- 10.56%
- 10Y*
- 9.71%
- ALL TIME*
- 10.15%
PSRAX
- 1D
- 0.10%
- 1M
- -1.23%
- 6M
- -0.93%
- YTD
- -0.23%
- 1Y
- 2.93%
- 3Y*
- 5.27%
- 5Y*
- 0.91%
- 10Y*
- 2.79%
- ALL TIME*
- 5.34%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $0.00 | $0.00 | $0.00 |
PCGRX vs. PSRAX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
PCGRX Pioneer Mid Cap Value Fund | 18.97% | 10.84% | 10.44% | 12.38% | -5.85% | 28.94% | 1.81% | 28.04% | -19.52% | 12.89% |
PSRAX Pioneer Strategic Income Fund | -0.23% | 10.29% | 2.79% | 7.08% | -13.38% | 1.91% | 7.40% | 10.19% | -1.90% | 5.21% |
Correlation
The correlation between PCGRX and PSRAX is 0.32, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.32 |
Correlation (3Y) Balances recent behavior with more history. | 0.20 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.14 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.10 |
Correlation (All Time) Calculated using the full available price history since Apr 15, 1999 | 0.09 |
Over the past year, PCGRX and PSRAX have become more correlated (0.32) than their long-term average of 0.09, meaning their price movements have been converging.
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Return for Risk
PCGRX vs. PSRAX — Risk / Return Rank
PCGRX
PSRAX
PCGRX vs. PSRAX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Pioneer Mid Cap Value Fund (PCGRX) and Pioneer Strategic Income Fund (PSRAX). 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.
| PCGRX | PSRAX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.91 | ||
| Sortino ratioReturn per unit of downside risk | +1.30 | ||
| Omega ratioGain probability vs. loss probability | 1.36 | 1.21 | +0.15 |
| Calmar ratioReturn relative to maximum drawdown | 3.37 | 1.32 | +2.05 |
| Martin ratioReturn relative to average drawdown | 12.16 | 3.80 | +8.36 |
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Drawdowns
PCGRX vs. PSRAX - Drawdown Comparison
The maximum PCGRX drawdown since its inception was -53.63%, which is greater than PSRAX's maximum drawdown of -18.59%. Use the drawdown chart below to compare losses from any high point for PCGRX and PSRAX.
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Drawdown Indicators
| PCGRX | PSRAX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -53.63% | -18.59% | -35.04% |
Max Drawdown (1Y)Largest decline over 1 year | -7.99% | -3.20% | -4.79% |
Max Drawdown (3Y)Largest decline over 3 years | -20.29% | -5.98% | -14.31% |
Max Drawdown (5Y)Largest decline over 5 years | -20.29% | -18.59% | -1.70% |
Max Drawdown (10Y)Largest decline over 10 years | -42.30% | -18.59% | -23.71% |
Current DrawdownCurrent decline from peak | -0.79% | -2.24% | +1.45% |
Average DrawdownAverage peak-to-trough decline | -7.49% | -2.22% | -5.27% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.21% | 1.11% | +1.10% |
Volatility
PCGRX vs. PSRAX - Volatility Comparison
Pioneer Mid Cap Value Fund (PCGRX) has a higher volatility of 3.11% compared to Pioneer Strategic Income Fund (PSRAX) at 0.86%. This indicates that PCGRX's price experiences larger fluctuations and is considered to be riskier than PSRAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PCGRX | PSRAX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.11% | 0.86% | +2.25% |
Volatility (6M)Calculated over the trailing 6-month period | 9.33% | 3.06% | +6.27% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.25% | 3.78% | +9.47% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.46% | 5.44% | +12.02% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.46% | 4.78% | +14.68% |
PCGRX vs. PSRAX - Expense Ratio Comparison
PCGRX has a 1.05% expense ratio, which is higher than PSRAX's 1.01% expense ratio.
Dividends
PCGRX vs. PSRAX - Dividend Comparison
PCGRX's dividend yield for the trailing twelve months is around 6.04%, more than PSRAX's 4.43% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PCGRX Pioneer Mid Cap Value Fund | 6.04% | 7.19% | 9.50% | 6.92% | 12.41% | 14.24% | 0.71% | 1.08% | 12.40% | 8.35% | 6.59% | 10.48% |
PSRAX Pioneer Strategic Income Fund | 4.43% | 4.83% | 3.65% | 2.58% | 2.75% | 8.10% | 3.28% | 2.87% | 3.15% | 3.20% | 3.39% | 3.62% |
Frequently Asked Questions
PCGRX and PSRAX have a correlation of 0.32, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
PCGRX has higher volatility (3.11%) compared to PSRAX (0.86%). In terms of maximum drawdown, PCGRX dropped -53.63% vs PSRAX's -18.59%.
PCGRX currently has the higher Sharpe Ratio (2.04 vs 1.12), 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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