PINDX vs. FSTAX

Last updated Jun 23, 2026

PINDX (Pioneer Disciplined Growth Fund) and FSTAX (Fidelity Advisor Strategic Income Fund Class A) are both mutual funds - PINDX is a Large Cap Growth Equities fund managed by Amundi, while FSTAX is a Total Bond Market fund managed by Fidelity. Over the past 10 years, PINDX returned 16.52%/yr vs 4.02%/yr for FSTAX. At a 0.29 correlation, their price movements are largely independent. PINDX charges 1.05%/yr vs 0.97%/yr for FSTAX.

Performance

PINDX vs. FSTAX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Pioneer Disciplined Growth Fund (PINDX) and Fidelity Advisor Strategic Income Fund Class A (FSTAX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, PINDX achieves a 9.09% return, which is significantly higher than FSTAX's 3.36% return. Over the past 10 years, PINDX has outperformed FSTAX with an annualized return of 16.52%, while FSTAX has yielded a comparatively lower 4.02% annualized return.

PINDX

• 1D: 1.76%
• 1M: 0.00%
• YTD: 9.09%
• 6M: 8.63%
• 1Y: 27.65%
• 3Y*: 19.96%
• 5Y*: 13.02%
• 10Y*: 16.52%

FSTAX

• 1D: 0.33%
• 1M: 1.41%
• YTD: 3.36%
• 6M: 3.74%
• 1Y: 9.30%
• 3Y*: 7.45%
• 5Y*: 2.78%
• 10Y*: 4.02%

*Multi-year figures are annualized to reflect compound growth (CAGR)

PINDX vs. FSTAX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
PINDX Pioneer Disciplined Growth Fund	9.09%	21.16%	19.33%	28.67%	-21.49%	25.59%	34.78%	35.61%	-5.08%	26.41%
FSTAX Fidelity Advisor Strategic Income Fund Class A	3.36%	8.68%	4.93%	8.82%	-11.98%	3.22%	7.21%	10.74%	-2.94%	7.63%

Correlation

The correlation between PINDX and FSTAX is 0.67, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.67
Correlation (3Y) Calculated over the trailing 3-year period	0.58
Correlation (5Y) Calculated over the trailing 5-year period	0.52
Correlation (10Y) Calculated over the trailing 10-year period	0.50
Correlation (All Time) Calculated using the full available price history since Oct 16, 1998	0.29

Over the past year, PINDX and FSTAX have become more correlated (0.67) than their long-term average of 0.29, meaning their price movements have been converging.

Return for Risk

PINDX vs. FSTAX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

PINDX

PINDX Risk / Return Rank: 30
PINDX Sharpe Ratio Rank: 33
PINDX Sortino Ratio Rank: 30
PINDX Omega Ratio Rank: 30
PINDX Calmar Ratio Rank: 27
PINDX Martin Ratio Rank: 28

FSTAX

FSTAX Risk / Return Rank: 85
FSTAX Sharpe Ratio Rank: 85
FSTAX Sortino Ratio Rank: 87
FSTAX Omega Ratio Rank: 85
FSTAX Calmar Ratio Rank: 81
FSTAX Martin Ratio Rank: 86

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.

PINDX vs. FSTAX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Pioneer Disciplined Growth Fund (PINDX) and Fidelity Advisor Strategic Income Fund Class A (FSTAX). 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.

	PINDX	FSTAX	Difference
Sharpe ratio: Return per unit of total volatility	1.54	2.55	-1.02
Sortino ratio: Return per unit of downside risk	2.12	3.83	-1.71
Omega ratio: Gain probability vs. loss probability	1.27	1.54	-0.27
Calmar ratio: Return relative to maximum drawdown	1.82	3.52	-1.70
Martin ratio: Return relative to average drawdown	6.10	15.12	-9.01

PINDX vs. FSTAX - Sharpe Ratio Comparison

The current PINDX Sharpe Ratio is 1.54, which is lower than the FSTAX Sharpe Ratio of 2.55. The chart below compares the historical Sharpe Ratios of PINDX and FSTAX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

PINDX vs. FSTAX - Drawdown Comparison

The maximum PINDX drawdown since its inception was -52.37%, which is greater than FSTAX's maximum drawdown of -23.29%. Use the drawdown chart below to compare losses from any high point for PINDX and FSTAX.

Drawdown Indicators

	PINDX	FSTAX	Difference
Max Drawdown Largest peak-to-trough decline	-52.37%	-23.29%	-29.08%
Max Drawdown (1Y) Largest decline over 1 year	-14.64%	-2.65%	-11.99%
Max Drawdown (3Y) Largest decline over 3 years	-23.52%	-4.04%	-19.48%
Max Drawdown (5Y) Largest decline over 5 years	-28.77%	-16.18%	-12.59%
Max Drawdown (10Y) Largest decline over 10 years	-29.82%	-16.18%	-13.64%
Current Drawdown Current decline from peak	-2.81%	0.00%	-2.81%
Average Drawdown Average peak-to-trough decline	-11.46%	-4.82%	-6.64%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.36%	0.62%	+3.74%

Volatility

PINDX vs. FSTAX - Volatility Comparison

Pioneer Disciplined Growth Fund (PINDX) has a higher volatility of 6.26% compared to Fidelity Advisor Strategic Income Fund Class A (FSTAX) at 1.38%. This indicates that PINDX's price experiences larger fluctuations and is considered to be riskier than FSTAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	PINDX	FSTAX	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.26%	1.38%	+4.88%
Volatility (6M) Calculated over the trailing 6-month period	13.42%	3.08%	+10.34%
Volatility (1Y) Calculated over the trailing 1-year period	17.32%	3.66%	+13.66%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	19.88%	4.52%	+15.36%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.60%	4.44%	+15.16%

PINDX vs. FSTAX - Expense Ratio Comparison

PINDX has a 1.05% expense ratio, which is higher than FSTAX's 0.97% expense ratio.

Dividends

PINDX vs. FSTAX - Dividend Comparison

PINDX's dividend yield for the trailing twelve months is around 4.14%, more than FSTAX's 4.00% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FSTAX Fidelity Advisor Strategic Income Fund Class A	4.00%	4.05%	3.21%	3.70%	2.70%	4.01%	4.32%	4.06%	3.50%	3.70%	3.49%	2.89%
PINDX Pioneer Disciplined Growth Fund	4.14%	4.51%	6.34%	0.17%	7.23%	33.14%	27.35%	5.20%	26.83%	12.86%	8.57%	6.14%

Frequently Asked Questions

Can I hold both PINDX and FSTAX in my portfolio?

PINDX and FSTAX have a correlation of 0.67, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, PINDX or FSTAX?

PINDX has higher volatility (6.26%) compared to FSTAX (1.38%). In terms of maximum drawdown, PINDX dropped -52.37% vs FSTAX's -23.29%.

Which has better risk-adjusted returns?

FSTAX currently has the higher Sharpe Ratio (2.55 vs 1.54), 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.