PIOTX vs. PSRAX
Compare and contrast key facts about Pioneer Core Equity Fund (PIOTX) and Pioneer Strategic Income Fund (PSRAX).
PIOTX is managed by Amundi. It was launched on Nov 18, 1999. PSRAX is managed by Amundi. It was launched on Apr 14, 1999.
Performance
PIOTX vs. PSRAX - Performance Comparison
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PIOTX vs. PSRAX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
PIOTX Pioneer Core Equity Fund | -2.50% | 16.94% | 14.35% | 18.18% | -17.27% | 25.81% | 20.98% | 31.42% | -8.32% | 24.89% |
PSRAX Pioneer Strategic Income Fund | -0.91% | 10.29% | 2.79% | 7.08% | -13.38% | 1.91% | 7.40% | 10.19% | -1.90% | 5.21% |
Returns By Period
In the year-to-date period, PIOTX achieves a -2.50% return, which is significantly lower than PSRAX's -0.91% return. Over the past 10 years, PIOTX has outperformed PSRAX with an annualized return of 12.27%, while PSRAX has yielded a comparatively lower 3.18% annualized return.
PIOTX
- 1D
- -0.13%
- 1M
- -5.30%
- YTD
- -2.50%
- 6M
- 1.98%
- 1Y
- 18.07%
- 3Y*
- 13.66%
- 5Y*
- 8.53%
- 10Y*
- 12.27%
PSRAX
- 1D
- 0.31%
- 1M
- -2.90%
- YTD
- -0.91%
- 6M
- 0.38%
- 1Y
- 5.54%
- 3Y*
- 5.18%
- 5Y*
- 1.45%
- 10Y*
- 3.18%
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PIOTX vs. PSRAX - Expense Ratio Comparison
PIOTX has a 0.88% expense ratio, which is lower than PSRAX's 1.01% expense ratio.
Return for Risk
PIOTX vs. PSRAX — Risk / Return Rank
PIOTX
PSRAX
PIOTX vs. PSRAX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Pioneer Core Equity Fund (PIOTX) 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.
| PIOTX | PSRAX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.00 | 1.41 | -0.42 |
Sortino ratioReturn per unit of downside risk | 1.49 | 1.97 | -0.48 |
Omega ratioGain probability vs. loss probability | 1.23 | 1.27 | -0.04 |
Calmar ratioReturn relative to maximum drawdown | 1.23 | 1.97 | -0.74 |
Martin ratioReturn relative to average drawdown | 5.22 | 7.07 | -1.84 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| PIOTX | PSRAX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.00 | 1.41 | -0.42 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.51 | 0.27 | +0.24 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.69 | 0.67 | +0.01 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.13 | 1.32 | -1.19 |
Correlation
The correlation between PIOTX and PSRAX is 0.08, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Dividends
PIOTX vs. PSRAX - Dividend Comparison
PIOTX's dividend yield for the trailing twelve months is around 7.73%, more than PSRAX's 4.50% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PIOTX Pioneer Core Equity Fund | 7.73% | 7.53% | 5.87% | 2.83% | 7.10% | 20.38% | 8.56% | 3.06% | 19.73% | 9.04% | 1.13% | 0.74% |
PSRAX Pioneer Strategic Income Fund | 4.50% | 4.83% | 3.65% | 2.58% | 2.75% | 8.10% | 3.28% | 2.87% | 3.15% | 3.20% | 3.39% | 3.62% |
Drawdowns
PIOTX vs. PSRAX - Drawdown Comparison
The maximum PIOTX drawdown since its inception was -66.24%, which is greater than PSRAX's maximum drawdown of -18.59%. Use the drawdown chart below to compare losses from any high point for PIOTX and PSRAX.
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Drawdown Indicators
| PIOTX | PSRAX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -66.24% | -18.59% | -47.65% |
Max Drawdown (1Y)Largest decline over 1 year | -12.86% | -3.31% | -9.55% |
Max Drawdown (5Y)Largest decline over 5 years | -26.49% | -18.59% | -7.90% |
Max Drawdown (10Y)Largest decline over 10 years | -31.79% | -18.59% | -13.20% |
Current DrawdownCurrent decline from peak | -8.16% | -2.90% | -5.26% |
Average DrawdownAverage peak-to-trough decline | -20.26% | -2.23% | -18.03% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.02% | 0.92% | +2.10% |
Volatility
PIOTX vs. PSRAX - Volatility Comparison
Pioneer Core Equity Fund (PIOTX) has a higher volatility of 3.09% compared to Pioneer Strategic Income Fund (PSRAX) at 1.39%. This indicates that PIOTX'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
| PIOTX | PSRAX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.09% | 1.39% | +1.70% |
Volatility (6M)Calculated over the trailing 6-month period | 9.24% | 2.28% | +6.96% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.67% | 4.32% | +14.35% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.91% | 5.35% | +11.56% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.96% | 4.73% | +13.23% |