Correlation
The correlation between PSRAX and BAGIX is 0.07, 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.
PSRAX vs. BAGIX
Compare and contrast key facts about Pioneer Strategic Income Fund (PSRAX) and Baird Aggregate Bond Fund Class I (BAGIX).
PSRAX is managed by Amundi US. It was launched on Apr 14, 1999. BAGIX is managed by Baird. It was launched on Sep 29, 2000.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: PSRAX or BAGIX.
Performance
PSRAX vs. BAGIX - Performance Comparison
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Key characteristics
PSRAX:
1.59
BAGIX:
1.13
PSRAX:
2.28
BAGIX:
1.66
PSRAX:
1.29
BAGIX:
1.20
PSRAX:
1.09
BAGIX:
0.55
PSRAX:
4.85
BAGIX:
2.91
PSRAX:
1.78%
BAGIX:
2.06%
PSRAX:
5.49%
BAGIX:
5.34%
PSRAX:
-18.33%
BAGIX:
-18.62%
PSRAX:
-0.64%
BAGIX:
-5.18%
Returns By Period
In the year-to-date period, PSRAX achieves a 3.42% return, which is significantly higher than BAGIX's 2.44% return. Over the past 10 years, PSRAX has outperformed BAGIX with an annualized return of 2.84%, while BAGIX has yielded a comparatively lower 1.94% annualized return.
PSRAX
3.42%
-0.31%
1.90%
8.64%
3.27%
3.16%
2.84%
BAGIX
2.44%
-0.69%
0.69%
6.00%
2.04%
-0.41%
1.94%
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PSRAX vs. BAGIX - Expense Ratio Comparison
PSRAX has a 1.01% expense ratio, which is higher than BAGIX's 0.30% expense ratio.
Risk-Adjusted Performance
PSRAX vs. BAGIX — Risk-Adjusted Performance Rank
PSRAX
BAGIX
PSRAX vs. BAGIX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Pioneer Strategic Income Fund (PSRAX) and Baird Aggregate Bond Fund Class I (BAGIX). 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.
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Dividends
PSRAX vs. BAGIX - Dividend Comparison
PSRAX's dividend yield for the trailing twelve months is around 5.29%, more than BAGIX's 4.09% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PSRAX Pioneer Strategic Income Fund | 5.29% | 5.12% | 3.48% | 3.08% | 8.36% | 3.28% | 2.87% | 3.15% | 3.20% | 3.39% | 3.62% | 5.40% |
BAGIX Baird Aggregate Bond Fund Class I | 4.09% | 4.03% | 3.47% | 2.70% | 2.00% | 3.39% | 2.75% | 2.87% | 2.54% | 2.53% | 2.46% | 2.87% |
Drawdowns
PSRAX vs. BAGIX - Drawdown Comparison
The maximum PSRAX drawdown since its inception was -18.33%, roughly equal to the maximum BAGIX drawdown of -18.62%. Use the drawdown chart below to compare losses from any high point for PSRAX and BAGIX.
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Volatility
PSRAX vs. BAGIX - Volatility Comparison
The current volatility for Pioneer Strategic Income Fund (PSRAX) is 1.34%, while Baird Aggregate Bond Fund Class I (BAGIX) has a volatility of 1.48%. This indicates that PSRAX experiences smaller price fluctuations and is considered to be less risky than BAGIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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