PSRAX vs. FSTAX
Compare and contrast key facts about Pioneer Strategic Income Fund (PSRAX) and Fidelity Advisor Strategic Income Fund Class A (FSTAX).
PSRAX is managed by Amundi. It was launched on Apr 14, 1999. FSTAX is managed by Fidelity. It was launched on Sep 3, 1996.
Performance
PSRAX vs. FSTAX - Performance Comparison
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PSRAX vs. FSTAX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
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% |
FSTAX Fidelity Advisor Strategic Income Fund Class A | -0.88% | 8.68% | 4.93% | 8.82% | -11.98% | 3.22% | 7.21% | 10.74% | -2.94% | 7.63% |
Returns By Period
The year-to-date returns for both investments are quite close, with PSRAX having a -0.91% return and FSTAX slightly higher at -0.88%. Over the past 10 years, PSRAX has underperformed FSTAX with an annualized return of 3.18%, while FSTAX has yielded a comparatively higher 3.84% annualized return.
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%
FSTAX
- 1D
- 0.00%
- 1M
- -2.65%
- YTD
- -0.88%
- 6M
- 0.34%
- 1Y
- 6.86%
- 3Y*
- 6.09%
- 5Y*
- 2.33%
- 10Y*
- 3.84%
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PSRAX vs. FSTAX - Expense Ratio Comparison
PSRAX has a 1.01% expense ratio, which is higher than FSTAX's 0.97% expense ratio.
Return for Risk
PSRAX vs. FSTAX — Risk / Return Rank
PSRAX
FSTAX
PSRAX vs. FSTAX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Pioneer Strategic Income Fund (PSRAX) 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.
| PSRAX | FSTAX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.41 | 2.03 | -0.62 |
Sortino ratioReturn per unit of downside risk | 1.97 | 2.82 | -0.85 |
Omega ratioGain probability vs. loss probability | 1.27 | 1.40 | -0.14 |
Calmar ratioReturn relative to maximum drawdown | 1.97 | 2.71 | -0.74 |
Martin ratioReturn relative to average drawdown | 7.07 | 10.69 | -3.63 |
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
| PSRAX | FSTAX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.41 | 2.03 | -0.62 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.27 | 0.53 | -0.26 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.67 | 0.88 | -0.20 |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.32 | 0.48 | +0.84 |
Correlation
The correlation between PSRAX and FSTAX is 0.73, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Dividends
PSRAX vs. FSTAX - Dividend Comparison
PSRAX's dividend yield for the trailing twelve months is around 4.50%, more than FSTAX's 3.80% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
FSTAX Fidelity Advisor Strategic Income Fund Class A | 3.80% | 4.05% | 3.21% | 3.70% | 2.70% | 4.01% | 4.32% | 4.06% | 3.50% | 3.70% | 3.49% | 2.89% |
Drawdowns
PSRAX vs. FSTAX - Drawdown Comparison
The maximum PSRAX drawdown since its inception was -18.59%, smaller than the maximum FSTAX drawdown of -23.29%. Use the drawdown chart below to compare losses from any high point for PSRAX and FSTAX.
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Drawdown Indicators
| PSRAX | FSTAX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -18.59% | -23.29% | +4.70% |
Max Drawdown (1Y)Largest decline over 1 year | -3.31% | -2.65% | -0.66% |
Max Drawdown (5Y)Largest decline over 5 years | -18.59% | -16.18% | -2.41% |
Max Drawdown (10Y)Largest decline over 10 years | -18.59% | -16.18% | -2.41% |
Current DrawdownCurrent decline from peak | -2.90% | -2.65% | -0.25% |
Average DrawdownAverage peak-to-trough decline | -2.23% | -4.86% | +2.63% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.92% | 0.67% | +0.25% |
Volatility
PSRAX vs. FSTAX - Volatility Comparison
The current volatility for Pioneer Strategic Income Fund (PSRAX) is 1.39%, while Fidelity Advisor Strategic Income Fund Class A (FSTAX) has a volatility of 1.53%. This indicates that PSRAX experiences smaller price fluctuations and is considered to be less risky than FSTAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PSRAX | FSTAX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.39% | 1.53% | -0.14% |
Volatility (6M)Calculated over the trailing 6-month period | 2.28% | 2.38% | -0.10% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.32% | 3.57% | +0.75% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.35% | 4.42% | +0.93% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.73% | 4.40% | +0.33% |