PSRAX vs. JMSIX
Compare and contrast key facts about Pioneer Strategic Income Fund (PSRAX) and JPMorgan Income Fund (JMSIX).
PSRAX is managed by Amundi. It was launched on Apr 14, 1999. JMSIX is managed by JPMorgan. It was launched on Jun 1, 2014.
Performance
PSRAX vs. JMSIX - Performance Comparison
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PSRAX vs. JMSIX - 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% |
JMSIX JPMorgan Income Fund | -0.29% | 7.68% | 7.78% | 6.14% | -8.24% | 3.59% | 3.07% | 11.82% | 1.03% | 6.00% |
Returns By Period
In the year-to-date period, PSRAX achieves a -0.91% return, which is significantly lower than JMSIX's -0.29% return. Over the past 10 years, PSRAX has underperformed JMSIX with an annualized return of 3.18%, while JMSIX has yielded a comparatively higher 3.93% 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%
JMSIX
- 1D
- 0.24%
- 1M
- -1.39%
- YTD
- -0.29%
- 6M
- 1.33%
- 1Y
- 5.02%
- 3Y*
- 6.36%
- 5Y*
- 2.78%
- 10Y*
- 3.93%
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PSRAX vs. JMSIX - Expense Ratio Comparison
PSRAX has a 1.01% expense ratio, which is higher than JMSIX's 0.40% expense ratio.
Return for Risk
PSRAX vs. JMSIX — Risk / Return Rank
PSRAX
JMSIX
PSRAX vs. JMSIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Pioneer Strategic Income Fund (PSRAX) and JPMorgan Income Fund (JMSIX). 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 | JMSIX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.41 | 2.15 | -0.74 |
Sortino ratioReturn per unit of downside risk | 1.97 | 3.84 | -1.87 |
Omega ratioGain probability vs. loss probability | 1.27 | 1.54 | -0.27 |
Calmar ratioReturn relative to maximum drawdown | 1.97 | 3.47 | -1.50 |
Martin ratioReturn relative to average drawdown | 7.07 | 13.30 | -6.23 |
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 | JMSIX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.41 | 2.15 | -0.74 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.27 | 0.76 | -0.48 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.67 | 1.02 | -0.35 |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.32 | 0.76 | +0.56 |
Correlation
The correlation between PSRAX and JMSIX is 0.71, 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. JMSIX - Dividend Comparison
PSRAX's dividend yield for the trailing twelve months is around 4.50%, less than JMSIX's 5.53% 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% |
JMSIX JPMorgan Income Fund | 5.53% | 5.95% | 5.78% | 4.43% | 4.78% | 4.00% | 4.95% | 5.10% | 5.43% | 5.42% | 0.46% | 0.00% |
Drawdowns
PSRAX vs. JMSIX - Drawdown Comparison
The maximum PSRAX drawdown since its inception was -18.59%, roughly equal to the maximum JMSIX drawdown of -18.40%. Use the drawdown chart below to compare losses from any high point for PSRAX and JMSIX.
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Drawdown Indicators
| PSRAX | JMSIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -18.59% | -18.40% | -0.19% |
Max Drawdown (1Y)Largest decline over 1 year | -3.31% | -1.64% | -1.67% |
Max Drawdown (5Y)Largest decline over 5 years | -18.59% | -11.39% | -7.20% |
Max Drawdown (10Y)Largest decline over 10 years | -18.59% | -18.40% | -0.19% |
Current DrawdownCurrent decline from peak | -2.90% | -1.39% | -1.51% |
Average DrawdownAverage peak-to-trough decline | -2.23% | -2.60% | +0.37% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.92% | 0.43% | +0.49% |
Volatility
PSRAX vs. JMSIX - Volatility Comparison
Pioneer Strategic Income Fund (PSRAX) has a higher volatility of 1.39% compared to JPMorgan Income Fund (JMSIX) at 0.77%. This indicates that PSRAX's price experiences larger fluctuations and is considered to be riskier than JMSIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PSRAX | JMSIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.39% | 0.77% | +0.62% |
Volatility (6M)Calculated over the trailing 6-month period | 2.28% | 1.67% | +0.61% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.32% | 2.59% | +1.73% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.35% | 3.70% | +1.65% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.73% | 3.85% | +0.88% |