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PUTIX vs. SIFFX
Performance
Return for Risk
Drawdowns
Volatility
Dividends

PUTIX vs. SIFFX

Last updated Jun 23, 2026

PUTIX (PIMCO Strategic Bond Fund) and SIFFX (Victory Pioneer Securitized Income Fund Class A) are both Nontraditional Bonds funds. Over the past 3 years, PUTIX returned 6.87%/yr vs 6.98%/yr for SIFFX. A 0.57 correlation means they provide meaningful diversification when combined. PUTIX charges 0.51%/yr vs 0.90%/yr for SIFFX.

Performance

PUTIX vs. SIFFX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in PIMCO Strategic Bond Fund (PUTIX) and Victory Pioneer Securitized Income Fund Class A (SIFFX). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, PUTIX achieves a 1.45% return, which is significantly lower than SIFFX's 1.72% return.

PUTIX

1D
0.09%
1M
0.81%
YTD
1.45%
6M
2.03%
1Y
6.87%
3Y*
6.87%
5Y*
3.05%
10Y*
4.04%

SIFFX

1D
0.11%
1M
0.50%
YTD
1.72%
6M
2.24%
1Y
4.90%
3Y*
6.98%
5Y*
—
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

PUTIX vs. SIFFX - Yearly Performance Comparison

2026 (YTD)20252024202320222021
PUTIX
PIMCO Strategic Bond Fund		1.45%8.12%6.35%6.65%-6.51%-0.27%
SIFFX
Victory Pioneer Securitized Income Fund Class A		1.72%6.57%7.33%9.72%-6.17%1.62%

Correlation

The correlation between PUTIX and SIFFX is 0.59, 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

0.59

Correlation (3Y)
Calculated over the trailing 3-year period

0.64

Correlation (All Time)
Calculated using the full available price history since Jul 6, 2021

0.57

The correlation between PUTIX and SIFFX has been stable across timeframes, ranging from 0.57 to 0.64 - a consistent structural relationship.

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PIMCO Strategic Bond Fund

Victory Pioneer Securitized Income Fund Class A

Often compared with PUTIX:
PUTIX vs. PFIUXPUTIX vs. MWCIXPUTIX vs. RBSIXPUTIX vs. APFPXPUTIX vs. MAHIXPUTIX vs. SVARXPUTIX vs. PIMIX
Often compared with SIFFX:
SIFFX vs. FLARXSIFFX vs. PADZXSIFFX vs. VETAXSIFFX vs. SUBFXSIFFX vs. VEVIXSIFFX vs. PMOTXSIFFX vs. BGCIX

Return for Risk

PUTIX vs. SIFFX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
PUTIX
PUTIX Risk / Return Rank: 9393
Overall Rank
PUTIX Sharpe Ratio Rank: 9090
Sharpe Ratio Rank
PUTIX Sortino Ratio Rank: 9696
Sortino Ratio Rank
PUTIX Omega Ratio Rank: 9494
Omega Ratio Rank
PUTIX Calmar Ratio Rank: 8989
Calmar Ratio Rank
PUTIX Martin Ratio Rank: 9393
Martin Ratio Rank
SIFFX
SIFFX Risk / Return Rank: 7373
Overall Rank
SIFFX Sharpe Ratio Rank: 6161
Sharpe Ratio Rank
SIFFX Sortino Ratio Rank: 9090
Sortino Ratio Rank
SIFFX Omega Ratio Rank: 9292
Omega Ratio Rank
SIFFX Calmar Ratio Rank: 7676
Calmar Ratio Rank
SIFFX Martin Ratio Rank: 4444
Martin Ratio Rank
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.

PUTIX vs. SIFFX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for PIMCO Strategic Bond Fund (PUTIX) and Victory Pioneer Securitized Income Fund Class A (SIFFX). 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.

PUTIXSIFFXDifference
Sharpe ratioReturn per unit of total volatility
2.76
2.12

+0.65

Sortino ratioReturn per unit of downside risk
4.89
4.08

+0.81

Omega ratioGain probability vs. loss probability

1.72

1.65

+0.07

Calmar ratioReturn relative to maximum drawdown

4.21

3.25

+0.96

Martin ratioReturn relative to average drawdown

18.22

8.79

+9.43

PUTIX vs. SIFFX - Sharpe Ratio Comparison

The current PUTIX Sharpe Ratio is 2.76, which is higher than the SIFFX Sharpe Ratio of 2.12. The chart below compares the historical Sharpe Ratios of PUTIX and SIFFX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Drawdowns

PUTIX vs. SIFFX - Drawdown Comparison

The maximum PUTIX drawdown since its inception was -9.59%, which is greater than SIFFX's maximum drawdown of -7.08%. Use the drawdown chart below to compare losses from any high point for PUTIX and SIFFX.

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Drawdown Indicators

PUTIXSIFFXDifference

Max Drawdown

Largest peak-to-trough decline

-9.59%

-7.08%

-2.51%

Max Drawdown (1Y)

Largest decline over 1 year

-1.65%

-1.55%

-0.10%

Max Drawdown (3Y)

Largest decline over 3 years

-1.96%

-1.55%

-0.41%

Max Drawdown (5Y)

Largest decline over 5 years

-9.52%

—

—

Max Drawdown (10Y)

Largest decline over 10 years

-9.59%

—

—

Current Drawdown

Current decline from peak

-0.28%

-0.21%

-0.07%

Average Drawdown

Average peak-to-trough decline

-1.24%

-1.51%

+0.27%

Ulcer Index

Depth and duration of drawdowns from previous peaks

0.38%

0.57%

-0.19%

Volatility

PUTIX vs. SIFFX - Volatility Comparison

PIMCO Strategic Bond Fund (PUTIX) has a higher volatility of 0.91% compared to Victory Pioneer Securitized Income Fund Class A (SIFFX) at 0.66%. This indicates that PUTIX's price experiences larger fluctuations and is considered to be riskier than SIFFX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

PUTIXSIFFXDifference

Volatility (1M)

Calculated over the trailing 1-month period

0.91%

0.66%

+0.25%

Volatility (6M)

Calculated over the trailing 6-month period

2.03%

1.56%

+0.47%

Volatility (1Y)

Calculated over the trailing 1-year period

2.51%

2.38%

+0.13%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

2.77%

2.87%

-0.10%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

2.72%

2.87%

-0.15%

PUTIX vs. SIFFX - Expense Ratio Comparison

PUTIX has a 0.51% expense ratio, which is lower than SIFFX's 0.90% expense ratio.

Dividends

PUTIX vs. SIFFX - Dividend Comparison

PUTIX's dividend yield for the trailing twelve months is around 4.67%, less than SIFFX's 6.20% yield.

PositionTTM20252024202320222021202020192018201720162015
PUTIX
PIMCO Strategic Bond Fund		4.67%4.56%4.19%2.36%2.32%1.17%2.07%3.31%2.81%4.62%2.58%4.60%
SIFFX
Victory Pioneer Securitized Income Fund Class A		6.20%6.37%5.01%4.77%4.90%3.14%0.00%0.00%0.00%0.00%0.00%0.00%

Frequently Asked Questions

PUTIX and SIFFX have a correlation of 0.59, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

PUTIX has higher volatility (0.91%) compared to SIFFX (0.66%). In terms of maximum drawdown, PUTIX dropped -9.59% vs SIFFX's -7.08%.

PUTIX currently has the higher Sharpe Ratio (2.76 vs 2.12), 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.

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