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PYEQX vs. SYFFX
Performance
Return for Risk
Drawdowns
Volatility
Dividends

PYEQX vs. SYFFX

Last updated Jun 25, 2026

PYEQX (Pioneer Equity Income Y) and SYFFX (Pioneer Securitized Income Fund) are both mutual funds - PYEQX is a Large Cap Value Equities fund managed by Amundi, while SYFFX is a Nontraditional Bonds fund managed by Amundi. Over the past 5 years, PYEQX returned 8.07%/yr vs 5.29%/yr for SYFFX. At a 0.08 correlation, their price movements are largely independent. PYEQX charges 0.81%/yr vs 0.65%/yr for SYFFX.

Performance

PYEQX vs. SYFFX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Pioneer Equity Income Y (PYEQX) and Pioneer Securitized Income Fund (SYFFX). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, PYEQX achieves a 9.82% return, which is significantly higher than SYFFX's 1.72% return.

PYEQX

1D
0.29%
1M
0.30%
YTD
9.82%
6M
8.74%
1Y
18.34%
3Y*
13.37%
5Y*
8.07%
10Y*
9.80%

SYFFX

1D
0.00%
1M
0.41%
YTD
1.72%
6M
2.26%
1Y
4.83%
3Y*
8.49%
5Y*
5.29%
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

PYEQX vs. SYFFX - Yearly Performance Comparison

2026 (YTD)2025202420232022202120202019
PYEQX
Pioneer Equity Income Y		9.82%11.46%11.46%7.54%-7.92%25.56%0.09%2.30%
SYFFX
Pioneer Securitized Income Fund		1.72%6.83%9.33%13.51%-5.15%5.45%-3.68%0.50%

Correlation

The correlation between PYEQX and SYFFX is 0.18, which is low. Their price movements are largely independent, making them effective diversification partners.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.18

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

0.15

Correlation (5Y)
Calculated over the trailing 5-year period

0.11

Correlation (All Time)
Calculated using the full available price history since Dec 9, 2019

0.08

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Pioneer Equity Income Y

Pioneer Securitized Income Fund

Often compared with PYEQX:
PYEQX vs. PIODXPYEQX vs. PMAIXPYEQX vs. VTVPYEQX vs. GLOSXPYEQX vs. PINDXPYEQX vs. PIGFXPYEQX vs. AVERX
Often compared with SYFFX:
SYFFX vs. JBBBSYFFX vs. RDFISYFFX vs. PZRMXSYFFX vs. RCTIXSYFFX vs. PAAASYFFX vs. PIMIXSYFFX vs. JPIE

Return for Risk

PYEQX vs. SYFFX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
PYEQX
PYEQX Risk / Return Rank: 4343
Overall Rank
PYEQX Sharpe Ratio Rank: 4343
Sharpe Ratio Rank
PYEQX Sortino Ratio Rank: 4343
Sortino Ratio Rank
PYEQX Omega Ratio Rank: 3939
Omega Ratio Rank
PYEQX Calmar Ratio Rank: 4848
Calmar Ratio Rank
PYEQX Martin Ratio Rank: 3939
Martin Ratio Rank
SYFFX
SYFFX Risk / Return Rank: 7171
Overall Rank
SYFFX Sharpe Ratio Rank: 5858
Sharpe Ratio Rank
SYFFX Sortino Ratio Rank: 8888
Sortino Ratio Rank
SYFFX Omega Ratio Rank: 8989
Omega Ratio Rank
SYFFX Calmar Ratio Rank: 7777
Calmar Ratio Rank
SYFFX Martin Ratio Rank: 4545
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.

PYEQX vs. SYFFX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Pioneer Equity Income Y (PYEQX) and Pioneer Securitized Income Fund (SYFFX). 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.

PYEQXSYFFXDifference
Sharpe ratioReturn per unit of total volatility
1.64
2.01

-0.37

Sortino ratioReturn per unit of downside risk
2.34
3.87

-1.53

Omega ratioGain probability vs. loss probability

1.29

1.58

-0.30

Calmar ratioReturn relative to maximum drawdown

2.36

3.27

-0.92

Martin ratioReturn relative to average drawdown

7.49

8.79

-1.30

PYEQX vs. SYFFX - Sharpe Ratio Comparison

The current PYEQX Sharpe Ratio is 1.64, which is comparable to the SYFFX Sharpe Ratio of 2.01. The chart below compares the historical Sharpe Ratios of PYEQX and SYFFX, 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

PYEQX vs. SYFFX - Drawdown Comparison

The maximum PYEQX drawdown since its inception was -53.72%, which is greater than SYFFX's maximum drawdown of -38.78%. Use the drawdown chart below to compare losses from any high point for PYEQX and SYFFX.

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Drawdown Indicators

PYEQXSYFFXDifference

Max Drawdown

Largest peak-to-trough decline

-53.72%

-38.78%

-14.94%

Max Drawdown (1Y)

Largest decline over 1 year

-7.97%

-1.55%

-6.42%

Max Drawdown (3Y)

Largest decline over 3 years

-16.77%

-1.55%

-15.22%

Max Drawdown (5Y)

Largest decline over 5 years

-20.14%

-6.11%

-14.03%

Max Drawdown (10Y)

Largest decline over 10 years

-37.88%

—

—

Current Drawdown

Current decline from peak

-1.31%

-0.32%

-0.99%

Average Drawdown

Average peak-to-trough decline

-7.64%

-3.88%

-3.76%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.50%

0.58%

+1.92%

Volatility

PYEQX vs. SYFFX - Volatility Comparison

Pioneer Equity Income Y (PYEQX) has a higher volatility of 3.44% compared to Pioneer Securitized Income Fund (SYFFX) at 0.71%. This indicates that PYEQX's price experiences larger fluctuations and is considered to be riskier than SYFFX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

PYEQXSYFFXDifference

Volatility (1M)

Calculated over the trailing 1-month period

3.44%

0.71%

+2.73%

Volatility (6M)

Calculated over the trailing 6-month period

8.43%

1.67%

+6.76%

Volatility (1Y)

Calculated over the trailing 1-year period

11.50%

2.52%

+8.98%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

15.27%

3.04%

+12.23%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

17.17%

8.75%

+8.42%

PYEQX vs. SYFFX - Expense Ratio Comparison

PYEQX has a 0.81% expense ratio, which is higher than SYFFX's 0.65% expense ratio.

Dividends

PYEQX vs. SYFFX - Dividend Comparison

PYEQX's dividend yield for the trailing twelve months is around 8.20%, more than SYFFX's 6.46% yield.

PositionTTM20252024202320222021202020192018201720162015
PYEQX
Pioneer Equity Income Y		8.20%8.95%39.97%17.70%12.73%9.44%1.77%4.15%7.99%5.46%13.20%10.34%
SYFFX
Pioneer Securitized Income Fund		6.46%6.62%6.94%8.07%5.96%2.48%0.00%0.00%0.00%0.00%0.00%0.00%

Frequently Asked Questions

PYEQX and SYFFX have a correlation of 0.18, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

PYEQX has higher volatility (3.44%) compared to SYFFX (0.71%). In terms of maximum drawdown, PYEQX dropped -53.72% vs SYFFX's -38.78%.

SYFFX currently has the higher Sharpe Ratio (2.01 vs 1.64), 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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