RDFI vs. SYFFX

Last updated Jun 23, 2026

RDFI (Rareview Dynamic Fixed Income ETF) and SYFFX (Pioneer Securitized Income Fund) are both funds - RDFI is a Multisector Bonds fund actively managed by Rareview Funds, while SYFFX is a Nontraditional Bonds fund managed by Amundi. Over the past 5 years, RDFI returned 2.75%/yr vs 5.31%/yr for SYFFX. At a 0.36 correlation, their price movements are largely independent. RDFI charges 3.69%/yr vs 0.65%/yr for SYFFX.

Performance

RDFI vs. SYFFX - Performance Comparison

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

Returns By Period

The year-to-date returns for both stocks are quite close, with RDFI having a 1.84% return and SYFFX slightly lower at 1.83%.

RDFI

• 1D: -0.13%
• 1M: 0.88%
• YTD: 1.84%
• 6M: 2.22%
• 1Y: 8.21%
• 3Y*: 10.11%
• 5Y*: 2.75%
• 10Y*: —

SYFFX

• 1D: 0.11%
• 1M: 0.52%
• YTD: 1.83%
• 6M: 2.37%
• 1Y: 5.17%
• 3Y*: 8.53%
• 5Y*: 5.31%
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

RDFI vs. SYFFX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020
RDFI Rareview Dynamic Fixed Income ETF	1.84%	9.83%	13.15%	8.57%	-17.06%	12.51%	8.70%
SYFFX Pioneer Securitized Income Fund	1.83%	6.83%	9.33%	13.51%	-5.15%	5.45%	7.08%

Correlation

The correlation between RDFI and SYFFX is 0.39, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.39
Correlation (3Y) Calculated over the trailing 3-year period	0.46
Correlation (5Y) Calculated over the trailing 5-year period	0.39
Correlation (All Time) Calculated using the full available price history since Oct 21, 2020	0.36

The correlation between RDFI and SYFFX shifts across timeframes, from 0.36 (all time) to 0.46 (3 years), reflecting how their relationship changes across market environments.

Return for Risk

RDFI vs. SYFFX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

RDFI

RDFI Risk / Return Rank: 30
RDFI Sharpe Ratio Rank: 33
RDFI Sortino Ratio Rank: 31
RDFI Omega Ratio Rank: 35
RDFI Calmar Ratio Rank: 23
RDFI Martin Ratio Rank: 28

SYFFX

SYFFX Risk / Return Rank: 73
SYFFX Sharpe Ratio Rank: 60
SYFFX Sortino Ratio Rank: 90
SYFFX Omega Ratio Rank: 90
SYFFX Calmar Ratio Rank: 80
SYFFX Martin Ratio Rank: 47

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.

RDFI vs. SYFFX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Rareview Dynamic Fixed Income ETF (RDFI) 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.

	RDFI	SYFFX	Difference
Sharpe ratio: Return per unit of total volatility	1.16	2.10	-0.94
Sortino ratio: Return per unit of downside risk	1.62	4.05	-2.44
Omega ratio: Gain probability vs. loss probability	1.23	1.62	-0.39
Calmar ratio: Return relative to maximum drawdown	1.03	3.42	-2.39
Martin ratio: Return relative to average drawdown	3.73	9.19	-5.45

RDFI vs. SYFFX - Sharpe Ratio Comparison

The current RDFI Sharpe Ratio is 1.16, which is lower than the SYFFX Sharpe Ratio of 2.10. The chart below compares the historical Sharpe Ratios of RDFI 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.

Drawdowns

RDFI vs. SYFFX - Drawdown Comparison

The maximum RDFI drawdown since its inception was -23.71%, smaller than the maximum SYFFX drawdown of -38.78%. Use the drawdown chart below to compare losses from any high point for RDFI and SYFFX.

Drawdown Indicators

	RDFI	SYFFX	Difference
Max Drawdown Largest peak-to-trough decline	-23.71%	-38.78%	+15.07%
Max Drawdown (1Y) Largest decline over 1 year	-8.01%	-1.55%	-6.46%
Max Drawdown (3Y) Largest decline over 3 years	-10.41%	-1.55%	-8.86%
Max Drawdown (5Y) Largest decline over 5 years	-23.71%	-6.11%	-17.60%
Current Drawdown Current decline from peak	-2.71%	-0.21%	-2.50%
Average Drawdown Average peak-to-trough decline	-7.17%	-3.88%	-3.29%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.20%	0.58%	+1.62%

Volatility

RDFI vs. SYFFX - Volatility Comparison

Rareview Dynamic Fixed Income ETF (RDFI) has a higher volatility of 1.67% compared to Pioneer Securitized Income Fund (SYFFX) at 0.73%. This indicates that RDFI'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.

Volatility by Period

	RDFI	SYFFX	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.67%	0.73%	+0.94%
Volatility (6M) Calculated over the trailing 6-month period	6.32%	1.66%	+4.66%
Volatility (1Y) Calculated over the trailing 1-year period	7.14%	2.52%	+4.62%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	8.16%	3.04%	+5.12%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	7.94%	8.75%	-0.81%

RDFI vs. SYFFX - Expense Ratio Comparison

RDFI has a 3.69% expense ratio, which is higher than SYFFX's 0.65% expense ratio.

Dividends

RDFI vs. SYFFX - Dividend Comparison

RDFI's dividend yield for the trailing twelve months is around 8.29%, more than SYFFX's 6.45% yield.

Position	TTM	2025	2024	2023	2022	2021	2020
RDFI Rareview Dynamic Fixed Income ETF	8.29%	8.17%	8.14%	7.38%	4.70%	6.78%	1.01%
SYFFX Pioneer Securitized Income Fund	6.45%	6.62%	6.94%	8.07%	5.96%	2.48%	0.00%

Frequently Asked Questions

Can I hold both RDFI and SYFFX in my portfolio?

RDFI and SYFFX have a correlation of 0.39, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, RDFI or SYFFX?

RDFI has higher volatility (1.67%) compared to SYFFX (0.73%). In terms of maximum drawdown, RDFI dropped -23.71% vs SYFFX's -38.78%.

Which has better risk-adjusted returns?

SYFFX currently has the higher Sharpe Ratio (2.10 vs 1.16), 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.