SYFFX vs. JSI

Last updated Jun 4, 2026

SYFFX (Pioneer Securitized Income Fund) and JSI (Janus Henderson Securitized Income ETF) are both funds - SYFFX is a Nontraditional Bonds fund managed by Amundi, while JSI is a Short-Term Bond fund actively managed by Janus Henderson. Over the past year, SYFFX returned 5.61% vs 4.72% for JSI. A 0.62 correlation means they provide meaningful diversification when combined. SYFFX charges 0.65%/yr vs 0.50%/yr for JSI.

Performance

SYFFX vs. JSI - Performance Comparison

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

Returns By Period

In the year-to-date period, SYFFX achieves a 2.04% return, which is significantly higher than JSI's 0.99% return.

SYFFX

• 1D: 0.00%
• 1M: 0.63%
• YTD: 2.04%
• 6M: 2.59%
• 1Y: 5.61%
• 3Y*: 8.64%
• 5Y*: 5.50%
• 10Y*: —

JSI

• 1D: -0.12%
• 1M: 0.24%
• YTD: 0.99%
• 6M: 1.47%
• 1Y: 4.72%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

SYFFX vs. JSI - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
SYFFX Pioneer Securitized Income Fund	2.04%	6.83%	9.33%	3.90%
JSI Janus Henderson Securitized Income ETF	0.99%	6.46%	7.27%	3.39%

Correlation

The correlation between SYFFX and JSI is 0.52, 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	0.52
Correlation (All Time) Calculated using the full available price history since Nov 10, 2023	0.62

The correlation between SYFFX and JSI has been stable across timeframes, ranging from 0.52 to 0.62 - a consistent structural relationship.

Return for Risk

SYFFX vs. JSI — Risk / Return Rank

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

SYFFX

SYFFX Risk / Return Rank: 75
SYFFX Sharpe Ratio Rank: 60
SYFFX Sortino Ratio Rank: 91
SYFFX Omega Ratio Rank: 92
SYFFX Calmar Ratio Rank: 81
SYFFX Martin Ratio Rank: 48

JSI

JSI Risk / Return Rank: 58
JSI Sharpe Ratio Rank: 58
JSI Sortino Ratio Rank: 57
JSI Omega Ratio Rank: 67
JSI Calmar Ratio Rank: 56
JSI Martin Ratio Rank: 53

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.

SYFFX vs. JSI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Pioneer Securitized Income Fund (SYFFX) and Janus Henderson Securitized Income ETF (JSI). 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.

	SYFFX	JSI	Difference
Sharpe ratio: Return per unit of total volatility	2.29	1.99	+0.30
Sortino ratio: Return per unit of downside risk	4.46	2.77	+1.69
Omega ratio: Gain probability vs. loss probability	1.69	1.41	+0.28
Calmar ratio: Return relative to maximum drawdown	3.71	2.82	+0.89
Martin ratio: Return relative to average drawdown	9.98	9.18	+0.80
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

SYFFX vs. JSI - Sharpe Ratio Comparison

The current SYFFX Sharpe Ratio is 2.29, which is comparable to the JSI Sharpe Ratio of 1.99. The chart below compares the historical Sharpe Ratios of SYFFX and JSI, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	SYFFX	JSI	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.29	1.99	+0.30
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	1.83	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.49	2.49	-2.00

Drawdowns

SYFFX vs. JSI - Drawdown Comparison

The maximum SYFFX drawdown since its inception was -38.78%, which is greater than JSI's maximum drawdown of -2.31%. Use the drawdown chart below to compare losses from any high point for SYFFX and JSI.

Drawdown Indicators

	SYFFX	JSI	Difference
Max Drawdown Largest peak-to-trough decline	-38.78%	-2.31%	-36.47%
Max Drawdown (1Y) Largest decline over 1 year	-1.55%	-1.68%	+0.13%
Max Drawdown (3Y) Largest decline over 3 years	-1.55%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-6.11%	—	—
Current Drawdown Current decline from peak	0.00%	-0.46%	+0.46%
Average Drawdown Average peak-to-trough decline	-3.91%	-0.34%	-3.57%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.57%	0.52%	+0.05%

Volatility

SYFFX vs. JSI - Volatility Comparison

Pioneer Securitized Income Fund (SYFFX) and Janus Henderson Securitized Income ETF (JSI) have volatilities of 0.68% and 0.66%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	SYFFX	JSI	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.68%	0.66%	+0.02%
Volatility (6M) Calculated over the trailing 6-month period	1.63%	1.53%	+0.10%
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	3.03%	2.88%	+0.15%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	8.78%	2.88%	+5.90%

SYFFX vs. JSI - Expense Ratio Comparison

SYFFX has a 0.65% expense ratio, which is higher than JSI's 0.50% expense ratio.

Dividends

SYFFX vs. JSI - Dividend Comparison

SYFFX's dividend yield for the trailing twelve months is around 6.44%, more than JSI's 5.80% yield.

Position	TTM	2025	2024	2023	2022	2021
JSI Janus Henderson Securitized Income ETF	5.80%	5.80%	6.16%	0.84%	0.00%	0.00%
SYFFX Pioneer Securitized Income Fund	6.44%	6.62%	6.94%	8.07%	5.96%	2.48%

Frequently Asked Questions

Can I hold both SYFFX and JSI in my portfolio?

SYFFX and JSI have a correlation of 0.52, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, SYFFX or JSI?

SYFFX has higher volatility (0.68%) compared to JSI (0.66%). In terms of maximum drawdown, SYFFX dropped -38.78% vs JSI's -2.31%.

Which has better risk-adjusted returns?

SYFFX currently has the higher Sharpe Ratio (2.29 vs 1.99), 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.