SYFFX vs. RCTIX

Last updated Jun 23, 2026

SYFFX (Pioneer Securitized Income Fund) and RCTIX (River Canyon Total Return Bond Fund) are both mutual funds - SYFFX is a Nontraditional Bonds fund managed by Amundi, while RCTIX is a Short-Term Bond fund managed by River Canyon. Over the past 5 years, SYFFX returned 5.31%/yr vs 4.50%/yr for RCTIX. At a 0.49 correlation, their price movements are largely independent. SYFFX charges 0.65%/yr vs 0.89%/yr for RCTIX.

Performance

SYFFX vs. RCTIX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Pioneer Securitized Income Fund (SYFFX) and River Canyon Total Return Bond Fund (RCTIX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, SYFFX achieves a 1.83% return, which is significantly higher than RCTIX's 0.92% return.

SYFFX

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

RCTIX

• 1D: 0.10%
• 1M: 0.71%
• YTD: 0.92%
• 6M: 1.17%
• 1Y: 4.72%
• 3Y*: 7.47%
• 5Y*: 4.50%
• 10Y*: 5.57%

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

SYFFX vs. RCTIX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
SYFFX Pioneer Securitized Income Fund	1.83%	6.83%	9.33%	13.51%	-5.15%	5.45%	-3.68%	0.50%
RCTIX River Canyon Total Return Bond Fund	0.92%	7.75%	7.49%	10.02%	-4.07%	4.26%	6.42%	-0.31%

Correlation

The correlation between SYFFX and RCTIX is 0.62, 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	0.62
Correlation (3Y) Calculated over the trailing 3-year period	0.67
Correlation (5Y) Calculated over the trailing 5-year period	0.59
Correlation (All Time) Calculated using the full available price history since Dec 9, 2019	0.49

The correlation between SYFFX and RCTIX shifts across timeframes, from 0.49 (all time) to 0.67 (3 years), reflecting how their relationship changes across market environments.

Return for Risk

SYFFX vs. RCTIX — Risk / Return Rank

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

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

RCTIX

RCTIX Risk / Return Rank: 73
RCTIX Sharpe Ratio Rank: 60
RCTIX Sortino Ratio Rank: 68
RCTIX Omega Ratio Rank: 71
RCTIX Calmar Ratio Rank: 88
RCTIX Martin Ratio Rank: 76

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. RCTIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Pioneer Securitized Income Fund (SYFFX) and River Canyon Total Return Bond Fund (RCTIX). 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.

	SYFFX	RCTIX	Difference
Sharpe ratio: Return per unit of total volatility	2.10	2.10	0.00
Sortino ratio: Return per unit of downside risk	4.05	3.12	+0.93
Omega ratio: Gain probability vs. loss probability	1.62	1.43	+0.19
Calmar ratio: Return relative to maximum drawdown	3.42	4.04	-0.62
Martin ratio: Return relative to average drawdown	9.19	13.38	-4.19

SYFFX vs. RCTIX - Sharpe Ratio Comparison

The current SYFFX Sharpe Ratio is 2.10, which is comparable to the RCTIX Sharpe Ratio of 2.10. The chart below compares the historical Sharpe Ratios of SYFFX and RCTIX, 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

SYFFX vs. RCTIX - Drawdown Comparison

The maximum SYFFX drawdown since its inception was -38.78%, which is greater than RCTIX's maximum drawdown of -10.89%. Use the drawdown chart below to compare losses from any high point for SYFFX and RCTIX.

Drawdown Indicators

	SYFFX	RCTIX	Difference
Max Drawdown Largest peak-to-trough decline	-38.78%	-10.89%	-27.89%
Max Drawdown (1Y) Largest decline over 1 year	-1.55%	-1.20%	-0.35%
Max Drawdown (3Y) Largest decline over 3 years	-1.55%	-1.48%	-0.07%
Max Drawdown (5Y) Largest decline over 5 years	-6.11%	-6.17%	+0.06%
Max Drawdown (10Y) Largest decline over 10 years	—	-10.89%	—
Current Drawdown Current decline from peak	-0.21%	-0.20%	-0.01%
Average Drawdown Average peak-to-trough decline	-3.88%	-1.08%	-2.80%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.58%	0.36%	+0.22%

Volatility

SYFFX vs. RCTIX - Volatility Comparison

The current volatility for Pioneer Securitized Income Fund (SYFFX) is 0.73%, while River Canyon Total Return Bond Fund (RCTIX) has a volatility of 0.78%. This indicates that SYFFX experiences smaller price fluctuations and is considered to be less risky than RCTIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	SYFFX	RCTIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.73%	0.78%	-0.05%
Volatility (6M) Calculated over the trailing 6-month period	1.66%	1.84%	-0.18%
Volatility (1Y) Calculated over the trailing 1-year period	2.52%	2.32%	+0.20%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	3.04%	2.50%	+0.54%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	8.75%	3.74%	+5.01%

SYFFX vs. RCTIX - Expense Ratio Comparison

SYFFX has a 0.65% expense ratio, which is lower than RCTIX's 0.89% expense ratio.

Dividends

SYFFX vs. RCTIX - Dividend Comparison

SYFFX's dividend yield for the trailing twelve months is around 6.45%, less than RCTIX's 7.26% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
RCTIX River Canyon Total Return Bond Fund	7.26%	7.31%	7.89%	8.50%	5.98%	3.02%	5.97%	4.97%	3.30%	4.89%	2.16%
SYFFX Pioneer Securitized Income Fund	6.45%	6.62%	6.94%	8.07%	5.96%	2.48%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both SYFFX and RCTIX in my portfolio?

SYFFX and RCTIX have a correlation of 0.62, 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 RCTIX?

RCTIX has higher volatility (0.78%) compared to SYFFX (0.73%). In terms of maximum drawdown, SYFFX dropped -38.78% vs RCTIX's -10.89%.

Which has better risk-adjusted returns?

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