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SYFFX vs. RPIDX
Performance
Return for Risk
Drawdowns
Volatility
Dividends

SYFFX vs. RPIDX

Last updated Jun 4, 2026

SYFFX (Pioneer Securitized Income Fund) and RPIDX (T. Rowe Price Dynamic Credit Fund) are both Nontraditional Bonds funds. Over the past 5 years, SYFFX returned 5.50%/yr vs 4.36%/yr for RPIDX. At a 0.12 correlation, their price movements are largely independent. SYFFX charges 0.65%/yr vs 0.63%/yr for RPIDX.

Performance

SYFFX vs. RPIDX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Pioneer Securitized Income Fund (SYFFX) and T. Rowe Price Dynamic Credit Fund (RPIDX). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, SYFFX achieves a 2.04% return, which is significantly higher than RPIDX's 0.16% return.

SYFFX

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

RPIDX

1D
-0.12%
1M
-0.75%
YTD
0.16%
6M
0.98%
1Y
6.90%
3Y*
7.66%
5Y*
4.36%
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

SYFFX vs. RPIDX - Yearly Performance Comparison

2026 (YTD)2025202420232022202120202019
SYFFX
Pioneer Securitized Income Fund		2.04%6.83%9.33%13.51%-5.15%5.45%-3.68%0.50%
RPIDX
T. Rowe Price Dynamic Credit Fund		0.16%9.74%9.92%4.72%-0.76%6.21%2.71%1.69%

Correlation

The correlation between SYFFX and RPIDX is 0.13, which is low. Their price movements are largely independent, making them effective diversification partners.

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

0.13

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

0.05

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

0.10

Correlation (All Time)
Calculated using the full available price history since Dec 10, 2019

0.12

Compare stocks, funds, or ETFs

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Pioneer Securitized Income Fund

T. Rowe Price Dynamic Credit Fund

Often compared with SYFFX:
SYFFX vs. JBBBSYFFX vs. RDFISYFFX vs. RCTIXSYFFX vs. PZRMXSYFFX vs. PAAASYFFX vs. PIMIXSYFFX vs. JPIE
Often compared with RPIDX:
RPIDX vs. TMSRXRPIDX vs. APFPXRPIDX vs. PDIRPIDX vs. JBBBRPIDX vs. QQQRPIDX vs. SCHDRPIDX vs. FNDX

Return for Risk

SYFFX vs. RPIDX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
SYFFX
SYFFX Risk / Return Rank: 7575
Overall Rank
SYFFX Sharpe Ratio Rank: 6060
Sharpe Ratio Rank
SYFFX Sortino Ratio Rank: 9191
Sortino Ratio Rank
SYFFX Omega Ratio Rank: 9292
Omega Ratio Rank
SYFFX Calmar Ratio Rank: 8181
Calmar Ratio Rank
SYFFX Martin Ratio Rank: 4848
Martin Ratio Rank
RPIDX
RPIDX Risk / Return Rank: 7676
Overall Rank
RPIDX Sharpe Ratio Rank: 5151
Sharpe Ratio Rank
RPIDX Sortino Ratio Rank: 8686
Sortino Ratio Rank
RPIDX Omega Ratio Rank: 7676
Omega Ratio Rank
RPIDX Calmar Ratio Rank: 9393
Calmar Ratio Rank
RPIDX Martin Ratio Rank: 7373
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.

SYFFX vs. RPIDX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Pioneer Securitized Income Fund (SYFFX) and T. Rowe Price Dynamic Credit Fund (RPIDX). 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.

SYFFXRPIDXDifference
Sharpe ratioReturn per unit of total volatility
2.29
2.11

+0.18

Sortino ratioReturn per unit of downside risk
4.46
4.05

+0.41

Omega ratioGain probability vs. loss probability

1.69

1.49

+0.20

Calmar ratioReturn relative to maximum drawdown

3.71

5.25

-1.54

Martin ratioReturn relative to average drawdown

9.98

13.88

-3.90

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. RPIDX - Sharpe Ratio Comparison

The current SYFFX Sharpe Ratio is 2.29, which is comparable to the RPIDX Sharpe Ratio of 2.11. The chart below compares the historical Sharpe Ratios of SYFFX and RPIDX, 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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Sharpe Ratios by Period

SYFFXRPIDXDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

2.29

2.11

+0.18

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

1.83

1.14

+0.68

Sharpe Ratio (All Time)

Calculated using the full available price history

0.49

1.11

-0.62

Drawdowns

SYFFX vs. RPIDX - Drawdown Comparison

The maximum SYFFX drawdown since its inception was -38.78%, which is greater than RPIDX's maximum drawdown of -19.95%. Use the drawdown chart below to compare losses from any high point for SYFFX and RPIDX.

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Drawdown Indicators

SYFFXRPIDXDifference

Max Drawdown

Largest peak-to-trough decline

-38.78%

-19.95%

-18.83%

Max Drawdown (1Y)

Largest decline over 1 year

-1.55%

-1.34%

-0.21%

Max Drawdown (3Y)

Largest decline over 3 years

-1.55%

-3.17%

+1.62%

Max Drawdown (5Y)

Largest decline over 5 years

-6.11%

-7.31%

+1.20%

Current Drawdown

Current decline from peak

0.00%

-0.86%

+0.86%

Average Drawdown

Average peak-to-trough decline

-3.91%

-1.87%

-2.04%

Ulcer Index

Depth and duration of drawdowns from previous peaks

0.57%

0.51%

+0.06%

Volatility

SYFFX vs. RPIDX - Volatility Comparison

Pioneer Securitized Income Fund (SYFFX) has a higher volatility of 0.68% compared to T. Rowe Price Dynamic Credit Fund (RPIDX) at 0.64%. This indicates that SYFFX's price experiences larger fluctuations and is considered to be riskier than RPIDX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

SYFFXRPIDXDifference

Volatility (1M)

Calculated over the trailing 1-month period

0.68%

0.64%

+0.04%

Volatility (6M)

Calculated over the trailing 6-month period

1.63%

2.58%

-0.95%

Volatility (1Y)

Calculated over the trailing 1-year period

2.51%

3.35%

-0.84%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

3.03%

3.83%

-0.80%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

8.78%

4.80%

+3.98%

SYFFX vs. RPIDX - Expense Ratio Comparison

SYFFX has a 0.65% expense ratio, which is higher than RPIDX's 0.63% expense ratio.

Dividends

SYFFX vs. RPIDX - Dividend Comparison

SYFFX's dividend yield for the trailing twelve months is around 6.44%, less than RPIDX's 9.93% yield.

PositionTTM2025202420232022202120202019
RPIDX
T. Rowe Price Dynamic Credit Fund		9.93%9.91%9.20%6.64%7.97%5.34%7.14%4.41%
SYFFX
Pioneer Securitized Income Fund		6.44%6.62%6.94%8.07%5.96%2.48%0.00%0.00%

Frequently Asked Questions

SYFFX and RPIDX have a correlation of 0.13, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

SYFFX has higher volatility (0.68%) compared to RPIDX (0.64%). In terms of maximum drawdown, SYFFX dropped -38.78% vs RPIDX's -19.95%.

SYFFX currently has the higher Sharpe Ratio (2.29 vs 2.11), 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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