PARYX vs. PSHYX
Compare and contrast key facts about Putnam Short Duration Bond Fund (PARYX) and Pioneer Short Term Income Fund (PSHYX).
PARYX is managed by Putnam. It was launched on Dec 23, 2008. PSHYX is managed by Amundi US. It was launched on Jul 8, 2004.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: PARYX or PSHYX.
Correlation
The correlation between PARYX and PSHYX is 0.14, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Performance
PARYX vs. PSHYX - Performance Comparison
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Key characteristics
PARYX:
2.80
PSHYX:
2.76
PARYX:
5.12
PSHYX:
5.24
PARYX:
1.71
PSHYX:
1.74
PARYX:
7.63
PSHYX:
7.11
PARYX:
20.05
PSHYX:
19.83
PARYX:
0.31%
PSHYX:
0.32%
PARYX:
2.17%
PSHYX:
2.35%
PARYX:
-7.68%
PSHYX:
-12.98%
PARYX:
-0.50%
PSHYX:
-0.34%
Returns By Period
The year-to-date returns for both stocks are quite close, with PARYX having a 1.91% return and PSHYX slightly lower at 1.88%. Both investments have delivered pretty close results over the past 10 years, with PARYX having a 2.58% annualized return and PSHYX not far ahead at 2.62%.
PARYX
1.91%
0.35%
2.73%
6.13%
2.80%
2.58%
PSHYX
1.88%
0.43%
2.96%
6.47%
4.54%
2.62%
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PARYX vs. PSHYX - Expense Ratio Comparison
PARYX has a 0.37% expense ratio, which is lower than PSHYX's 0.46% expense ratio.
Risk-Adjusted Performance
PARYX vs. PSHYX — Risk-Adjusted Performance Rank
PARYX
PSHYX
PARYX vs. PSHYX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Putnam Short Duration Bond Fund (PARYX) and Pioneer Short Term Income Fund (PSHYX). 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.
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Dividends
PARYX vs. PSHYX - Dividend Comparison
PARYX's dividend yield for the trailing twelve months is around 4.19%, less than PSHYX's 5.46% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PARYX Putnam Short Duration Bond Fund | 4.19% | 4.15% | 3.93% | 2.25% | 1.79% | 2.11% | 2.98% | 2.11% | 2.54% | 2.75% | 1.86% | 1.56% |
PSHYX Pioneer Short Term Income Fund | 5.46% | 5.63% | 5.49% | 3.46% | 2.50% | 2.79% | 3.36% | 2.73% | 2.27% | 2.09% | 1.87% | 1.92% |
Drawdowns
PARYX vs. PSHYX - Drawdown Comparison
The maximum PARYX drawdown since its inception was -7.68%, smaller than the maximum PSHYX drawdown of -12.98%. Use the drawdown chart below to compare losses from any high point for PARYX and PSHYX. For additional features, visit the drawdowns tool.
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Volatility
PARYX vs. PSHYX - Volatility Comparison
Putnam Short Duration Bond Fund (PARYX) and Pioneer Short Term Income Fund (PSHYX) have volatilities of 0.69% and 0.69%, 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.
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