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PCGRX vs. PSHYX
Performance
Return for Risk
Dividends
Drawdowns
Volatility

Performance

PCGRX vs. PSHYX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Pioneer Mid Cap Value Fund (PCGRX) and Pioneer Short Term Income Fund (PSHYX). The values are adjusted to include any dividend payments, if applicable.

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PCGRX vs. PSHYX - Yearly Performance Comparison


2026 (YTD)202520242023202220212020201920182017
PCGRX
Pioneer Mid Cap Value Fund
1.36%10.84%10.44%12.38%-5.85%28.94%1.81%28.04%-19.52%12.89%
PSHYX
Pioneer Short Term Income Fund
-0.12%4.96%4.93%5.64%-3.42%1.83%1.79%4.74%1.77%1.72%

Returns By Period

In the year-to-date period, PCGRX achieves a 1.36% return, which is significantly higher than PSHYX's -0.12% return. Over the past 10 years, PCGRX has outperformed PSHYX with an annualized return of 8.61%, while PSHYX has yielded a comparatively lower 2.51% annualized return.


PCGRX

1D
-0.89%
1M
-6.55%
YTD
1.36%
6M
4.63%
1Y
13.03%
3Y*
11.24%
5Y*
8.34%
10Y*
8.61%

PSHYX

1D
0.11%
1M
-0.90%
YTD
-0.12%
6M
0.76%
1Y
3.11%
3Y*
4.47%
5Y*
2.50%
10Y*
2.51%
*Multi-year figures are annualized to reflect compound growth (CAGR)

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PCGRX vs. PSHYX - Expense Ratio Comparison

PCGRX has a 1.05% expense ratio, which is higher than PSHYX's 0.46% expense ratio.


Return for Risk

PCGRX vs. PSHYX — Risk / Return Rank

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

PCGRX
PCGRX Risk / Return Rank: 3333
Overall Rank
PCGRX Sharpe Ratio Rank: 3434
Sharpe Ratio Rank
PCGRX Sortino Ratio Rank: 3434
Sortino Ratio Rank
PCGRX Omega Ratio Rank: 3434
Omega Ratio Rank
PCGRX Calmar Ratio Rank: 3131
Calmar Ratio Rank
PCGRX Martin Ratio Rank: 3333
Martin Ratio Rank

PSHYX
PSHYX Risk / Return Rank: 9191
Overall Rank
PSHYX Sharpe Ratio Rank: 8787
Sharpe Ratio Rank
PSHYX Sortino Ratio Rank: 9595
Sortino Ratio Rank
PSHYX Omega Ratio Rank: 9292
Omega Ratio Rank
PSHYX Calmar Ratio Rank: 9595
Calmar Ratio Rank
PSHYX Martin Ratio Rank: 8989
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.

PCGRX vs. PSHYX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Pioneer Mid Cap Value Fund (PCGRX) 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.


PCGRXPSHYXDifference

Sharpe ratio

Return per unit of total volatility

0.75

1.69

-0.95

Sortino ratio

Return per unit of downside risk

1.14

3.11

-1.97

Omega ratio

Gain probability vs. loss probability

1.16

1.43

-0.27

Calmar ratio

Return relative to maximum drawdown

0.86

3.26

-2.40

Martin ratio

Return relative to average drawdown

3.50

9.99

-6.50

PCGRX vs. PSHYX - Sharpe Ratio Comparison

The current PCGRX Sharpe Ratio is 0.75, which is lower than the PSHYX Sharpe Ratio of 1.69. The chart below compares the historical Sharpe Ratios of PCGRX and PSHYX, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.


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Sharpe Ratios by Period


PCGRXPSHYXDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

0.75

1.69

-0.95

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.47

1.13

-0.65

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.44

1.02

-0.58

Sharpe Ratio (All Time)

Calculated using the full available price history

0.54

1.32

-0.78

Correlation

The correlation between PCGRX and PSHYX is -0.05. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.


Dividends

PCGRX vs. PSHYX - Dividend Comparison

PCGRX's dividend yield for the trailing twelve months is around 7.09%, more than PSHYX's 4.70% yield.


TTM20252024202320222021202020192018201720162015
PCGRX
Pioneer Mid Cap Value Fund
7.09%7.19%9.50%6.92%12.41%14.24%0.71%1.08%12.40%8.35%6.59%10.48%
PSHYX
Pioneer Short Term Income Fund
4.70%5.20%4.23%3.96%3.46%2.47%2.77%3.35%2.71%2.24%2.04%1.85%

Drawdowns

PCGRX vs. PSHYX - Drawdown Comparison

The maximum PCGRX drawdown since its inception was -53.63%, which is greater than PSHYX's maximum drawdown of -12.98%. Use the drawdown chart below to compare losses from any high point for PCGRX and PSHYX.


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Drawdown Indicators


PCGRXPSHYXDifference

Max Drawdown

Largest peak-to-trough decline

-53.63%

-12.98%

-40.65%

Max Drawdown (1Y)

Largest decline over 1 year

-14.56%

-1.13%

-13.43%

Max Drawdown (5Y)

Largest decline over 5 years

-20.29%

-5.88%

-14.41%

Max Drawdown (10Y)

Largest decline over 10 years

-42.30%

-12.98%

-29.32%

Current Drawdown

Current decline from peak

-7.61%

-0.90%

-6.71%

Average Drawdown

Average peak-to-trough decline

-7.56%

-0.63%

-6.93%

Ulcer Index

Depth and duration of drawdowns from previous peaks

3.57%

0.37%

+3.20%

Volatility

PCGRX vs. PSHYX - Volatility Comparison

Pioneer Mid Cap Value Fund (PCGRX) has a higher volatility of 4.50% compared to Pioneer Short Term Income Fund (PSHYX) at 0.53%. This indicates that PCGRX's price experiences larger fluctuations and is considered to be riskier than PSHYX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.


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Volatility by Period


PCGRXPSHYXDifference

Volatility (1M)

Calculated over the trailing 1-month period

4.50%

0.53%

+3.97%

Volatility (6M)

Calculated over the trailing 6-month period

10.04%

1.34%

+8.70%

Volatility (1Y)

Calculated over the trailing 1-year period

19.03%

2.12%

+16.91%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

17.67%

2.22%

+15.45%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

19.50%

2.47%

+17.03%