PSHYX vs. DFCFX
Compare and contrast key facts about Pioneer Short Term Income Fund (PSHYX) and DFA Two-Year Fixed Income Portfolio (DFCFX).
PSHYX is managed by Amundi. It was launched on Jul 8, 2004. DFCFX is managed by Dimensional. It was launched on Jun 6, 1996.
Performance
PSHYX vs. DFCFX - Performance Comparison
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PSHYX vs. DFCFX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
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% |
DFCFX DFA Two-Year Fixed Income Portfolio | 0.89% | 2.28% | 5.33% | 4.92% | -3.28% | 8.60% | 0.57% | 2.65% | 1.78% | 0.92% |
Returns By Period
In the year-to-date period, PSHYX achieves a -0.12% return, which is significantly lower than DFCFX's 0.89% return. Both investments have delivered pretty close results over the past 10 years, with PSHYX having a 2.51% annualized return and DFCFX not far behind at 2.44%.
PSHYX
- 1D
- 0.00%
- 1M
- -0.79%
- YTD
- -0.12%
- 6M
- 0.65%
- 1Y
- 3.00%
- 3Y*
- 4.47%
- 5Y*
- 2.48%
- 10Y*
- 2.51%
DFCFX
- 1D
- 0.00%
- 1M
- 0.26%
- YTD
- 0.89%
- 6M
- 1.87%
- 1Y
- 2.98%
- 3Y*
- 4.06%
- 5Y*
- 3.68%
- 10Y*
- 2.44%
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PSHYX vs. DFCFX - Expense Ratio Comparison
PSHYX has a 0.46% expense ratio, which is higher than DFCFX's 0.21% expense ratio.
Return for Risk
PSHYX vs. DFCFX — Risk / Return Rank
PSHYX
DFCFX
PSHYX vs. DFCFX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Pioneer Short Term Income Fund (PSHYX) and DFA Two-Year Fixed Income Portfolio (DFCFX). 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.
| PSHYX | DFCFX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.51 | 2.59 | -1.08 |
Sortino ratioReturn per unit of downside risk | 2.72 | 2.98 | -0.26 |
Omega ratioGain probability vs. loss probability | 1.38 | 3.80 | -2.42 |
Calmar ratioReturn relative to maximum drawdown | 3.15 | 2.07 | +1.08 |
Martin ratioReturn relative to average drawdown | 9.56 | 5.56 | +4.01 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| PSHYX | DFCFX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.51 | 2.59 | -1.08 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.12 | 0.84 | +0.28 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 1.02 | 0.78 | +0.24 |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.32 | 1.34 | -0.03 |
Correlation
The correlation between PSHYX and DFCFX is 0.29, 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.
Dividends
PSHYX vs. DFCFX - Dividend Comparison
PSHYX's dividend yield for the trailing twelve months is around 4.70%, more than DFCFX's 2.94% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
DFCFX DFA Two-Year Fixed Income Portfolio | 2.94% | 2.16% | 4.90% | 3.43% | 1.32% | 8.29% | 0.67% | 2.22% | 1.87% | 1.22% | 0.79% | 0.53% |
Drawdowns
PSHYX vs. DFCFX - Drawdown Comparison
The maximum PSHYX drawdown since its inception was -12.98%, which is greater than DFCFX's maximum drawdown of -4.27%. Use the drawdown chart below to compare losses from any high point for PSHYX and DFCFX.
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Drawdown Indicators
| PSHYX | DFCFX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -12.98% | -4.27% | -8.71% |
Max Drawdown (1Y)Largest decline over 1 year | -1.13% | -1.03% | -0.10% |
Max Drawdown (5Y)Largest decline over 5 years | -5.88% | -4.27% | -1.61% |
Max Drawdown (10Y)Largest decline over 10 years | -12.98% | -4.27% | -8.71% |
Current DrawdownCurrent decline from peak | -0.90% | 0.00% | -0.90% |
Average DrawdownAverage peak-to-trough decline | -0.63% | -0.26% | -0.37% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.37% | 0.38% | -0.01% |
Volatility
PSHYX vs. DFCFX - Volatility Comparison
Pioneer Short Term Income Fund (PSHYX) has a higher volatility of 0.53% compared to DFA Two-Year Fixed Income Portfolio (DFCFX) at 0.15%. This indicates that PSHYX's price experiences larger fluctuations and is considered to be riskier than DFCFX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PSHYX | DFCFX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.53% | 0.15% | +0.38% |
Volatility (6M)Calculated over the trailing 6-month period | 1.34% | 0.42% | +0.92% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.12% | 1.21% | +0.91% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 2.22% | 4.39% | -2.17% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 2.47% | 3.13% | -0.66% |