PSHYX vs. LCCMX
PSHYX (Pioneer Short Term Income Fund) and LCCMX (Leader Short Term High Yield Bond Fund) are both Short-Term Bond funds. Over the past 10 years, PSHYX returned 2.52%/yr vs 4.28%/yr for LCCMX. At a 0.19 correlation, their price movements are largely independent. PSHYX charges 0.46%/yr vs 2.55%/yr for LCCMX.
Performance
PSHYX vs. LCCMX - Performance Comparison
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Returns By Period
In the year-to-date period, PSHYX achieves a 0.55% return, which is significantly lower than LCCMX's 4.01% return. Over the past 10 years, PSHYX has underperformed LCCMX with an annualized return of 2.52%, while LCCMX has yielded a comparatively higher 4.28% annualized return.
PSHYX
- 1D
- -0.11%
- 1M
- 0.18%
- YTD
- 0.55%
- 6M
- 0.98%
- 1Y
- 2.91%
- 3Y*
- 4.56%
- 5Y*
- 2.53%
- 10Y*
- 2.52%
LCCMX
- 1D
- 0.12%
- 1M
- 0.83%
- YTD
- 4.01%
- 6M
- 4.78%
- 1Y
- 11.19%
- 3Y*
- 13.58%
- 5Y*
- 5.65%
- 10Y*
- 4.28%
PSHYX vs. LCCMX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
PSHYX Pioneer Short Term Income Fund | 0.55% | 4.96% | 4.93% | 5.64% | -3.42% | 1.83% | 1.79% | 4.74% | 1.77% | 1.72% |
LCCMX Leader Short Term High Yield Bond Fund | 4.01% | 9.73% | 18.51% | 13.73% | -13.30% | 1.30% | 7.52% | 0.65% | 2.35% | 1.89% |
Correlation
The correlation between PSHYX and LCCMX is 0.20, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.20 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.19 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.23 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.20 |
Correlation (All Time) Calculated using the full available price history since Jul 14, 2005 | 0.19 |
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Return for Risk
PSHYX vs. LCCMX — Risk / Return Rank
PSHYX
LCCMX
PSHYX vs. LCCMX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Pioneer Short Term Income Fund (PSHYX) and Leader Short Term High Yield Bond Fund (LCCMX). 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.
| PSHYX | LCCMX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.97 | ||
| Sortino ratioReturn per unit of downside risk | -2.60 | ||
| Omega ratioGain probability vs. loss probability | 1.37 | 2.01 | -0.64 |
| Calmar ratioReturn relative to maximum drawdown | 2.69 | 2.99 | -0.30 |
| Martin ratioReturn relative to average drawdown | 8.34 | 10.55 | -2.22 |
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Drawdowns
PSHYX vs. LCCMX - Drawdown Comparison
The maximum PSHYX drawdown since its inception was -12.98%, smaller than the maximum LCCMX drawdown of -24.57%. Use the drawdown chart below to compare losses from any high point for PSHYX and LCCMX.
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Drawdown Indicators
| PSHYX | LCCMX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -12.98% | -24.57% | +11.59% |
Max Drawdown (1Y)Largest decline over 1 year | -1.13% | -3.76% | +2.63% |
Max Drawdown (3Y)Largest decline over 3 years | -1.13% | -3.76% | +2.63% |
Max Drawdown (5Y)Largest decline over 5 years | -5.88% | -19.20% | +13.32% |
Max Drawdown (10Y)Largest decline over 10 years | -12.98% | -24.57% | +11.59% |
Current DrawdownCurrent decline from peak | -0.34% | -0.12% | -0.22% |
Average DrawdownAverage peak-to-trough decline | -0.63% | -2.79% | +2.16% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.36% | 1.06% | -0.70% |
Volatility
PSHYX vs. LCCMX - Volatility Comparison
Pioneer Short Term Income Fund (PSHYX) and Leader Short Term High Yield Bond Fund (LCCMX) have volatilities of 0.64% and 0.63%, 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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Volatility by Period
| PSHYX | LCCMX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.64% | 0.63% | +0.01% |
Volatility (6M)Calculated over the trailing 6-month period | 1.43% | 3.36% | -1.93% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.02% | 4.54% | -2.52% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 2.26% | 5.79% | -3.53% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 2.49% | 6.35% | -3.86% |
PSHYX vs. LCCMX - Expense Ratio Comparison
PSHYX has a 0.46% expense ratio, which is lower than LCCMX's 2.55% expense ratio.
Dividends
PSHYX vs. LCCMX - Dividend Comparison
PSHYX's dividend yield for the trailing twelve months is around 5.10%, less than LCCMX's 8.52% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
LCCMX Leader Short Term High Yield Bond Fund | 8.52% | 8.93% | 10.39% | 8.55% | 5.68% | 2.11% | 2.11% | 2.98% | 2.89% | 2.10% | 2.01% | 2.75% |
PSHYX Pioneer Short Term Income Fund | 5.10% | 5.20% | 4.23% | 3.96% | 3.46% | 2.47% | 2.77% | 3.35% | 2.71% | 2.24% | 2.04% | 1.85% |
Frequently Asked Questions
PSHYX and LCCMX have a correlation of 0.20, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
PSHYX has higher volatility (0.64%) compared to LCCMX (0.63%). In terms of maximum drawdown, PSHYX dropped -12.98% vs LCCMX's -24.57%.
LCCMX currently has the higher Sharpe Ratio (2.48 vs 1.51), 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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