PSHYX vs. PARYX
Compare and contrast key facts about Pioneer Short Term Income Fund (PSHYX) and Putnam Short Duration Bond Fund (PARYX).
PSHYX is managed by Amundi US. It was launched on Jul 8, 2004. PARYX is managed by Putnam. It was launched on Dec 23, 2008.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: PSHYX or PARYX.
Correlation
The correlation between PSHYX and PARYX 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
PSHYX vs. PARYX - Performance Comparison
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Key characteristics
PSHYX:
2.76
PARYX:
2.80
PSHYX:
5.24
PARYX:
5.12
PSHYX:
1.74
PARYX:
1.71
PSHYX:
7.11
PARYX:
7.63
PSHYX:
19.83
PARYX:
20.05
PSHYX:
0.32%
PARYX:
0.31%
PSHYX:
2.35%
PARYX:
2.17%
PSHYX:
-12.98%
PARYX:
-7.68%
PSHYX:
-0.34%
PARYX:
-0.50%
Returns By Period
The year-to-date returns for both investments are quite close, with PSHYX having a 1.88% return and PARYX slightly higher at 1.91%. Both investments have delivered pretty close results over the past 10 years, with PSHYX having a 2.62% annualized return and PARYX not far behind at 2.57%.
PSHYX
1.88%
0.43%
2.96%
6.47%
4.55%
2.62%
PARYX
1.91%
0.35%
2.73%
6.02%
2.81%
2.57%
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PSHYX vs. PARYX - Expense Ratio Comparison
PSHYX has a 0.46% expense ratio, which is higher than PARYX's 0.37% expense ratio.
Risk-Adjusted Performance
PSHYX vs. PARYX — Risk-Adjusted Performance Rank
PSHYX
PARYX
PSHYX vs. PARYX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Pioneer Short Term Income Fund (PSHYX) and Putnam Short Duration Bond Fund (PARYX). 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
PSHYX vs. PARYX - Dividend Comparison
PSHYX's dividend yield for the trailing twelve months is around 5.46%, more than PARYX's 4.19% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
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% |
Drawdowns
PSHYX vs. PARYX - Drawdown Comparison
The maximum PSHYX drawdown since its inception was -12.98%, which is greater than PARYX's maximum drawdown of -7.68%. Use the drawdown chart below to compare losses from any high point for PSHYX and PARYX. For additional features, visit the drawdowns tool.
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Volatility
PSHYX vs. PARYX - Volatility Comparison
Pioneer Short Term Income Fund (PSHYX) and Putnam Short Duration Bond Fund (PARYX) 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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