PSHYX vs. PIOTX
Compare and contrast key facts about Pioneer Short Term Income Fund (PSHYX) and Pioneer Core Equity Fund (PIOTX).
PSHYX is managed by Amundi. It was launched on Jul 8, 2004. PIOTX is managed by Amundi. It was launched on Nov 18, 1999.
Performance
PSHYX vs. PIOTX - Performance Comparison
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PSHYX vs. PIOTX - 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% |
PIOTX Pioneer Core Equity Fund | -0.70% | 16.94% | 14.35% | 18.18% | -17.27% | 25.81% | 20.98% | 31.42% | -8.32% | 24.89% |
Returns By Period
In the year-to-date period, PSHYX achieves a -0.12% return, which is significantly higher than PIOTX's -0.70% return. Over the past 10 years, PSHYX has underperformed PIOTX with an annualized return of 2.51%, while PIOTX has yielded a comparatively higher 12.48% annualized return.
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%
PIOTX
- 1D
- 1.85%
- 1M
- -3.39%
- YTD
- -0.70%
- 6M
- 3.91%
- 1Y
- 20.09%
- 3Y*
- 14.36%
- 5Y*
- 8.65%
- 10Y*
- 12.48%
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PSHYX vs. PIOTX - Expense Ratio Comparison
PSHYX has a 0.46% expense ratio, which is lower than PIOTX's 0.88% expense ratio.
Return for Risk
PSHYX vs. PIOTX — Risk / Return Rank
PSHYX
PIOTX
PSHYX vs. PIOTX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Pioneer Short Term Income Fund (PSHYX) and Pioneer Core Equity Fund (PIOTX). 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 | PIOTX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.51 | 1.09 | +0.42 |
Sortino ratioReturn per unit of downside risk | 2.72 | 1.61 | +1.11 |
Omega ratioGain probability vs. loss probability | 1.38 | 1.25 | +0.13 |
Calmar ratioReturn relative to maximum drawdown | 3.15 | 1.61 | +1.54 |
Martin ratioReturn relative to average drawdown | 9.56 | 6.80 | +2.77 |
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 | PIOTX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.51 | 1.09 | +0.42 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.12 | 0.51 | +0.61 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 1.02 | 0.70 | +0.32 |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.32 | 0.13 | +1.19 |
Correlation
The correlation between PSHYX and PIOTX is -0.06. 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
PSHYX vs. PIOTX - Dividend Comparison
PSHYX's dividend yield for the trailing twelve months is around 4.70%, less than PIOTX's 7.59% 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% |
PIOTX Pioneer Core Equity Fund | 7.59% | 7.53% | 5.87% | 2.83% | 7.10% | 20.38% | 8.56% | 3.06% | 19.73% | 9.04% | 1.13% | 0.74% |
Drawdowns
PSHYX vs. PIOTX - Drawdown Comparison
The maximum PSHYX drawdown since its inception was -12.98%, smaller than the maximum PIOTX drawdown of -66.24%. Use the drawdown chart below to compare losses from any high point for PSHYX and PIOTX.
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Drawdown Indicators
| PSHYX | PIOTX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -12.98% | -66.24% | +53.26% |
Max Drawdown (1Y)Largest decline over 1 year | -1.13% | -12.86% | +11.73% |
Max Drawdown (5Y)Largest decline over 5 years | -5.88% | -26.49% | +20.61% |
Max Drawdown (10Y)Largest decline over 10 years | -12.98% | -31.79% | +18.81% |
Current DrawdownCurrent decline from peak | -0.90% | -6.46% | +5.56% |
Average DrawdownAverage peak-to-trough decline | -0.63% | -20.26% | +19.63% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.37% | 3.05% | -2.68% |
Volatility
PSHYX vs. PIOTX - Volatility Comparison
The current volatility for Pioneer Short Term Income Fund (PSHYX) is 0.53%, while Pioneer Core Equity Fund (PIOTX) has a volatility of 3.74%. This indicates that PSHYX experiences smaller price fluctuations and is considered to be less risky than PIOTX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PSHYX | PIOTX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.53% | 3.74% | -3.21% |
Volatility (6M)Calculated over the trailing 6-month period | 1.34% | 9.41% | -8.07% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.12% | 18.72% | -16.60% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 2.22% | 16.93% | -14.71% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 2.47% | 17.97% | -15.50% |