PSHYX vs. PMAIX
Compare and contrast key facts about Pioneer Short Term Income Fund (PSHYX) and Pioneer Multi-Asset Income Fund A (PMAIX).
PSHYX is managed by Amundi. It was launched on Jul 8, 2004. PMAIX is managed by Amundi. It was launched on Dec 22, 2011.
Performance
PSHYX vs. PMAIX - Performance Comparison
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PSHYX vs. PMAIX - 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% |
PMAIX Pioneer Multi-Asset Income Fund A | 1.34% | 23.03% | 6.09% | 7.32% | -0.79% | 12.00% | 5.35% | 10.88% | -6.10% | 17.97% |
Returns By Period
In the year-to-date period, PSHYX achieves a -0.12% return, which is significantly lower than PMAIX's 1.34% return. Over the past 10 years, PSHYX has underperformed PMAIX with an annualized return of 2.51%, while PMAIX has yielded a comparatively higher 8.51% 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%
PMAIX
- 1D
- 0.54%
- 1M
- -2.74%
- YTD
- 1.34%
- 6M
- 4.36%
- 1Y
- 17.30%
- 3Y*
- 12.04%
- 5Y*
- 7.98%
- 10Y*
- 8.51%
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PSHYX vs. PMAIX - Expense Ratio Comparison
PSHYX has a 0.46% expense ratio, which is lower than PMAIX's 0.85% expense ratio.
Return for Risk
PSHYX vs. PMAIX — Risk / Return Rank
PSHYX
PMAIX
PSHYX vs. PMAIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Pioneer Short Term Income Fund (PSHYX) and Pioneer Multi-Asset Income Fund A (PMAIX). 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 | PMAIX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.51 | 2.43 | -0.92 |
Sortino ratioReturn per unit of downside risk | 2.72 | 3.08 | -0.36 |
Omega ratioGain probability vs. loss probability | 1.38 | 1.52 | -0.14 |
Calmar ratioReturn relative to maximum drawdown | 3.15 | 2.50 | +0.65 |
Martin ratioReturn relative to average drawdown | 9.56 | 11.66 | -2.09 |
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 | PMAIX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.51 | 2.43 | -0.92 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.12 | 1.11 | +0.01 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 1.02 | 1.13 | -0.11 |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.32 | 1.12 | +0.20 |
Correlation
The correlation between PSHYX and PMAIX is 0.17, 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. PMAIX - Dividend Comparison
PSHYX's dividend yield for the trailing twelve months is around 4.70%, less than PMAIX's 5.79% 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% |
PMAIX Pioneer Multi-Asset Income Fund A | 5.79% | 6.29% | 5.30% | 5.14% | 4.53% | 5.50% | 5.39% | 5.78% | 5.83% | 6.69% | 5.53% | 5.92% |
Drawdowns
PSHYX vs. PMAIX - Drawdown Comparison
The maximum PSHYX drawdown since its inception was -12.98%, smaller than the maximum PMAIX drawdown of -24.12%. Use the drawdown chart below to compare losses from any high point for PSHYX and PMAIX.
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Drawdown Indicators
| PSHYX | PMAIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -12.98% | -24.12% | +11.14% |
Max Drawdown (1Y)Largest decline over 1 year | -1.13% | -7.06% | +5.93% |
Max Drawdown (5Y)Largest decline over 5 years | -5.88% | -13.97% | +8.09% |
Max Drawdown (10Y)Largest decline over 10 years | -12.98% | -24.12% | +11.14% |
Current DrawdownCurrent decline from peak | -0.90% | -3.10% | +2.20% |
Average DrawdownAverage peak-to-trough decline | -0.63% | -2.69% | +2.06% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.37% | 1.52% | -1.15% |
Volatility
PSHYX vs. PMAIX - Volatility Comparison
The current volatility for Pioneer Short Term Income Fund (PSHYX) is 0.53%, while Pioneer Multi-Asset Income Fund A (PMAIX) has a volatility of 2.29%. This indicates that PSHYX experiences smaller price fluctuations and is considered to be less risky than PMAIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PSHYX | PMAIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.53% | 2.29% | -1.76% |
Volatility (6M)Calculated over the trailing 6-month period | 1.34% | 4.18% | -2.84% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.12% | 7.19% | -5.07% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 2.22% | 7.20% | -4.98% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 2.47% | 7.58% | -5.11% |