PSHYX vs. PULS
Compare and contrast key facts about Pioneer Short Term Income Fund (PSHYX) and PGIM Ultra Short Bond ETF (PULS).
PSHYX is managed by Amundi US. It was launched on Jul 8, 2004. PULS is an actively managed fund by Prudential. It was launched on Apr 5, 2018.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: PSHYX or PULS.
Performance
PSHYX vs. PULS - Performance Comparison
Returns By Period
The year-to-date returns for both investments are quite close, with PSHYX having a 5.29% return and PULS slightly higher at 5.47%.
PSHYX
5.29%
0.01%
3.64%
7.59%
2.62%
2.38%
PULS
5.47%
0.39%
2.89%
6.35%
3.10%
N/A
Key characteristics
| PSHYX | PULS | |
|---|---|---|
| Sharpe Ratio | 3.12 | 12.22 |
| Sortino Ratio | 6.34 | 30.20 |
| Omega Ratio | 1.89 | 7.88 |
| Calmar Ratio | 8.50 | 63.77 |
| Martin Ratio | 22.98 | 393.30 |
| Ulcer Index | 0.33% | 0.02% |
| Daily Std Dev | 2.43% | 0.53% |
| Max Drawdown | -12.99% | -5.85% |
| Current Drawdown | -0.66% | 0.00% |
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PSHYX vs. PULS - Expense Ratio Comparison
PSHYX has a 0.46% expense ratio, which is higher than PULS's 0.15% expense ratio.
Correlation
The correlation between PSHYX and PULS 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.
Risk-Adjusted Performance
PSHYX vs. PULS - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Pioneer Short Term Income Fund (PSHYX) and PGIM Ultra Short Bond ETF (PULS). 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.
Dividends
PSHYX vs. PULS - Dividend Comparison
PSHYX's dividend yield for the trailing twelve months is around 5.69%, which matches PULS's 5.69% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PSHYX Pioneer Short Term Income Fund | 5.69% | 5.49% | 3.46% | 2.50% | 2.79% | 3.36% | 2.73% | 2.27% | 2.09% | 1.87% | 1.92% | 2.26% |
PULS PGIM Ultra Short Bond ETF | 5.69% | 5.48% | 2.30% | 1.19% | 1.85% | 2.92% | 1.87% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
PSHYX vs. PULS - Drawdown Comparison
The maximum PSHYX drawdown since its inception was -12.99%, which is greater than PULS's maximum drawdown of -5.85%. Use the drawdown chart below to compare losses from any high point for PSHYX and PULS. For additional features, visit the drawdowns tool.
Volatility
PSHYX vs. PULS - Volatility Comparison
Pioneer Short Term Income Fund (PSHYX) has a higher volatility of 0.63% compared to PGIM Ultra Short Bond ETF (PULS) at 0.12%. This indicates that PSHYX's price experiences larger fluctuations and is considered to be riskier than PULS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.