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PSHYX vs. PULS
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Correlation

The correlation between PSHYX and PULS is 0.30, 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.


-0.50.00.51.00.3

Performance

PSHYX vs. PULS - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Pioneer Short Term Income Fund (PSHYX) and PGIM Ultra Short Bond ETF (PULS). The values are adjusted to include any dividend payments, if applicable.

0.00%0.50%1.00%1.50%2.00%2.50%3.00%AugustSeptemberOctoberNovemberDecember2025
2.32%
2.89%
PSHYX
PULS

Key characteristics

Sharpe Ratio

PSHYX:

2.43

PULS:

12.05

Sortino Ratio

PSHYX:

4.72

PULS:

28.89

Omega Ratio

PSHYX:

1.67

PULS:

7.58

Calmar Ratio

PSHYX:

6.20

PULS:

60.88

Martin Ratio

PSHYX:

14.96

PULS:

374.51

Ulcer Index

PSHYX:

0.37%

PULS:

0.02%

Daily Std Dev

PSHYX:

2.27%

PULS:

0.51%

Max Drawdown

PSHYX:

-12.99%

PULS:

-5.85%

Current Drawdown

PSHYX:

-0.54%

PULS:

0.00%

Returns By Period


PSHYX

YTD

0.00%

1M

-0.22%

6M

2.32%

1Y

5.53%

5Y*

2.50%

10Y*

2.38%

PULS

YTD

0.06%

1M

0.42%

6M

2.89%

1Y

6.15%

5Y*

3.16%

10Y*

N/A

*Annualized

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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.


PSHYX
Pioneer Short Term Income Fund
Expense ratio chart for PSHYX: current value at 0.46% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.46%
Expense ratio chart for PULS: current value at 0.15% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.15%

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.


Sharpe ratio
The chart of Sharpe ratio for PSHYX, currently valued at 2.43, compared to the broader market-1.000.001.002.003.002.4312.05
The chart of Sortino ratio for PSHYX, currently valued at 4.72, compared to the broader market-2.000.002.004.006.008.004.7228.89
The chart of Omega ratio for PSHYX, currently valued at 1.67, compared to the broader market0.501.001.502.002.503.001.677.58
The chart of Calmar ratio for PSHYX, currently valued at 6.20, compared to the broader market0.002.004.006.008.0010.006.2060.88
The chart of Martin ratio for PSHYX, currently valued at 14.96, compared to the broader market0.0010.0020.0030.0040.0050.0014.96374.51
PSHYX
PULS

The current PSHYX Sharpe Ratio is 2.43, which is lower than the PULS Sharpe Ratio of 12.05. The chart below compares the historical Sharpe Ratios of PSHYX and PULS, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.


Rolling 12-month Sharpe Ratio2.004.006.008.0010.0012.00AugustSeptemberOctoberNovemberDecember2025
2.43
12.05
PSHYX
PULS

Dividends

PSHYX vs. PULS - Dividend Comparison

PSHYX's dividend yield for the trailing twelve months is around 4.68%, less than PULS's 5.62% yield.


TTM20242023202220212020201920182017201620152014
PSHYX
Pioneer Short Term Income Fund
4.68%4.68%5.49%3.46%2.50%2.79%3.36%2.73%2.27%2.09%1.87%1.92%
PULS
PGIM Ultra Short Bond ETF
5.62%5.63%5.48%2.30%1.19%1.85%2.92%1.87%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.


-0.80%-0.60%-0.40%-0.20%0.00%AugustSeptemberOctoberNovemberDecember2025
-0.54%
0
PSHYX
PULS

Volatility

PSHYX vs. PULS - Volatility Comparison

Pioneer Short Term Income Fund (PSHYX) has a higher volatility of 0.35% 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.


0.00%0.20%0.40%0.60%0.80%1.00%AugustSeptemberOctoberNovemberDecember2025
0.35%
0.12%
PSHYX
PULS
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Disclaimer

The information contained herein does not constitute investment advice and made available for educational purposes only. Prices and returns on equities are listed without consideration of fees, commissions, taxes, penalties, or interest payable due to purchasing, holding, or selling.

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