PSHYX vs. SCHO
Compare and contrast key facts about Pioneer Short Term Income Fund (PSHYX) and Schwab Short-Term U.S. Treasury ETF (SCHO).
PSHYX is managed by Amundi US. It was launched on Jul 8, 2004. SCHO is a passively managed fund by Charles Schwab that tracks the performance of the Bloomberg US Treasury (1-3 Y) (Inception 4/30/1996). It was launched on Aug 5, 2010.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: PSHYX or SCHO.
Performance
PSHYX vs. SCHO - Performance Comparison
Returns By Period
In the year-to-date period, PSHYX achieves a 5.29% return, which is significantly higher than SCHO's 4.50% return. Over the past 10 years, PSHYX has outperformed SCHO with an annualized return of 2.38%, while SCHO has yielded a comparatively lower 2.06% annualized return.
PSHYX
5.29%
0.01%
3.64%
7.59%
2.62%
2.38%
SCHO
4.50%
-0.16%
3.28%
6.84%
2.24%
2.06%
Key characteristics
| PSHYX | SCHO | |
|---|---|---|
| Sharpe Ratio | 3.12 | 3.35 |
| Sortino Ratio | 6.34 | 5.88 |
| Omega Ratio | 1.89 | 1.80 |
| Calmar Ratio | 8.50 | 7.00 |
| Martin Ratio | 22.98 | 19.65 |
| Ulcer Index | 0.33% | 0.35% |
| Daily Std Dev | 2.43% | 2.05% |
| Max Drawdown | -12.99% | -5.28% |
| Current Drawdown | -0.66% | -0.82% |
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PSHYX vs. SCHO - Expense Ratio Comparison
PSHYX has a 0.46% expense ratio, which is higher than SCHO's 0.05% expense ratio.
Correlation
The correlation between PSHYX and SCHO is 0.49, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Risk-Adjusted Performance
PSHYX vs. SCHO - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Pioneer Short Term Income Fund (PSHYX) and Schwab Short-Term U.S. Treasury ETF (SCHO). 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. SCHO - Dividend Comparison
PSHYX's dividend yield for the trailing twelve months is around 5.69%, which matches SCHO's 5.72% 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% |
SCHO Schwab Short-Term U.S. Treasury ETF | 5.72% | 6.05% | 2.16% | 0.69% | 1.83% | 3.60% | 3.11% | 1.86% | 1.30% | 1.11% | 0.74% | 0.46% |
Drawdowns
PSHYX vs. SCHO - Drawdown Comparison
The maximum PSHYX drawdown since its inception was -12.99%, which is greater than SCHO's maximum drawdown of -5.28%. Use the drawdown chart below to compare losses from any high point for PSHYX and SCHO. For additional features, visit the drawdowns tool.
Volatility
PSHYX vs. SCHO - Volatility Comparison
Pioneer Short Term Income Fund (PSHYX) has a higher volatility of 0.63% compared to Schwab Short-Term U.S. Treasury ETF (SCHO) at 0.38%. This indicates that PSHYX's price experiences larger fluctuations and is considered to be riskier than SCHO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.