PSHYX vs. SWSBX
Compare and contrast key facts about Pioneer Short Term Income Fund (PSHYX) and Schwab Short-Term Bond Index Fund (SWSBX).
PSHYX is managed by Amundi. It was launched on Jul 8, 2004. SWSBX is a passively managed fund by Charles Schwab that tracks the performance of the Bloomberg US Government/Credit 1-5 Year Index. It was launched on Feb 23, 2017.
Performance
PSHYX vs. SWSBX - Performance Comparison
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PSHYX vs. SWSBX - 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% | 1.33% |
SWSBX Schwab Short-Term Bond Index Fund | -0.16% | 6.06% | 3.42% | 3.95% | -5.89% | -1.28% | 4.47% | 4.96% | 1.34% | 0.85% |
Returns By Period
In the year-to-date period, PSHYX achieves a -0.12% return, which is significantly higher than SWSBX's -0.16% 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%
SWSBX
- 1D
- 0.10%
- 1M
- -0.93%
- YTD
- -0.16%
- 6M
- 0.78%
- 1Y
- 3.74%
- 3Y*
- 3.77%
- 5Y*
- 1.27%
- 10Y*
- —
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PSHYX vs. SWSBX - Expense Ratio Comparison
PSHYX has a 0.46% expense ratio, which is higher than SWSBX's 0.06% expense ratio.
Return for Risk
PSHYX vs. SWSBX — Risk / Return Rank
PSHYX
SWSBX
PSHYX vs. SWSBX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Pioneer Short Term Income Fund (PSHYX) and Schwab Short-Term Bond Index Fund (SWSBX). 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 | SWSBX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.51 | 1.59 | -0.08 |
Sortino ratioReturn per unit of downside risk | 2.72 | 2.60 | +0.11 |
Omega ratioGain probability vs. loss probability | 1.38 | 1.33 | +0.05 |
Calmar ratioReturn relative to maximum drawdown | 3.15 | 2.71 | +0.44 |
Martin ratioReturn relative to average drawdown | 9.56 | 9.85 | -0.29 |
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 | SWSBX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.51 | 1.59 | -0.08 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.12 | 0.43 | +0.69 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 1.02 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.32 | 0.76 | +0.55 |
Correlation
The correlation between PSHYX and SWSBX is 0.72, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Dividends
PSHYX vs. SWSBX - Dividend Comparison
PSHYX's dividend yield for the trailing twelve months is around 4.70%, more than SWSBX's 3.79% 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% |
SWSBX Schwab Short-Term Bond Index Fund | 3.79% | 4.09% | 3.66% | 2.36% | 1.11% | 0.97% | 1.82% | 2.41% | 2.12% | 1.56% | 0.00% | 0.00% |
Drawdowns
PSHYX vs. SWSBX - Drawdown Comparison
The maximum PSHYX drawdown since its inception was -12.98%, which is greater than SWSBX's maximum drawdown of -9.06%. Use the drawdown chart below to compare losses from any high point for PSHYX and SWSBX.
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Drawdown Indicators
| PSHYX | SWSBX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -12.98% | -9.06% | -3.92% |
Max Drawdown (1Y)Largest decline over 1 year | -1.13% | -1.54% | +0.41% |
Max Drawdown (5Y)Largest decline over 5 years | -5.88% | -9.06% | +3.18% |
Max Drawdown (10Y)Largest decline over 10 years | -12.98% | — | — |
Current DrawdownCurrent decline from peak | -0.90% | -1.13% | +0.23% |
Average DrawdownAverage peak-to-trough decline | -0.63% | -1.81% | +1.18% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.37% | 0.42% | -0.05% |
Volatility
PSHYX vs. SWSBX - Volatility Comparison
The current volatility for Pioneer Short Term Income Fund (PSHYX) is 0.53%, while Schwab Short-Term Bond Index Fund (SWSBX) has a volatility of 0.73%. This indicates that PSHYX experiences smaller price fluctuations and is considered to be less risky than SWSBX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PSHYX | SWSBX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.53% | 0.73% | -0.20% |
Volatility (6M)Calculated over the trailing 6-month period | 1.34% | 1.49% | -0.15% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.12% | 2.40% | -0.28% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 2.22% | 2.95% | -0.73% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 2.47% | 2.47% | 0.00% |