PSHYX vs. VCSH
Compare and contrast key facts about Pioneer Short Term Income Fund (PSHYX) and Vanguard Short-Term Corporate Bond ETF (VCSH).
PSHYX is managed by Amundi US. It was launched on Jul 8, 2004. VCSH is a passively managed fund by Vanguard that tracks the performance of the Barclays Capital U.S. 1-5 Year Corporate Index. It was launched on Nov 19, 2009.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: PSHYX or VCSH.
Performance
PSHYX vs. VCSH - Performance Comparison
Returns By Period
In the year-to-date period, PSHYX achieves a 5.29% return, which is significantly higher than VCSH's 4.39% return. Both investments have delivered pretty close results over the past 10 years, with PSHYX having a 2.38% annualized return and VCSH not far behind at 2.29%.
PSHYX
5.29%
0.01%
3.64%
7.59%
2.62%
2.38%
VCSH
4.39%
-0.24%
3.70%
6.92%
1.91%
2.29%
Key characteristics
| PSHYX | VCSH | |
|---|---|---|
| Sharpe Ratio | 3.12 | 2.84 |
| Sortino Ratio | 6.34 | 4.50 |
| Omega Ratio | 1.89 | 1.57 |
| Calmar Ratio | 8.50 | 2.13 |
| Martin Ratio | 22.98 | 15.40 |
| Ulcer Index | 0.33% | 0.46% |
| Daily Std Dev | 2.43% | 2.47% |
| Max Drawdown | -12.99% | -12.86% |
| Current Drawdown | -0.66% | -1.05% |
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PSHYX vs. VCSH - Expense Ratio Comparison
PSHYX has a 0.46% expense ratio, which is higher than VCSH's 0.04% expense ratio.
Correlation
The correlation between PSHYX and VCSH 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. VCSH - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Pioneer Short Term Income Fund (PSHYX) and Vanguard Short-Term Corporate Bond ETF (VCSH). 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. VCSH - Dividend Comparison
PSHYX's dividend yield for the trailing twelve months is around 5.69%, more than VCSH's 3.82% 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% |
VCSH Vanguard Short-Term Corporate Bond ETF | 3.82% | 3.09% | 2.01% | 1.81% | 2.27% | 2.87% | 2.65% | 2.25% | 2.10% | 2.08% | 2.01% | 2.05% |
Drawdowns
PSHYX vs. VCSH - Drawdown Comparison
The maximum PSHYX drawdown since its inception was -12.99%, roughly equal to the maximum VCSH drawdown of -12.86%. Use the drawdown chart below to compare losses from any high point for PSHYX and VCSH. For additional features, visit the drawdowns tool.
Volatility
PSHYX vs. VCSH - Volatility Comparison
Pioneer Short Term Income Fund (PSHYX) and Vanguard Short-Term Corporate Bond ETF (VCSH) have volatilities of 0.63% and 0.61%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.