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PTSHX vs. SEMRX
Performance
Return for Risk
Drawdowns
Volatility
Dividends

PTSHX vs. SEMRX

Last updated Jun 23, 2026

PTSHX (PIMCO Short Term Fund) and SEMRX (Semper Short Duration Fund) are both Ultrashort Bond funds. Over the past 10 years, PTSHX returned 3.00%/yr vs 3.40%/yr for SEMRX. At a 0.21 correlation, their price movements are largely independent. PTSHX charges 0.45%/yr vs 0.85%/yr for SEMRX.

Performance

PTSHX vs. SEMRX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in PIMCO Short Term Fund (PTSHX) and Semper Short Duration Fund (SEMRX). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, PTSHX achieves a 2.03% return, which is significantly lower than SEMRX's 2.15% return. Over the past 10 years, PTSHX has underperformed SEMRX with an annualized return of 3.00%, while SEMRX has yielded a comparatively higher 3.40% annualized return.

PTSHX

1D
0.00%
1M
0.46%
YTD
2.03%
6M
2.42%
1Y
5.09%
3Y*
5.72%
5Y*
3.71%
10Y*
3.00%

SEMRX

1D
0.00%
1M
0.56%
YTD
2.15%
6M
2.65%
1Y
5.84%
3Y*
7.34%
5Y*
4.80%
10Y*
3.40%
*Multi-year figures are annualized to reflect compound growth (CAGR)

PTSHX vs. SEMRX - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
PTSHX
PIMCO Short Term Fund		2.03%4.88%6.43%6.09%-0.55%0.02%2.75%2.74%1.51%2.43%
SEMRX
Semper Short Duration Fund		2.15%6.47%8.21%8.76%-1.69%1.93%-1.19%3.48%2.11%2.74%

Correlation

The correlation between PTSHX and SEMRX is 0.23, which is low. Their price movements are largely independent, making them effective diversification partners.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.23

Correlation (3Y)
Calculated over the trailing 3-year period

0.19

Correlation (5Y)
Calculated over the trailing 5-year period

0.21

Correlation (10Y)
Calculated over the trailing 10-year period

0.25

Correlation (All Time)
Calculated using the full available price history since Jan 3, 2011

0.21

Compare stocks, funds, or ETFs

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PIMCO Short Term Fund

Semper Short Duration Fund

Often compared with PTSHX:
PTSHX vs. SWBGXPTSHX vs. PIMIXPTSHX vs. FCNVXPTSHX vs. TRBUXPTSHX vs. VUBFXPTSHX vs. SWSBXPTSHX vs. IGSB
Often compared with SEMRX:
SEMRX vs. DHEAXSEMRX vs. ^GSPCSEMRX vs. JAAASEMRX vs. TBUXSEMRX vs. TRBUXSEMRX vs. SGOVSEMRX vs. FLOT

Return for Risk

PTSHX vs. SEMRX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
PTSHX
PTSHX Risk / Return Rank: 9999
Overall Rank
PTSHX Sharpe Ratio Rank: 9898
Sharpe Ratio Rank
PTSHX Sortino Ratio Rank: 100100
Sortino Ratio Rank
PTSHX Omega Ratio Rank: 9999
Omega Ratio Rank
PTSHX Calmar Ratio Rank: 100100
Calmar Ratio Rank
PTSHX Martin Ratio Rank: 100100
Martin Ratio Rank
SEMRX
SEMRX Risk / Return Rank: 9999
Overall Rank
SEMRX Sharpe Ratio Rank: 9696
Sharpe Ratio Rank
SEMRX Sortino Ratio Rank: 9999
Sortino Ratio Rank
SEMRX Omega Ratio Rank: 9999
Omega Ratio Rank
SEMRX Calmar Ratio Rank: 9999
Calmar Ratio Rank
SEMRX Martin Ratio Rank: 9999
Martin Ratio Rank
The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

PTSHX vs. SEMRX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for PIMCO Short Term Fund (PTSHX) and Semper Short Duration Fund (SEMRX). 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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

PTSHXSEMRXDifference
Sharpe ratioReturn per unit of total volatility
3.47
3.20

+0.27

Sortino ratioReturn per unit of downside risk
11.49
10.88

+0.60

Omega ratioGain probability vs. loss probability

3.78

3.13

+0.64

Calmar ratioReturn relative to maximum drawdown

24.33

11.44

+12.89

Martin ratioReturn relative to average drawdown

79.33

47.33

+32.00

PTSHX vs. SEMRX - Sharpe Ratio Comparison

The current PTSHX Sharpe Ratio is 3.47, which is comparable to the SEMRX Sharpe Ratio of 3.20. The chart below compares the historical Sharpe Ratios of PTSHX and SEMRX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Drawdowns

PTSHX vs. SEMRX - Drawdown Comparison

The maximum PTSHX drawdown since its inception was -5.12%, smaller than the maximum SEMRX drawdown of -13.09%. Use the drawdown chart below to compare losses from any high point for PTSHX and SEMRX.

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Drawdown Indicators

PTSHXSEMRXDifference

Max Drawdown

Largest peak-to-trough decline

-5.12%

-13.09%

+7.97%

Max Drawdown (1Y)

Largest decline over 1 year

-0.21%

-0.52%

+0.31%

Max Drawdown (3Y)

Largest decline over 3 years

-0.41%

-0.63%

+0.22%

Max Drawdown (5Y)

Largest decline over 5 years

-2.33%

-4.05%

+1.72%

Max Drawdown (10Y)

Largest decline over 10 years

-4.79%

-13.09%

+8.30%

Current Drawdown

Current decline from peak

0.00%

-0.10%

+0.10%

Average Drawdown

Average peak-to-trough decline

-0.19%

-0.62%

+0.43%

Ulcer Index

Depth and duration of drawdowns from previous peaks

0.07%

0.13%

-0.06%

Volatility

PTSHX vs. SEMRX - Volatility Comparison

The current volatility for PIMCO Short Term Fund (PTSHX) is 0.42%, while Semper Short Duration Fund (SEMRX) has a volatility of 0.51%. This indicates that PTSHX experiences smaller price fluctuations and is considered to be less risky than SEMRX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

PTSHXSEMRXDifference

Volatility (1M)

Calculated over the trailing 1-month period

0.42%

0.51%

-0.09%

Volatility (6M)

Calculated over the trailing 6-month period

0.97%

1.28%

-0.31%

Volatility (1Y)

Calculated over the trailing 1-year period

1.45%

1.87%

-0.42%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

1.40%

1.84%

-0.44%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

1.35%

2.31%

-0.96%

PTSHX vs. SEMRX - Expense Ratio Comparison

PTSHX has a 0.45% expense ratio, which is lower than SEMRX's 0.85% expense ratio.

Dividends

PTSHX vs. SEMRX - Dividend Comparison

PTSHX's dividend yield for the trailing twelve months is around 4.43%, less than SEMRX's 5.67% yield.

PositionTTM20252024202320222021202020192018201720162015
PTSHX
PIMCO Short Term Fund		4.43%4.75%5.16%4.51%2.80%0.63%1.78%2.92%2.65%1.69%1.67%1.57%
SEMRX
Semper Short Duration Fund		5.67%5.94%6.13%6.05%3.22%1.71%1.95%2.90%2.70%2.20%3.03%2.35%

Frequently Asked Questions

PTSHX and SEMRX have a correlation of 0.23, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

SEMRX has higher volatility (0.51%) compared to PTSHX (0.42%). In terms of maximum drawdown, PTSHX dropped -5.12% vs SEMRX's -13.09%.

PTSHX currently has the higher Sharpe Ratio (3.47 vs 3.20), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.

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