TNSHX vs. PSHYX
Compare and contrast key facts about TIAA-CREF Short-Term Bond Index Fund (TNSHX) and Pioneer Short Term Income Fund (PSHYX).
TNSHX is managed by TIAA Investments. It was launched on Aug 7, 2015. PSHYX is managed by Amundi. It was launched on Jul 8, 2004.
Performance
TNSHX vs. PSHYX - Performance Comparison
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TNSHX vs. PSHYX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
TNSHX TIAA-CREF Short-Term Bond Index Fund | -0.07% | 5.31% | 4.03% | 4.05% | -3.96% | -0.57% | 3.26% | 4.05% | 1.31% | 0.70% |
PSHYX Pioneer Short Term Income Fund | -0.12% | 4.96% | 4.93% | 5.64% | -3.42% | 1.83% | 1.79% | 4.74% | 1.77% | 1.72% |
Returns By Period
In the year-to-date period, TNSHX achieves a -0.07% return, which is significantly higher than PSHYX's -0.12% return. Over the past 10 years, TNSHX has underperformed PSHYX with an annualized return of 1.78%, while PSHYX has yielded a comparatively higher 2.51% annualized return.
TNSHX
- 1D
- 0.00%
- 1M
- -0.62%
- YTD
- -0.07%
- 6M
- 0.96%
- 1Y
- 3.56%
- 3Y*
- 3.89%
- 5Y*
- 1.72%
- 10Y*
- 1.78%
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%
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TNSHX vs. PSHYX - Expense Ratio Comparison
TNSHX has a 0.09% expense ratio, which is lower than PSHYX's 0.46% expense ratio.
Return for Risk
TNSHX vs. PSHYX — Risk / Return Rank
TNSHX
PSHYX
TNSHX vs. PSHYX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for TIAA-CREF Short-Term Bond Index Fund (TNSHX) and Pioneer Short Term Income Fund (PSHYX). 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.
| TNSHX | PSHYX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.83 | 1.51 | +0.33 |
Sortino ratioReturn per unit of downside risk | 3.29 | 2.72 | +0.57 |
Omega ratioGain probability vs. loss probability | 1.45 | 1.38 | +0.07 |
Calmar ratioReturn relative to maximum drawdown | 3.67 | 3.15 | +0.52 |
Martin ratioReturn relative to average drawdown | 13.23 | 9.56 | +3.66 |
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
| TNSHX | PSHYX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.83 | 1.51 | +0.33 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.78 | 1.12 | -0.34 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.99 | 1.02 | -0.03 |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.03 | 1.32 | -0.29 |
Correlation
The correlation between TNSHX and PSHYX is 0.67, 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.
Dividends
TNSHX vs. PSHYX - Dividend Comparison
TNSHX's dividend yield for the trailing twelve months is around 3.82%, less than PSHYX's 4.70% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
TNSHX TIAA-CREF Short-Term Bond Index Fund | 3.82% | 4.22% | 3.94% | 2.68% | 1.00% | 1.03% | 1.81% | 2.45% | 1.80% | 1.31% | 0.98% | 0.00% |
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% |
Drawdowns
TNSHX vs. PSHYX - Drawdown Comparison
The maximum TNSHX drawdown since its inception was -5.99%, smaller than the maximum PSHYX drawdown of -12.98%. Use the drawdown chart below to compare losses from any high point for TNSHX and PSHYX.
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Drawdown Indicators
| TNSHX | PSHYX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -5.99% | -12.98% | +6.99% |
Max Drawdown (1Y)Largest decline over 1 year | -1.13% | -1.13% | 0.00% |
Max Drawdown (5Y)Largest decline over 5 years | -5.99% | -5.88% | -0.11% |
Max Drawdown (10Y)Largest decline over 10 years | -5.99% | -12.98% | +6.99% |
Current DrawdownCurrent decline from peak | -0.82% | -0.90% | +0.08% |
Average DrawdownAverage peak-to-trough decline | -0.90% | -0.63% | -0.27% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.31% | 0.37% | -0.06% |
Volatility
TNSHX vs. PSHYX - Volatility Comparison
TIAA-CREF Short-Term Bond Index Fund (TNSHX) and Pioneer Short Term Income Fund (PSHYX) have volatilities of 0.52% and 0.53%, 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.
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Volatility by Period
| TNSHX | PSHYX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.52% | 0.53% | -0.01% |
Volatility (6M)Calculated over the trailing 6-month period | 1.23% | 1.34% | -0.11% |
Volatility (1Y)Calculated over the trailing 1-year period | 1.99% | 2.12% | -0.13% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 2.22% | 2.22% | 0.00% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 1.80% | 2.47% | -0.67% |