ANBAX vs. PGSIX
Compare and contrast key facts about American Funds Strategic Bond Fund (ANBAX) and Putnam Mortgage Securities Fund (PGSIX).
ANBAX is managed by American Funds. It was launched on Mar 18, 2016. PGSIX is managed by Putnam. It was launched on Feb 8, 1984.
Performance
ANBAX vs. PGSIX - Performance Comparison
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ANBAX vs. PGSIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
ANBAX American Funds Strategic Bond Fund | -0.81% | 7.18% | -0.61% | 1.52% | -12.74% | -1.13% | 18.10% | 7.83% | 0.28% | 2.97% |
PGSIX Putnam Mortgage Securities Fund | 1.26% | 9.36% | 3.52% | 3.66% | -10.79% | -4.31% | -0.73% | 12.39% | -0.79% | 0.97% |
Returns By Period
In the year-to-date period, ANBAX achieves a -0.81% return, which is significantly lower than PGSIX's 1.26% return.
ANBAX
- 1D
- 0.22%
- 1M
- -2.07%
- YTD
- -0.81%
- 6M
- -0.28%
- 1Y
- 2.20%
- 3Y*
- 1.23%
- 5Y*
- -0.80%
- 10Y*
- —
PGSIX
- 1D
- 0.38%
- 1M
- -1.24%
- YTD
- 1.26%
- 6M
- 2.71%
- 1Y
- 6.13%
- 3Y*
- 5.95%
- 5Y*
- -0.05%
- 10Y*
- 1.39%
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ANBAX vs. PGSIX - Expense Ratio Comparison
ANBAX has a 0.71% expense ratio, which is lower than PGSIX's 0.89% expense ratio.
Return for Risk
ANBAX vs. PGSIX — Risk / Return Rank
ANBAX
PGSIX
ANBAX vs. PGSIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for American Funds Strategic Bond Fund (ANBAX) and Putnam Mortgage Securities Fund (PGSIX). 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.
| ANBAX | PGSIX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.55 | 1.17 | -0.62 |
Sortino ratioReturn per unit of downside risk | 0.78 | 1.64 | -0.86 |
Omega ratioGain probability vs. loss probability | 1.11 | 1.22 | -0.11 |
Calmar ratioReturn relative to maximum drawdown | 0.94 | 1.84 | -0.90 |
Martin ratioReturn relative to average drawdown | 3.30 | 5.63 | -2.33 |
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
| ANBAX | PGSIX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.55 | 1.17 | -0.62 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.13 | -0.01 | -0.12 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.24 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.40 | 0.84 | -0.44 |
Correlation
The correlation between ANBAX and PGSIX is 0.57, 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
ANBAX vs. PGSIX - Dividend Comparison
ANBAX's dividend yield for the trailing twelve months is around 3.00%, less than PGSIX's 5.14% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ANBAX American Funds Strategic Bond Fund | 3.00% | 2.78% | 3.07% | 2.91% | 5.31% | 1.74% | 3.87% | 3.09% | 3.51% | 1.76% | 0.00% | 0.00% |
PGSIX Putnam Mortgage Securities Fund | 5.14% | 5.67% | 16.88% | 8.38% | 12.83% | 4.30% | 4.21% | 4.50% | 3.94% | 3.10% | 2.92% | 2.51% |
Drawdowns
ANBAX vs. PGSIX - Drawdown Comparison
The maximum ANBAX drawdown since its inception was -19.33%, smaller than the maximum PGSIX drawdown of -22.28%. Use the drawdown chart below to compare losses from any high point for ANBAX and PGSIX.
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Drawdown Indicators
| ANBAX | PGSIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -19.33% | -22.28% | +2.95% |
Max Drawdown (1Y)Largest decline over 1 year | -3.54% | -3.85% | +0.31% |
Max Drawdown (5Y)Largest decline over 5 years | -19.33% | -21.57% | +2.24% |
Max Drawdown (10Y)Largest decline over 10 years | — | -22.28% | — |
Current DrawdownCurrent decline from peak | -7.70% | -1.49% | -6.21% |
Average DrawdownAverage peak-to-trough decline | -5.65% | -2.62% | -3.03% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.01% | 1.26% | -0.25% |
Volatility
ANBAX vs. PGSIX - Volatility Comparison
American Funds Strategic Bond Fund (ANBAX) and Putnam Mortgage Securities Fund (PGSIX) have volatilities of 1.93% and 1.96%, 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
| ANBAX | PGSIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.93% | 1.96% | -0.03% |
Volatility (6M)Calculated over the trailing 6-month period | 2.65% | 3.45% | -0.80% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.68% | 5.95% | -1.27% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.28% | 6.96% | -0.68% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.43% | 5.91% | -0.48% |