AUGAX vs. PGSIX
AUGAX (Columbia Quality Income Fund) and PGSIX (Putnam Mortgage Securities Fund) are both Intermediate Core-Plus Bond funds. Over the past 10 years, AUGAX returned 1.13%/yr vs 1.56%/yr for PGSIX. A 0.63 correlation means they provide meaningful diversification when combined. Both charge a 0.89% expense ratio.
Performance
AUGAX vs. PGSIX - Performance Comparison
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Returns By Period
In the year-to-date period, AUGAX achieves a 0.34% return, which is significantly lower than PGSIX's 3.45% return. Over the past 10 years, AUGAX has underperformed PGSIX with an annualized return of 1.13%, while PGSIX has yielded a comparatively higher 1.56% annualized return.
AUGAX
- 1D
- 0.17%
- 1M
- 1.07%
- YTD
- 0.34%
- 6M
- 0.52%
- 1Y
- 3.58%
- 3Y*
- 4.58%
- 5Y*
- -1.24%
- 10Y*
- 1.13%
PGSIX
- 1D
- 0.17%
- 1M
- 1.30%
- YTD
- 3.45%
- 6M
- 3.19%
- 1Y
- 7.97%
- 3Y*
- 6.56%
- 5Y*
- 0.94%
- 10Y*
- 1.56%
AUGAX vs. PGSIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
AUGAX Columbia Quality Income Fund | 0.34% | 9.29% | 1.53% | 3.67% | -17.22% | -0.15% | 5.75% | 6.53% | 1.51% | 2.98% |
PGSIX Putnam Mortgage Securities Fund | 3.45% | 9.36% | 3.52% | 3.66% | -10.79% | -4.31% | -0.73% | 12.39% | -0.79% | 0.82% |
Correlation
The correlation between AUGAX and PGSIX is 0.83, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.83 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.87 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.84 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.72 |
Correlation (All Time) Calculated using the full available price history since Feb 14, 2002 | 0.63 |
The correlation between AUGAX and PGSIX shifts across timeframes, from 0.63 (all time) to 0.87 (3 years), reflecting how their relationship changes across market environments.
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Return for Risk
AUGAX vs. PGSIX — Risk / Return Rank
AUGAX
PGSIX
AUGAX vs. PGSIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Columbia Quality Income Fund (AUGAX) 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.
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.
| AUGAX | PGSIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.91 | ||
| Sortino ratioReturn per unit of downside risk | -1.39 | ||
| Omega ratioGain probability vs. loss probability | 1.14 | 1.31 | -0.18 |
| Calmar ratioReturn relative to maximum drawdown | 0.97 | 3.00 | -2.02 |
| Martin ratioReturn relative to average drawdown | 2.73 | 10.04 | -7.31 |
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Drawdowns
AUGAX vs. PGSIX - Drawdown Comparison
The maximum AUGAX drawdown since its inception was -25.23%, which is greater than PGSIX's maximum drawdown of -22.28%. Use the drawdown chart below to compare losses from any high point for AUGAX and PGSIX.
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Drawdown Indicators
| AUGAX | PGSIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -25.23% | -22.28% | -2.95% |
Max Drawdown (1Y)Largest decline over 1 year | -4.29% | -2.85% | -1.44% |
Max Drawdown (3Y)Largest decline over 3 years | -8.64% | -6.88% | -1.76% |
Max Drawdown (5Y)Largest decline over 5 years | -25.18% | -19.20% | -5.98% |
Max Drawdown (10Y)Largest decline over 10 years | -25.23% | -22.28% | -2.95% |
Current DrawdownCurrent decline from peak | -6.69% | 0.00% | -6.69% |
Average DrawdownAverage peak-to-trough decline | -3.07% | -2.60% | -0.47% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.52% | 0.85% | +0.67% |
Volatility
AUGAX vs. PGSIX - Volatility Comparison
Columbia Quality Income Fund (AUGAX) has a higher volatility of 1.70% compared to Putnam Mortgage Securities Fund (PGSIX) at 1.55%. This indicates that AUGAX's price experiences larger fluctuations and is considered to be riskier than PGSIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| AUGAX | PGSIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.70% | 1.55% | +0.15% |
Volatility (6M)Calculated over the trailing 6-month period | 3.72% | 3.53% | +0.19% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.23% | 5.01% | +0.22% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.79% | 7.01% | +0.78% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.96% | 5.96% | 0.00% |
AUGAX vs. PGSIX - Expense Ratio Comparison
Both AUGAX and PGSIX have an expense ratio of 0.89%.
Dividends
AUGAX vs. PGSIX - Dividend Comparison
AUGAX's dividend yield for the trailing twelve months is around 4.15%, less than PGSIX's 4.70% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AUGAX Columbia Quality Income Fund | 4.15% | 4.04% | 3.92% | 3.27% | 2.68% | 2.14% | 3.97% | 2.64% | 2.40% | 2.57% | 2.56% | 2.94% |
PGSIX Putnam Mortgage Securities Fund | 4.70% | 5.67% | 16.88% | 8.38% | 12.83% | 4.30% | 4.21% | 4.50% | 3.94% | 3.10% | 2.92% | 2.51% |
Frequently Asked Questions
AUGAX and PGSIX have a correlation of 0.83, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
AUGAX has higher volatility (1.70%) compared to PGSIX (1.55%). In terms of maximum drawdown, AUGAX dropped -25.23% vs PGSIX's -22.28%.
PGSIX currently has the higher Sharpe Ratio (1.71 vs 0.80), 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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