MCFIX vs. PINCX
MCFIX (Mercer Core Fixed Income Fund) and PINCX (Putnam Income Fund) are both Intermediate Core-Plus Bond funds. Over the past 5 years, MCFIX returned -0.77%/yr vs -0.60%/yr for PINCX. Their correlation of 0.85 means they have usually moved in the same direction. MCFIX charges 0.16%/yr vs 0.73%/yr for PINCX.
Performance
MCFIX vs. PINCX - Performance Comparison
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Returns By Period
In the year-to-date period, MCFIX achieves a -2.67% return, which is significantly lower than PINCX's -0.11% return.
MCFIX
- 1D
- -0.23%
- 1M
- -1.47%
- 6M
- -2.34%
- YTD
- -2.67%
- 1Y
- -0.19%
- 3Y*
- 3.37%
- 5Y*
- -0.77%
- 10Y*
- —
- ALL TIME*
- 0.56%
PINCX
- 1D
- -0.20%
- 1M
- -1.20%
- 6M
- -0.29%
- YTD
- -0.11%
- 1Y
- 2.54%
- 3Y*
- 4.70%
- 5Y*
- -0.60%
- 10Y*
- 1.76%
- ALL TIME*
- 3.95%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
PINCX Putnam Income Fund | $0.00 | $0.00 | $0.00 |
MCFIX vs. PINCX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
MCFIX Mercer Core Fixed Income Fund | -2.67% | 6.64% | 2.02% | 6.47% | -13.69% | -1.05% | 4.75% | 3.31% |
PINCX Putnam Income Fund | -0.11% | 7.51% | 2.59% | 4.79% | -12.96% | -5.39% | 7.06% | 7.34% |
Correlation
The correlation between MCFIX and PINCX is 0.79, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.79 |
Correlation (3Y) Balances recent behavior with more history. | 0.86 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.89 |
Correlation (All Time) Calculated using the full available price history since Apr 12, 2019 | 0.85 |
The correlation between MCFIX and PINCX shifts across timeframes, from 0.79 (1 year) to 0.89 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
MCFIX vs. PINCX — Risk / Return Rank
MCFIX
PINCX
MCFIX vs. PINCX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Mercer Core Fixed Income Fund (MCFIX) and Putnam Income Fund (PINCX). 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.
| MCFIX | PINCX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.01 | ||
| Sortino ratioReturn per unit of downside risk | -1.45 | ||
| Omega ratioGain probability vs. loss probability | 0.99 | 1.18 | -0.19 |
| Calmar ratioReturn relative to maximum drawdown | -0.05 | 1.40 | -1.45 |
| Martin ratioReturn relative to average drawdown | -0.12 | 3.80 | -3.92 |
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Drawdowns
MCFIX vs. PINCX - Drawdown Comparison
The maximum MCFIX drawdown since its inception was -21.68%, smaller than the maximum PINCX drawdown of -30.57%. Use the drawdown chart below to compare losses from any high point for MCFIX and PINCX.
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Drawdown Indicators
| MCFIX | PINCX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -21.68% | -30.57% | +8.89% |
Max Drawdown (1Y)Largest decline over 1 year | -4.08% | -2.40% | -1.68% |
Max Drawdown (3Y)Largest decline over 3 years | -5.27% | -5.08% | -0.19% |
Max Drawdown (5Y)Largest decline over 5 years | -18.64% | -20.67% | +2.03% |
Max Drawdown (10Y)Largest decline over 10 years | — | -22.16% | — |
Current DrawdownCurrent decline from peak | -7.57% | -4.93% | -2.64% |
Average DrawdownAverage peak-to-trough decline | -8.49% | -4.33% | -4.16% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.74% | 0.88% | +0.86% |
Volatility
MCFIX vs. PINCX - Volatility Comparison
Mercer Core Fixed Income Fund (MCFIX) has a higher volatility of 1.04% compared to Putnam Income Fund (PINCX) at 0.82%. This indicates that MCFIX's price experiences larger fluctuations and is considered to be riskier than PINCX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MCFIX | PINCX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.04% | 0.82% | +0.22% |
Volatility (6M)Calculated over the trailing 6-month period | 2.94% | 2.60% | +0.34% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.01% | 3.53% | +0.48% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.05% | 6.21% | -0.16% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.07% | 5.28% | +0.79% |
MCFIX vs. PINCX - Expense Ratio Comparison
MCFIX has a 0.16% expense ratio, which is lower than PINCX's 0.73% expense ratio.
Dividends
MCFIX vs. PINCX - Dividend Comparison
MCFIX's dividend yield for the trailing twelve months is around 4.38%, less than PINCX's 4.59% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MCFIX Mercer Core Fixed Income Fund | 4.38% | 3.89% | 4.54% | 3.68% | 3.31% | 2.45% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
PINCX Putnam Income Fund | 4.59% | 4.63% | 8.70% | 7.35% | 7.70% | 2.15% | 5.46% | 4.65% | 3.57% | 3.46% | 3.21% | 3.03% |
Frequently Asked Questions
MCFIX and PINCX have a correlation of 0.79, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
MCFIX has higher volatility (1.04%) compared to PINCX (0.82%). In terms of maximum drawdown, MCFIX dropped -21.68% vs PINCX's -30.57%.
PINCX currently has the higher Sharpe Ratio (0.95 vs -0.05), 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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