PBXIX vs. PCONX
Compare and contrast key facts about Rational/Pier 88 Convertible Securities Fund (PBXIX) and Putnam Convertible Securities Fund (PCONX).
PBXIX is managed by Rational Funds. It was launched on Dec 5, 2019. PCONX is managed by Putnam. It was launched on Jun 28, 1972.
Performance
PBXIX vs. PCONX - Performance Comparison
Loading graphics...
PBXIX vs. PCONX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
PBXIX Rational/Pier 88 Convertible Securities Fund | -2.92% | 2.12% | 8.23% | 3.28% | -10.82% | 10.23% | 17.09% | 1.70% |
PCONX Putnam Convertible Securities Fund | -0.37% | 11.97% | 12.60% | 10.13% | -19.27% | 4.23% | 44.86% | 1.62% |
Returns By Period
In the year-to-date period, PBXIX achieves a -2.92% return, which is significantly lower than PCONX's -0.37% return.
PBXIX
- 1D
- -0.29%
- 1M
- -4.31%
- YTD
- -2.92%
- 6M
- -2.93%
- 1Y
- 1.01%
- 3Y*
- 3.97%
- 5Y*
- 1.30%
- 10Y*
- —
PCONX
- 1D
- -1.60%
- 1M
- -5.76%
- YTD
- -0.37%
- 6M
- -0.80%
- 1Y
- 15.29%
- 3Y*
- 10.35%
- 5Y*
- 2.88%
- 10Y*
- 9.95%
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
PBXIX vs. PCONX - Expense Ratio Comparison
PBXIX has a 0.99% expense ratio, which is lower than PCONX's 1.03% expense ratio.
Return for Risk
PBXIX vs. PCONX — Risk / Return Rank
PBXIX
PCONX
PBXIX vs. PCONX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Rational/Pier 88 Convertible Securities Fund (PBXIX) and Putnam Convertible Securities Fund (PCONX). 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.
| PBXIX | PCONX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.12 | 1.07 | -0.95 |
Sortino ratioReturn per unit of downside risk | 0.22 | 1.51 | -1.29 |
Omega ratioGain probability vs. loss probability | 1.03 | 1.20 | -0.17 |
Calmar ratioReturn relative to maximum drawdown | 0.09 | 1.85 | -1.76 |
Martin ratioReturn relative to average drawdown | 0.32 | 6.18 | -5.86 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading graphics...
Sharpe Ratios by Period
| PBXIX | PCONX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.12 | 1.07 | -0.95 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.15 | 0.23 | -0.08 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.78 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.37 | 0.65 | -0.28 |
Correlation
The correlation between PBXIX and PCONX is 0.87, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Dividends
PBXIX vs. PCONX - Dividend Comparison
PBXIX's dividend yield for the trailing twelve months is around 6.05%, more than PCONX's 5.41% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PBXIX Rational/Pier 88 Convertible Securities Fund | 6.05% | 3.48% | 2.14% | 2.22% | 2.25% | 7.56% | 1.77% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
PCONX Putnam Convertible Securities Fund | 5.41% | 6.10% | 1.48% | 0.99% | 0.72% | 26.98% | 11.62% | 7.72% | 13.92% | 3.48% | 2.08% | 6.22% |
Drawdowns
PBXIX vs. PCONX - Drawdown Comparison
The maximum PBXIX drawdown since its inception was -24.03%, smaller than the maximum PCONX drawdown of -47.70%. Use the drawdown chart below to compare losses from any high point for PBXIX and PCONX.
Loading graphics...
Drawdown Indicators
| PBXIX | PCONX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -24.03% | -47.70% | +23.67% |
Max Drawdown (1Y)Largest decline over 1 year | -5.74% | -7.49% | +1.75% |
Max Drawdown (5Y)Largest decline over 5 years | -15.57% | -25.48% | +9.91% |
Max Drawdown (10Y)Largest decline over 10 years | — | -26.14% | — |
Current DrawdownCurrent decline from peak | -5.16% | -7.35% | +2.19% |
Average DrawdownAverage peak-to-trough decline | -5.65% | -8.32% | +2.67% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.54% | 2.24% | -0.70% |
Volatility
PBXIX vs. PCONX - Volatility Comparison
The current volatility for Rational/Pier 88 Convertible Securities Fund (PBXIX) is 2.16%, while Putnam Convertible Securities Fund (PCONX) has a volatility of 5.98%. This indicates that PBXIX experiences smaller price fluctuations and is considered to be less risky than PCONX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading graphics...
Volatility by Period
| PBXIX | PCONX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.16% | 5.98% | -3.82% |
Volatility (6M)Calculated over the trailing 6-month period | 4.96% | 11.21% | -6.25% |
Volatility (1Y)Calculated over the trailing 1-year period | 8.50% | 14.43% | -5.93% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.63% | 12.46% | -3.83% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 11.57% | 12.83% | -1.26% |