PDINX vs. FSCO
PDINX (Putnam Diversified Income Trust) is Nontraditional Bonds fund managed by Putnam, while FSCO (FS Credit Opportunities Corp.) is a stock. Over the past 3 years, PDINX returned 6.27%/yr vs 10.41%/yr for FSCO. At a 0.07 correlation, their price movements are largely independent.
Performance
PDINX vs. FSCO - Performance Comparison
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Returns By Period
In the year-to-date period, PDINX achieves a 1.47% return, which is significantly higher than FSCO's -19.08% return.
PDINX
- 1D
- -0.20%
- 1M
- -0.03%
- 6M
- 1.07%
- YTD
- 1.47%
- 1Y
- 3.78%
- 3Y*
- 6.27%
- 5Y*
- 1.89%
- 10Y*
- 3.02%
FSCO
- 1D
- -1.45%
- 1M
- 0.17%
- 6M
- -20.72%
- YTD
- -19.08%
- 1Y
- -24.85%
- 3Y*
- 10.41%
- 5Y*
- —
- 10Y*
- —
PDINX vs. FSCO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
PDINX Putnam Diversified Income Trust | 1.47% | 7.48% | 5.92% | 4.55% | 0.59% |
FSCO FS Credit Opportunities Corp. | -19.08% | 3.68% | 34.88% | 36.98% | -3.98% |
Correlation
The correlation between PDINX and FSCO is 0.15, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.15 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.08 |
Correlation (All Time) Calculated using the full available price history since Nov 14, 2022 | 0.07 |
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Return for Risk
PDINX vs. FSCO — Risk / Return Rank
PDINX
FSCO
PDINX vs. FSCO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Putnam Diversified Income Trust (PDINX) and FS Credit Opportunities Corp. (FSCO). 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.
| PDINX | FSCO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.19 | ||
| Sortino ratioReturn per unit of downside risk | +3.00 | ||
| Omega ratioGain probability vs. loss probability | 1.26 | 0.85 | +0.41 |
| Calmar ratioReturn relative to maximum drawdown | 1.94 | -0.70 | +2.65 |
| Martin ratioReturn relative to average drawdown | 7.11 | -1.29 | +8.40 |
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Drawdowns
PDINX vs. FSCO - Drawdown Comparison
The maximum PDINX drawdown since its inception was -43.44%, which is greater than FSCO's maximum drawdown of -35.53%. Use the drawdown chart below to compare losses from any high point for PDINX and FSCO.
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Drawdown Indicators
| PDINX | FSCO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -43.44% | -35.53% | -7.91% |
Max Drawdown (1Y)Largest decline over 1 year | -1.96% | -35.53% | +33.57% |
Max Drawdown (3Y)Largest decline over 3 years | -11.25% | -35.53% | +24.28% |
Max Drawdown (5Y)Largest decline over 5 years | -12.05% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -18.27% | — | — |
Current DrawdownCurrent decline from peak | -2.62% | -29.35% | +26.73% |
Average DrawdownAverage peak-to-trough decline | -3.55% | -8.45% | +4.90% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.53% | 19.26% | -18.73% |
Volatility
PDINX vs. FSCO - Volatility Comparison
The current volatility for Putnam Diversified Income Trust (PDINX) is 0.90%, while FS Credit Opportunities Corp. (FSCO) has a volatility of 5.20%. This indicates that PDINX experiences smaller price fluctuations and is considered to be less risky than FSCO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PDINX | FSCO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.90% | 5.20% | -4.30% |
Volatility (6M)Calculated over the trailing 6-month period | 2.34% | 22.64% | -20.30% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.96% | 27.60% | -24.64% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.09% | 28.03% | -19.94% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.65% | 28.03% | -21.38% |
Dividends
PDINX vs. FSCO - Dividend Comparison
PDINX's dividend yield for the trailing twelve months is around 3.94%, less than FSCO's 16.29% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FSCO FS Credit Opportunities Corp. | 16.29% | 12.65% | 10.47% | 11.26% | 1.95% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
PDINX Putnam Diversified Income Trust | 3.94% | 5.17% | 18.88% | 6.35% | 4.59% | 3.71% | 3.75% | 4.17% | 5.35% | 5.61% | 5.35% | 4.89% |
Frequently Asked Questions
PDINX and FSCO have a correlation of 0.15, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FSCO has higher volatility (5.20%) compared to PDINX (0.90%). In terms of maximum drawdown, PDINX dropped -43.44% vs FSCO's -35.53%.
PDINX currently has the higher Sharpe Ratio (1.29 vs -0.90), 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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