Correlation
The correlation between PDINX and RMUNX is 0.00, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
PDINX vs. RMUNX
Compare and contrast key facts about Putnam Diversified Income Trust (PDINX) and Invesco Rochester New York Municipals Fund (RMUNX).
PDINX is managed by Putnam. It was launched on Oct 2, 1988. RMUNX is managed by Invesco. It was launched on May 14, 1986.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: PDINX or RMUNX.
Performance
PDINX vs. RMUNX - Performance Comparison
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Key characteristics
PDINX:
2.67
RMUNX:
-0.15
PDINX:
4.10
RMUNX:
-0.24
PDINX:
1.57
RMUNX:
0.96
PDINX:
1.22
RMUNX:
-0.16
PDINX:
12.95
RMUNX:
-0.62
PDINX:
0.72%
RMUNX:
3.17%
PDINX:
3.50%
RMUNX:
8.81%
PDINX:
-43.40%
RMUNX:
-36.54%
PDINX:
0.00%
RMUNX:
-9.26%
Returns By Period
In the year-to-date period, PDINX achieves a 3.82% return, which is significantly higher than RMUNX's -4.80% return. Over the past 10 years, PDINX has underperformed RMUNX with an annualized return of 2.09%, while RMUNX has yielded a comparatively higher 3.21% annualized return.
PDINX
3.82%
0.63%
3.03%
9.28%
4.20%
2.74%
2.09%
RMUNX
-4.80%
-1.94%
-6.81%
-1.31%
0.41%
0.88%
3.21%
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PDINX vs. RMUNX - Expense Ratio Comparison
PDINX has a 1.01% expense ratio, which is higher than RMUNX's 0.78% expense ratio.
Risk-Adjusted Performance
PDINX vs. RMUNX — Risk-Adjusted Performance Rank
PDINX
RMUNX
PDINX vs. RMUNX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Putnam Diversified Income Trust (PDINX) and Invesco Rochester New York Municipals Fund (RMUNX). 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.
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Dividends
PDINX vs. RMUNX - Dividend Comparison
PDINX's dividend yield for the trailing twelve months is around 18.11%, more than RMUNX's 4.46% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PDINX Putnam Diversified Income Trust | 18.11% | 18.88% | 6.35% | 5.34% | 3.71% | 3.75% | 4.17% | 5.35% | 5.61% | 5.35% | 4.89% | 5.11% |
RMUNX Invesco Rochester New York Municipals Fund | 4.46% | 4.11% | 3.78% | 3.64% | 3.25% | 3.29% | 3.23% | 3.40% | 4.78% | 6.01% | 6.56% | 11.00% |
Drawdowns
PDINX vs. RMUNX - Drawdown Comparison
The maximum PDINX drawdown since its inception was -43.40%, which is greater than RMUNX's maximum drawdown of -36.54%. Use the drawdown chart below to compare losses from any high point for PDINX and RMUNX.
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Volatility
PDINX vs. RMUNX - Volatility Comparison
The current volatility for Putnam Diversified Income Trust (PDINX) is 0.85%, while Invesco Rochester New York Municipals Fund (RMUNX) has a volatility of 1.21%. This indicates that PDINX experiences smaller price fluctuations and is considered to be less risky than RMUNX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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