PDINX vs. TUIFX
PDINX (Putnam Diversified Income Trust) and TUIFX (Toews Unconstrained Income Fund) are both Nontraditional Bonds funds. Over the past 10 years, PDINX returned 3.28%/yr vs 1.87%/yr for TUIFX. At a 0.24 correlation, their price movements are largely independent. PDINX charges 1.01%/yr vs 1.25%/yr for TUIFX.
Performance
PDINX vs. TUIFX - Performance Comparison
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Returns By Period
In the year-to-date period, PDINX achieves a 1.50% return, which is significantly higher than TUIFX's 0.49% return. Over the past 10 years, PDINX has outperformed TUIFX with an annualized return of 3.28%, while TUIFX has yielded a comparatively lower 1.87% annualized return.
PDINX
- 1D
- -0.20%
- 1M
- 0.60%
- YTD
- 1.50%
- 6M
- 0.50%
- 1Y
- 4.45%
- 3Y*
- 6.54%
- 5Y*
- 1.68%
- 10Y*
- 3.28%
TUIFX
- 1D
- -0.11%
- 1M
- 0.23%
- YTD
- 0.49%
- 6M
- 0.60%
- 1Y
- 2.98%
- 3Y*
- 4.11%
- 5Y*
- 1.26%
- 10Y*
- 1.87%
PDINX vs. TUIFX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
PDINX Putnam Diversified Income Trust | 1.50% | 7.48% | 5.92% | 4.55% | -4.00% | -6.94% | -0.25% | 12.27% | -1.38% | 6.53% |
TUIFX Toews Unconstrained Income Fund | 0.49% | 3.55% | 4.53% | 3.08% | -4.36% | -0.20% | 2.58% | 6.97% | -2.82% | 2.10% |
Correlation
The correlation between PDINX and TUIFX is 0.64, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.64 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.60 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.45 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.32 |
Correlation (All Time) Calculated using the full available price history since Jan 2, 2014 | 0.24 |
Over the past year, PDINX and TUIFX have become more correlated (0.64) than their long-term average of 0.24, meaning their price movements have been converging.
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Return for Risk
PDINX vs. TUIFX — Risk / Return Rank
PDINX
TUIFX
PDINX vs. TUIFX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Putnam Diversified Income Trust (PDINX) and Toews Unconstrained Income Fund (TUIFX). 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 | TUIFX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.12 | ||
| Sortino ratioReturn per unit of downside risk | +0.06 | ||
| Omega ratioGain probability vs. loss probability | 1.32 | 1.29 | +0.04 |
| Calmar ratioReturn relative to maximum drawdown | 2.40 | 3.57 | -1.18 |
| Martin ratioReturn relative to average drawdown | 8.85 | 8.04 | +0.81 |
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Drawdowns
PDINX vs. TUIFX - Drawdown Comparison
The maximum PDINX drawdown since its inception was -43.44%, which is greater than TUIFX's maximum drawdown of -7.37%. Use the drawdown chart below to compare losses from any high point for PDINX and TUIFX.
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Drawdown Indicators
| PDINX | TUIFX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -43.44% | -7.37% | -36.07% |
Max Drawdown (1Y)Largest decline over 1 year | -1.96% | -0.87% | -1.09% |
Max Drawdown (3Y)Largest decline over 3 years | -11.25% | -1.64% | -9.61% |
Max Drawdown (5Y)Largest decline over 5 years | -13.26% | -7.37% | -5.89% |
Max Drawdown (10Y)Largest decline over 10 years | -18.27% | -7.37% | -10.90% |
Current DrawdownCurrent decline from peak | -2.59% | -0.37% | -2.22% |
Average DrawdownAverage peak-to-trough decline | -3.55% | -2.06% | -1.49% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.53% | 0.39% | +0.14% |
Volatility
PDINX vs. TUIFX - Volatility Comparison
Putnam Diversified Income Trust (PDINX) has a higher volatility of 0.94% compared to Toews Unconstrained Income Fund (TUIFX) at 0.74%. This indicates that PDINX's price experiences larger fluctuations and is considered to be riskier than TUIFX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PDINX | TUIFX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.94% | 0.74% | +0.20% |
Volatility (6M)Calculated over the trailing 6-month period | 2.39% | 1.42% | +0.97% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.97% | 2.13% | +0.84% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.09% | 2.63% | +5.46% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.68% | 2.69% | +3.99% |
PDINX vs. TUIFX - Expense Ratio Comparison
PDINX has a 1.01% expense ratio, which is lower than TUIFX's 1.25% expense ratio.
Dividends
PDINX vs. TUIFX - Dividend Comparison
PDINX's dividend yield for the trailing twelve months is around 3.97%, which matches TUIFX's 3.97% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PDINX Putnam Diversified Income Trust | 3.97% | 5.17% | 18.88% | 6.35% | 4.59% | 3.71% | 3.75% | 4.17% | 5.35% | 5.61% | 5.35% | 4.89% |
TUIFX Toews Unconstrained Income Fund | 3.97% | 4.17% | 4.68% | 4.09% | 1.05% | 2.13% | 1.33% | 2.44% | 2.05% | 4.34% | 2.29% | 1.19% |
Frequently Asked Questions
PDINX and TUIFX have a correlation of 0.64, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
PDINX has higher volatility (0.94%) compared to TUIFX (0.74%). In terms of maximum drawdown, PDINX dropped -43.44% vs TUIFX's -7.37%.
PDINX currently has the higher Sharpe Ratio (1.58 vs 1.46), 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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