PGSIX vs. HLIPX
Compare and contrast key facts about Putnam Mortgage Securities Fund (PGSIX) and JPMorgan Core Plus Bond Fund (HLIPX).
PGSIX is managed by Putnam. It was launched on Feb 8, 1984. HLIPX is managed by JPMorgan. It was launched on Mar 5, 1993.
Performance
PGSIX vs. HLIPX - Performance Comparison
Loading graphics...
PGSIX vs. HLIPX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
PGSIX Putnam Mortgage Securities Fund | 1.26% | 9.36% | 3.52% | 3.66% | -10.79% | -4.31% | -0.73% | 12.39% | -0.79% | 0.82% |
HLIPX JPMorgan Core Plus Bond Fund | -0.17% | 7.98% | 2.64% | 6.38% | -12.69% | -0.30% | 7.93% | 8.73% | 0.01% | 4.26% |
Returns By Period
In the year-to-date period, PGSIX achieves a 1.26% return, which is significantly higher than HLIPX's -0.17% return. Over the past 10 years, PGSIX has underperformed HLIPX with an annualized return of 1.39%, while HLIPX has yielded a comparatively higher 2.42% annualized return.
PGSIX
- 1D
- 0.38%
- 1M
- -1.24%
- YTD
- 1.26%
- 6M
- 2.71%
- 1Y
- 6.13%
- 3Y*
- 5.95%
- 5Y*
- -0.05%
- 10Y*
- 1.39%
HLIPX
- 1D
- 0.14%
- 1M
- -1.90%
- YTD
- -0.17%
- 6M
- 0.78%
- 1Y
- 4.49%
- 3Y*
- 4.39%
- 5Y*
- 0.90%
- 10Y*
- 2.42%
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
PGSIX vs. HLIPX - Expense Ratio Comparison
PGSIX has a 0.89% expense ratio, which is higher than HLIPX's 0.46% expense ratio.
Return for Risk
PGSIX vs. HLIPX — Risk / Return Rank
PGSIX
HLIPX
PGSIX vs. HLIPX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Putnam Mortgage Securities Fund (PGSIX) and JPMorgan Core Plus Bond Fund (HLIPX). 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.
| PGSIX | HLIPX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.17 | 1.12 | +0.06 |
Sortino ratioReturn per unit of downside risk | 1.64 | 1.61 | +0.04 |
Omega ratioGain probability vs. loss probability | 1.22 | 1.20 | +0.02 |
Calmar ratioReturn relative to maximum drawdown | 1.84 | 1.66 | +0.18 |
Martin ratioReturn relative to average drawdown | 5.63 | 5.61 | +0.02 |
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
| PGSIX | HLIPX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.17 | 1.12 | +0.06 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.01 | 0.16 | -0.17 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.24 | 0.52 | -0.29 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.84 | 1.10 | -0.27 |
Correlation
The correlation between PGSIX and HLIPX is 0.61, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Dividends
PGSIX vs. HLIPX - Dividend Comparison
PGSIX's dividend yield for the trailing twelve months is around 5.14%, more than HLIPX's 4.55% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PGSIX Putnam Mortgage Securities Fund | 5.14% | 5.67% | 16.88% | 8.38% | 12.83% | 4.30% | 4.21% | 4.50% | 3.94% | 3.10% | 2.92% | 2.51% |
HLIPX JPMorgan Core Plus Bond Fund | 4.55% | 4.86% | 4.88% | 4.02% | 3.36% | 3.25% | 4.36% | 3.23% | 3.08% | 2.83% | 2.77% | 3.25% |
Drawdowns
PGSIX vs. HLIPX - Drawdown Comparison
The maximum PGSIX drawdown since its inception was -22.28%, which is greater than HLIPX's maximum drawdown of -16.91%. Use the drawdown chart below to compare losses from any high point for PGSIX and HLIPX.
Loading graphics...
Drawdown Indicators
| PGSIX | HLIPX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -22.28% | -16.91% | -5.37% |
Max Drawdown (1Y)Largest decline over 1 year | -3.85% | -2.97% | -0.88% |
Max Drawdown (5Y)Largest decline over 5 years | -21.57% | -16.91% | -4.66% |
Max Drawdown (10Y)Largest decline over 10 years | -22.28% | -16.91% | -5.37% |
Current DrawdownCurrent decline from peak | -1.49% | -2.29% | +0.80% |
Average DrawdownAverage peak-to-trough decline | -2.62% | -1.94% | -0.68% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.26% | 0.88% | +0.38% |
Volatility
PGSIX vs. HLIPX - Volatility Comparison
Putnam Mortgage Securities Fund (PGSIX) has a higher volatility of 1.96% compared to JPMorgan Core Plus Bond Fund (HLIPX) at 1.74%. This indicates that PGSIX's price experiences larger fluctuations and is considered to be riskier than HLIPX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading graphics...
Volatility by Period
| PGSIX | HLIPX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.96% | 1.74% | +0.22% |
Volatility (6M)Calculated over the trailing 6-month period | 3.45% | 2.62% | +0.83% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.95% | 4.30% | +1.65% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.96% | 5.66% | +1.30% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.91% | 4.62% | +1.29% |