PGSIX vs. PINCX
Compare and contrast key facts about Putnam Mortgage Securities Fund (PGSIX) and Putnam Income Fund (PINCX).
PGSIX is managed by Putnam. It was launched on Feb 8, 1984. PINCX is managed by Putnam. It was launched on Nov 1, 1954.
Performance
PGSIX vs. PINCX - Performance Comparison
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PGSIX vs. PINCX - 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% |
PINCX Putnam Income Fund | 0.01% | 7.51% | 2.59% | 4.79% | -12.96% | -5.39% | 7.06% | 11.19% | 0.46% | 5.83% |
Returns By Period
In the year-to-date period, PGSIX achieves a 1.26% return, which is significantly higher than PINCX's 0.01% return. Over the past 10 years, PGSIX has underperformed PINCX with an annualized return of 1.39%, while PINCX has yielded a comparatively higher 2.13% 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%
PINCX
- 1D
- 0.20%
- 1M
- -1.39%
- YTD
- 0.01%
- 6M
- 1.08%
- 1Y
- 4.37%
- 3Y*
- 4.31%
- 5Y*
- -0.56%
- 10Y*
- 2.13%
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PGSIX vs. PINCX - Expense Ratio Comparison
PGSIX has a 0.89% expense ratio, which is higher than PINCX's 0.73% expense ratio.
Return for Risk
PGSIX vs. PINCX — Risk / Return Rank
PGSIX
PINCX
PGSIX vs. PINCX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Putnam Mortgage Securities Fund (PGSIX) and Putnam Income Fund (PINCX). 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 | PINCX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.17 | 1.14 | +0.03 |
Sortino ratioReturn per unit of downside risk | 1.64 | 1.63 | +0.02 |
Omega ratioGain probability vs. loss probability | 1.22 | 1.22 | 0.00 |
Calmar ratioReturn relative to maximum drawdown | 1.84 | 1.74 | +0.10 |
Martin ratioReturn relative to average drawdown | 5.63 | 5.58 | +0.06 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| PGSIX | PINCX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.17 | 1.14 | +0.03 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.01 | -0.09 | +0.08 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.24 | 0.41 | -0.17 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.84 | 0.76 | +0.08 |
Correlation
The correlation between PGSIX and PINCX is 0.74, 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
PGSIX vs. PINCX - Dividend Comparison
PGSIX's dividend yield for the trailing twelve months is around 5.14%, more than PINCX's 4.50% 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% |
PINCX Putnam Income Fund | 4.50% | 4.63% | 8.70% | 7.35% | 7.70% | 2.15% | 5.46% | 4.65% | 3.57% | 3.46% | 3.21% | 3.03% |
Drawdowns
PGSIX vs. PINCX - Drawdown Comparison
The maximum PGSIX drawdown since its inception was -22.28%, smaller than the maximum PINCX drawdown of -30.57%. Use the drawdown chart below to compare losses from any high point for PGSIX and PINCX.
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Drawdown Indicators
| PGSIX | PINCX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -22.28% | -30.57% | +8.29% |
Max Drawdown (1Y)Largest decline over 1 year | -3.85% | -2.75% | -1.10% |
Max Drawdown (5Y)Largest decline over 5 years | -21.57% | -20.78% | -0.79% |
Max Drawdown (10Y)Largest decline over 10 years | -22.28% | -22.16% | -0.12% |
Current DrawdownCurrent decline from peak | -1.49% | -4.82% | +3.33% |
Average DrawdownAverage peak-to-trough decline | -2.62% | -4.33% | +1.71% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.26% | 0.86% | +0.40% |
Volatility
PGSIX vs. PINCX - Volatility Comparison
Putnam Mortgage Securities Fund (PGSIX) has a higher volatility of 1.96% compared to Putnam Income Fund (PINCX) at 1.45%. This indicates that PGSIX's price experiences larger fluctuations and is considered to be riskier than PINCX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PGSIX | PINCX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.96% | 1.45% | +0.51% |
Volatility (6M)Calculated over the trailing 6-month period | 3.45% | 2.41% | +1.04% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.95% | 4.22% | +1.73% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.96% | 6.18% | +0.78% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.91% | 5.26% | +0.65% |