PGSIX vs. PSDYX
Compare and contrast key facts about Putnam Mortgage Securities Fund (PGSIX) and Putnam Ultra Short Duration Income Fund (PSDYX).
PGSIX is managed by Putnam. It was launched on Feb 8, 1984. PSDYX is managed by Putnam. It was launched on Oct 17, 2011.
Performance
PGSIX vs. PSDYX - Performance Comparison
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PGSIX vs. PSDYX - 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% |
PSDYX Putnam Ultra Short Duration Income Fund | 0.38% | 4.99% | 5.25% | 4.78% | 0.61% | 0.07% | 1.50% | 2.86% | 1.95% | 1.40% |
Returns By Period
In the year-to-date period, PGSIX achieves a 1.26% return, which is significantly higher than PSDYX's 0.38% return. Over the past 10 years, PGSIX has underperformed PSDYX with an annualized return of 1.39%, while PSDYX has yielded a comparatively higher 2.45% 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%
PSDYX
- 1D
- 0.00%
- 1M
- -0.30%
- YTD
- 0.38%
- 6M
- 1.42%
- 1Y
- 4.05%
- 3Y*
- 4.71%
- 5Y*
- 3.19%
- 10Y*
- 2.45%
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PGSIX vs. PSDYX - Expense Ratio Comparison
PGSIX has a 0.89% expense ratio, which is higher than PSDYX's 0.30% expense ratio.
Return for Risk
PGSIX vs. PSDYX — Risk / Return Rank
PGSIX
PSDYX
PGSIX vs. PSDYX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Putnam Mortgage Securities Fund (PGSIX) and Putnam Ultra Short Duration Income Fund (PSDYX). 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 | PSDYX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.17 | 2.88 | -1.71 |
Sortino ratioReturn per unit of downside risk | 1.64 | 8.25 | -6.61 |
Omega ratioGain probability vs. loss probability | 1.22 | 2.68 | -1.46 |
Calmar ratioReturn relative to maximum drawdown | 1.84 | 9.02 | -7.18 |
Martin ratioReturn relative to average drawdown | 5.63 | 35.56 | -29.93 |
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 | PSDYX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.17 | 2.88 | -1.71 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.01 | 2.52 | -2.53 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.24 | 2.37 | -2.13 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.84 | 2.15 | -1.32 |
Correlation
The correlation between PGSIX and PSDYX is 0.19, 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.
Dividends
PGSIX vs. PSDYX - Dividend Comparison
PGSIX's dividend yield for the trailing twelve months is around 5.14%, more than PSDYX's 4.17% 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% |
PSDYX Putnam Ultra Short Duration Income Fund | 4.17% | 4.65% | 4.81% | 3.65% | 1.30% | 0.37% | 1.09% | 2.51% | 2.23% | 1.29% | 0.88% | 0.57% |
Drawdowns
PGSIX vs. PSDYX - Drawdown Comparison
The maximum PGSIX drawdown since its inception was -22.28%, which is greater than PSDYX's maximum drawdown of -2.58%. Use the drawdown chart below to compare losses from any high point for PGSIX and PSDYX.
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Drawdown Indicators
| PGSIX | PSDYX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -22.28% | -2.58% | -19.70% |
Max Drawdown (1Y)Largest decline over 1 year | -3.85% | -0.49% | -3.36% |
Max Drawdown (5Y)Largest decline over 5 years | -21.57% | -0.80% | -20.77% |
Max Drawdown (10Y)Largest decline over 10 years | -22.28% | -2.58% | -19.70% |
Current DrawdownCurrent decline from peak | -1.49% | -0.39% | -1.10% |
Average DrawdownAverage peak-to-trough decline | -2.62% | -0.07% | -2.55% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.26% | 0.12% | +1.14% |
Volatility
PGSIX vs. PSDYX - Volatility Comparison
Putnam Mortgage Securities Fund (PGSIX) has a higher volatility of 1.96% compared to Putnam Ultra Short Duration Income Fund (PSDYX) at 0.22%. This indicates that PGSIX's price experiences larger fluctuations and is considered to be riskier than PSDYX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PGSIX | PSDYX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.96% | 0.22% | +1.74% |
Volatility (6M)Calculated over the trailing 6-month period | 3.45% | 0.97% | +2.48% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.95% | 1.45% | +4.50% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.96% | 1.27% | +5.69% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.91% | 1.04% | +4.87% |