PIM vs. PIMIX

Last updated Feb 7, 2026

Compare and contrast key facts about Putnam Master Intermediate Income Trust (PIM) and PIMCO Income Fund Institutional Class (PIMIX).

PIMIX is managed by PIMCO. It was launched on Mar 30, 2007.

Performance

PIM vs. PIMIX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Putnam Master Intermediate Income Trust (PIM) and PIMCO Income Fund Institutional Class (PIMIX). The values are adjusted to include any dividend payments, if applicable.

PIM vs. PIMIX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
PIM Putnam Master Intermediate Income Trust	-0.24%	10.91%	10.88%	8.45%	-12.49%	-0.44%	-2.97%	20.68%	-5.10%	10.52%
PIMIX PIMCO Income Fund Institutional Class	-1.36%	11.08%	5.45%	9.36%	-9.07%	2.62%	5.84%	8.10%	0.63%	8.63%

Returns By Period

PIM

• 1D: —
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

PIMIX

• 1D: 0.47%
• 1M: -3.24%
• YTD: -1.36%
• 6M: 1.15%
• 1Y: 6.07%
• 3Y*: 7.20%
• 5Y*: 3.38%
• 10Y*: 4.66%

*Multi-year figures are annualized to reflect compound growth (CAGR)

PIM vs. PIMIX - Expense Ratio Comparison

PIMIX

PIMCO Income Fund Institutional Class

Return for Risk

PIM vs. PIMIX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

PIM

PIM Risk / Return Rank: 43
PIM Sharpe Ratio Rank: 34
PIM Sortino Ratio Rank: 36
PIM Omega Ratio Rank: 27
PIM Calmar Ratio Rank: 71
PIM Martin Ratio Rank: 48

PIMIX

PIMIX Risk / Return Rank: 81
PIMIX Sharpe Ratio Rank: 83
PIMIX Sortino Ratio Rank: 86
PIMIX Omega Ratio Rank: 78
PIMIX Calmar Ratio Rank: 80
PIMIX Martin Ratio Rank: 78

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

PIM vs. PIMIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Putnam Master Intermediate Income Trust (PIM) and PIMCO Income Fund Institutional Class (PIMIX). 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.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Sharpe Ratios by Period

	PIM	PIMIX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	1.56	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.72	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	1.11	—
Sharpe Ratio (All Time) Calculated using the full available price history	—	1.56	—

Correlation

The correlation between PIM and PIMIX is 0.18, 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

PIM vs. PIMIX - Dividend Comparison

PIM's dividend yield for the trailing twelve months is around 7.98%, more than PIMIX's 5.57% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
PIM Putnam Master Intermediate Income Trust	6.65%	7.90%	8.10%	8.28%	8.25%	6.68%	8.32%	7.59%	6.82%	6.54%	6.77%	6.86%
PIMIX PIMCO Income Fund Institutional Class	5.57%	6.01%	6.27%	6.21%	4.98%	4.02%	4.88%	5.83%	5.66%	5.37%	5.52%	7.88%

Drawdowns

Drawdown Indicators

	PIM	PIMIX	Difference
Max Drawdown Largest peak-to-trough decline	-43.27%	-13.39%	-29.88%
Max Drawdown (1Y) Largest decline over 1 year	-6.45%	-3.69%	-2.76%
Max Drawdown (5Y) Largest decline over 5 years	-20.25%	-13.34%	-6.91%
Max Drawdown (10Y) Largest decline over 10 years	-28.15%	-13.39%	-14.76%
Current Drawdown Current decline from peak	-2.28%	-3.24%	+0.96%
Average Drawdown Average peak-to-trough decline	-9.58%	-1.69%	-7.89%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.08%	0.92%	+1.16%

Volatility

Volatility by Period

	PIM	PIMIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	1.88%	—
Volatility (6M) Calculated over the trailing 6-month period	—	2.64%	—
Volatility (1Y) Calculated over the trailing 1-year period	—	4.28%	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	—	4.75%	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	—	4.20%	—