PIM vs. RCS
PIM (Putnam Master Intermediate Income Trust) and RCS (PIMCO Strategic Income Fund) are both Intermediate Core-Plus Bond funds. Over the past 10 years, PIM returned 4.81%/yr vs 3.60%/yr for RCS. At 0.15, their price movements are largely independent.
Performance
PIM vs. RCS - Performance Comparison
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Returns By Period
In the year-to-date period, PIM achieves a 0.06% return, which is significantly higher than RCS's -3.80% return. Over the past 10 years, PIM has outperformed RCS with an annualized return of 4.81%, while RCS has yielded a comparatively lower 3.60% annualized return.
PIM
- 1D
- 0.46%
- 1M
- 3.70%
- YTD
- 0.06%
- 6M
- 0.55%
- 1Y
- 10.81%
- 3Y*
- 10.15%
- 5Y*
- 2.78%
- 10Y*
- 4.81%
RCS
- 1D
- 0.57%
- 1M
- -4.55%
- YTD
- -3.80%
- 6M
- -27.93%
- 1Y
- 1.97%
- 3Y*
- 7.95%
- 5Y*
- 2.04%
- 10Y*
- 3.60%
PIM vs. RCS - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
PIM Putnam Master Intermediate Income Trust | 0.06% | 10.91% | 10.88% | 8.45% | -12.49% | -0.44% | -2.97% | 20.68% | -5.10% | 10.52% |
RCS PIMCO Strategic Income Fund | -3.80% | -21.48% | 37.47% | 37.60% | -18.72% | 6.33% | -16.19% | 1.62% | 15.51% | 14.39% |
Correlation
The correlation between PIM and RCS is 0.21, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.21 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.20 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.22 |
Correlation (All Time) Calculated using the full available price history since Oct 28, 1994 | 0.15 |
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Return for Risk
PIM vs. RCS — Risk / Return Rank
PIM
RCS
PIM vs. RCS - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Putnam Master Intermediate Income Trust (PIM) and PIMCO Strategic Income Fund (RCS). 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.
| PIM | RCS | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.91 | -0.08 | +0.99 |
Sortino ratioReturn per unit of downside risk | 1.53 | 0.06 | +1.47 |
Omega ratioGain probability vs. loss probability | 1.17 | 1.01 | +0.16 |
Calmar ratioReturn relative to maximum drawdown | 1.62 | -0.06 | +1.69 |
Martin ratioReturn relative to average drawdown | 4.29 | -0.14 | +4.43 |
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
| PIM | RCS | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.91 | -0.08 | +0.99 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.26 | 0.08 | +0.18 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.37 | 0.14 | +0.23 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.17 | 0.27 | -0.10 |
Drawdowns
PIM vs. RCS - Drawdown Comparison
The maximum PIM drawdown since its inception was -43.27%, smaller than the maximum RCS drawdown of -46.69%. Use the drawdown chart below to compare losses from any high point for PIM and RCS.
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Drawdown Indicators
| PIM | RCS | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -43.27% | -46.69% | +3.42% |
Max Drawdown (1Y)Largest decline over 1 year | -6.45% | -32.94% | +26.49% |
Max Drawdown (5Y)Largest decline over 5 years | -18.39% | -36.18% | +17.79% |
Max Drawdown (10Y)Largest decline over 10 years | -28.15% | -46.69% | +18.54% |
Current DrawdownCurrent decline from peak | -1.99% | -31.38% | +29.39% |
Average DrawdownAverage peak-to-trough decline | -9.55% | -9.30% | -0.25% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.44% | 15.05% | -12.61% |
Volatility
PIM vs. RCS - Volatility Comparison
The current volatility for Putnam Master Intermediate Income Trust (PIM) is 4.77%, while PIMCO Strategic Income Fund (RCS) has a volatility of 10.47%. This indicates that PIM experiences smaller price fluctuations and is considered to be less risky than RCS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PIM | RCS | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.77% | 10.47% | -5.70% |
Volatility (6M)Calculated over the trailing 6-month period | 8.80% | 20.71% | -11.91% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.07% | 24.36% | -13.29% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 10.63% | 25.06% | -14.43% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 13.07% | 25.77% | -12.70% |
Dividends
PIM vs. RCS - Dividend Comparison
PIM's dividend yield for the trailing twelve months is around 8.06%, less than RCS's 9.14% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PIM Putnam Master Intermediate Income Trust | 8.06% | 7.90% | 8.10% | 8.28% | 8.25% | 6.68% | 8.32% | 7.59% | 6.82% | 6.54% | 6.77% | 6.86% |
RCS PIMCO Strategic Income Fund | 8.38% | 8.62% | 8.03% | 10.07% | 12.39% | 9.01% | 9.57% | 8.44% | 8.93% | 9.50% | 10.92% | 11.17% |