PINCX vs. ARINX

Last updated Jun 4, 2026

PINCX (Putnam Income Fund) and ARINX (Archer Income Fund) are both Intermediate Core-Plus Bond funds. Over the past 10 years, PINCX returned 2.05%/yr vs 2.21%/yr for ARINX. A 0.59 correlation means they provide meaningful diversification when combined. PINCX charges 0.73%/yr vs 0.98%/yr for ARINX.

Performance

PINCX vs. ARINX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Putnam Income Fund (PINCX) and Archer Income Fund (ARINX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, PINCX achieves a 0.92% return, which is significantly higher than ARINX's 0.64% return. Over the past 10 years, PINCX has underperformed ARINX with an annualized return of 2.05%, while ARINX has yielded a comparatively higher 2.21% annualized return.

PINCX

• 1D: 0.20%
• 1M: 0.56%
• YTD: 0.92%
• 6M: 0.88%
• 1Y: 6.09%
• 3Y*: 4.87%
• 5Y*: -0.30%
• 10Y*: 2.05%

ARINX

• 1D: 0.06%
• 1M: 0.35%
• YTD: 0.64%
• 6M: 0.64%
• 1Y: 4.02%
• 3Y*: 4.75%
• 5Y*: 1.37%
• 10Y*: 2.21%

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

PINCX vs. ARINX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
PINCX Putnam Income Fund	0.92%	7.51%	2.59%	4.79%	-12.96%	-5.39%	7.06%	11.19%	0.46%	5.83%
ARINX Archer Income Fund	0.64%	4.42%	4.90%	3.99%	-6.84%	1.52%	4.29%	6.19%	0.35%	3.18%

Correlation

The correlation between PINCX and ARINX is 0.84, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.84
Correlation (3Y) Calculated over the trailing 3-year period	0.83
Correlation (5Y) Calculated over the trailing 5-year period	0.76
Correlation (10Y) Calculated over the trailing 10-year period	0.70
Correlation (All Time) Calculated using the full available price history since Mar 10, 2011	0.59

Over the past year, PINCX and ARINX have become more correlated (0.84) than their long-term average of 0.59, meaning their price movements have been converging.

Return for Risk

PINCX vs. ARINX — Risk / Return Rank

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

PINCX

PINCX Risk / Return Rank: 36
PINCX Sharpe Ratio Rank: 32
PINCX Sortino Ratio Rank: 34
PINCX Omega Ratio Rank: 36
PINCX Calmar Ratio Rank: 44
PINCX Martin Ratio Rank: 36

ARINX

ARINX Risk / Return Rank: 58
ARINX Sharpe Ratio Rank: 61
ARINX Sortino Ratio Rank: 69
ARINX Omega Ratio Rank: 72
ARINX Calmar Ratio Rank: 47
ARINX Martin Ratio Rank: 43

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.

PINCX vs. ARINX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Putnam Income Fund (PINCX) and Archer Income Fund (ARINX). 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.

	PINCX	ARINX	Difference
Sharpe ratio: Return per unit of total volatility	1.64	2.29	-0.65
Sortino ratio: Return per unit of downside risk	2.43	3.46	-1.03
Omega ratio: Gain probability vs. loss probability	1.32	1.48	-0.16
Calmar ratio: Return relative to maximum drawdown	2.55	2.61	-0.06
Martin ratio: Return relative to average drawdown	7.87	9.10	-1.23
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

PINCX vs. ARINX - Sharpe Ratio Comparison

The current PINCX Sharpe Ratio is 1.64, which is comparable to the ARINX Sharpe Ratio of 2.29. The chart below compares the historical Sharpe Ratios of PINCX and ARINX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	PINCX	ARINX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.64	2.29	-0.65
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.05	0.67	-0.72
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.39	1.13	-0.74
Sharpe Ratio (All Time) Calculated using the full available price history	0.76	0.54	+0.23

Drawdowns

PINCX vs. ARINX - Drawdown Comparison

The maximum PINCX drawdown since its inception was -30.57%, which is greater than ARINX's maximum drawdown of -9.38%. Use the drawdown chart below to compare losses from any high point for PINCX and ARINX.

Drawdown Indicators

	PINCX	ARINX	Difference
Max Drawdown Largest peak-to-trough decline	-30.57%	-9.38%	-21.19%
Max Drawdown (1Y) Largest decline over 1 year	-2.40%	-1.57%	-0.83%
Max Drawdown (3Y) Largest decline over 3 years	-5.73%	-1.57%	-4.16%
Max Drawdown (5Y) Largest decline over 5 years	-20.78%	-9.38%	-11.40%
Max Drawdown (10Y) Largest decline over 10 years	-22.16%	-9.38%	-12.78%
Current Drawdown Current decline from peak	-3.95%	-0.57%	-3.38%
Average Drawdown Average peak-to-trough decline	-4.33%	-1.73%	-2.60%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.78%	0.45%	+0.33%

Volatility

PINCX vs. ARINX - Volatility Comparison

Putnam Income Fund (PINCX) has a higher volatility of 1.38% compared to Archer Income Fund (ARINX) at 0.80%. This indicates that PINCX's price experiences larger fluctuations and is considered to be riskier than ARINX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	PINCX	ARINX	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.38%	0.80%	+0.58%
Volatility (6M) Calculated over the trailing 6-month period	2.53%	1.46%	+1.07%
Volatility (1Y) Calculated over the trailing 1-year period	3.73%	1.79%	+1.94%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	6.21%	2.06%	+4.15%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	5.28%	1.97%	+3.31%

PINCX vs. ARINX - Expense Ratio Comparison

PINCX has a 0.73% expense ratio, which is lower than ARINX's 0.98% expense ratio.

Dividends

PINCX vs. ARINX - Dividend Comparison

PINCX's dividend yield for the trailing twelve months is around 4.55%, more than ARINX's 3.58% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
ARINX Archer Income Fund	3.58%	2.72%	3.77%	3.15%	2.72%	2.56%	2.66%	2.69%	2.84%	2.94%	2.84%	2.79%
PINCX Putnam Income Fund	4.55%	4.63%	8.70%	7.35%	7.70%	2.15%	5.46%	4.65%	3.57%	3.46%	3.21%	3.03%

Frequently Asked Questions

Can I hold both PINCX and ARINX in my portfolio?

PINCX and ARINX have a correlation of 0.84, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, PINCX or ARINX?

PINCX has higher volatility (1.38%) compared to ARINX (0.80%). In terms of maximum drawdown, PINCX dropped -30.57% vs ARINX's -9.38%.

Which has better risk-adjusted returns?

ARINX currently has the higher Sharpe Ratio (2.29 vs 1.64), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.