PINCX vs. PEIYX
PINCX (Putnam Income Fund) and PEIYX (Putnam Large Cap Value Fund) are both mutual funds - PINCX is a Intermediate Core-Plus Bond fund managed by Putnam, while PEIYX is a Large Cap Value Equities fund managed by Putnam. Over the past 10 years, PINCX returned 2.10%/yr vs 14.37%/yr for PEIYX. At a correlation of -0.06, they often move in opposite directions. PINCX charges 0.73%/yr vs 0.65%/yr for PEIYX.
Performance
PINCX vs. PEIYX - Performance Comparison
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Returns By Period
In the year-to-date period, PINCX achieves a 1.32% return, which is significantly lower than PEIYX's 10.35% return. Over the past 10 years, PINCX has underperformed PEIYX with an annualized return of 2.10%, while PEIYX has yielded a comparatively higher 14.37% annualized return.
PINCX
- 1D
- 0.39%
- 1M
- 0.79%
- YTD
- 1.32%
- 6M
- 1.28%
- 1Y
- 5.03%
- 3Y*
- 5.01%
- 5Y*
- -0.17%
- 10Y*
- 2.10%
PEIYX
- 1D
- -0.12%
- 1M
- 1.62%
- YTD
- 10.35%
- 6M
- 9.10%
- 1Y
- 26.17%
- 3Y*
- 20.32%
- 5Y*
- 13.65%
- 10Y*
- 14.37%
PINCX vs. PEIYX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
PINCX Putnam Income Fund | 1.32% | 7.51% | 2.59% | 4.79% | -12.96% | -5.39% | 7.06% | 11.19% | 0.46% | 5.83% |
PEIYX Putnam Large Cap Value Fund | 10.35% | 19.94% | 19.32% | 15.34% | -2.83% | 27.18% | 6.11% | 29.69% | -8.35% | 18.96% |
Correlation
The correlation between PINCX and PEIYX is 0.29, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.29 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.25 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.16 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.02 |
Correlation (All Time) Calculated using the full available price history since Sep 30, 1998 | -0.06 |
The correlation between PINCX and PEIYX shifts across timeframes, from -0.06 (all time) to 0.29 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
PINCX vs. PEIYX — Risk / Return Rank
PINCX
PEIYX
PINCX vs. PEIYX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Putnam Income Fund (PINCX) and Putnam Large Cap Value Fund (PEIYX). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| PINCX | PEIYX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.90 | ||
| Sortino ratioReturn per unit of downside risk | -1.15 | ||
| Omega ratioGain probability vs. loss probability | 1.28 | 1.42 | -0.14 |
| Calmar ratioReturn relative to maximum drawdown | 2.20 | 3.56 | -1.37 |
| Martin ratioReturn relative to average drawdown | 6.50 | 13.74 | -7.24 |
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Drawdowns
PINCX vs. PEIYX - Drawdown Comparison
The maximum PINCX drawdown since its inception was -30.57%, smaller than the maximum PEIYX drawdown of -51.28%. Use the drawdown chart below to compare losses from any high point for PINCX and PEIYX.
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Drawdown Indicators
| PINCX | PEIYX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -30.57% | -51.28% | +20.71% |
Max Drawdown (1Y)Largest decline over 1 year | -2.40% | -7.18% | +4.78% |
Max Drawdown (3Y)Largest decline over 3 years | -5.73% | -15.36% | +9.63% |
Max Drawdown (5Y)Largest decline over 5 years | -20.78% | -15.36% | -5.42% |
Max Drawdown (10Y)Largest decline over 10 years | -22.16% | -36.05% | +13.89% |
Current DrawdownCurrent decline from peak | -3.57% | -1.46% | -2.11% |
Average DrawdownAverage peak-to-trough decline | -4.33% | -6.31% | +1.98% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.81% | 1.86% | -1.05% |
Volatility
PINCX vs. PEIYX - Volatility Comparison
The current volatility for Putnam Income Fund (PINCX) is 0.94%, while Putnam Large Cap Value Fund (PEIYX) has a volatility of 3.95%. This indicates that PINCX experiences smaller price fluctuations and is considered to be less risky than PEIYX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PINCX | PEIYX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.94% | 3.95% | -3.01% |
Volatility (6M)Calculated over the trailing 6-month period | 2.54% | 8.48% | -5.94% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.64% | 10.93% | -7.29% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.22% | 14.55% | -8.33% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.28% | 16.98% | -11.70% |
PINCX vs. PEIYX - Expense Ratio Comparison
PINCX has a 0.73% expense ratio, which is higher than PEIYX's 0.65% expense ratio.
Dividends
PINCX vs. PEIYX - Dividend Comparison
PINCX's dividend yield for the trailing twelve months is around 4.13%, less than PEIYX's 5.03% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PEIYX Putnam Large Cap Value Fund | 5.03% | 5.29% | 7.06% | 5.17% | 7.31% | 7.32% | 6.20% | 3.59% | 5.96% | 3.44% | 2.51% | 6.14% |
PINCX Putnam Income Fund | 4.13% | 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
PINCX and PEIYX have a correlation of 0.29, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
PEIYX has higher volatility (3.95%) compared to PINCX (0.94%). In terms of maximum drawdown, PINCX dropped -30.57% vs PEIYX's -51.28%.
PEIYX currently has the higher Sharpe Ratio (2.34 vs 1.45), 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.
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