PNRAX vs. PINCX
Compare and contrast key facts about Putnam Research Fund (PNRAX) and Putnam Income Fund (PINCX).
PNRAX is managed by Putnam. It was launched on Oct 2, 1995. PINCX is managed by Putnam. It was launched on Nov 1, 1954.
Performance
PNRAX vs. PINCX - Performance Comparison
Loading graphics...
PNRAX vs. PINCX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
PNRAX Putnam Research Fund | -3.29% | 18.11% | 26.21% | 28.83% | -17.45% | 24.32% | 20.01% | 32.83% | -4.81% | 23.19% |
PINCX Putnam Income Fund | 0.01% | 7.51% | 2.59% | 4.79% | -12.96% | -5.39% | 7.06% | 11.19% | 0.46% | 5.83% |
Returns By Period
In the year-to-date period, PNRAX achieves a -3.29% return, which is significantly lower than PINCX's 0.01% return. Over the past 10 years, PNRAX has outperformed PINCX with an annualized return of 14.63%, while PINCX has yielded a comparatively lower 2.13% annualized return.
PNRAX
- 1D
- 3.01%
- 1M
- -4.49%
- YTD
- -3.29%
- 6M
- -0.60%
- 1Y
- 20.82%
- 3Y*
- 20.08%
- 5Y*
- 12.29%
- 10Y*
- 14.63%
PINCX
- 1D
- 0.20%
- 1M
- -1.39%
- YTD
- 0.01%
- 6M
- 1.08%
- 1Y
- 4.37%
- 3Y*
- 4.31%
- 5Y*
- -0.56%
- 10Y*
- 2.13%
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
PNRAX vs. PINCX - Expense Ratio Comparison
PNRAX has a 1.03% expense ratio, which is higher than PINCX's 0.73% expense ratio.
Return for Risk
PNRAX vs. PINCX — Risk / Return Rank
PNRAX
PINCX
PNRAX vs. PINCX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Putnam Research Fund (PNRAX) and Putnam Income Fund (PINCX). 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.
| PNRAX | PINCX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.15 | 1.14 | +0.01 |
Sortino ratioReturn per unit of downside risk | 1.71 | 1.63 | +0.09 |
Omega ratioGain probability vs. loss probability | 1.27 | 1.22 | +0.05 |
Calmar ratioReturn relative to maximum drawdown | 1.78 | 1.74 | +0.03 |
Martin ratioReturn relative to average drawdown | 8.70 | 5.58 | +3.13 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading graphics...
Sharpe Ratios by Period
| PNRAX | PINCX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.15 | 1.14 | +0.01 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.72 | -0.09 | +0.81 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.82 | 0.41 | +0.41 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.46 | 0.76 | -0.30 |
Correlation
The correlation between PNRAX and PINCX is -0.04. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.
Dividends
PNRAX vs. PINCX - Dividend Comparison
PNRAX's dividend yield for the trailing twelve months is around 11.88%, more than PINCX's 4.50% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PNRAX Putnam Research Fund | 11.88% | 11.49% | 7.57% | 0.28% | 9.46% | 7.67% | 2.02% | 7.24% | 15.09% | 1.57% | 1.06% | 1.19% |
PINCX Putnam Income Fund | 4.50% | 4.63% | 8.70% | 7.35% | 7.70% | 2.15% | 5.46% | 4.65% | 3.57% | 3.46% | 3.21% | 3.03% |
Drawdowns
PNRAX vs. PINCX - Drawdown Comparison
The maximum PNRAX drawdown since its inception was -57.49%, which is greater than PINCX's maximum drawdown of -30.57%. Use the drawdown chart below to compare losses from any high point for PNRAX and PINCX.
Loading graphics...
Drawdown Indicators
| PNRAX | PINCX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -57.49% | -30.57% | -26.92% |
Max Drawdown (1Y)Largest decline over 1 year | -12.28% | -2.75% | -9.53% |
Max Drawdown (5Y)Largest decline over 5 years | -24.37% | -20.78% | -3.59% |
Max Drawdown (10Y)Largest decline over 10 years | -33.35% | -22.16% | -11.19% |
Current DrawdownCurrent decline from peak | -5.47% | -4.82% | -0.65% |
Average DrawdownAverage peak-to-trough decline | -12.11% | -4.33% | -7.78% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.51% | 0.86% | +1.65% |
Volatility
PNRAX vs. PINCX - Volatility Comparison
Putnam Research Fund (PNRAX) has a higher volatility of 5.44% compared to Putnam Income Fund (PINCX) at 1.45%. This indicates that PNRAX's price experiences larger fluctuations and is considered to be riskier than PINCX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading graphics...
Volatility by Period
| PNRAX | PINCX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.44% | 1.45% | +3.99% |
Volatility (6M)Calculated over the trailing 6-month period | 9.74% | 2.41% | +7.33% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.57% | 4.22% | +14.35% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.09% | 6.18% | +10.91% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.95% | 5.26% | +12.69% |