PPT vs. RFXIX

Last updated Apr 11, 2026

PPT (Putnam Premier Income Trust) and RFXIX (Rational Special Situations Income Fund) are both Multisector Bonds funds. Over the past 5 years, PPT returned 2.47%/yr vs 4.28%/yr for RFXIX. At 0.12, their price movements are largely independent.

Performance

PPT vs. RFXIX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Putnam Premier Income Trust (PPT) and Rational Special Situations Income Fund (RFXIX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, PPT achieves a 1.92% return, which is significantly higher than RFXIX's 1.29% return.

PPT

• 1D: 0.00%
• 1M: 1.03%
• YTD: 1.92%
• 6M: 0.46%
• 1Y: 10.26%
• 3Y*: 9.03%
• 5Y*: 2.47%
• 10Y*: 4.97%

RFXIX

• 1D: 0.00%
• 1M: 0.29%
• YTD: 1.29%
• 6M: 2.55%
• 1Y: 5.69%
• 3Y*: 5.88%
• 5Y*: 4.28%
• 10Y*: —

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

PPT vs. RFXIX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
PPT Putnam Premier Income Trust	1.92%	8.39%	8.80%	7.43%	-7.75%	-1.72%	-6.54%	7.99%
RFXIX Rational Special Situations Income Fund	1.29%	4.73%	8.95%	4.08%	-0.85%	5.30%	2.84%	1.91%

Correlation

The correlation between PPT and RFXIX is 0.16, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.16
Correlation (3Y) Calculated over the trailing 3-year period	0.11
Correlation (5Y) Calculated over the trailing 5-year period	0.12
Correlation (All Time) Calculated using the full available price history since Jul 18, 2019	0.12

Return for Risk

PPT vs. RFXIX — Risk / Return Rank

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

PPT

PPT Risk / Return Rank: 13
PPT Sharpe Ratio Rank: 10
PPT Sortino Ratio Rank: 11
PPT Omega Ratio Rank: 9
PPT Calmar Ratio Rank: 22
PPT Martin Ratio Rank: 15

RFXIX

RFXIX Risk / Return Rank: 95
RFXIX Sharpe Ratio Rank: 94
RFXIX Sortino Ratio Rank: 94
RFXIX Omega Ratio Rank: 97
RFXIX Calmar Ratio Rank: 96
RFXIX Martin Ratio Rank: 95

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.

PPT vs. RFXIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Putnam Premier Income Trust (PPT) and Rational Special Situations Income Fund (RFXIX). 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.

	PPT	RFXIX	Difference
Sharpe ratio Return per unit of total volatility	1.03	3.65	-2.62
Sortino ratio Return per unit of downside risk	1.61	5.47	-3.86
Omega ratio Gain probability vs. loss probability	1.19	2.08	-0.89
Calmar ratio Return relative to maximum drawdown	1.91	6.84	-4.93
Martin ratio Return relative to average drawdown	5.37	24.55	-19.19
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

PPT vs. RFXIX - Sharpe Ratio Comparison

The current PPT Sharpe Ratio is 1.03, which is lower than the RFXIX Sharpe Ratio of 3.65. The chart below compares the historical Sharpe Ratios of PPT and RFXIX, 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

	PPT	RFXIX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.03	3.65	-2.62
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.21	2.21	-2.00
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.34	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.16	1.41	-1.24

Drawdowns

PPT vs. RFXIX - Drawdown Comparison

The maximum PPT drawdown since its inception was -49.76%, which is greater than RFXIX's maximum drawdown of -12.91%. Use the drawdown chart below to compare losses from any high point for PPT and RFXIX.

Drawdown Indicators

	PPT	RFXIX	Difference
Max Drawdown Largest peak-to-trough decline	-49.76%	-12.91%	-36.85%
Max Drawdown (1Y) Largest decline over 1 year	-5.05%	-0.72%	-4.33%
Max Drawdown (5Y) Largest decline over 5 years	-18.92%	-4.93%	-13.99%
Max Drawdown (10Y) Largest decline over 10 years	-31.79%	—	—
Current Drawdown Current decline from peak	-2.57%	0.00%	-2.57%
Average Drawdown Average peak-to-trough decline	-11.27%	-0.89%	-10.38%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.79%	0.20%	+1.59%

Volatility

PPT vs. RFXIX - Volatility Comparison

Putnam Premier Income Trust (PPT) has a higher volatility of 4.40% compared to Rational Special Situations Income Fund (RFXIX) at 0.44%. This indicates that PPT's price experiences larger fluctuations and is considered to be riskier than RFXIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	PPT	RFXIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.40%	0.44%	+3.96%
Volatility (6M) Calculated over the trailing 6-month period	7.56%	0.90%	+6.66%
Volatility (1Y) Calculated over the trailing 1-year period	10.35%	1.55%	+8.80%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	12.03%	1.95%	+10.08%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	14.47%	2.97%	+11.50%

Dividends

PPT vs. RFXIX - Dividend Comparison

PPT's dividend yield for the trailing twelve months is around 8.84%, more than RFXIX's 5.55% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
PPT Putnam Premier Income Trust	8.84%	8.81%	8.76%	8.74%	8.60%	7.31%	8.84%	7.73%	6.84%	5.85%	6.28%	6.30%
RFXIX Rational Special Situations Income Fund	5.55%	5.02%	6.69%	7.85%	6.08%	5.04%	4.99%	1.39%	0.00%	0.00%	0.00%	0.00%