RCS vs. PIM
RCS (PIMCO Strategic Income Fund) and PIM (Putnam Master Intermediate Income Trust) are both Intermediate Core-Plus Bond funds. Over the past 10 years, RCS returned 2.53%/yr vs 4.18%/yr for PIM. Their 0.15 correlation means their historical movements had little consistent relationship.
Performance
RCS vs. PIM - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, RCS achieves a -2.43% return, which is significantly lower than PIM's -2.00% return. Over the past 10 years, RCS has underperformed PIM with an annualized return of 2.53%, while PIM has yielded a comparatively higher 4.18% annualized return.
RCS
- 1D
- 0.39%
- 1M
- -5.47%
- 6M
- -8.32%
- YTD
- -2.43%
- 1Y
- -21.18%
- 3Y*
- 7.37%
- 5Y*
- 1.37%
- 10Y*
- 2.53%
- ALL TIME*
- 6.12%
PIM
- 1D
- 0.97%
- 1M
- -2.42%
- 6M
- -1.75%
- YTD
- -2.00%
- 1Y
- 1.56%
- 3Y*
- 7.58%
- 5Y*
- 2.22%
- 10Y*
- 4.18%
- ALL TIME*
- 2.75%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $168.77K | $149.29K | $206.23K | |
| $661.35K | $644.81K | $738.42K |
RCS vs. PIM - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
RCS PIMCO Strategic Income Fund | -2.43% | -21.48% | 37.47% | 37.60% | -18.72% | 6.33% | -16.19% | 1.62% | 15.51% | 14.39% |
PIM Putnam Master Intermediate Income Trust | -2.00% | 10.91% | 10.88% | 8.45% | -12.49% | -0.44% | -2.97% | 20.68% | -5.10% | 10.52% |
Correlation
The correlation between RCS and PIM is 0.17, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.17 |
Correlation (3Y) Balances recent behavior with more history. | 0.19 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.22 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.18 |
Correlation (All Time) Calculated using the full available price history since Oct 27, 1994 | 0.15 |
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
RCS vs. PIM — Risk / Return Rank
RCS
PIM
RCS vs. PIM - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for PIMCO Strategic Income Fund (RCS) and Putnam Master Intermediate Income Trust (PIM). 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.
| RCS | PIM | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.01 | ||
| Sortino ratioReturn per unit of downside risk | -1.48 | ||
| Omega ratioGain probability vs. loss probability | 0.86 | 1.03 | -0.17 |
| Calmar ratioReturn relative to maximum drawdown | -0.64 | 0.24 | -0.88 |
| Martin ratioReturn relative to average drawdown | -0.97 | 0.52 | -1.49 |
Loading charts...
Drawdowns
RCS vs. PIM - Drawdown Comparison
The maximum RCS drawdown since its inception was -46.69%, which is greater than PIM's maximum drawdown of -43.27%. Use the drawdown chart below to compare losses from any high point for RCS and PIM.
Loading charts...
Drawdown Indicators
| RCS | PIM | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -46.69% | -43.27% | -3.42% |
Max Drawdown (1Y)Largest decline over 1 year | -32.94% | -6.45% | -26.49% |
Max Drawdown (3Y)Largest decline over 3 years | -32.94% | -7.66% | -25.28% |
Max Drawdown (5Y)Largest decline over 5 years | -36.18% | -16.72% | -19.46% |
Max Drawdown (10Y)Largest decline over 10 years | -46.69% | -28.15% | -18.54% |
Current DrawdownCurrent decline from peak | -30.40% | -4.01% | -26.39% |
Average DrawdownAverage peak-to-trough decline | -9.48% | -9.50% | +0.02% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 21.67% | 3.02% | +18.65% |
Volatility
RCS vs. PIM - Volatility Comparison
PIMCO Strategic Income Fund (RCS) and Putnam Master Intermediate Income Trust (PIM) have volatilities of 3.03% and 3.05%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| RCS | PIM | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.03% | 3.05% | -0.02% |
Volatility (6M)Calculated over the trailing 6-month period | 16.55% | 8.11% | +8.44% |
Volatility (1Y)Calculated over the trailing 1-year period | 24.22% | 11.56% | +12.66% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 25.22% | 10.80% | +14.42% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 25.82% | 13.12% | +12.70% |
Dividends
RCS vs. PIM - Dividend Comparison
RCS's dividend yield for the trailing twelve months is around 9.28%, more than PIM's 8.46% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PIM Putnam Master Intermediate Income Trust | 8.46% | 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 | 9.28% | 8.62% | 8.03% | 10.07% | 12.39% | 9.01% | 9.57% | 8.44% | 8.93% | 9.50% | 10.92% | 11.17% |
Frequently Asked Questions
RCS and PIM have a correlation of 0.17, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
PIM has higher volatility (3.05%) compared to RCS (3.03%). In terms of maximum drawdown, RCS dropped -46.69% vs PIM's -43.27%.
PIM currently has the higher Sharpe Ratio (0.14 vs -0.87), 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.
Find the right allocation for RCS and PIM
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer