- ISIN
- US7468028599
- CUSIP
- 746802859
- Issuer
- Putnam
- Inception Date
- Dec 27, 1995
- Category
- Foreign Small & Mid Cap Equities
- Min. Investment
- $0
- Distribution Policy
- Distributing
- Asset Class
- Equity
- Asset Class Size
- Mid-Cap
- Asset Class Style
- Blend
Share Price Chart
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Performance
PNVAX Performance Chart
Putnam International Capital Opportunities Fund (PNVAX) is up 2.1% since the beginning of the year. PNVAX is currently trading at $46 per share. Investors who bought $1,000 worth of PNVAX shares 5 years ago would now be looking at an investment worth $1,332.
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Returns By Period
Putnam International Capital Opportunities Fund (PNVAX) has returned 2.08% so far this year and 9.61% over the past 12 months. Over the last ten years, PNVAX has returned 8.41% per year, falling short of the S&P 500 Index benchmark, which averaged 13.88% annually.
Putnam International Capital Opportunities Fund
- 1D
- 0.53%
- 1M
- -0.11%
- YTD
- 2.08%
- 6M
- 2.22%
- 1Y
- 9.61%
- 3Y*
- 12.85%
- 5Y*
- 5.90%
- 10Y*
- 8.41%
Benchmark (S&P 500 Index)
- 1D
- -0.37%
- 1M
- -0.01%
- YTD
- 9.16%
- 6M
- 8.64%
- 1Y
- 25.22%
- 3Y*
- 19.78%
- 5Y*
- 11.99%
- 10Y*
- 13.88%
PNVAX Monthly Returns History
Based on dividend-adjusted daily data since Jan 2, 1996, PNVAX's average daily return is +0.04%, while the average monthly return is +0.88%. At this rate, an investment would double in approximately 6.6 years.
Historically, 60% of months were positive and 40% were negative. The best month was Feb 2000 with a return of +21.9%, while the worst month was Oct 2008 at -24.9%. The longest winning streak lasted 12 consecutive months, and the longest losing streak was 6 months.
On a daily basis, PNVAX closed higher 53% of trading days. The best single day was Oct 13, 2008 with a return of +10.0%, while the worst single day was Sep 17, 2001 at -11.4%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 2.62% | 3.47% | -10.19% | 4.82% | 3.77% | -1.58% | 2.08% | ||||||
| 2025 | 1.78% | 1.29% | 2.20% | 7.02% | 5.05% | 6.77% | -3.49% | 1.71% | 1.25% | 0.27% | 3.23% | 0.05% | 30.18% |
| 2024 | -1.07% | 1.42% | 3.59% | -3.22% | 4.09% | -2.96% | 5.59% | 3.53% | 1.20% | -5.98% | -0.19% | -2.26% | 3.09% |
| 2023 | 8.70% | -4.15% | 1.54% | 3.05% | -4.70% | 2.80% | 3.43% | -2.48% | -4.70% | -4.62% | 10.11% | 6.87% | 15.24% |
| 2022 | -6.29% | -2.23% | -1.22% | -6.93% | 0.71% | -10.50% | 6.63% | -6.60% | -11.40% | 5.89% | 16.34% | -0.65% | -18.02% |
| 2021 | -3.34% | 3.24% | 3.89% | 5.74% | 2.14% | -0.25% | 1.59% | 3.05% | -3.28% | 1.78% | -6.92% | 6.03% | 13.59% |
Benchmark Metrics
Putnam International Capital Opportunities Fund has an annualized alpha of 3.70%, beta of 0.65, and R2 of 0.46 versus S&P 500 Index. Calculated based on daily prices since January 02, 1996.
- Beta of 0.65 may look defensive, but with R2 of 0.46 this fund is largely uncorrelated with S&P 500 Index - low beta reflects independence, not downside protection. See the Volatility section for a true picture of this fund's risk.
- R2 of 0.46 means the benchmark explains less than half of this fund's behavior - treat beta with caution or consider switching to a more representative benchmark.
- Alpha
- 3.70%
- Beta
- 0.65
- R²
- 0.46
- Upside Capture
- 99.89%
- Downside Capture
- 98.73%
Expense Ratio
PNVAX has a high expense ratio of 1.51%, indicating above-average management fees.
Return for Risk
Risk / Return Rank
PNVAX ranks 8 for risk / return — in the bottom 8% of mutual funds on our site. This means you're taking on significantly more risk than the returns justify. Consider whether the potential upside is worth the volatility, or explore alternatives with better risk / return profiles.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for Putnam International Capital Opportunities Fund (PNVAX) and compare them to S&P 500 Index.
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.
| PNVAX | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.40 | ||
| Sortino ratioReturn per unit of downside risk | -1.79 | ||
| Omega ratioGain probability vs. loss probability | 1.12 | 1.37 | -0.25 |
| Calmar ratioReturn relative to maximum drawdown | 0.70 | 2.78 | -2.08 |
| Martin ratioReturn relative to average drawdown | 2.41 | 12.44 | -10.03 |
Dividends
Dividend History
Putnam International Capital Opportunities Fund provided a 12.80% dividend yield over the last twelve months, with an annual payout of $5.83 per share. The fund has been increasing its distributions for 3 consecutive years.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $5.83 | $5.83 | $1.51 | $0.47 | $0.16 | $5.65 | $1.86 | $0.53 | $3.17 | $1.16 | $0.82 | $0.56 |
Dividend yield | 12.80% | 13.06% | 3.89% | 1.21% | 0.48% | 13.42% | 4.40% | 1.33% | 9.91% | 2.75% | 2.53% | 1.63% |
Monthly Dividends
The table displays the monthly dividend distributions for Putnam International Capital Opportunities Fund. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | ||||||
| 2025 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $5.83 | $5.83 |
| 2024 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $1.51 | $1.51 |
| 2023 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.47 | $0.47 |
| 2022 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.16 | $0.16 |
| 2021 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $5.65 | $5.65 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
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Worst Drawdowns
The table below displays the maximum drawdowns of the Putnam International Capital Opportunities Fund. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the Putnam International Capital Opportunities Fund was 64.91%, occurring on Mar 9, 2009. Recovery took 1211 trading sessions.
The current Putnam International Capital Opportunities Fund drawdown is 3.86%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
Financial crisis2007–2009 | -64.91%Mar 2009 | 1y 4mo | 4y 9mo | 6y 2moNov 2007 - Dec 2013 |
2003 bear market2003 | -64.88%Mar 2003 | 2y 12mo | 3y 24d | 6y 23dMar 2000 - Apr 2006 |
COVID crash2020 | -37.07%Mar 2020 | 2y 1mo | 7mo 28d | 2y 9moJan 2018 - Nov 2020 |
Bear market2022 | -36.83%Oct 2022 | 1y 1mo | 1y 10mo | 2y 11moSep 2021 - Aug 2024 |
1998 bear market1998 | -25.61%Oct 1998 | 2mo 19d | 3mo | 5mo 19dJul 1998 - Jan 1999 |
Drawdown Indicators
| PNVAX | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -64.91% | -56.78% | -8.13% |
Max Drawdown (1Y)Largest decline over 1 year | -12.87% | -9.10% | -3.77% |
Max Drawdown (3Y)Largest decline over 3 years | -13.16% | -18.90% | +5.74% |
Max Drawdown (5Y)Largest decline over 5 years | -36.83% | -25.43% | -11.40% |
Max Drawdown (10Y)Largest decline over 10 years | -37.07% | -33.92% | -3.15% |
Current DrawdownCurrent decline from peak | -3.86% | -1.80% | -2.06% |
Average DrawdownAverage peak-to-trough decline | -17.76% | -10.71% | -7.05% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.75% | 2.03% | +1.72% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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