- ISIN
- US74680E1010
- CUSIP
- 74680E101
- Issuer
- Putnam
- Inception Date
- Feb 28, 1991
- Category
- Foreign Large Cap Equities
- Min. Investment
- $0
- Distribution Policy
- Distributing
- Asset Class
- Equity
Share Price Chart
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Performance
POVSX Performance Chart
Putnam International Equity Fund (POVSX) is up 12.9% since the beginning of the year. POVSX is currently trading at $35 per share. Investors who bought $1,000 worth of POVSX shares 5 years ago would now be looking at an investment worth $1,633.
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Returns By Period
Putnam International Equity Fund (POVSX) has returned 12.94% so far this year and 30.59% over the past 12 months. Over the last ten years, POVSX has returned 9.87% per year, falling short of the S&P 500 Index benchmark, which averaged 13.88% annually.
Putnam International Equity Fund
- 1D
- 0.88%
- 1M
- 1.62%
- YTD
- 12.94%
- 6M
- 13.31%
- 1Y
- 30.59%
- 3Y*
- 18.72%
- 5Y*
- 10.30%
- 10Y*
- 9.87%
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%
POVSX Monthly Returns History
Based on dividend-adjusted daily data since Feb 28, 1991, POVSX's average daily return is +0.04%, while the average monthly return is +0.74%. At this rate, an investment would double in approximately 7.8 years.
Historically, 61% of months were positive and 39% were negative. The best month was Dec 1999 with a return of +15.4%, while the worst month was Oct 2008 at -21.0%. The longest winning streak lasted 11 consecutive months, and the longest losing streak was 6 months.
On a daily basis, POVSX closed higher 52% of trading days. The best single day was Oct 13, 2008 with a return of +14.5%, while the worst single day was Mar 12, 2020 at -10.8%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 6.89% | 4.46% | -9.42% | 6.91% | 3.66% | 0.76% | 12.94% | ||||||
| 2025 | 5.47% | 1.19% | 2.24% | 3.90% | 5.08% | 4.12% | -1.96% | 4.90% | 3.84% | 1.01% | 1.06% | 1.53% | 37.27% |
| 2024 | -0.40% | 2.28% | 2.58% | -2.82% | 5.45% | -1.82% | 3.18% | 3.19% | -0.82% | -4.09% | 0.64% | -3.36% | 3.57% |
| 2023 | 7.88% | -2.15% | 3.51% | 2.04% | -4.32% | 5.08% | 2.94% | -4.06% | -2.22% | -3.55% | 7.95% | 5.28% | 18.65% |
| 2022 | -4.22% | -4.95% | 0.87% | -7.52% | 1.44% | -8.30% | 4.70% | -4.87% | -7.63% | 4.56% | 13.97% | -1.69% | -14.84% |
| 2021 | -1.84% | 2.49% | 2.46% | 3.75% | 3.33% | -1.73% | 0.59% | 2.71% | -3.28% | 1.14% | -5.57% | 5.13% | 8.95% |
Benchmark Metrics
Putnam International Equity Fund has an annualized alpha of 1.89%, beta of 0.71, and R2 of 0.51 versus S&P 500 Index. Calculated based on daily prices since February 28, 1991.
- This fund participated in 93.99% of S&P 500 Index downside but only 89.06% of its upside - more exposed to losses than it benefited from rallies.
- Alpha
- 1.89%
- Beta
- 0.71
- R²
- 0.51
- Upside Capture
- 89.06%
- Downside Capture
- 93.99%
Expense Ratio
POVSX has a high expense ratio of 1.25%, indicating above-average management fees.
Return for Risk
Risk / Return Rank
POVSX ranks 45 for risk / return — on par with similar mutual funds. You're getting a typical balance of risk and reward. Not a standout, but not a red flag either — a reasonable choice if other factors align with your goals.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for Putnam International Equity Fund (POVSX) 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.
| POVSX | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.18 | ||
| Sortino ratioReturn per unit of downside risk | -0.21 | ||
| Omega ratioGain probability vs. loss probability | 1.33 | 1.37 | -0.04 |
| Calmar ratioReturn relative to maximum drawdown | 2.47 | 2.78 | -0.31 |
| Martin ratioReturn relative to average drawdown | 9.31 | 12.44 | -3.13 |
Dividends
Dividend History
Putnam International Equity Fund provided a 9.39% dividend yield over the last twelve months, with an annual payout of $3.24 per share. The fund has been increasing its distributions for 2 consecutive years.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $3.24 | $3.24 | $1.32 | $0.47 | $0.00 | $3.59 | $0.68 | $0.39 | $1.27 | $0.09 | $0.64 | $0.59 |
Dividend yield | 9.39% | 10.60% | 5.33% | 1.88% | 0.00% | 14.17% | 2.56% | 1.58% | 6.42% | 0.32% | 3.09% | 2.70% |
Monthly Dividends
The table displays the monthly dividend distributions for Putnam International Equity 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 | $3.24 | $3.24 |
| 2024 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $1.32 | $1.32 |
| 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 | $0.00 | $0.00 |
| 2021 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $3.59 | $3.59 |
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 Equity 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 Equity Fund was 62.97%, occurring on Mar 9, 2009. Recovery took 2107 trading sessions.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
Financial crisis2007–2009 | -62.97%Mar 2009 | 1y 4mo | 8y 4mo | 9y 8moNov 2007 - Jul 2017 |
2003 bear market2003 | -51.86%Mar 2003 | 3y 5d | 2y 11mo | 5y 12moMar 2000 - Mar 2006 |
COVID crash2020 | -36.58%Mar 2020 | 2y 1mo | 8mo 9d | 2y 10moJan 2018 - Nov 2020 |
Bear market2022 | -31.24%Oct 2022 | 1y 1mo | 1y 4mo | 2y 6moSep 2021 - Mar 2024 |
1998 bear market1998 | -31.08%Oct 1998 | 2mo 19d | 6mo 2d | 8mo 21dJul 1998 - Apr 1999 |
Drawdown Indicators
| POVSX | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -62.97% | -56.78% | -6.19% |
Max Drawdown (1Y)Largest decline over 1 year | -12.20% | -9.10% | -3.10% |
Max Drawdown (3Y)Largest decline over 3 years | -13.36% | -18.90% | +5.54% |
Max Drawdown (5Y)Largest decline over 5 years | -31.24% | -25.43% | -5.81% |
Max Drawdown (10Y)Largest decline over 10 years | -36.58% | -33.92% | -2.66% |
Current DrawdownCurrent decline from peak | 0.00% | -1.80% | +1.80% |
Average DrawdownAverage peak-to-trough decline | -14.37% | -10.71% | -3.66% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.23% | 2.03% | +1.20% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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