- ISIN
- US7468026106
- CUSIP
- 746802610
- Issuer
- Putnam
- Inception Date
- Apr 12, 1999
- Category
- Small Cap Value Equities
- Min. Investment
- $0
- Distribution Policy
- Distributing
- Asset Class
- Equity
- Asset Class Size
- Small-Cap
- Asset Class Style
- Value
Share Price Chart
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Performance
PSLAX Performance Chart
Putnam Small Cap Value Fund (PSLAX) is up 19.0% since the beginning of the year. PSLAX is currently trading at $18 per share. Investors who bought $1,000 worth of PSLAX shares 5 years ago would now be looking at an investment worth $1,522.
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Returns By Period
Putnam Small Cap Value Fund (PSLAX) has returned 19.04% so far this year and 33.04% over the past 12 months. Over the last ten years, PSLAX has returned 10.50% per year, falling short of the S&P 500 Index benchmark, which averaged 13.88% annually.
Putnam Small Cap Value Fund
- 1D
- 1.55%
- 1M
- 6.92%
- YTD
- 19.04%
- 6M
- 16.62%
- 1Y
- 33.04%
- 3Y*
- 16.16%
- 5Y*
- 8.77%
- 10Y*
- 10.50%
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%
PSLAX Monthly Returns History
Based on dividend-adjusted daily data since Jan 3, 2000, PSLAX's average daily return is +0.05%, while the average monthly return is +0.93%. At this rate, an investment would double in approximately 6.2 years.
Historically, 58% of months were positive and 42% were negative. The best month was Nov 2020 with a return of +19.7%, while the worst month was Mar 2020 at -30.2%. The longest winning streak lasted 8 consecutive months, and the longest losing streak was 10 months.
On a daily basis, PSLAX closed higher 51% of trading days. The best single day was Mar 24, 2020 with a return of +9.7%, while the worst single day was Mar 16, 2020 at -16.0%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 5.38% | 2.21% | -5.83% | 10.15% | 1.57% | 4.91% | 19.04% | ||||||
| 2025 | 2.43% | -2.68% | -6.86% | -3.85% | 5.73% | 3.59% | -0.92% | 9.17% | -1.75% | -2.52% | 2.84% | 1.07% | 5.26% |
| 2024 | -3.68% | 0.87% | 4.91% | -5.50% | 5.02% | -1.08% | 10.24% | -1.93% | -1.13% | -2.41% | 10.44% | -7.89% | 6.19% |
| 2023 | 8.81% | 0.58% | -9.70% | -2.07% | -1.79% | 11.99% | 7.02% | -2.21% | -4.73% | -5.26% | 10.24% | 11.45% | 23.54% |
| 2022 | -4.47% | 2.84% | 2.25% | -7.09% | 1.82% | -11.27% | 9.42% | -2.94% | -10.49% | 14.94% | 0.62% | -6.60% | -13.42% |
| 2021 | 2.98% | 13.20% | 6.09% | 3.26% | 6.18% | -0.65% | -2.99% | 1.28% | 0.33% | 3.30% | -3.77% | 5.67% | 39.51% |
Benchmark Metrics
Putnam Small Cap Value Fund has an annualized alpha of 3.44%, beta of 1.04, and R2 of 0.74 versus S&P 500 Index. Calculated based on daily prices since January 03, 2000.
- This fund captured 118.76% of S&P 500 Index gains and 103.48% of its losses - amplifying both gains and losses, but participating more in upside than downside.
- This fund generated an annualized alpha of 3.44% versus S&P 500 Index - delivering returns beyond what market exposure alone would predict.
- With beta of 1.04 and R2 of 0.74, this fund moves broadly in line with S&P 500 Index - much of its variation is explained by market exposure rather than independent behavior.
- Alpha
- 3.44%
- Beta
- 1.04
- R²
- 0.74
- Upside Capture
- 118.76%
- Downside Capture
- 103.48%
Expense Ratio
PSLAX has a high expense ratio of 1.15%, indicating above-average management fees.
Return for Risk
Risk / Return Rank
PSLAX ranks 48 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 Small Cap Value Fund (PSLAX) 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.
| PSLAX | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.26 | ||
| Sortino ratioReturn per unit of downside risk | -0.18 | ||
| Omega ratioGain probability vs. loss probability | 1.31 | 1.37 | -0.06 |
| Calmar ratioReturn relative to maximum drawdown | 3.11 | 2.78 | +0.33 |
| Martin ratioReturn relative to average drawdown | 8.83 | 12.44 | -3.61 |
Dividends
Dividend History
Putnam Small Cap Value Fund provided a 5.72% dividend yield over the last twelve months, with an annual payout of $1.05 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 | $1.05 | $1.05 | $0.89 | $0.19 | $1.07 | $0.03 | $0.10 | $0.15 | $1.95 | $5.17 | $0.12 | $0.75 |
Dividend yield | 5.72% | 6.81% | 5.67% | 1.21% | 8.40% | 0.20% | 0.90% | 1.33% | 21.52% | 38.15% | 0.66% | 5.38% |
Monthly Dividends
The table displays the monthly dividend distributions for Putnam Small Cap Value 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 | $1.05 | $1.05 |
| 2024 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.89 | $0.89 |
| 2023 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.19 | $0.19 |
| 2022 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $1.07 | $1.07 |
| 2021 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.03 | $0.03 |
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 Small Cap Value 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 Small Cap Value Fund was 69.37%, occurring on Mar 9, 2009. Recovery took 1052 trading sessions.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
Financial crisis2007–2009 | -69.37%Mar 2009 | 1y 9mo | 4y 2mo | 5y 11moJun 2007 - May 2013 |
COVID crash2020 | -52.81%Mar 2020 | 1y 6mo | 9mo 24d | 2y 4moAug 2018 - Jan 2021 |
Dot-com crash2000–2002 | -37.13%Oct 2002 | 5mo 25d | 1y 26d | 1y 6moApr 2002 - Nov 2003 |
2025 selloff2025 | -25.63%Apr 2025 | 4mo 13d | 9mo 3d | 1y 1moNov 2024 - Jan 2026 |
Bear market2022 | -23.07%Sep 2022 | 10mo 25d | 1y 2mo | 2y 1moNov 2021 - Dec 2023 |
Drawdown Indicators
| PSLAX | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -69.37% | -56.78% | -12.59% |
Max Drawdown (1Y)Largest decline over 1 year | -10.52% | -9.10% | -1.42% |
Max Drawdown (3Y)Largest decline over 3 years | -25.63% | -18.90% | -6.73% |
Max Drawdown (5Y)Largest decline over 5 years | -25.63% | -25.43% | -0.20% |
Max Drawdown (10Y)Largest decline over 10 years | -52.81% | -33.92% | -18.89% |
Current DrawdownCurrent decline from peak | 0.00% | -1.80% | +1.80% |
Average DrawdownAverage peak-to-trough decline | -12.13% | -10.71% | -1.42% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.70% | 2.03% | +1.67% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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