CFIPX vs. PEYAX

Last updated Jun 16, 2026

CFIPX (Franklin Global Equity Fund) and PEYAX (Putnam Large Cap Value Fund) are both mutual funds - CFIPX is a Global Equities fund managed by Franklin Templeton, while PEYAX is a Large Cap Value Equities fund managed by Putnam. Over the past 10 years, CFIPX returned 14.31%/yr vs 13.44%/yr for PEYAX. A 0.66 correlation means they provide meaningful diversification when combined. CFIPX charges 1.30%/yr vs 0.88%/yr for PEYAX.

Performance

CFIPX vs. PEYAX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Franklin Global Equity Fund (CFIPX) and Putnam Large Cap Value Fund (PEYAX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, CFIPX achieves a 8.65% return, which is significantly lower than PEYAX's 10.82% return. Over the past 10 years, CFIPX has outperformed PEYAX with an annualized return of 14.31%, while PEYAX has yielded a comparatively lower 13.44% annualized return.

CFIPX

• 1D: 0.52%
• 1M: 1.66%
• YTD: 8.65%
• 6M: 9.11%
• 1Y: 26.06%
• 3Y*: 22.47%
• 5Y*: 12.78%
• 10Y*: 14.31%

PEYAX

• 1D: 0.88%
• 1M: 3.88%
• YTD: 10.82%
• 6M: 10.92%
• 1Y: 27.36%
• 3Y*: 20.10%
• 5Y*: 12.17%
• 10Y*: 13.44%

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

CFIPX vs. PEYAX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
CFIPX Franklin Global Equity Fund	8.65%	23.21%	24.28%	23.03%	-16.36%	24.76%	13.34%	30.63%	-12.16%	23.69%
PEYAX Putnam Large Cap Value Fund	10.82%	20.09%	18.99%	15.09%	-8.37%	26.84%	5.87%	29.94%	-8.63%	18.79%

Correlation

The correlation between CFIPX and PEYAX is 0.79, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.79
Correlation (3Y) Calculated over the trailing 3-year period	0.80
Correlation (5Y) Calculated over the trailing 5-year period	0.86
Correlation (10Y) Calculated over the trailing 10-year period	0.88
Correlation (All Time) Calculated using the full available price history since Feb 28, 1991	0.66

The correlation between CFIPX and PEYAX shifts across timeframes, from 0.66 (all time) to 0.88 (10 years), reflecting how their relationship changes across market environments.

Return for Risk

CFIPX vs. PEYAX — Risk / Return Rank

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

CFIPX

CFIPX Risk / Return Rank: 70
CFIPX Sharpe Ratio Rank: 66
CFIPX Sortino Ratio Rank: 64
CFIPX Omega Ratio Rank: 59
CFIPX Calmar Ratio Rank: 75
CFIPX Martin Ratio Rank: 84

PEYAX

PEYAX Risk / Return Rank: 83
PEYAX Sharpe Ratio Rank: 84
PEYAX Sortino Ratio Rank: 82
PEYAX Omega Ratio Rank: 78
PEYAX Calmar Ratio Rank: 86
PEYAX Martin Ratio Rank: 86

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.

CFIPX vs. PEYAX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Franklin Global Equity Fund (CFIPX) and Putnam Large Cap Value Fund (PEYAX). 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.

	CFIPX	PEYAX	Difference
Sharpe ratio: Return per unit of total volatility	2.02	2.42	-0.40
Sortino ratio: Return per unit of downside risk	2.82	3.43	-0.60
Omega ratio: Gain probability vs. loss probability	1.36	1.44	-0.08
Calmar ratio: Return relative to maximum drawdown	3.00	3.66	-0.66
Martin ratio: Return relative to average drawdown	13.57	14.17	-0.60

CFIPX vs. PEYAX - Sharpe Ratio Comparison

The current CFIPX Sharpe Ratio is 2.02, which is comparable to the PEYAX Sharpe Ratio of 2.42. The chart below compares the historical Sharpe Ratios of CFIPX and PEYAX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

CFIPX vs. PEYAX - Drawdown Comparison

The maximum CFIPX drawdown since its inception was -62.70%, which is greater than PEYAX's maximum drawdown of -56.92%. Use the drawdown chart below to compare losses from any high point for CFIPX and PEYAX.

Drawdown Indicators

	CFIPX	PEYAX	Difference
Max Drawdown Largest peak-to-trough decline	-62.70%	-56.92%	-5.78%
Max Drawdown (1Y) Largest decline over 1 year	-8.28%	-7.23%	-1.05%
Max Drawdown (3Y) Largest decline over 3 years	-17.20%	-15.12%	-2.08%
Max Drawdown (5Y) Largest decline over 5 years	-24.44%	-15.31%	-9.13%
Max Drawdown (10Y) Largest decline over 10 years	-33.98%	-36.06%	+2.08%
Current Drawdown Current decline from peak	-0.94%	-0.12%	-0.82%
Average Drawdown Average peak-to-trough decline	-16.41%	-14.05%	-2.36%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.83%	1.87%	-0.04%

Volatility

CFIPX vs. PEYAX - Volatility Comparison

Franklin Global Equity Fund (CFIPX) has a higher volatility of 4.50% compared to Putnam Large Cap Value Fund (PEYAX) at 3.99%. This indicates that CFIPX's price experiences larger fluctuations and is considered to be riskier than PEYAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	CFIPX	PEYAX	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.50%	3.99%	+0.51%
Volatility (6M) Calculated over the trailing 6-month period	9.86%	8.44%	+1.42%
Volatility (1Y) Calculated over the trailing 1-year period	12.31%	10.92%	+1.39%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.20%	14.74%	+1.46%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.28%	17.08%	+0.20%

CFIPX vs. PEYAX - Expense Ratio Comparison

CFIPX has a 1.30% expense ratio, which is higher than PEYAX's 0.88% expense ratio.

Dividends

CFIPX vs. PEYAX - Dividend Comparison

CFIPX's dividend yield for the trailing twelve months is around 5.90%, more than PEYAX's 4.77% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
CFIPX Franklin Global Equity Fund	5.90%	6.41%	3.49%	0.99%	4.99%	8.99%	0.73%	13.31%	7.86%	0.77%	1.52%	1.01%
PEYAX Putnam Large Cap Value Fund	4.77%	5.36%	6.80%	4.93%	1.21%	7.09%	5.97%	3.79%	5.67%	3.31%	2.27%	5.86%

Frequently Asked Questions

Can I hold both CFIPX and PEYAX in my portfolio?

CFIPX and PEYAX have a correlation of 0.79, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, CFIPX or PEYAX?

CFIPX has higher volatility (4.50%) compared to PEYAX (3.99%). In terms of maximum drawdown, CFIPX dropped -62.70% vs PEYAX's -56.92%.

Which has better risk-adjusted returns?

PEYAX currently has the higher Sharpe Ratio (2.42 vs 2.02), 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.