CMNWX vs. PNRAX
Compare and contrast key facts about Principal Capital Appreciation Fund (CMNWX) and Putnam Research Fund (PNRAX).
CMNWX is managed by Principal. It was launched on Nov 24, 1986. PNRAX is managed by Putnam. It was launched on Oct 2, 1995.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: CMNWX or PNRAX.
Performance
CMNWX vs. PNRAX - Performance Comparison
Returns By Period
The year-to-date returns for both stocks are quite close, with CMNWX having a 28.61% return and PNRAX slightly lower at 28.44%. Over the past 10 years, CMNWX has underperformed PNRAX with an annualized return of 4.50%, while PNRAX has yielded a comparatively higher 8.95% annualized return.
CMNWX
28.61%
3.94%
13.30%
35.03%
11.44%
4.50%
PNRAX
28.44%
3.08%
12.58%
34.85%
11.08%
8.95%
Key characteristics
| CMNWX | PNRAX | |
|---|---|---|
| Sharpe Ratio | 2.82 | 2.78 |
| Sortino Ratio | 3.79 | 3.71 |
| Omega Ratio | 1.52 | 1.51 |
| Calmar Ratio | 4.05 | 2.45 |
| Martin Ratio | 18.51 | 16.95 |
| Ulcer Index | 1.89% | 2.06% |
| Daily Std Dev | 12.41% | 12.53% |
| Max Drawdown | -57.43% | -61.03% |
| Current Drawdown | -0.34% | -0.62% |
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CMNWX vs. PNRAX - Expense Ratio Comparison
CMNWX has a 0.80% expense ratio, which is lower than PNRAX's 1.03% expense ratio.
Correlation
The correlation between CMNWX and PNRAX is 0.92, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Risk-Adjusted Performance
CMNWX vs. PNRAX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Principal Capital Appreciation Fund (CMNWX) and Putnam Research Fund (PNRAX). 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.
Dividends
CMNWX vs. PNRAX - Dividend Comparison
CMNWX's dividend yield for the trailing twelve months is around 0.55%, more than PNRAX's 0.22% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CMNWX Principal Capital Appreciation Fund | 0.55% | 0.71% | 0.69% | 0.43% | 0.78% | 0.93% | 1.62% | 1.01% | 1.07% | 1.19% | 0.92% | 0.76% |
PNRAX Putnam Research Fund | 0.22% | 0.28% | 1.14% | 0.00% | 0.59% | 0.98% | 0.42% | 0.00% | 1.06% | 1.19% | 0.98% | 0.69% |
Drawdowns
CMNWX vs. PNRAX - Drawdown Comparison
The maximum CMNWX drawdown since its inception was -57.43%, smaller than the maximum PNRAX drawdown of -61.03%. Use the drawdown chart below to compare losses from any high point for CMNWX and PNRAX. For additional features, visit the drawdowns tool.
Volatility
CMNWX vs. PNRAX - Volatility Comparison
Principal Capital Appreciation Fund (CMNWX) has a higher volatility of 4.22% compared to Putnam Research Fund (PNRAX) at 3.92%. This indicates that CMNWX's price experiences larger fluctuations and is considered to be riskier than PNRAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.