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.
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.
Performance
CMNWX vs. PNRAX - Performance Comparison
Key characteristics
CMNWX:
1.45
PNRAX:
1.19
CMNWX:
1.90
PNRAX:
1.54
CMNWX:
1.27
PNRAX:
1.23
CMNWX:
2.33
PNRAX:
1.68
CMNWX:
6.97
PNRAX:
4.77
CMNWX:
2.94%
PNRAX:
3.69%
CMNWX:
14.19%
PNRAX:
14.84%
CMNWX:
-57.43%
PNRAX:
-60.11%
CMNWX:
-5.39%
PNRAX:
-7.21%
Returns By Period
In the year-to-date period, CMNWX achieves a 3.38% return, which is significantly higher than PNRAX's 2.86% return. Over the past 10 years, CMNWX has underperformed PNRAX with an annualized return of 4.79%, while PNRAX has yielded a comparatively higher 8.84% annualized return.
CMNWX
3.38%
2.94%
5.58%
19.40%
11.43%
4.79%
PNRAX
2.86%
2.43%
2.53%
16.85%
10.37%
8.84%
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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.
Risk-Adjusted Performance
CMNWX vs. PNRAX — Risk-Adjusted Performance Rank
CMNWX
PNRAX
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 0.45%, less than PNRAX's 0.46% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CMNWX Principal Capital Appreciation Fund | 0.45% | 0.46% | 0.71% | 0.69% | 0.43% | 0.78% | 0.93% | 1.62% | 1.01% | 1.07% | 1.19% | 1.84% |
PNRAX Putnam Research Fund | 0.46% | 0.48% | 0.28% | 1.14% | 0.00% | 0.59% | 0.98% | 0.42% | 0.00% | 1.06% | 2.37% | 1.96% |
Drawdowns
CMNWX vs. PNRAX - Drawdown Comparison
The maximum CMNWX drawdown since its inception was -57.43%, roughly equal to the maximum PNRAX drawdown of -60.11%. 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) and Putnam Research Fund (PNRAX) have volatilities of 4.57% and 4.41%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.