DSEEX vs. PVAL
DSEEX (DoubleLine Shiller Enhanced CAPE) and PVAL (Putnam Focused Large Cap Value ETF) are both funds - DSEEX is a Large Cap Blend Equities fund managed by DoubleLine, while PVAL is a Large Cap Value Equities fund actively managed by Putnam. Over the past 5 years, DSEEX returned 5.61%/yr vs 17.21%/yr for PVAL. Their correlation of 0.82 suggests significant overlap in exposure. DSEEX charges 0.54%/yr vs 0.55%/yr for PVAL.
Performance
DSEEX vs. PVAL - Performance Comparison
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Returns By Period
In the year-to-date period, DSEEX achieves a -2.11% return, which is significantly lower than PVAL's 13.15% return.
DSEEX
- 1D
- -0.26%
- 1M
- -2.22%
- YTD
- -2.11%
- 6M
- -2.18%
- 1Y
- 3.44%
- 3Y*
- 10.15%
- 5Y*
- 5.61%
- 10Y*
- 12.03%
PVAL
- 1D
- 0.16%
- 1M
- 2.61%
- YTD
- 13.15%
- 6M
- 13.40%
- 1Y
- 32.84%
- 3Y*
- 22.55%
- 5Y*
- 17.21%
- 10Y*
- —
DSEEX vs. PVAL - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
DSEEX DoubleLine Shiller Enhanced CAPE | -2.11% | 9.49% | 12.84% | 27.03% | -23.24% | 9.83% |
PVAL Putnam Focused Large Cap Value ETF | 13.15% | 24.13% | 19.30% | 18.41% | -2.61% | 11.77% |
Correlation
The correlation between DSEEX and PVAL is 0.70, 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 | 0.70 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.78 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.82 |
Correlation (All Time) Calculated using the full available price history since May 26, 2021 | 0.82 |
The correlation between DSEEX and PVAL shifts across timeframes, from 0.70 (1 year) to 0.82 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
DSEEX vs. PVAL — Risk / Return Rank
DSEEX
PVAL
DSEEX vs. PVAL - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for DoubleLine Shiller Enhanced CAPE (DSEEX) and Putnam Focused Large Cap Value ETF (PVAL). 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.
| DSEEX | PVAL | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.70 | ||
| Sortino ratioReturn per unit of downside risk | -3.66 | ||
| Omega ratioGain probability vs. loss probability | 1.06 | 1.54 | -0.48 |
| Calmar ratioReturn relative to maximum drawdown | 0.30 | 4.60 | -4.29 |
| Martin ratioReturn relative to average drawdown | 1.05 | 17.44 | -16.39 |
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Drawdowns
DSEEX vs. PVAL - Drawdown Comparison
The maximum DSEEX drawdown since its inception was -41.66%, which is greater than PVAL's maximum drawdown of -16.64%. Use the drawdown chart below to compare losses from any high point for DSEEX and PVAL.
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Drawdown Indicators
| DSEEX | PVAL | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -41.66% | -16.64% | -25.02% |
Max Drawdown (1Y)Largest decline over 1 year | -10.80% | -7.22% | -3.58% |
Max Drawdown (3Y)Largest decline over 3 years | -14.57% | -15.42% | +0.85% |
Max Drawdown (5Y)Largest decline over 5 years | -41.66% | -16.64% | -25.02% |
Max Drawdown (10Y)Largest decline over 10 years | -41.66% | — | — |
Current DrawdownCurrent decline from peak | -5.39% | -0.91% | -4.48% |
Average DrawdownAverage peak-to-trough decline | -8.45% | -3.00% | -5.45% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.09% | 1.90% | +1.19% |
Volatility
DSEEX vs. PVAL - Volatility Comparison
DoubleLine Shiller Enhanced CAPE (DSEEX) and Putnam Focused Large Cap Value ETF (PVAL) have volatilities of 3.75% and 3.60%, 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.
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Volatility by Period
| DSEEX | PVAL | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.75% | 3.60% | +0.15% |
Volatility (6M)Calculated over the trailing 6-month period | 8.77% | 8.61% | +0.16% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.42% | 11.12% | +0.30% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 22.87% | 15.30% | +7.57% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.73% | 15.24% | +6.49% |
DSEEX vs. PVAL - Expense Ratio Comparison
DSEEX has a 0.54% expense ratio, which is lower than PVAL's 0.55% expense ratio.
Dividends
DSEEX vs. PVAL - Dividend Comparison
DSEEX's dividend yield for the trailing twelve months is around 5.05%, more than PVAL's 0.96% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DSEEX DoubleLine Shiller Enhanced CAPE | 5.05% | 4.93% | 4.92% | 4.59% | 16.41% | 28.54% | 1.73% | 7.57% | 15.27% | 9.09% | 4.09% | 4.43% |
PVAL Putnam Focused Large Cap Value ETF | 0.96% | 1.00% | 1.34% | 1.33% | 0.59% | 0.47% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
DSEEX and PVAL have a correlation of 0.70, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
DSEEX has higher volatility (3.75%) compared to PVAL (3.60%). In terms of maximum drawdown, DSEEX dropped -41.66% vs PVAL's -16.64%.
PVAL currently has the higher Sharpe Ratio (2.99 vs 0.29), 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.
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