FTCS vs. PMYYX

Last updated Jun 23, 2026

FTCS (First Trust Capital Strength ETF) and PMYYX (Putnam Multi-Cap Core Fund) are both Large Cap Blend Equities funds. Over the past 10 years, FTCS returned 10.41%/yr vs 16.45%/yr for PMYYX. Their correlation of 0.81 suggests significant overlap in exposure. FTCS charges 0.53%/yr vs 0.71%/yr for PMYYX.

Performance

FTCS vs. PMYYX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in First Trust Capital Strength ETF (FTCS) and Putnam Multi-Cap Core Fund (PMYYX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, FTCS achieves a 0.55% return, which is significantly lower than PMYYX's 7.62% return. Over the past 10 years, FTCS has underperformed PMYYX with an annualized return of 10.41%, while PMYYX has yielded a comparatively higher 16.45% annualized return.

FTCS

• 1D: -0.25%
• 1M: -1.88%
• YTD: 0.55%
• 6M: -0.32%
• 1Y: 5.44%
• 3Y*: 9.28%
• 5Y*: 5.80%
• 10Y*: 10.41%

PMYYX

• 1D: 0.86%
• 1M: 0.72%
• YTD: 7.62%
• 6M: 7.06%
• 1Y: 25.46%
• 3Y*: 20.68%
• 5Y*: 13.90%
• 10Y*: 16.45%

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

FTCS vs. PMYYX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
FTCS First Trust Capital Strength ETF	0.55%	6.46%	11.19%	8.48%	-10.22%	26.75%	13.05%	26.71%	-4.22%	26.57%
PMYYX Putnam Multi-Cap Core Fund	7.62%	17.33%	26.46%	27.98%	-15.94%	30.93%	17.69%	32.52%	-7.91%	24.00%

Correlation

The correlation between FTCS and PMYYX is 0.51, 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	0.51
Correlation (3Y) Calculated over the trailing 3-year period	0.63
Correlation (5Y) Calculated over the trailing 5-year period	0.74
Correlation (10Y) Calculated over the trailing 10-year period	0.79
Correlation (All Time) Calculated using the full available price history since Aug 3, 2012	0.81

Over the past year, the correlation between FTCS and PMYYX has dropped to 0.51 - well below their long-term average of 0.81, suggesting their price drivers have been diverging.

Return for Risk

FTCS vs. PMYYX — Risk / Return Rank

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

FTCS

FTCS Risk / Return Rank: 16
FTCS Sharpe Ratio Rank: 17
FTCS Sortino Ratio Rank: 16
FTCS Omega Ratio Rank: 15
FTCS Calmar Ratio Rank: 17
FTCS Martin Ratio Rank: 16

PMYYX

PMYYX Risk / Return Rank: 53
PMYYX Sharpe Ratio Rank: 55
PMYYX Sortino Ratio Rank: 51
PMYYX Omega Ratio Rank: 53
PMYYX Calmar Ratio Rank: 48
PMYYX Martin Ratio Rank: 58

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.

FTCS vs. PMYYX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for First Trust Capital Strength ETF (FTCS) and Putnam Multi-Cap Core Fund (PMYYX). 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.

	FTCS	PMYYX	Difference
Sharpe ratio: Return per unit of total volatility	0.55	2.02	-1.47
Sortino ratio: Return per unit of downside risk	0.88	2.77	-1.89
Omega ratio: Gain probability vs. loss probability	1.10	1.36	-0.27
Calmar ratio: Return relative to maximum drawdown	0.71	2.53	-1.82
Martin ratio: Return relative to average drawdown	1.63	10.93	-9.30

FTCS vs. PMYYX - Sharpe Ratio Comparison

The current FTCS Sharpe Ratio is 0.55, which is lower than the PMYYX Sharpe Ratio of 2.02. The chart below compares the historical Sharpe Ratios of FTCS and PMYYX, 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

FTCS vs. PMYYX - Drawdown Comparison

The maximum FTCS drawdown since its inception was -53.64%, which is greater than PMYYX's maximum drawdown of -35.25%. Use the drawdown chart below to compare losses from any high point for FTCS and PMYYX.

Drawdown Indicators

	FTCS	PMYYX	Difference
Max Drawdown Largest peak-to-trough decline	-53.64%	-35.25%	-18.39%
Max Drawdown (1Y) Largest decline over 1 year	-7.74%	-10.02%	+2.28%
Max Drawdown (3Y) Largest decline over 3 years	-12.62%	-18.92%	+6.30%
Max Drawdown (5Y) Largest decline over 5 years	-20.93%	-23.52%	+2.59%
Max Drawdown (10Y) Largest decline over 10 years	-31.93%	-35.25%	+3.32%
Current Drawdown Current decline from peak	-6.45%	-1.03%	-5.42%
Average Drawdown Average peak-to-trough decline	-6.92%	-4.11%	-2.81%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.34%	2.31%	+1.03%

Volatility

FTCS vs. PMYYX - Volatility Comparison

The current volatility for First Trust Capital Strength ETF (FTCS) is 2.99%, while Putnam Multi-Cap Core Fund (PMYYX) has a volatility of 4.50%. This indicates that FTCS experiences smaller price fluctuations and is considered to be less risky than PMYYX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FTCS	PMYYX	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.99%	4.50%	-1.51%
Volatility (6M) Calculated over the trailing 6-month period	7.22%	9.88%	-2.66%
Volatility (1Y) Calculated over the trailing 1-year period	9.95%	12.51%	-2.56%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	13.14%	16.89%	-3.75%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.55%	18.43%	-2.88%

FTCS vs. PMYYX - Expense Ratio Comparison

FTCS has a 0.53% expense ratio, which is lower than PMYYX's 0.71% expense ratio.

Dividends

FTCS vs. PMYYX - Dividend Comparison

FTCS's dividend yield for the trailing twelve months is around 1.12%, less than PMYYX's 2.57% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FTCS First Trust Capital Strength ETF	1.12%	1.04%	1.33%	1.47%	1.23%	1.06%	0.93%	1.26%	1.26%	1.15%	1.43%	1.50%
PMYYX Putnam Multi-Cap Core Fund	2.57%	2.76%	4.47%	2.62%	5.26%	9.25%	2.41%	4.76%	2.36%	2.71%	1.21%	1.26%

Frequently Asked Questions

Can I hold both FTCS and PMYYX in my portfolio?

FTCS and PMYYX have a correlation of 0.51, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, FTCS or PMYYX?

PMYYX has higher volatility (4.50%) compared to FTCS (2.99%). In terms of maximum drawdown, FTCS dropped -53.64% vs PMYYX's -35.25%.

Which has better risk-adjusted returns?

PMYYX currently has the higher Sharpe Ratio (2.02 vs 0.55), 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.