HOVLX vs. PEYAX
Compare and contrast key facts about Homestead Funds Value Fund (HOVLX) and Putnam Large Cap Value Fund (PEYAX).
HOVLX is managed by Homestead. It was launched on Nov 19, 1990. PEYAX is managed by Putnam. It was launched on Jun 15, 1977.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: HOVLX or PEYAX.
Key characteristics
| HOVLX | PEYAX | |
|---|---|---|
| YTD Return | 18.87% | 24.94% |
| 1Y Return | 30.48% | 30.68% |
| 3Y Return (Ann) | 8.33% | 6.50% |
| 5Y Return (Ann) | 12.30% | 9.53% |
| 10Y Return (Ann) | 10.83% | 7.99% |
| Sharpe Ratio | 2.81 | 2.88 |
| Sortino Ratio | 3.96 | 3.81 |
| Omega Ratio | 1.52 | 1.52 |
| Calmar Ratio | 4.37 | 3.99 |
| Martin Ratio | 15.76 | 22.00 |
| Ulcer Index | 1.94% | 1.41% |
| Daily Std Dev | 10.87% | 10.76% |
| Max Drawdown | -57.48% | -50.96% |
| Current Drawdown | -0.59% | -0.78% |
Correlation
The correlation between HOVLX and PEYAX is 0.93, 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
HOVLX vs. PEYAX - Performance Comparison
In the year-to-date period, HOVLX achieves a 18.87% return, which is significantly lower than PEYAX's 24.94% return. Over the past 10 years, HOVLX has outperformed PEYAX with an annualized return of 10.83%, while PEYAX has yielded a comparatively lower 7.99% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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HOVLX vs. PEYAX - Expense Ratio Comparison
HOVLX has a 0.63% expense ratio, which is lower than PEYAX's 0.88% expense ratio.
Risk-Adjusted Performance
HOVLX vs. PEYAX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Homestead Funds Value Fund (HOVLX) 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.
Dividends
HOVLX vs. PEYAX - Dividend Comparison
HOVLX's dividend yield for the trailing twelve months is around 1.22%, more than PEYAX's 1.20% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
HOVLX Homestead Funds Value Fund | 1.22% | 1.49% | 1.48% | 1.19% | 1.39% | 1.60% | 1.94% | 1.80% | 2.31% | 2.02% | 1.54% | 1.67% |
PEYAX Putnam Large Cap Value Fund | 1.20% | 1.43% | 1.88% | 1.16% | 1.50% | 1.35% | 1.85% | 1.55% | 1.42% | 1.46% | 9.72% | 9.82% |
Drawdowns
HOVLX vs. PEYAX - Drawdown Comparison
The maximum HOVLX drawdown since its inception was -57.48%, which is greater than PEYAX's maximum drawdown of -50.96%. Use the drawdown chart below to compare losses from any high point for HOVLX and PEYAX. For additional features, visit the drawdowns tool.
Volatility
HOVLX vs. PEYAX - Volatility Comparison
Homestead Funds Value Fund (HOVLX) and Putnam Large Cap Value Fund (PEYAX) have volatilities of 3.55% and 3.44%, 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.