JAVA vs. PEIYX

Last updated Jun 23, 2026

JAVA (JPMorgan Active Value ETF) and PEIYX (Putnam Large Cap Value Fund) are both Large Cap Value Equities funds. Over the past 3 years, JAVA returned 16.97%/yr vs 19.91%/yr for PEIYX. With a 0.96 correlation, they move nearly in lockstep. JAVA charges 0.44%/yr vs 0.65%/yr for PEIYX.

Performance

JAVA vs. PEIYX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in JPMorgan Active Value ETF (JAVA) and Putnam Large Cap Value Fund (PEIYX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

The year-to-date returns for both stocks are quite close, with JAVA having a 11.13% return and PEIYX slightly lower at 11.02%.

JAVA

• 1D: 0.13%
• 1M: 3.66%
• YTD: 11.13%
• 6M: 10.24%
• 1Y: 25.84%
• 3Y*: 16.97%
• 5Y*: —
• 10Y*: —

PEIYX

• 1D: 0.16%
• 1M: 2.62%
• YTD: 11.02%
• 6M: 10.57%
• 1Y: 28.03%
• 3Y*: 19.91%
• 5Y*: 14.52%
• 10Y*: 14.17%

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

JAVA vs. PEIYX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
JAVA JPMorgan Active Value ETF	11.13%	14.92%	15.52%	10.46%	-0.88%	5.02%
PEIYX Putnam Large Cap Value Fund	11.02%	19.94%	19.32%	15.34%	-2.83%	6.44%

Correlation

The correlation between JAVA and PEIYX is 0.95 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.95
Correlation (3Y) Calculated over the trailing 3-year period	0.95
Correlation (All Time) Calculated using the full available price history since Oct 5, 2021	0.96

The correlation between JAVA and PEIYX has been stable across timeframes, ranging from 0.95 to 0.96 - a consistent structural relationship.

Return for Risk

JAVA vs. PEIYX — Risk / Return Rank

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

JAVA

JAVA Risk / Return Rank: 69
JAVA Sharpe Ratio Rank: 72
JAVA Sortino Ratio Rank: 73
JAVA Omega Ratio Rank: 69
JAVA Calmar Ratio Rank: 65
JAVA Martin Ratio Rank: 65

PEIYX

PEIYX Risk / Return Rank: 84
PEIYX Sharpe Ratio Rank: 86
PEIYX Sortino Ratio Rank: 83
PEIYX Omega Ratio Rank: 78
PEIYX Calmar Ratio Rank: 86
PEIYX Martin Ratio Rank: 86

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.

JAVA vs. PEIYX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for JPMorgan Active Value ETF (JAVA) and Putnam Large Cap Value Fund (PEIYX). 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.

	JAVA	PEIYX	Difference
Sharpe ratio: Return per unit of total volatility	2.24	2.58	-0.34
Sortino ratio: Return per unit of downside risk	3.15	3.63	-0.47
Omega ratio: Gain probability vs. loss probability	1.40	1.47	-0.07
Calmar ratio: Return relative to maximum drawdown	3.13	3.92	-0.79
Martin ratio: Return relative to average drawdown	11.51	15.17	-3.66

JAVA vs. PEIYX - Sharpe Ratio Comparison

The current JAVA Sharpe Ratio is 2.24, which is comparable to the PEIYX Sharpe Ratio of 2.58. The chart below compares the historical Sharpe Ratios of JAVA and PEIYX, 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

JAVA vs. PEIYX - Drawdown Comparison

The maximum JAVA drawdown since its inception was -16.54%, smaller than the maximum PEIYX drawdown of -51.28%. Use the drawdown chart below to compare losses from any high point for JAVA and PEIYX.

Drawdown Indicators

	JAVA	PEIYX	Difference
Max Drawdown Largest peak-to-trough decline	-16.54%	-51.28%	+34.74%
Max Drawdown (1Y) Largest decline over 1 year	-8.29%	-7.18%	-1.11%
Max Drawdown (3Y) Largest decline over 3 years	-16.54%	-15.36%	-1.18%
Max Drawdown (5Y) Largest decline over 5 years	—	-15.36%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-36.05%	—
Current Drawdown Current decline from peak	-0.36%	-0.87%	+0.51%
Average Drawdown Average peak-to-trough decline	-3.60%	-6.31%	+2.71%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.25%	1.85%	+0.40%

Volatility

JAVA vs. PEIYX - Volatility Comparison

JPMorgan Active Value ETF (JAVA) and Putnam Large Cap Value Fund (PEIYX) have volatilities of 3.86% and 3.95%, 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.

Volatility by Period

	JAVA	PEIYX	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.86%	3.95%	-0.09%
Volatility (6M) Calculated over the trailing 6-month period	8.84%	8.47%	+0.37%
Volatility (1Y) Calculated over the trailing 1-year period	11.63%	10.92%	+0.71%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.81%	14.56%	+0.25%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	14.81%	17.02%	-2.21%

JAVA vs. PEIYX - Expense Ratio Comparison

JAVA has a 0.44% expense ratio, which is lower than PEIYX's 0.65% expense ratio.

Dividends

JAVA vs. PEIYX - Dividend Comparison

JAVA's dividend yield for the trailing twelve months is around 1.22%, less than PEIYX's 5.00% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
JAVA JPMorgan Active Value ETF	1.22%	1.34%	1.45%	1.65%	1.25%	0.48%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
PEIYX Putnam Large Cap Value Fund	5.00%	5.29%	7.06%	5.17%	7.31%	7.32%	6.20%	3.59%	5.96%	3.44%	2.51%	6.14%

Frequently Asked Questions

Can I hold both JAVA and PEIYX in my portfolio?

With a correlation of 0.95, JAVA and PEIYX move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which is riskier, JAVA or PEIYX?

PEIYX has higher volatility (3.95%) compared to JAVA (3.86%). In terms of maximum drawdown, JAVA dropped -16.54% vs PEIYX's -51.28%.

Which has better risk-adjusted returns?

PEIYX currently has the higher Sharpe Ratio (2.58 vs 2.24), 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.