MCK vs. PEYAX
MCK (McKesson Corporation) is a stock, while PEYAX (Putnam Large Cap Value Fund) is Large Cap Value Equities fund managed by Putnam. Over the past 10 years, MCK returned 16.82%/yr vs 13.44%/yr for PEYAX. At a 0.42 correlation, their price movements are largely independent.
Performance
MCK vs. PEYAX - Performance Comparison
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Returns By Period
In the year-to-date period, MCK achieves a -4.75% return, which is significantly lower than PEYAX's 10.82% return. Over the past 10 years, MCK has outperformed PEYAX with an annualized return of 16.82%, while PEYAX has yielded a comparatively lower 13.44% annualized return.
MCK
- 1D
- -0.54%
- 1M
- 2.64%
- YTD
- -4.75%
- 6M
- -5.07%
- 1Y
- 7.52%
- 3Y*
- 24.85%
- 5Y*
- 33.15%
- 10Y*
- 16.82%
PEYAX
- 1D
- 0.88%
- 1M
- 3.88%
- YTD
- 10.82%
- 6M
- 10.92%
- 1Y
- 27.36%
- 3Y*
- 20.10%
- 5Y*
- 12.17%
- 10Y*
- 13.44%
MCK vs. PEYAX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
MCK McKesson Corporation | -4.75% | 44.54% | 23.67% | 24.13% | 51.82% | 44.23% | 27.06% | 26.72% | -28.40% | 11.95% |
PEYAX Putnam Large Cap Value Fund | 10.82% | 20.09% | 18.99% | 15.09% | -8.37% | 26.84% | 5.87% | 29.94% | -8.63% | 18.79% |
Correlation
The correlation between MCK and PEYAX is 0.14, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.14 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.16 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.30 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.40 |
Correlation (All Time) Calculated using the full available price history since Nov 15, 1994 | 0.42 |
Over the past year, the correlation between MCK and PEYAX has dropped to 0.14 - well below their long-term average of 0.42, suggesting their price drivers have been diverging.
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Return for Risk
MCK vs. PEYAX — Risk / Return Rank
MCK
PEYAX
MCK vs. PEYAX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for McKesson Corporation (MCK) 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.
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.
| MCK | PEYAX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.17 | ||
| Sortino ratioReturn per unit of downside risk | -2.80 | ||
| Omega ratioGain probability vs. loss probability | 1.08 | 1.44 | -0.36 |
| Calmar ratioReturn relative to maximum drawdown | 0.28 | 3.66 | -3.38 |
| Martin ratioReturn relative to average drawdown | 0.72 | 14.17 | -13.45 |
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Drawdowns
MCK vs. PEYAX - Drawdown Comparison
The maximum MCK drawdown since its inception was -82.84%, which is greater than PEYAX's maximum drawdown of -56.92%. Use the drawdown chart below to compare losses from any high point for MCK and PEYAX.
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Drawdown Indicators
| MCK | PEYAX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -82.84% | -56.92% | -25.92% |
Max Drawdown (1Y)Largest decline over 1 year | -27.17% | -7.23% | -19.94% |
Max Drawdown (3Y)Largest decline over 3 years | -27.17% | -15.12% | -12.05% |
Max Drawdown (5Y)Largest decline over 5 years | -27.17% | -15.31% | -11.86% |
Max Drawdown (10Y)Largest decline over 10 years | -44.23% | -36.06% | -8.17% |
Current DrawdownCurrent decline from peak | -21.60% | -0.12% | -21.48% |
Average DrawdownAverage peak-to-trough decline | -28.64% | -14.05% | -14.59% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 10.49% | 1.87% | +8.62% |
Volatility
MCK vs. PEYAX - Volatility Comparison
McKesson Corporation (MCK) has a higher volatility of 6.43% compared to Putnam Large Cap Value Fund (PEYAX) at 3.99%. This indicates that MCK's price experiences larger fluctuations and is considered to be riskier than PEYAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MCK | PEYAX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.43% | 3.99% | +2.44% |
Volatility (6M)Calculated over the trailing 6-month period | 22.74% | 8.44% | +14.30% |
Volatility (1Y)Calculated over the trailing 1-year period | 29.15% | 10.92% | +18.23% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 24.19% | 14.74% | +9.45% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 28.83% | 17.08% | +11.75% |
Dividends
MCK vs. PEYAX - Dividend Comparison
MCK's dividend yield for the trailing twelve months is around 0.42%, less than PEYAX's 4.77% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MCK McKesson Corporation | 0.42% | 0.37% | 0.47% | 0.50% | 0.54% | 0.72% | 0.95% | 1.16% | 1.32% | 0.80% | 0.80% | 0.53% |
PEYAX Putnam Large Cap Value Fund | 4.77% | 5.36% | 6.80% | 4.93% | 1.21% | 7.09% | 5.97% | 3.79% | 5.67% | 3.31% | 2.27% | 5.86% |
Frequently Asked Questions
MCK and PEYAX have a correlation of 0.14, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
MCK has higher volatility (6.43%) compared to PEYAX (3.99%). In terms of maximum drawdown, MCK dropped -82.84% vs PEYAX's -56.92%.
PEYAX currently has the higher Sharpe Ratio (2.42 vs 0.26), 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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