MEIAX vs. PLDR

Last updated Jul 14, 2026

MEIAX (MFS Value Fund) and PLDR (Putnam Sustainable Leaders ETF) are both funds - MEIAX is a Large Cap Value Equities fund managed by MFS, while PLDR is a Sustainable fund actively managed by Power Corporation of Canada. A 0.73 correlation means they provide meaningful diversification when combined. MEIAX charges 0.80%/yr vs 0.59%/yr for PLDR.

Performance

MEIAX vs. PLDR - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in MFS Value Fund (MEIAX) and Putnam Sustainable Leaders ETF (PLDR). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

MEIAX

• 1D: 0.33%
• 1M: 1.68%
• 6M: 6.21%
• YTD: 9.27%
• 1Y: 14.94%
• 3Y*: 13.39%
• 5Y*: 8.48%
• 10Y*: 9.84%

PLDR

• 1D: —
• 1M: —
• 6M: —
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

MEIAX vs. PLDR - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
MEIAX MFS Value Fund	9.27%	12.97%	11.60%	7.92%	-6.25%	8.34%
PLDR Putnam Sustainable Leaders ETF	1.69%	12.03%	23.47%	27.47%	-22.52%	11.54%

Correlation

The correlation between MEIAX and PLDR is 0.50, 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	0.50
Correlation (3Y) Calculated over the trailing 3-year period	0.61
Correlation (5Y) Calculated over the trailing 5-year period	0.73
Correlation (All Time) Calculated using the full available price history since May 26, 2021	0.73

Over the past year, the correlation between MEIAX and PLDR has dropped to 0.50 - well below their long-term average of 0.73, suggesting their price drivers have been diverging.

Return for Risk

MEIAX vs. PLDR — Risk / Return Rank

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

MEIAX

MEIAX Risk / Return Rank: 40
MEIAX Sharpe Ratio Rank: 37
MEIAX Sortino Ratio Rank: 37
MEIAX Omega Ratio Rank: 34
MEIAX Calmar Ratio Rank: 46
MEIAX Martin Ratio Rank: 43

PLDR

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

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.

MEIAX vs. PLDR - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for MFS Value Fund (MEIAX) and Putnam Sustainable Leaders ETF (PLDR). 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.

	MEIAX	PLDR	Difference
Sharpe ratio: Return per unit of total volatility	1.34	—	—
Sortino ratio: Return per unit of downside risk	1.96	—	—
Omega ratio: Gain probability vs. loss probability	1.24	—	—
Calmar ratio: Return relative to maximum drawdown	2.10	—	—
Martin ratio: Return relative to average drawdown	7.18	—	—

Drawdowns

Drawdown Indicators

	MEIAX	PLDR	Difference
Max Drawdown Largest peak-to-trough decline	-52.85%	—	—
Max Drawdown (1Y) Largest decline over 1 year	-6.78%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-13.26%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-17.72%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-36.71%	—	—
Current Drawdown Current decline from peak	-0.31%	—	—
Average Drawdown Average peak-to-trough decline	-6.52%	—	—
Ulcer Index Depth and duration of drawdowns from previous peaks	1.98%	—	—

Volatility

Volatility by Period

	MEIAX	PLDR	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.97%	—	—
Volatility (6M) Calculated over the trailing 6-month period	7.68%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	10.62%	—	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	13.90%	—	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.46%	—	—

MEIAX vs. PLDR - Expense Ratio Comparison

MEIAX has a 0.80% expense ratio, which is higher than PLDR's 0.59% expense ratio.

Dividends

MEIAX vs. PLDR - Dividend Comparison

MEIAX's dividend yield for the trailing twelve months is around 8.68%, while PLDR has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
MEIAX MFS Value Fund	8.68%	9.34%	9.10%	8.21%	7.36%	3.10%	2.42%	2.97%	3.36%	3.87%	2.84%	5.73%
PLDR Putnam Sustainable Leaders ETF	0.37%	0.37%	0.38%	0.56%	0.63%	0.39%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both MEIAX and PLDR in my portfolio?

MEIAX and PLDR have a correlation of 0.50, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.