MRGAX vs. PMYYX
MRGAX (MFS Core Equity Fund) and PMYYX (Putnam Multi-Cap Core Fund) are both Large Cap Blend Equities funds. Over the past 10 years, MRGAX returned 13.72%/yr vs 15.93%/yr for PMYYX. Their 0.96 correlation means they have historically moved very closely together. MRGAX charges 0.93%/yr vs 0.71%/yr for PMYYX.
Performance
MRGAX vs. PMYYX - Performance Comparison
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Returns By Period
In the year-to-date period, MRGAX achieves a 7.31% return, which is significantly lower than PMYYX's 7.70% return. Over the past 10 years, MRGAX has underperformed PMYYX with an annualized return of 13.72%, while PMYYX has yielded a comparatively higher 15.93% annualized return.
MRGAX
- 1D
- 1.69%
- 1M
- 0.09%
- 6M
- 5.37%
- YTD
- 7.31%
- 1Y
- 14.44%
- 3Y*
- 14.94%
- 5Y*
- 9.38%
- 10Y*
- 13.72%
- ALL TIME*
- 10.09%
PMYYX
- 1D
- 1.68%
- 1M
- 0.32%
- 6M
- 6.39%
- YTD
- 7.70%
- 1Y
- 20.16%
- 3Y*
- 18.91%
- 5Y*
- 12.92%
- 10Y*
- 15.93%
- ALL TIME*
- 15.69%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
MRGAX MFS Core Equity Fund | $0.00 | $0.00 | $0.00 |
| $0.00 | $0.00 | $0.00 |
MRGAX vs. PMYYX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
MRGAX MFS Core Equity Fund | 7.31% | 12.33% | 20.01% | 22.88% | -17.24% | 25.26% | 18.56% | 34.66% | -4.12% | 23.79% |
PMYYX Putnam Multi-Cap Core Fund | 7.70% | 17.33% | 26.46% | 27.98% | -15.94% | 30.93% | 17.69% | 32.52% | -7.91% | 24.00% |
Correlation
The correlation between MRGAX and PMYYX is 0.96 - they have historically moved very closely together. At this level, their price movements offset little of one another.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.96 |
Correlation (3Y) Balances recent behavior with more history. | 0.97 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.97 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.96 |
Correlation (All Time) Calculated using the full available price history since Aug 3, 2012 | 0.96 |
The correlation between MRGAX and PMYYX has been stable across timeframes, ranging from 0.96 to 0.97 - a consistent structural relationship.
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Return for Risk
MRGAX vs. PMYYX — Risk / Return Rank
MRGAX
PMYYX
MRGAX vs. PMYYX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for MFS Core Equity Fund (MRGAX) 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.
| MRGAX | PMYYX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.44 | ||
| Sortino ratioReturn per unit of downside risk | -0.58 | ||
| Omega ratioGain probability vs. loss probability | 1.18 | 1.25 | -0.08 |
| Calmar ratioReturn relative to maximum drawdown | 1.28 | 1.80 | -0.52 |
| Martin ratioReturn relative to average drawdown | 5.17 | 7.60 | -2.43 |
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Drawdowns
MRGAX vs. PMYYX - Drawdown Comparison
The maximum MRGAX drawdown since its inception was -54.04%, which is greater than PMYYX's maximum drawdown of -35.25%. Use the drawdown chart below to compare losses from any high point for MRGAX and PMYYX.
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Drawdown Indicators
| MRGAX | PMYYX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -54.04% | -35.25% | -18.79% |
Max Drawdown (1Y)Largest decline over 1 year | -9.53% | -10.02% | +0.49% |
Max Drawdown (3Y)Largest decline over 3 years | -19.22% | -18.92% | -0.30% |
Max Drawdown (5Y)Largest decline over 5 years | -23.08% | -23.52% | +0.44% |
Max Drawdown (10Y)Largest decline over 10 years | -33.41% | -35.25% | +1.84% |
Current DrawdownCurrent decline from peak | -1.51% | -1.23% | -0.28% |
Average DrawdownAverage peak-to-trough decline | -8.23% | -4.09% | -4.14% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.37% | 2.37% | 0.00% |
Volatility
MRGAX vs. PMYYX - Volatility Comparison
The current volatility for MFS Core Equity Fund (MRGAX) is 3.27%, while Putnam Multi-Cap Core Fund (PMYYX) has a volatility of 3.71%. This indicates that MRGAX 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.
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Volatility by Period
| MRGAX | PMYYX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.27% | 3.71% | -0.44% |
Volatility (6M)Calculated over the trailing 6-month period | 9.87% | 10.07% | -0.20% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.70% | 12.87% | -0.17% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.88% | 16.88% | 0.00% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.77% | 18.37% | -0.60% |
MRGAX vs. PMYYX - Expense Ratio Comparison
MRGAX has a 0.93% expense ratio, which is higher than PMYYX's 0.71% expense ratio.
Dividends
MRGAX vs. PMYYX - Dividend Comparison
MRGAX's dividend yield for the trailing twelve months is around 12.67%, more than PMYYX's 2.57% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MRGAX MFS Core Equity Fund | 12.67% | 13.60% | 8.21% | 2.54% | 3.83% | 7.28% | 1.54% | 3.20% | 11.09% | 6.27% | 3.65% | 11.02% |
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
With a correlation of 0.96, MRGAX and PMYYX 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.
PMYYX has higher volatility (3.71%) compared to MRGAX (3.27%). In terms of maximum drawdown, MRGAX dropped -54.04% vs PMYYX's -35.25%.
PMYYX currently has the higher Sharpe Ratio (1.40 vs 0.96), 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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