MVCKX vs. PEQSX

Last updated Jun 24, 2026

MVCKX (MFS Mid Cap Value Fund Class R6) and PEQSX (Putnam Large Cap Value Fund Class R6) are both mutual funds - MVCKX is a Mid Cap Value Equities fund actively managed by MFS, while PEQSX is a Large Cap Value Equities fund managed by Putnam. Over the past 10 years, MVCKX returned 10.06%/yr vs 14.62%/yr for PEQSX. Their correlation of 0.94 suggests significant overlap in exposure. MVCKX charges 0.62%/yr vs 0.54%/yr for PEQSX.

Performance

MVCKX vs. PEQSX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in MFS Mid Cap Value Fund Class R6 (MVCKX) and Putnam Large Cap Value Fund Class R6 (PEQSX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

The year-to-date returns for both investments are quite close, with MVCKX having a 11.10% return and PEQSX slightly higher at 11.31%. Over the past 10 years, MVCKX has underperformed PEQSX with an annualized return of 10.06%, while PEQSX has yielded a comparatively higher 14.62% annualized return.

MVCKX

• 1D: 0.64%
• 1M: 3.18%
• YTD: 11.10%
• 6M: 9.87%
• 1Y: 19.08%
• 3Y*: 11.89%
• 5Y*: 7.62%
• 10Y*: 10.06%

PEQSX

• 1D: 0.23%
• 1M: 2.85%
• YTD: 11.31%
• 6M: 10.49%
• 1Y: 27.36%
• 3Y*: 20.90%
• 5Y*: 14.36%
• 10Y*: 14.62%

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

MVCKX vs. PEQSX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
MVCKX MFS Mid Cap Value Fund Class R6	11.10%	6.47%	6.80%	12.92%	-8.62%	30.93%	4.40%	31.11%	-11.35%	13.83%
PEQSX Putnam Large Cap Value Fund Class R6	11.31%	20.49%	19.41%	15.45%	-2.74%	27.33%	6.23%	29.79%	-8.29%	19.15%

Correlation

The correlation between MVCKX and PEQSX is 0.90, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.90
Correlation (3Y) Calculated over the trailing 3-year period	0.91
Correlation (5Y) Calculated over the trailing 5-year period	0.94
Correlation (10Y) Calculated over the trailing 10-year period	0.94
Correlation (All Time) Calculated using the full available price history since Jan 2, 2014	0.94

The correlation between MVCKX and PEQSX has been stable across timeframes, ranging from 0.90 to 0.94 - a consistent structural relationship.

Return for Risk

MVCKX vs. PEQSX — Risk / Return Rank

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

MVCKX

MVCKX Risk / Return Rank: 33
MVCKX Sharpe Ratio Rank: 31
MVCKX Sortino Ratio Rank: 33
MVCKX Omega Ratio Rank: 29
MVCKX Calmar Ratio Rank: 36
MVCKX Martin Ratio Rank: 36

PEQSX

PEQSX Risk / Return Rank: 85
PEQSX Sharpe Ratio Rank: 86
PEQSX Sortino Ratio Rank: 84
PEQSX Omega Ratio Rank: 79
PEQSX Calmar Ratio Rank: 87
PEQSX Martin Ratio Rank: 87

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.

MVCKX vs. PEQSX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for MFS Mid Cap Value Fund Class R6 (MVCKX) and Putnam Large Cap Value Fund Class R6 (PEQSX). 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.

	MVCKX	PEQSX	Difference
Sharpe ratio: Return per unit of total volatility	1.49	2.61	-1.12
Sortino ratio: Return per unit of downside risk	2.22	3.66	-1.44
Omega ratio: Gain probability vs. loss probability	1.26	1.47	-0.21
Calmar ratio: Return relative to maximum drawdown	2.17	3.98	-1.81
Martin ratio: Return relative to average drawdown	7.44	15.39	-7.95

MVCKX vs. PEQSX - Sharpe Ratio Comparison

The current MVCKX Sharpe Ratio is 1.49, which is lower than the PEQSX Sharpe Ratio of 2.61. The chart below compares the historical Sharpe Ratios of MVCKX and PEQSX, 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

MVCKX vs. PEQSX - Drawdown Comparison

The maximum MVCKX drawdown since its inception was -42.75%, which is greater than PEQSX's maximum drawdown of -36.04%. Use the drawdown chart below to compare losses from any high point for MVCKX and PEQSX.

Drawdown Indicators

	MVCKX	PEQSX	Difference
Max Drawdown Largest peak-to-trough decline	-42.75%	-36.04%	-6.71%
Max Drawdown (1Y) Largest decline over 1 year	-9.36%	-7.18%	-2.18%
Max Drawdown (3Y) Largest decline over 3 years	-25.96%	-15.01%	-10.95%
Max Drawdown (5Y) Largest decline over 5 years	-25.96%	-15.18%	-10.78%
Max Drawdown (10Y) Largest decline over 10 years	-42.75%	-36.04%	-6.71%
Current Drawdown Current decline from peak	-0.43%	-0.62%	+0.19%
Average Drawdown Average peak-to-trough decline	-5.25%	-3.20%	-2.05%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.72%	1.85%	+0.87%

Volatility

MVCKX vs. PEQSX - Volatility Comparison

MFS Mid Cap Value Fund Class R6 (MVCKX) and Putnam Large Cap Value Fund Class R6 (PEQSX) have volatilities of 3.75% and 3.87%, 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

	MVCKX	PEQSX	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.75%	3.87%	-0.12%
Volatility (6M) Calculated over the trailing 6-month period	9.90%	8.48%	+1.42%
Volatility (1Y) Calculated over the trailing 1-year period	13.62%	10.96%	+2.66%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.53%	14.54%	+2.99%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.42%	17.02%	+2.40%

MVCKX vs. PEQSX - Expense Ratio Comparison

MVCKX has a 0.62% expense ratio, which is higher than PEQSX's 0.54% expense ratio.

Dividends

MVCKX vs. PEQSX - Dividend Comparison

MVCKX's dividend yield for the trailing twelve months is around 7.44%, more than PEQSX's 5.05% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
MVCKX MFS Mid Cap Value Fund Class R6	7.44%	8.27%	3.87%	3.00%	5.44%	5.88%	1.12%	2.32%	6.65%	3.68%	0.06%	4.87%
PEQSX Putnam Large Cap Value Fund Class R6	5.05%	5.69%	7.14%	5.26%	7.40%	7.40%	6.30%	3.66%	6.08%	3.56%	2.66%	6.31%

Frequently Asked Questions

Can I hold both MVCKX and PEQSX in my portfolio?

With a correlation of 0.90, MVCKX and PEQSX 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, MVCKX or PEQSX?

PEQSX has higher volatility (3.87%) compared to MVCKX (3.75%). In terms of maximum drawdown, MVCKX dropped -42.75% vs PEQSX's -36.04%.

Which has better risk-adjusted returns?

PEQSX currently has the higher Sharpe Ratio (2.61 vs 1.49), 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.