PCF vs. PEQSX
PCF (High Income Securities Fund) and PEQSX (Putnam Large Cap Value Fund Class R6) are both mutual funds - PCF is a Convertible Bonds fund actively managed by Putnam, while PEQSX is a Large Cap Value Equities fund actively managed by Putnam. Both are actively managed. Over the past 10 years, PCF returned 5.49%/yr vs 14.31%/yr for PEQSX. Their 0.40 correlation means their historical movements had little consistent relationship.
Performance
PCF vs. PEQSX - Performance Comparison
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Returns By Period
In the year-to-date period, PCF achieves a -7.81% return, which is significantly lower than PEQSX's 15.20% return. Over the past 10 years, PCF has underperformed PEQSX with an annualized return of 5.49%, while PEQSX has yielded a comparatively higher 14.31% annualized return.
PCF
- 1D
- -0.38%
- 1M
- -4.01%
- 6M
- -7.56%
- YTD
- -7.81%
- 1Y
- -5.80%
- 3Y*
- 5.45%
- 5Y*
- -0.68%
- 10Y*
- 5.49%
- ALL TIME*
- 5.04%
PEQSX
- 1D
- 1.28%
- 1M
- 2.67%
- 6M
- 11.34%
- YTD
- 15.20%
- 1Y
- 30.04%
- 3Y*
- 19.92%
- 5Y*
- 14.67%
- 10Y*
- 14.31%
- ALL TIME*
- 14.02%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $275.34K | $274.09K | $326.49K | |
| $0.00 | $0.00 | $0.00 |
PCF vs. PEQSX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
PCF High Income Securities Fund | -7.81% | 5.31% | 16.66% | 10.45% | -15.56% | 11.44% | 8.13% | 4.22% | 5.46% | 14.58% |
PEQSX Putnam Large Cap Value Fund Class R6 | 15.20% | 20.49% | 19.41% | 15.45% | -2.74% | 27.33% | 6.23% | 29.79% | -8.29% | 19.15% |
Correlation
The correlation between PCF and PEQSX is 0.39, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.39 |
Correlation (3Y) Balances recent behavior with more history. | 0.39 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.41 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.37 |
Correlation (All Time) Calculated using the full available price history since Jul 2, 2012 | 0.40 |
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Return for Risk
PCF vs. PEQSX — Risk / Return Rank
PCF
PEQSX
PCF vs. PEQSX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for High Income Securities Fund (PCF) 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.
| PCF | PEQSX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -3.04 | ||
| Sortino ratioReturn per unit of downside risk | -4.21 | ||
| Omega ratioGain probability vs. loss probability | 0.92 | 1.45 | -0.54 |
| Calmar ratioReturn relative to maximum drawdown | -0.60 | 3.85 | -4.45 |
| Martin ratioReturn relative to average drawdown | -1.26 | 15.27 | -16.53 |
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Drawdowns
PCF vs. PEQSX - Drawdown Comparison
The maximum PCF drawdown since its inception was -53.82%, which is greater than PEQSX's maximum drawdown of -36.04%. Use the drawdown chart below to compare losses from any high point for PCF and PEQSX.
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Drawdown Indicators
| PCF | PEQSX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -53.82% | -36.04% | -17.78% |
Max Drawdown (1Y)Largest decline over 1 year | -10.73% | -7.18% | -3.55% |
Max Drawdown (3Y)Largest decline over 3 years | -13.74% | -15.01% | +1.27% |
Max Drawdown (5Y)Largest decline over 5 years | -29.06% | -15.18% | -13.88% |
Max Drawdown (10Y)Largest decline over 10 years | -45.13% | -36.04% | -9.09% |
Current DrawdownCurrent decline from peak | -9.67% | 0.00% | -9.67% |
Average DrawdownAverage peak-to-trough decline | -10.48% | -3.18% | -7.30% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.08% | 1.81% | +3.27% |
Volatility
PCF vs. PEQSX - Volatility Comparison
High Income Securities Fund (PCF) has a higher volatility of 3.77% compared to Putnam Large Cap Value Fund Class R6 (PEQSX) at 3.08%. This indicates that PCF's price experiences larger fluctuations and is considered to be riskier than PEQSX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PCF | PEQSX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.77% | 3.08% | +0.69% |
Volatility (6M)Calculated over the trailing 6-month period | 10.55% | 8.44% | +2.11% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.94% | 11.06% | +0.88% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.05% | 14.50% | +1.55% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.54% | 16.95% | +0.59% |
Dividends
PCF vs. PEQSX - Dividend Comparison
PCF's dividend yield for the trailing twelve months is around 13.30%, more than PEQSX's 4.86% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PCF High Income Securities Fund | 13.30% | 11.57% | 11.29% | 11.29% | 13.48% | 10.82% | 11.46% | 3.29% | 6.88% | 3.97% | 4.52% | 5.07% |
PEQSX Putnam Large Cap Value Fund Class R6 | 4.86% | 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
PCF and PEQSX have a correlation of 0.39, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
PCF has higher volatility (3.77%) compared to PEQSX (3.08%). In terms of maximum drawdown, PCF dropped -53.82% vs PEQSX's -36.04%.
PEQSX currently has the higher Sharpe Ratio (2.50 vs -0.54), 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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