PEIYX vs. JAVA

Last updated Jun 5, 2026

PEIYX (Putnam Large Cap Value Fund) and JAVA (JPMorgan Active Value ETF) are both Large Cap Value Equities funds. Over the past 3 years, PEIYX returned 20.76%/yr vs 16.85%/yr for JAVA. With a 0.96 correlation, they move nearly in lockstep. PEIYX charges 0.65%/yr vs 0.44%/yr for JAVA.

Performance

PEIYX vs. JAVA - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Putnam Large Cap Value Fund (PEIYX) and JPMorgan Active Value ETF (JAVA). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

The year-to-date returns for both stocks are quite close, with PEIYX having a 9.66% return and JAVA slightly lower at 9.58%.

PEIYX

• 1D: -0.30%
• 1M: 2.90%
• YTD: 9.66%
• 6M: 11.79%
• 1Y: 27.42%
• 3Y*: 20.76%
• 5Y*: 13.29%
• 10Y*: 13.96%

JAVA

• 1D: 0.99%
• 1M: 3.08%
• YTD: 9.58%
• 6M: 10.30%
• 1Y: 25.44%
• 3Y*: 16.85%
• 5Y*: —
• 10Y*: —

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

PEIYX vs. JAVA - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
PEIYX Putnam Large Cap Value Fund	9.66%	19.94%	19.32%	15.34%	-2.83%	5.59%
JAVA JPMorgan Active Value ETF	9.58%	14.92%	15.52%	10.46%	-0.88%	5.23%

Correlation

The correlation between PEIYX and JAVA is 0.95, 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	0.95
Correlation (3Y) Calculated over the trailing 3-year period	0.95
Correlation (All Time) Calculated using the full available price history since Oct 6, 2021	0.96

The correlation between PEIYX and JAVA has been stable across timeframes, ranging from 0.95 to 0.96 - a consistent structural relationship.

Return for Risk

PEIYX vs. JAVA — Risk / Return Rank

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

PEIYX

PEIYX Risk / Return Rank: 77
PEIYX Sharpe Ratio Rank: 78
PEIYX Sortino Ratio Rank: 76
PEIYX Omega Ratio Rank: 70
PEIYX Calmar Ratio Rank: 82
PEIYX Martin Ratio Rank: 79

JAVA

JAVA Risk / Return Rank: 68
JAVA Sharpe Ratio Rank: 71
JAVA Sortino Ratio Rank: 73
JAVA Omega Ratio Rank: 69
JAVA Calmar Ratio Rank: 63
JAVA Martin Ratio Rank: 64

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.

PEIYX vs. JAVA - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Putnam Large Cap Value Fund (PEIYX) and JPMorgan Active Value ETF (JAVA). 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.

	PEIYX	JAVA	Difference
Sharpe ratio: Return per unit of total volatility	2.59	2.28	+0.31
Sortino ratio: Return per unit of downside risk	3.68	3.24	+0.44
Omega ratio: Gain probability vs. loss probability	1.47	1.40	+0.06
Calmar ratio: Return relative to maximum drawdown	3.77	3.08	+0.69
Martin ratio: Return relative to average drawdown	14.71	11.37	+3.34
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

PEIYX vs. JAVA - Sharpe Ratio Comparison

The current PEIYX Sharpe Ratio is 2.59, which is comparable to the JAVA Sharpe Ratio of 2.28. The chart below compares the historical Sharpe Ratios of PEIYX and JAVA, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	PEIYX	JAVA	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.59	2.28	+0.31
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.92	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.82	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.53	0.80	-0.26

Drawdowns

PEIYX vs. JAVA - Drawdown Comparison

The maximum PEIYX drawdown since its inception was -51.28%, which is greater than JAVA's maximum drawdown of -16.54%. Use the drawdown chart below to compare losses from any high point for PEIYX and JAVA.

Drawdown Indicators

	PEIYX	JAVA	Difference
Max Drawdown Largest peak-to-trough decline	-51.28%	-16.54%	-34.74%
Max Drawdown (1Y) Largest decline over 1 year	-7.18%	-8.29%	+1.11%
Max Drawdown (3Y) Largest decline over 3 years	-15.36%	-16.54%	+1.18%
Max Drawdown (5Y) Largest decline over 5 years	-15.36%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-36.05%	—	—
Current Drawdown Current decline from peak	-0.30%	0.00%	-0.30%
Average Drawdown Average peak-to-trough decline	-6.32%	-3.63%	-2.69%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.84%	2.24%	-0.40%

Volatility

PEIYX vs. JAVA - Volatility Comparison

The current volatility for Putnam Large Cap Value Fund (PEIYX) is 2.45%, while JPMorgan Active Value ETF (JAVA) has a volatility of 2.70%. This indicates that PEIYX experiences smaller price fluctuations and is considered to be less risky than JAVA based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	PEIYX	JAVA	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.45%	2.70%	-0.25%
Volatility (6M) Calculated over the trailing 6-month period	7.95%	8.45%	-0.50%
Volatility (1Y) Calculated over the trailing 1-year period	10.48%	11.20%	-0.72%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.51%	14.80%	-0.29%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.00%	14.80%	+2.20%

PEIYX vs. JAVA - Expense Ratio Comparison

PEIYX has a 0.65% expense ratio, which is higher than JAVA's 0.44% expense ratio.

Dividends

PEIYX vs. JAVA - Dividend Comparison

PEIYX's dividend yield for the trailing twelve months is around 5.06%, more than JAVA's 1.24% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
JAVA JPMorgan Active Value ETF	1.24%	1.34%	1.45%	1.65%	1.25%	0.48%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
PEIYX Putnam Large Cap Value Fund	5.06%	5.29%	7.06%	5.17%	7.31%	7.32%	6.20%	3.59%	5.96%	3.44%	2.51%	6.14%

Frequently Asked Questions

Can I hold both PEIYX and JAVA in my portfolio?

With a correlation of 0.95, PEIYX and JAVA 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, PEIYX or JAVA?

JAVA has higher volatility (2.70%) compared to PEIYX (2.45%). In terms of maximum drawdown, PEIYX dropped -51.28% vs JAVA's -16.54%.

Which has better risk-adjusted returns?

PEIYX currently has the higher Sharpe Ratio (2.59 vs 2.28), 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.