PEIYX vs. MALVX

Last updated Jul 15, 2026

PEIYX (Putnam Large Cap Value Fund) and MALVX (BlackRock Advantage Large Cap Value Fund) are both Large Cap Value Equities funds. Over the past 10 years, PEIYX returned 13.90%/yr vs 12.74%/yr for MALVX. Their correlation of 0.94 suggests significant overlap in exposure. PEIYX charges 0.65%/yr vs 0.54%/yr for MALVX.

Performance

PEIYX vs. MALVX - Performance Comparison

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

Returns By Period

In the year-to-date period, PEIYX achieves a 12.40% return, which is significantly lower than MALVX's 20.82% return. Over the past 10 years, PEIYX has outperformed MALVX with an annualized return of 13.90%, while MALVX has yielded a comparatively lower 12.74% annualized return.

PEIYX

• 1D: -0.02%
• 1M: 1.31%
• 6M: 9.63%
• YTD: 12.40%
• 1Y: 23.95%
• 3Y*: 19.97%
• 5Y*: 14.11%
• 10Y*: 13.90%

MALVX

• 1D: 0.23%
• 1M: 2.55%
• 6M: 17.29%
• YTD: 20.82%
• 1Y: 34.61%
• 3Y*: 20.91%
• 5Y*: 12.90%
• 10Y*: 12.74%

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

PEIYX vs. MALVX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
PEIYX Putnam Large Cap Value Fund	12.40%	19.94%	19.32%	15.34%	-2.83%	27.18%	6.11%	29.69%	-8.35%	18.96%
MALVX BlackRock Advantage Large Cap Value Fund	20.82%	18.38%	15.39%	13.74%	-8.68%	26.51%	3.91%	24.74%	-7.74%	15.82%

Correlation

The correlation between PEIYX and MALVX is 0.93, 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	0.93
Correlation (3Y) Calculated over the trailing 3-year period	0.94
Correlation (5Y) Calculated over the trailing 5-year period	0.96
Correlation (10Y) Calculated over the trailing 10-year period	0.96
Correlation (All Time) Calculated using the full available price history since Dec 22, 1999	0.94

The correlation between PEIYX and MALVX has been stable across timeframes, ranging from 0.93 to 0.96 - a consistent structural relationship.

Return for Risk

PEIYX vs. MALVX — Risk / Return Rank

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

PEIYX

PEIYX Risk / Return Rank: 85
PEIYX Sharpe Ratio Rank: 85
PEIYX Sortino Ratio Rank: 83
PEIYX Omega Ratio Rank: 80
PEIYX Calmar Ratio Rank: 87
PEIYX Martin Ratio Rank: 88

MALVX

MALVX Risk / Return Rank: 96
MALVX Sharpe Ratio Rank: 98
MALVX Sortino Ratio Rank: 95
MALVX Omega Ratio Rank: 91
MALVX Calmar Ratio Rank: 97
MALVX Martin Ratio Rank: 98

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. MALVX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Putnam Large Cap Value Fund (PEIYX) and BlackRock Advantage Large Cap Value Fund (MALVX). 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.

	PEIYX	MALVX	Difference
Sharpe ratio: Return per unit of total volatility	2.22	3.11	-0.89
Sortino ratio: Return per unit of downside risk	3.14	4.33	-1.18
Omega ratio: Gain probability vs. loss probability	1.40	1.57	-0.17
Calmar ratio: Return relative to maximum drawdown	3.37	5.36	-1.99
Martin ratio: Return relative to average drawdown	12.96	24.39	-11.43

PEIYX vs. MALVX - Sharpe Ratio Comparison

The current PEIYX Sharpe Ratio is 2.22, which is comparable to the MALVX Sharpe Ratio of 3.11. The chart below compares the historical Sharpe Ratios of PEIYX and MALVX, 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

PEIYX vs. MALVX - Drawdown Comparison

The maximum PEIYX drawdown since its inception was -51.28%, smaller than the maximum MALVX drawdown of -55.21%. Use the drawdown chart below to compare losses from any high point for PEIYX and MALVX.

Drawdown Indicators

	PEIYX	MALVX	Difference
Max Drawdown Largest peak-to-trough decline	-51.28%	-55.21%	+3.93%
Max Drawdown (1Y) Largest decline over 1 year	-7.18%	-6.53%	-0.65%
Max Drawdown (3Y) Largest decline over 3 years	-15.36%	-16.13%	+0.77%
Max Drawdown (5Y) Largest decline over 5 years	-15.36%	-19.73%	+4.37%
Max Drawdown (10Y) Largest decline over 10 years	-36.05%	-37.12%	+1.07%
Current Drawdown Current decline from peak	-0.25%	0.00%	-0.25%
Average Drawdown Average peak-to-trough decline	-6.30%	-8.72%	+2.42%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.87%	1.43%	+0.44%

Volatility

PEIYX vs. MALVX - Volatility Comparison

The current volatility for Putnam Large Cap Value Fund (PEIYX) is 3.23%, while BlackRock Advantage Large Cap Value Fund (MALVX) has a volatility of 3.85%. This indicates that PEIYX experiences smaller price fluctuations and is considered to be less risky than MALVX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	PEIYX	MALVX	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.23%	3.85%	-0.62%
Volatility (6M) Calculated over the trailing 6-month period	8.41%	8.90%	-0.49%
Volatility (1Y) Calculated over the trailing 1-year period	10.94%	11.29%	-0.35%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.53%	14.81%	-0.28%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.95%	17.25%	-0.30%

PEIYX vs. MALVX - Expense Ratio Comparison

PEIYX has a 0.65% expense ratio, which is higher than MALVX's 0.54% expense ratio.

Dividends

PEIYX vs. MALVX - Dividend Comparison

PEIYX's dividend yield for the trailing twelve months is around 4.94%, less than MALVX's 7.64% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
MALVX BlackRock Advantage Large Cap Value Fund	7.64%	9.23%	14.33%	2.84%	5.96%	17.48%	1.68%	3.92%	12.95%	0.43%	1.38%	1.01%
PEIYX Putnam Large Cap Value Fund	4.94%	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 MALVX in my portfolio?

With a correlation of 0.93, PEIYX and MALVX 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 MALVX?

MALVX has higher volatility (3.85%) compared to PEIYX (3.23%). In terms of maximum drawdown, PEIYX dropped -51.28% vs MALVX's -55.21%.

Which has better risk-adjusted returns?

MALVX currently has the higher Sharpe Ratio (3.11 vs 2.22), 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.