PEIYX vs. PFLRX
PEIYX (Putnam Large Cap Value Fund) and PFLRX (Putnam Floating Rate Income Fund) are both mutual funds - PEIYX is a Large Cap Value Equities fund managed by Putnam, while PFLRX is a Bank Loan fund managed by Putnam. Over the past 10 years, PEIYX returned 14.46%/yr vs 3.72%/yr for PFLRX. At a 0.19 correlation, their price movements are largely independent. PEIYX charges 0.65%/yr vs 1.03%/yr for PFLRX.
Performance
PEIYX vs. PFLRX - Performance Comparison
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Returns By Period
Over the past 10 years, PEIYX has outperformed PFLRX with an annualized return of 14.46%, while PFLRX has yielded a comparatively lower 3.72% annualized return.
PEIYX
- 1D
- 0.23%
- 1M
- 2.86%
- YTD
- 11.27%
- 6M
- 10.46%
- 1Y
- 27.29%
- 3Y*
- 20.66%
- 5Y*
- 14.18%
- 10Y*
- 14.46%
PFLRX
- 1D
- 0.00%
- 1M
- 0.43%
- YTD
- -0.00%
- 6M
- 0.44%
- 1Y
- 3.28%
- 3Y*
- 5.63%
- 5Y*
- 4.03%
- 10Y*
- 3.72%
PEIYX vs. PFLRX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
PEIYX Putnam Large Cap Value Fund | 11.27% | 19.94% | 19.32% | 15.34% | -2.83% | 27.18% | 6.11% | 29.69% | -8.35% | 18.96% |
PFLRX Putnam Floating Rate Income Fund | -0.00% | 4.74% | 6.34% | 11.01% | -2.78% | 3.04% | 0.69% | 8.14% | -0.66% | 3.28% |
Correlation
The correlation between PEIYX and PFLRX is 0.33, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.33 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.35 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.33 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.27 |
Correlation (All Time) Calculated using the full available price history since Aug 5, 2004 | 0.19 |
The correlation between PEIYX and PFLRX shifts across timeframes, from 0.19 (all time) to 0.35 (3 years), reflecting how their relationship changes across market environments.
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Return for Risk
PEIYX vs. PFLRX — Risk / Return Rank
PEIYX
PFLRX
PEIYX vs. PFLRX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Putnam Large Cap Value Fund (PEIYX) and Putnam Floating Rate Income Fund (PFLRX). 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 | PFLRX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.21 | ||
| Sortino ratioReturn per unit of downside risk | +1.03 | ||
| Omega ratioGain probability vs. loss probability | 1.47 | 1.38 | +0.09 |
| Calmar ratioReturn relative to maximum drawdown | 3.96 | 1.66 | +2.30 |
| Martin ratioReturn relative to average drawdown | 15.31 | 4.45 | +10.86 |
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Drawdowns
PEIYX vs. PFLRX - Drawdown Comparison
The maximum PEIYX drawdown since its inception was -51.28%, which is greater than PFLRX's maximum drawdown of -32.89%. Use the drawdown chart below to compare losses from any high point for PEIYX and PFLRX.
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Drawdown Indicators
| PEIYX | PFLRX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -51.28% | -32.89% | -18.39% |
Max Drawdown (1Y)Largest decline over 1 year | -7.18% | -1.98% | -5.20% |
Max Drawdown (3Y)Largest decline over 3 years | -15.36% | -3.01% | -12.35% |
Max Drawdown (5Y)Largest decline over 5 years | -15.36% | -6.95% | -8.41% |
Max Drawdown (10Y)Largest decline over 10 years | -36.05% | -20.74% | -15.31% |
Current DrawdownCurrent decline from peak | -0.64% | -0.39% | -0.25% |
Average DrawdownAverage peak-to-trough decline | -6.31% | -1.74% | -4.57% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.85% | 0.74% | +1.11% |
Volatility
PEIYX vs. PFLRX - Volatility Comparison
Putnam Large Cap Value Fund (PEIYX) has a higher volatility of 3.88% compared to Putnam Floating Rate Income Fund (PFLRX) at 0.67%. This indicates that PEIYX's price experiences larger fluctuations and is considered to be riskier than PFLRX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PEIYX | PFLRX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.88% | 0.67% | +3.21% |
Volatility (6M)Calculated over the trailing 6-month period | 8.46% | 1.62% | +6.84% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.94% | 2.36% | +8.58% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.55% | 2.83% | +11.72% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.03% | 4.01% | +13.02% |
PEIYX vs. PFLRX - Expense Ratio Comparison
PEIYX has a 0.65% expense ratio, which is lower than PFLRX's 1.03% expense ratio.
Dividends
PEIYX vs. PFLRX - Dividend Comparison
PEIYX's dividend yield for the trailing twelve months is around 4.99%, less than PFLRX's 6.30% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PEIYX Putnam Large Cap Value Fund | 4.99% | 5.29% | 7.06% | 5.17% | 7.31% | 7.32% | 6.20% | 3.59% | 5.96% | 3.44% | 2.51% | 6.14% |
PFLRX Putnam Floating Rate Income Fund | 6.30% | 6.69% | 6.25% | 7.27% | 3.48% | 2.63% | 3.10% | 4.56% | 4.54% | 3.69% | 3.71% | 4.45% |
Frequently Asked Questions
PEIYX and PFLRX have a correlation of 0.33, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
PEIYX has higher volatility (3.88%) compared to PFLRX (0.67%). In terms of maximum drawdown, PEIYX dropped -51.28% vs PFLRX's -32.89%.
PEIYX currently has the higher Sharpe Ratio (2.60 vs 1.39), 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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