PEMYX vs. PEQSX

Last updated Aug 4, 2026

PEMYX (Putnam Emerging Markets Equity Fund) and PEQSX (Putnam Large Cap Value Fund Class R6) are both mutual funds - PEMYX is a Emerging Markets Equities fund managed by Putnam, while PEQSX is a Large Cap Value Equities fund actively managed by Putnam. Over the past 10 years, PEMYX returned 10.89%/yr vs 14.39%/yr for PEQSX. Their 0.60 correlation means they have sometimes moved together and sometimes differently. PEMYX charges 1.08%/yr vs 0.52%/yr for PEQSX.

Performance

PEMYX vs. PEQSX - Performance Comparison

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

Returns By Period

In the year-to-date period, PEMYX achieves a 20.03% return, which is significantly higher than PEQSX's 15.12% return. Over the past 10 years, PEMYX has underperformed PEQSX with an annualized return of 10.89%, while PEQSX has yielded a comparatively higher 14.39% annualized return.

PEMYX

• 1D: 2.17%
• 1M: -1.99%
• 6M: 9.84%
• YTD: 20.03%
• 1Y: 38.28%
• 3Y*: 23.38%
• 5Y*: 7.96%
• 10Y*: 10.89%
• ALL TIME*: 7.16%

PEQSX

• 1D: -0.07%
• 1M: 2.60%
• 6M: 10.37%
• YTD: 15.12%
• 1Y: 29.95%
• 3Y*: 19.97%
• 5Y*: 14.65%
• 10Y*: 14.39%
• ALL TIME*: 14.02%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
PEMYX Putnam Emerging Markets Equity Fund	$0.00	$0.00	$0.00
PEQSX Putnam Large Cap Value Fund Class R6	$0.00	$0.00	$0.00

PEMYX vs. PEQSX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
PEMYX Putnam Emerging Markets Equity Fund	20.03%	33.48%	16.22%	12.16%	-27.42%	-3.85%	37.11%	22.70%	-17.39%	42.73%
PEQSX Putnam Large Cap Value Fund Class R6	15.12%	20.49%	19.41%	15.45%	-2.74%	27.33%	6.23%	29.79%	-8.29%	19.15%

Correlation

The correlation between PEMYX and PEQSX is 0.47, which is low. Their historical price movements had little consistent relationship.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.47
Correlation (3Y) Balances recent behavior with more history.	0.48
Correlation (5Y) Shows whether the relationship held over a longer period.	0.54
Correlation (10Y) Provides a long-term view across more market conditions.	0.57
Correlation (All Time) Calculated using the full available price history since Jul 2, 2012	0.60

The correlation between PEMYX and PEQSX shifts across timeframes, from 0.47 (1 year) to 0.60 (all time), reflecting how their relationship changes across market environments.

Return for Risk

PEMYX vs. PEQSX — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

PEMYX

PEMYX Risk / Return Rank: 60
PEMYX Sharpe Ratio Rank: 58
PEMYX Sortino Ratio Rank: 47
PEMYX Omega Ratio Rank: 62
PEMYX Calmar Ratio Rank: 74
PEMYX Martin Ratio Rank: 60

PEQSX

PEQSX Risk / Return Rank: 93
PEQSX Sharpe Ratio Rank: 95
PEQSX Sortino Ratio Rank: 92
PEQSX Omega Ratio Rank: 89
PEQSX Calmar Ratio Rank: 93
PEQSX Martin Ratio Rank: 95

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

PEMYX vs. PEQSX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Putnam Emerging Markets Equity Fund (PEMYX) 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.

	PEMYX	PEQSX	Difference
Sharpe ratio: Return per unit of total volatility	1.56	2.56	-1.00
Sortino ratio: Return per unit of downside risk	2.06	3.60	-1.54
Omega ratio: Gain probability vs. loss probability	1.30	1.47	-0.17
Calmar ratio: Return relative to maximum drawdown	2.53	3.93	-1.41
Martin ratio: Return relative to average drawdown	8.32	15.63	-7.31

PEMYX vs. PEQSX - Sharpe Ratio Comparison

The current PEMYX Sharpe Ratio is 1.56, which is lower than the PEQSX Sharpe Ratio of 2.56. The chart below compares the historical Sharpe Ratios of PEMYX 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

PEMYX vs. PEQSX - Drawdown Comparison

The maximum PEMYX drawdown since its inception was -45.25%, which is greater than PEQSX's maximum drawdown of -36.04%. Use the drawdown chart below to compare losses from any high point for PEMYX and PEQSX.

Drawdown Indicators

	PEMYX	PEQSX	Difference
Max Drawdown Largest peak-to-trough decline	-45.25%	-36.04%	-9.21%
Max Drawdown (1Y) Largest decline over 1 year	-14.46%	-7.18%	-7.28%
Max Drawdown (3Y) Largest decline over 3 years	-14.46%	-15.01%	+0.55%
Max Drawdown (5Y) Largest decline over 5 years	-40.49%	-15.18%	-25.31%
Max Drawdown (10Y) Largest decline over 10 years	-45.16%	-36.04%	-9.12%
Current Drawdown Current decline from peak	-9.25%	-0.07%	-9.18%
Average Drawdown Average peak-to-trough decline	-16.28%	-3.18%	-13.10%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.38%	1.81%	+2.57%

Volatility

PEMYX vs. PEQSX - Volatility Comparison

Putnam Emerging Markets Equity Fund (PEMYX) has a higher volatility of 10.16% compared to Putnam Large Cap Value Fund Class R6 (PEQSX) at 3.09%. This indicates that PEMYX'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.

Volatility by Period

	PEMYX	PEQSX	Difference
Volatility (1M) Calculated over the trailing 1-month period	10.16%	3.09%	+7.07%
Volatility (6M) Calculated over the trailing 6-month period	21.54%	8.43%	+13.11%
Volatility (1Y) Calculated over the trailing 1-year period	23.37%	11.05%	+12.32%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.28%	14.49%	+3.79%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.43%	16.95%	+1.48%

PEMYX vs. PEQSX - Expense Ratio Comparison

PEMYX has a 1.08% expense ratio, which is higher than PEQSX's 0.52% expense ratio.

Dividends

PEMYX vs. PEQSX - Dividend Comparison

PEMYX's dividend yield for the trailing twelve months is around 0.65%, less than PEQSX's 4.87% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
PEMYX Putnam Emerging Markets Equity Fund	0.65%	0.78%	1.85%	0.99%	0.00%	5.27%	1.78%	1.40%	2.16%	0.24%	1.18%	1.50%
PEQSX Putnam Large Cap Value Fund Class R6	4.87%	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 PEMYX and PEQSX in my portfolio?

PEMYX and PEQSX have a correlation of 0.47, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, PEMYX or PEQSX?

PEMYX has higher volatility (10.16%) compared to PEQSX (3.09%). In terms of maximum drawdown, PEMYX dropped -45.25% vs PEQSX's -36.04%.

Which has better risk-adjusted returns?

PEQSX currently has the higher Sharpe Ratio (2.56 vs 1.56), 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.