PENNX vs. PNSAX
Compare and contrast key facts about Royce Pennsylvania Mutual Fund (PENNX) and Putnam Small Cap Growth Fund (PNSAX).
PENNX is managed by Royce Investment Partners. It was launched on Oct 31, 1972. PNSAX is managed by Putnam. It was launched on Dec 31, 1997.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: PENNX or PNSAX.
Key characteristics
| PENNX | PNSAX | |
|---|---|---|
| YTD Return | 7.30% | 23.93% |
| 1Y Return | 19.30% | 34.77% |
| 3Y Return (Ann) | 6.10% | 3.58% |
| 5Y Return (Ann) | 10.88% | 14.17% |
| 10Y Return (Ann) | 8.90% | 12.71% |
| Sharpe Ratio | 1.02 | 1.72 |
| Daily Std Dev | 18.72% | 19.47% |
| Max Drawdown | -57.02% | -61.15% |
| Current Drawdown | -5.11% | -3.39% |
Correlation
The correlation between PENNX and PNSAX is 0.92, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
PENNX vs. PNSAX - Performance Comparison
In the year-to-date period, PENNX achieves a 7.30% return, which is significantly lower than PNSAX's 23.93% return. Over the past 10 years, PENNX has underperformed PNSAX with an annualized return of 8.90%, while PNSAX has yielded a comparatively higher 12.71% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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PENNX vs. PNSAX - Expense Ratio Comparison
PENNX has a 0.92% expense ratio, which is lower than PNSAX's 1.23% expense ratio.
Risk-Adjusted Performance
PENNX vs. PNSAX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Royce Pennsylvania Mutual Fund (PENNX) and Putnam Small Cap Growth Fund (PNSAX). 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.
Dividends
PENNX vs. PNSAX - Dividend Comparison
PENNX's dividend yield for the trailing twelve months is around 4.57%, while PNSAX has not paid dividends to shareholders.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PENNX Royce Pennsylvania Mutual Fund | 4.57% | 4.91% | 5.19% | 28.20% | 5.05% | 3.85% | 23.68% | 21.27% | 7.15% | 23.31% | 12.18% | 5.38% |
PNSAX Putnam Small Cap Growth Fund | 0.00% | 0.00% | 0.00% | 15.27% | 4.87% | 1.93% | 1.88% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
PENNX vs. PNSAX - Drawdown Comparison
The maximum PENNX drawdown since its inception was -57.02%, smaller than the maximum PNSAX drawdown of -61.15%. Use the drawdown chart below to compare losses from any high point for PENNX and PNSAX. For additional features, visit the drawdowns tool.
Volatility
PENNX vs. PNSAX - Volatility Comparison
Royce Pennsylvania Mutual Fund (PENNX) and Putnam Small Cap Growth Fund (PNSAX) have volatilities of 6.06% and 5.80%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.