PEQSX vs. MALVX

Last updated Aug 5, 2026

PEQSX (Putnam Large Cap Value Fund Class R6) and MALVX (BlackRock Advantage Large Cap Value Fund) are both Large Cap Value Equities funds. Over the past 10 years, PEQSX returned 14.26%/yr vs 13.01%/yr for MALVX. Their 0.96 correlation means they have historically moved very closely together. PEQSX charges 0.52%/yr vs 0.54%/yr for MALVX.

Performance

PEQSX vs. MALVX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Putnam Large Cap Value Fund Class R6 (PEQSX) 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, PEQSX achieves a 15.91% return, which is significantly lower than MALVX's 24.63% return. Over the past 10 years, PEQSX has outperformed MALVX with an annualized return of 14.26%, while MALVX has yielded a comparatively lower 13.01% annualized return.

PEQSX

• 1D: 0.69%
• 1M: 3.31%
• 6M: 10.43%
• YTD: 15.91%
• 1Y: 29.46%
• 3Y*: 20.74%
• 5Y*: 14.93%
• 10Y*: 14.26%
• ALL TIME*: 14.06%

MALVX

• 1D: 1.04%
• 1M: 3.63%
• 6M: 17.90%
• YTD: 24.63%
• 1Y: 39.48%
• 3Y*: 21.97%
• 5Y*: 13.43%
• 10Y*: 13.01%
• ALL TIME*: 9.27%

*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)
MALVX BlackRock Advantage Large Cap Value Fund	$0.00	$0.00	$0.00
PEQSX Putnam Large Cap Value Fund Class R6	$0.00	$0.00	$0.00

PEQSX vs. MALVX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
PEQSX Putnam Large Cap Value Fund Class R6	15.91%	20.49%	19.41%	15.45%	-2.74%	27.33%	6.23%	29.79%	-8.29%	19.15%
MALVX BlackRock Advantage Large Cap Value Fund	24.63%	18.38%	15.39%	13.74%	-8.68%	26.51%	3.91%	24.74%	-7.74%	15.82%

Correlation

The correlation between PEQSX and MALVX is 0.93, meaning they have usually moved in the same direction, including during past declines.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.93
Correlation (3Y) Balances recent behavior with more history.	0.94
Correlation (5Y) Shows whether the relationship held over a longer period.	0.96
Correlation (10Y) Provides a long-term view across more market conditions.	0.96
Correlation (All Time) Calculated using the full available price history since Jul 2, 2012	0.96

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

Return for Risk

PEQSX vs. MALVX — Risk / Return Rank

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

PEQSX

PEQSX Risk / Return Rank: 95
PEQSX Sharpe Ratio Rank: 97
PEQSX Sortino Ratio Rank: 96
PEQSX Omega Ratio Rank: 94
PEQSX Calmar Ratio Rank: 95
PEQSX Martin Ratio Rank: 96

MALVX

MALVX Risk / Return Rank: 98
MALVX Sharpe Ratio Rank: 99
MALVX Sortino Ratio Rank: 98
MALVX Omega Ratio Rank: 97
MALVX Calmar Ratio Rank: 98
MALVX Martin Ratio Rank: 99

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.

PEQSX vs. MALVX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Putnam Large Cap Value Fund Class R6 (PEQSX) 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.

	PEQSX	MALVX	Difference
Sharpe ratio: Return per unit of total volatility	2.83	3.67	-0.83
Sortino ratio: Return per unit of downside risk	3.97	5.06	-1.09
Omega ratio: Gain probability vs. loss probability	1.52	1.67	-0.15
Calmar ratio: Return relative to maximum drawdown	4.32	6.33	-2.01
Martin ratio: Return relative to average drawdown	17.15	29.43	-12.28

PEQSX vs. MALVX - Sharpe Ratio Comparison

The current PEQSX Sharpe Ratio is 2.83, which is comparable to the MALVX Sharpe Ratio of 3.67. The chart below compares the historical Sharpe Ratios of PEQSX 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

PEQSX vs. MALVX - Drawdown Comparison

The maximum PEQSX drawdown since its inception was -36.04%, smaller than the maximum MALVX drawdown of -55.21%. Use the drawdown chart below to compare losses from any high point for PEQSX and MALVX.

Drawdown Indicators

	PEQSX	MALVX	Difference
Max Drawdown Largest peak-to-trough decline	-36.04%	-55.21%	+19.17%
Max Drawdown (1Y) Largest decline over 1 year	-7.18%	-6.53%	-0.65%
Max Drawdown (3Y) Largest decline over 3 years	-15.01%	-16.13%	+1.12%
Max Drawdown (5Y) Largest decline over 5 years	-15.18%	-19.73%	+4.55%
Max Drawdown (10Y) Largest decline over 10 years	-36.04%	-37.12%	+1.08%
Current Drawdown Current decline from peak	0.00%	0.00%	0.00%
Average Drawdown Average peak-to-trough decline	-3.18%	-8.70%	+5.52%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.80%	1.40%	+0.40%

Volatility

PEQSX vs. MALVX - Volatility Comparison

Putnam Large Cap Value Fund Class R6 (PEQSX) and BlackRock Advantage Large Cap Value Fund (MALVX) have volatilities of 2.92% and 2.79%, 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.

Volatility by Period

	PEQSX	MALVX	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.92%	2.79%	+0.13%
Volatility (6M) Calculated over the trailing 6-month period	8.45%	8.93%	-0.48%
Volatility (1Y) Calculated over the trailing 1-year period	10.96%	11.29%	-0.33%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.49%	14.79%	-0.30%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.95%	17.26%	-0.31%

PEQSX vs. MALVX - Expense Ratio Comparison

PEQSX has a 0.52% expense ratio, which is lower than MALVX's 0.54% expense ratio.

Dividends

PEQSX vs. MALVX - Dividend Comparison

PEQSX's dividend yield for the trailing twelve months is around 4.83%, less than MALVX's 10.40% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
MALVX BlackRock Advantage Large Cap Value Fund	10.40%	9.23%	14.33%	2.84%	5.96%	17.48%	1.68%	3.92%	12.95%	0.43%	1.38%	1.01%
PEQSX Putnam Large Cap Value Fund Class R6	4.83%	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 PEQSX and MALVX in my portfolio?

With a correlation of 0.93, PEQSX 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, PEQSX or MALVX?

PEQSX has higher volatility (2.92%) compared to MALVX (2.79%). In terms of maximum drawdown, PEQSX dropped -36.04% vs MALVX's -55.21%.

Which has better risk-adjusted returns?

MALVX currently has the higher Sharpe Ratio (3.67 vs 2.83), 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.