PEQSX vs. PEYAX
PEQSX (Putnam Large Cap Value Fund Class R6) and PEYAX (Putnam Large Cap Value Fund) are both Large Cap Value Equities funds from Putnam. Over the past 10 years, PEQSX returned 14.62%/yr vs 13.64%/yr for PEYAX. With a 1.00 correlation, they move nearly in lockstep. PEQSX charges 0.54%/yr vs 0.88%/yr for PEYAX.
Performance
PEQSX vs. PEYAX - Performance Comparison
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Returns By Period
The year-to-date returns for both stocks are quite close, with PEQSX having a 11.31% return and PEYAX slightly lower at 11.15%. Over the past 10 years, PEQSX has outperformed PEYAX with an annualized return of 14.62%, while PEYAX has yielded a comparatively lower 13.64% annualized return.
PEQSX
- 1D
- 0.23%
- 1M
- 2.85%
- YTD
- 11.31%
- 6M
- 10.49%
- 1Y
- 27.36%
- 3Y*
- 20.90%
- 5Y*
- 14.36%
- 10Y*
- 14.62%
PEYAX
- 1D
- 0.23%
- 1M
- 2.83%
- YTD
- 11.15%
- 6M
- 10.34%
- 1Y
- 26.97%
- 3Y*
- 20.50%
- 5Y*
- 12.71%
- 10Y*
- 13.64%
PEQSX vs. PEYAX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
PEQSX Putnam Large Cap Value Fund Class R6 | 11.31% | 20.49% | 19.41% | 15.45% | -2.74% | 27.33% | 6.23% | 29.79% | -8.29% | 19.15% |
PEYAX Putnam Large Cap Value Fund | 11.15% | 20.09% | 18.99% | 15.09% | -8.37% | 26.84% | 5.87% | 29.94% | -8.63% | 18.79% |
Correlation
The correlation between PEQSX and PEYAX is 1.00 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 1.00 |
Correlation (3Y) Calculated over the trailing 3-year period | 1.00 |
Correlation (5Y) Calculated over the trailing 5-year period | 1.00 |
Correlation (10Y) Calculated over the trailing 10-year period | 1.00 |
Correlation (All Time) Calculated using the full available price history since Jul 2, 2012 | 1.00 |
The correlation between PEQSX and PEYAX has been stable across timeframes, ranging from 1.00 to 1.00 - a consistent structural relationship.
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Return for Risk
PEQSX vs. PEYAX — Risk / Return Rank
PEQSX
PEYAX
PEQSX vs. PEYAX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Putnam Large Cap Value Fund Class R6 (PEQSX) and Putnam Large Cap Value Fund (PEYAX). 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 | PEYAX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.03 | ||
| Sortino ratioReturn per unit of downside risk | +0.04 | ||
| Omega ratioGain probability vs. loss probability | 1.47 | 1.47 | +0.01 |
| Calmar ratioReturn relative to maximum drawdown | 3.98 | 3.89 | +0.09 |
| Martin ratioReturn relative to average drawdown | 15.39 | 15.06 | +0.33 |
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Drawdowns
PEQSX vs. PEYAX - Drawdown Comparison
The maximum PEQSX drawdown since its inception was -36.04%, smaller than the maximum PEYAX drawdown of -56.92%. Use the drawdown chart below to compare losses from any high point for PEQSX and PEYAX.
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Drawdown Indicators
| PEQSX | PEYAX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -36.04% | -56.92% | +20.88% |
Max Drawdown (1Y)Largest decline over 1 year | -7.18% | -7.23% | +0.05% |
Max Drawdown (3Y)Largest decline over 3 years | -15.01% | -15.12% | +0.11% |
Max Drawdown (5Y)Largest decline over 5 years | -15.18% | -15.31% | +0.13% |
Max Drawdown (10Y)Largest decline over 10 years | -36.04% | -36.06% | +0.02% |
Current DrawdownCurrent decline from peak | -0.62% | -0.62% | 0.00% |
Average DrawdownAverage peak-to-trough decline | -3.20% | -14.04% | +10.84% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.85% | 1.86% | -0.01% |
Volatility
PEQSX vs. PEYAX - Volatility Comparison
Putnam Large Cap Value Fund Class R6 (PEQSX) and Putnam Large Cap Value Fund (PEYAX) have volatilities of 3.87% and 3.88%, 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.
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Volatility by Period
| PEQSX | PEYAX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.87% | 3.88% | -0.01% |
Volatility (6M)Calculated over the trailing 6-month period | 8.48% | 8.47% | +0.01% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.96% | 10.94% | +0.02% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.54% | 14.72% | -0.18% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.02% | 17.09% | -0.07% |
PEQSX vs. PEYAX - Expense Ratio Comparison
PEQSX has a 0.54% expense ratio, which is lower than PEYAX's 0.88% expense ratio.
Dividends
PEQSX vs. PEYAX - Dividend Comparison
PEQSX's dividend yield for the trailing twelve months is around 5.05%, more than PEYAX's 4.75% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PEQSX Putnam Large Cap Value Fund Class R6 | 5.05% | 5.69% | 7.14% | 5.26% | 7.40% | 7.40% | 6.30% | 3.66% | 6.08% | 3.56% | 2.66% | 6.31% |
PEYAX Putnam Large Cap Value Fund | 4.75% | 5.36% | 6.80% | 4.93% | 1.21% | 7.09% | 5.97% | 3.79% | 5.67% | 3.31% | 2.27% | 5.86% |
Frequently Asked Questions
With a correlation of 1.00, PEQSX and PEYAX 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.
PEYAX has higher volatility (3.88%) compared to PEQSX (3.87%). In terms of maximum drawdown, PEQSX dropped -36.04% vs PEYAX's -56.92%.
PEQSX currently has the higher Sharpe Ratio (2.61 vs 2.58), 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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