PEQUX vs. PZRIX
Compare and contrast key facts about Putnam Focused International Equity Fund (PEQUX) and PIMCO RAE Global ex-US Fund (PZRIX).
PEQUX is managed by Putnam. It was launched on Jul 1, 1994. PZRIX is managed by PIMCO. It was launched on Jun 4, 2015.
Performance
PEQUX vs. PZRIX - Performance Comparison
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PEQUX vs. PZRIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
PEQUX Putnam Focused International Equity Fund | -1.13% | 36.14% | 3.56% | 19.05% | -18.17% | 10.46% | 10.12% | 26.66% | -12.63% | 28.08% |
PZRIX PIMCO RAE Global ex-US Fund | 9.93% | 34.05% | 3.29% | 19.31% | -9.11% | 12.08% | 1.74% | 15.94% | -14.93% | 26.00% |
Returns By Period
In the year-to-date period, PEQUX achieves a -1.13% return, which is significantly lower than PZRIX's 9.93% return. Over the past 10 years, PEQUX has underperformed PZRIX with an annualized return of 9.43%, while PZRIX has yielded a comparatively higher 10.15% annualized return.
PEQUX
- 1D
- 3.33%
- 1M
- -7.57%
- YTD
- -1.13%
- 6M
- 3.38%
- 1Y
- 27.18%
- 3Y*
- 14.71%
- 5Y*
- 7.09%
- 10Y*
- 9.43%
PZRIX
- 1D
- 1.89%
- 1M
- -4.32%
- YTD
- 9.93%
- 6M
- 17.91%
- 1Y
- 37.11%
- 3Y*
- 19.65%
- 5Y*
- 10.81%
- 10Y*
- 10.15%
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PEQUX vs. PZRIX - Expense Ratio Comparison
PEQUX has a 1.07% expense ratio, which is higher than PZRIX's 0.00% expense ratio.
Return for Risk
PEQUX vs. PZRIX — Risk / Return Rank
PEQUX
PZRIX
PEQUX vs. PZRIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Putnam Focused International Equity Fund (PEQUX) and PIMCO RAE Global ex-US Fund (PZRIX). 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.
| PEQUX | PZRIX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.68 | 2.67 | -0.99 |
Sortino ratioReturn per unit of downside risk | 2.29 | 3.39 | -1.11 |
Omega ratioGain probability vs. loss probability | 1.33 | 1.52 | -0.18 |
Calmar ratioReturn relative to maximum drawdown | 2.26 | 3.09 | -0.83 |
Martin ratioReturn relative to average drawdown | 10.40 | 14.29 | -3.89 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| PEQUX | PZRIX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.68 | 2.67 | -0.99 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.45 | 0.69 | -0.23 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.56 | 0.60 | -0.04 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.14 | 0.59 | -0.45 |
Correlation
The correlation between PEQUX and PZRIX is 0.82, 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.
Dividends
PEQUX vs. PZRIX - Dividend Comparison
PEQUX's dividend yield for the trailing twelve months is around 7.04%, more than PZRIX's 5.96% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PEQUX Putnam Focused International Equity Fund | 7.04% | 6.96% | 3.75% | 1.01% | 2.79% | 34.47% | 0.53% | 0.05% | 0.00% | 0.35% | 1.59% | 0.56% |
PZRIX PIMCO RAE Global ex-US Fund | 5.96% | 6.56% | 6.70% | 9.19% | 8.80% | 11.99% | 2.04% | 6.32% | 2.80% | 4.13% | 2.58% | 0.00% |
Drawdowns
PEQUX vs. PZRIX - Drawdown Comparison
The maximum PEQUX drawdown since its inception was -83.68%, which is greater than PZRIX's maximum drawdown of -43.53%. Use the drawdown chart below to compare losses from any high point for PEQUX and PZRIX.
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Drawdown Indicators
| PEQUX | PZRIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -83.68% | -43.53% | -40.15% |
Max Drawdown (1Y)Largest decline over 1 year | -11.80% | -10.68% | -1.12% |
Max Drawdown (5Y)Largest decline over 5 years | -33.42% | -30.85% | -2.57% |
Max Drawdown (10Y)Largest decline over 10 years | -35.75% | -43.53% | +7.78% |
Current DrawdownCurrent decline from peak | -8.86% | -5.20% | -3.66% |
Average DrawdownAverage peak-to-trough decline | -34.09% | -9.00% | -25.09% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.57% | 2.45% | +0.12% |
Volatility
PEQUX vs. PZRIX - Volatility Comparison
Putnam Focused International Equity Fund (PEQUX) has a higher volatility of 8.18% compared to PIMCO RAE Global ex-US Fund (PZRIX) at 5.45%. This indicates that PEQUX's price experiences larger fluctuations and is considered to be riskier than PZRIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PEQUX | PZRIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.18% | 5.45% | +2.73% |
Volatility (6M)Calculated over the trailing 6-month period | 11.91% | 8.92% | +2.99% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.43% | 14.17% | +2.26% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.76% | 15.85% | -0.09% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.90% | 17.02% | -0.12% |