PEQUX vs. SPY
Compare and contrast key facts about Putnam Focused International Equity Fund (PEQUX) and State Street SPDR S&P 500 ETF (SPY).
PEQUX is managed by Putnam. It was launched on Jul 1, 1994. SPY is a passively managed fund by State Street that tracks the performance of the S&P 500 Index. It was launched on Jan 22, 1993.
Performance
PEQUX vs. SPY - Performance Comparison
Loading graphics...
PEQUX vs. SPY - 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% |
SPY State Street SPDR S&P 500 ETF | -3.65% | 17.72% | 24.89% | 26.18% | -18.18% | 28.73% | 18.33% | 31.22% | -4.57% | 21.71% |
Returns By Period
In the year-to-date period, PEQUX achieves a -1.13% return, which is significantly higher than SPY's -3.65% return. Over the past 10 years, PEQUX has underperformed SPY with an annualized return of 9.43%, while SPY has yielded a comparatively higher 14.06% 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%
SPY
- 1D
- 0.75%
- 1M
- -4.28%
- YTD
- -3.65%
- 6M
- -1.42%
- 1Y
- 18.14%
- 3Y*
- 18.48%
- 5Y*
- 11.86%
- 10Y*
- 14.06%
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
PEQUX vs. SPY - Expense Ratio Comparison
PEQUX has a 1.07% expense ratio, which is higher than SPY's 0.09% expense ratio.
Return for Risk
PEQUX vs. SPY — Risk / Return Rank
PEQUX
SPY
PEQUX vs. SPY - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Putnam Focused International Equity Fund (PEQUX) and State Street SPDR S&P 500 ETF (SPY). 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 | SPY | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.68 | 0.96 | +0.73 |
Sortino ratioReturn per unit of downside risk | 2.29 | 1.49 | +0.80 |
Omega ratioGain probability vs. loss probability | 1.33 | 1.23 | +0.10 |
Calmar ratioReturn relative to maximum drawdown | 2.26 | 1.53 | +0.73 |
Martin ratioReturn relative to average drawdown | 10.40 | 7.27 | +3.13 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading graphics...
Sharpe Ratios by Period
| PEQUX | SPY | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.68 | 0.96 | +0.73 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.45 | 0.70 | -0.25 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.56 | 0.79 | -0.23 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.14 | 0.56 | -0.42 |
Correlation
The correlation between PEQUX and SPY 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. SPY - Dividend Comparison
PEQUX's dividend yield for the trailing twelve months is around 7.04%, more than SPY's 1.13% 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% |
SPY State Street SPDR S&P 500 ETF | 1.13% | 1.07% | 1.21% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% |
Drawdowns
PEQUX vs. SPY - Drawdown Comparison
The maximum PEQUX drawdown since its inception was -83.68%, which is greater than SPY's maximum drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for PEQUX and SPY.
Loading graphics...
Drawdown Indicators
| PEQUX | SPY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -83.68% | -55.19% | -28.49% |
Max Drawdown (1Y)Largest decline over 1 year | -11.80% | -12.05% | +0.25% |
Max Drawdown (5Y)Largest decline over 5 years | -33.42% | -24.50% | -8.92% |
Max Drawdown (10Y)Largest decline over 10 years | -35.75% | -33.72% | -2.03% |
Current DrawdownCurrent decline from peak | -8.86% | -5.53% | -3.33% |
Average DrawdownAverage peak-to-trough decline | -34.09% | -9.09% | -25.00% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.57% | 2.54% | +0.03% |
Volatility
PEQUX vs. SPY - Volatility Comparison
Putnam Focused International Equity Fund (PEQUX) has a higher volatility of 8.18% compared to State Street SPDR S&P 500 ETF (SPY) at 5.35%. This indicates that PEQUX's price experiences larger fluctuations and is considered to be riskier than SPY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading graphics...
Volatility by Period
| PEQUX | SPY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.18% | 5.35% | +2.83% |
Volatility (6M)Calculated over the trailing 6-month period | 11.91% | 9.50% | +2.41% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.43% | 19.06% | -2.63% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.76% | 17.06% | -1.30% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.90% | 17.92% | -1.02% |