PEYAX vs. DGRW
PEYAX (Putnam Large Cap Value Fund) and DGRW (WisdomTree U.S. Quality Dividend Growth Fund) are both funds - PEYAX is a Large Cap Value Equities fund managed by Putnam, while DGRW is a Dividend fund tracking the WisdomTree U.S. Quality Dividend Growth Index. Over the past 10 years, PEYAX returned 13.64%/yr vs 14.14%/yr for DGRW. Their correlation of 0.90 suggests significant overlap in exposure. PEYAX charges 0.88%/yr vs 0.28%/yr for DGRW.
Performance
PEYAX vs. DGRW - Performance Comparison
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Returns By Period
In the year-to-date period, PEYAX achieves a 11.15% return, which is significantly higher than DGRW's 6.36% return. Both investments have delivered pretty close results over the past 10 years, with PEYAX having a 13.64% annualized return and DGRW not far ahead at 14.14%.
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%
DGRW
- 1D
- -0.92%
- 1M
- -1.62%
- YTD
- 6.36%
- 6M
- 5.72%
- 1Y
- 16.86%
- 3Y*
- 15.10%
- 5Y*
- 11.78%
- 10Y*
- 14.14%
PEYAX vs. DGRW - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
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% |
DGRW WisdomTree U.S. Quality Dividend Growth Fund | 6.36% | 12.17% | 16.98% | 18.66% | -6.33% | 24.46% | 13.87% | 29.54% | -5.38% | 26.90% |
Correlation
The correlation between PEYAX and DGRW is 0.85, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.85 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.87 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.88 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.89 |
Correlation (All Time) Calculated using the full available price history since May 22, 2013 | 0.90 |
The correlation between PEYAX and DGRW has been stable across timeframes, ranging from 0.85 to 0.90 - a consistent structural relationship.
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Return for Risk
PEYAX vs. DGRW — Risk / Return Rank
PEYAX
DGRW
PEYAX vs. DGRW - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Putnam Large Cap Value Fund (PEYAX) and WisdomTree U.S. Quality Dividend Growth Fund (DGRW). 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.
| PEYAX | DGRW | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.93 | ||
| Sortino ratioReturn per unit of downside risk | +1.26 | ||
| Omega ratioGain probability vs. loss probability | 1.47 | 1.30 | +0.16 |
| Calmar ratioReturn relative to maximum drawdown | 3.89 | 2.04 | +1.85 |
| Martin ratioReturn relative to average drawdown | 15.06 | 8.67 | +6.39 |
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Drawdowns
PEYAX vs. DGRW - Drawdown Comparison
The maximum PEYAX drawdown since its inception was -56.92%, which is greater than DGRW's maximum drawdown of -32.04%. Use the drawdown chart below to compare losses from any high point for PEYAX and DGRW.
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Drawdown Indicators
| PEYAX | DGRW | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -56.92% | -32.04% | -24.88% |
Max Drawdown (1Y)Largest decline over 1 year | -7.23% | -8.30% | +1.07% |
Max Drawdown (3Y)Largest decline over 3 years | -15.12% | -16.21% | +1.09% |
Max Drawdown (5Y)Largest decline over 5 years | -15.31% | -17.27% | +1.96% |
Max Drawdown (10Y)Largest decline over 10 years | -36.06% | -32.04% | -4.02% |
Current DrawdownCurrent decline from peak | -0.62% | -3.32% | +2.70% |
Average DrawdownAverage peak-to-trough decline | -14.04% | -3.01% | -11.03% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.86% | 1.95% | -0.09% |
Volatility
PEYAX vs. DGRW - Volatility Comparison
Putnam Large Cap Value Fund (PEYAX) and WisdomTree U.S. Quality Dividend Growth Fund (DGRW) have volatilities of 3.88% and 3.75%, 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
| PEYAX | DGRW | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.88% | 3.75% | +0.13% |
Volatility (6M)Calculated over the trailing 6-month period | 8.47% | 8.26% | +0.21% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.94% | 10.30% | +0.64% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.72% | 14.01% | +0.71% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.09% | 16.21% | +0.88% |
PEYAX vs. DGRW - Expense Ratio Comparison
PEYAX has a 0.88% expense ratio, which is higher than DGRW's 0.28% expense ratio.
Dividends
PEYAX vs. DGRW - Dividend Comparison
PEYAX's dividend yield for the trailing twelve months is around 4.75%, more than DGRW's 1.30% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DGRW WisdomTree U.S. Quality Dividend Growth Fund | 1.30% | 1.43% | 1.55% | 1.74% | 2.15% | 1.78% | 1.93% | 2.20% | 2.42% | 1.71% | 2.13% | 2.18% |
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
PEYAX and DGRW have a correlation of 0.85, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
PEYAX has higher volatility (3.88%) compared to DGRW (3.75%). In terms of maximum drawdown, PEYAX dropped -56.92% vs DGRW's -32.04%.
PEYAX currently has the higher Sharpe Ratio (2.58 vs 1.65), 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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