PEYAX vs. HOVLX
Compare and contrast key facts about Putnam Large Cap Value Fund (PEYAX) and Homestead Funds Value Fund (HOVLX).
PEYAX is managed by Putnam. It was launched on Jun 15, 1977. HOVLX is managed by Homestead. It was launched on Nov 19, 1990.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: PEYAX or HOVLX.
Correlation
The correlation between PEYAX and HOVLX is 0.89, 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.
Performance
PEYAX vs. HOVLX - Performance Comparison
Key characteristics
PEYAX:
0.07
HOVLX:
-0.31
PEYAX:
0.21
HOVLX:
-0.29
PEYAX:
1.03
HOVLX:
0.96
PEYAX:
0.06
HOVLX:
-0.27
PEYAX:
0.19
HOVLX:
-0.82
PEYAX:
6.35%
HOVLX:
6.75%
PEYAX:
16.48%
HOVLX:
18.14%
PEYAX:
-50.78%
HOVLX:
-57.48%
PEYAX:
-12.93%
HOVLX:
-14.64%
Returns By Period
In the year-to-date period, PEYAX achieves a -1.91% return, which is significantly higher than HOVLX's -3.45% return. Over the past 10 years, PEYAX has outperformed HOVLX with an annualized return of 6.20%, while HOVLX has yielded a comparatively lower 0.93% annualized return.
PEYAX
-1.91%
-5.02%
-9.41%
0.04%
11.05%
6.20%
HOVLX
-3.45%
-6.20%
-10.64%
-6.44%
4.44%
0.93%
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PEYAX vs. HOVLX - Expense Ratio Comparison
PEYAX has a 0.88% expense ratio, which is higher than HOVLX's 0.63% expense ratio.
Risk-Adjusted Performance
PEYAX vs. HOVLX — Risk-Adjusted Performance Rank
PEYAX
HOVLX
PEYAX vs. HOVLX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Putnam Large Cap Value Fund (PEYAX) and Homestead Funds Value Fund (HOVLX). 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.
Dividends
PEYAX vs. HOVLX - Dividend Comparison
PEYAX's dividend yield for the trailing twelve months is around 1.22%, less than HOVLX's 1.33% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PEYAX Putnam Large Cap Value Fund | 1.22% | 1.14% | 1.43% | 1.88% | 1.16% | 1.50% | 1.35% | 1.85% | 1.55% | 1.42% | 1.48% | 9.81% |
HOVLX Homestead Funds Value Fund | 1.33% | 1.29% | 1.49% | 1.48% | 1.19% | 1.39% | 1.60% | 1.94% | 1.80% | 2.31% | 2.02% | 1.54% |
Drawdowns
PEYAX vs. HOVLX - Drawdown Comparison
The maximum PEYAX drawdown since its inception was -50.78%, smaller than the maximum HOVLX drawdown of -57.48%. Use the drawdown chart below to compare losses from any high point for PEYAX and HOVLX. For additional features, visit the drawdowns tool.
Volatility
PEYAX vs. HOVLX - Volatility Comparison
The current volatility for Putnam Large Cap Value Fund (PEYAX) is 11.54%, while Homestead Funds Value Fund (HOVLX) has a volatility of 12.61%. This indicates that PEYAX experiences smaller price fluctuations and is considered to be less risky than HOVLX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.