PEYAX vs. NVDA

Last updated Jun 16, 2026

PEYAX (Putnam Large Cap Value Fund) is Large Cap Value Equities fund managed by Putnam, while NVDA (NVIDIA Corporation) is a stock. Over the past 10 years, PEYAX returned 13.44%/yr vs 68.59%/yr for NVDA. At a 0.44 correlation, their price movements are largely independent.

Performance

PEYAX vs. NVDA - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Putnam Large Cap Value Fund (PEYAX) and NVIDIA Corporation (NVDA). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, PEYAX achieves a 10.82% return, which is significantly lower than NVDA's 14.05% return. Over the past 10 years, PEYAX has underperformed NVDA with an annualized return of 13.44%, while NVDA has yielded a comparatively higher 68.59% annualized return.

PEYAX

• 1D: 0.88%
• 1M: 3.88%
• YTD: 10.82%
• 6M: 10.92%
• 1Y: 27.36%
• 3Y*: 20.10%
• 5Y*: 12.17%
• 10Y*: 13.44%

NVDA

• 1D: 3.54%
• 1M: -5.60%
• YTD: 14.05%
• 6M: 20.66%
• 1Y: 49.84%
• 3Y*: 70.84%
• 5Y*: 64.29%
• 10Y*: 68.59%

*Multi-year figures are annualized to reflect compound growth (CAGR)

PEYAX vs. NVDA - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
PEYAX Putnam Large Cap Value Fund	10.82%	20.09%	18.99%	15.09%	-8.37%	26.84%	5.87%	29.94%	-8.63%	18.79%
NVDA NVIDIA Corporation	14.05%	38.92%	171.25%	239.02%	-50.26%	125.48%	122.30%	76.94%	-30.82%	81.99%

Correlation

The correlation between PEYAX and NVDA is 0.20, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.20
Correlation (3Y) Calculated over the trailing 3-year period	0.28
Correlation (5Y) Calculated over the trailing 5-year period	0.42
Correlation (10Y) Calculated over the trailing 10-year period	0.44
Correlation (All Time) Calculated using the full available price history since Jan 22, 1999	0.44

Over the past year, the correlation between PEYAX and NVDA has dropped to 0.20 - well below their long-term average of 0.44, suggesting their price drivers have been diverging.

Return for Risk

PEYAX vs. NVDA — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

PEYAX

PEYAX Risk / Return Rank: 83
PEYAX Sharpe Ratio Rank: 84
PEYAX Sortino Ratio Rank: 82
PEYAX Omega Ratio Rank: 78
PEYAX Calmar Ratio Rank: 86
PEYAX Martin Ratio Rank: 86

NVDA

NVDA Risk / Return Rank: 78
NVDA Sharpe Ratio Rank: 81
NVDA Sortino Ratio Rank: 77
NVDA Omega Ratio Rank: 74
NVDA Calmar Ratio Rank: 80
NVDA Martin Ratio Rank: 79

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

PEYAX vs. NVDA - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Putnam Large Cap Value Fund (PEYAX) and NVIDIA Corporation (NVDA). 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	NVDA	Difference
Sharpe ratio: Return per unit of total volatility	2.42	1.43	+1.00
Sortino ratio: Return per unit of downside risk	3.43	2.00	+1.42
Omega ratio: Gain probability vs. loss probability	1.44	1.24	+0.19
Calmar ratio: Return relative to maximum drawdown	3.66	2.48	+1.18
Martin ratio: Return relative to average drawdown	14.17	5.89	+8.28

PEYAX vs. NVDA - Sharpe Ratio Comparison

The current PEYAX Sharpe Ratio is 2.42, which is higher than the NVDA Sharpe Ratio of 1.43. The chart below compares the historical Sharpe Ratios of PEYAX and NVDA, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

PEYAX vs. NVDA - Drawdown Comparison

The maximum PEYAX drawdown since its inception was -56.92%, smaller than the maximum NVDA drawdown of -89.72%. Use the drawdown chart below to compare losses from any high point for PEYAX and NVDA.

Drawdown Indicators

	PEYAX	NVDA	Difference
Max Drawdown Largest peak-to-trough decline	-56.92%	-89.72%	+32.80%
Max Drawdown (1Y) Largest decline over 1 year	-7.23%	-20.21%	+12.98%
Max Drawdown (3Y) Largest decline over 3 years	-15.12%	-36.88%	+21.76%
Max Drawdown (5Y) Largest decline over 5 years	-15.31%	-66.34%	+51.03%
Max Drawdown (10Y) Largest decline over 10 years	-36.06%	-66.34%	+30.28%
Current Drawdown Current decline from peak	-0.12%	-9.77%	+9.65%
Average Drawdown Average peak-to-trough decline	-14.05%	-36.17%	+22.12%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.87%	8.48%	-6.61%

Volatility

PEYAX vs. NVDA - Volatility Comparison

The current volatility for Putnam Large Cap Value Fund (PEYAX) is 3.99%, while NVIDIA Corporation (NVDA) has a volatility of 12.97%. This indicates that PEYAX experiences smaller price fluctuations and is considered to be less risky than NVDA based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	PEYAX	NVDA	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.99%	12.97%	-8.98%
Volatility (6M) Calculated over the trailing 6-month period	8.44%	26.83%	-18.39%
Volatility (1Y) Calculated over the trailing 1-year period	10.92%	35.13%	-24.21%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.74%	51.80%	-37.06%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.08%	49.87%	-32.79%

Dividends

PEYAX vs. NVDA - Dividend Comparison

PEYAX's dividend yield for the trailing twelve months is around 4.77%, more than NVDA's 0.13% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
NVDA NVIDIA Corporation	0.13%	0.02%	0.03%	0.03%	0.11%	0.05%	0.12%	0.27%	0.46%	0.29%	0.45%	1.20%
PEYAX Putnam Large Cap Value Fund	4.77%	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

Can I hold both PEYAX and NVDA in my portfolio?

PEYAX and NVDA have a correlation of 0.20, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, PEYAX or NVDA?

NVDA has higher volatility (12.97%) compared to PEYAX (3.99%). In terms of maximum drawdown, PEYAX dropped -56.92% vs NVDA's -89.72%.

Which has better risk-adjusted returns?

PEYAX currently has the higher Sharpe Ratio (2.42 vs 1.43), 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.