PEYAX vs. PEIYX
PEYAX (Putnam Large Cap Value Fund) and PEIYX (Putnam Large Cap Value Fund) are both Large Cap Value Equities funds from Putnam. Over the past 10 years, PEYAX returned 13.13%/yr vs 13.96%/yr for PEIYX. With a 1.00 correlation, they move nearly in lockstep. PEYAX charges 0.90%/yr vs 0.65%/yr for PEIYX.
Performance
PEYAX vs. PEIYX - Performance Comparison
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Returns By Period
The year-to-date returns for both investments are quite close, with PEYAX having a 12.28% return and PEIYX slightly higher at 12.42%. Over the past 10 years, PEYAX has underperformed PEIYX with an annualized return of 13.13%, while PEIYX has yielded a comparatively higher 13.96% annualized return.
PEYAX
- 1D
- 0.41%
- 1M
- 1.31%
- 6M
- 9.24%
- YTD
- 12.28%
- 1Y
- 23.83%
- 3Y*
- 19.92%
- 5Y*
- 12.52%
- 10Y*
- 13.13%
PEIYX
- 1D
- 0.41%
- 1M
- 1.34%
- 6M
- 9.38%
- YTD
- 12.42%
- 1Y
- 24.14%
- 3Y*
- 20.07%
- 5Y*
- 13.99%
- 10Y*
- 13.96%
PEYAX vs. PEIYX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
PEYAX Putnam Large Cap Value Fund | 12.28% | 20.09% | 18.99% | 15.09% | -8.37% | 26.84% | 5.87% | 29.94% | -8.63% | 18.79% |
PEIYX Putnam Large Cap Value Fund | 12.42% | 19.94% | 19.32% | 15.34% | -2.83% | 27.18% | 6.11% | 29.69% | -8.35% | 18.96% |
Correlation
The correlation between PEYAX and PEIYX is 1.00 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 1.00 |
Correlation (3Y) Calculated over the trailing 3-year period | 1.00 |
Correlation (5Y) Calculated over the trailing 5-year period | 1.00 |
Correlation (10Y) Calculated over the trailing 10-year period | 1.00 |
Correlation (All Time) Calculated using the full available price history since Sep 30, 1998 | 1.00 |
The correlation between PEYAX and PEIYX has been stable across timeframes, ranging from 1.00 to 1.00 - a consistent structural relationship.
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Return for Risk
PEYAX vs. PEIYX — Risk / Return Rank
PEYAX
PEIYX
PEYAX vs. PEIYX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Putnam Large Cap Value Fund (PEYAX) and Putnam Large Cap Value Fund (PEIYX). 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 | PEIYX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.03 | ||
| Sortino ratioReturn per unit of downside risk | -0.03 | ||
| Omega ratioGain probability vs. loss probability | 1.39 | 1.40 | -0.01 |
| Calmar ratioReturn relative to maximum drawdown | 3.25 | 3.32 | -0.07 |
| Martin ratioReturn relative to average drawdown | 12.54 | 12.76 | -0.23 |
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Drawdowns
PEYAX vs. PEIYX - Drawdown Comparison
The maximum PEYAX drawdown since its inception was -56.92%, which is greater than PEIYX's maximum drawdown of -51.28%. Use the drawdown chart below to compare losses from any high point for PEYAX and PEIYX.
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Drawdown Indicators
| PEYAX | PEIYX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -56.92% | -51.28% | -5.64% |
Max Drawdown (1Y)Largest decline over 1 year | -7.23% | -7.18% | -0.05% |
Max Drawdown (3Y)Largest decline over 3 years | -15.12% | -15.36% | +0.24% |
Max Drawdown (5Y)Largest decline over 5 years | -15.31% | -15.36% | +0.05% |
Max Drawdown (10Y)Largest decline over 10 years | -36.06% | -36.05% | -0.01% |
Current DrawdownCurrent decline from peak | -0.23% | -0.23% | 0.00% |
Average DrawdownAverage peak-to-trough decline | -14.03% | -6.30% | -7.73% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.88% | 1.87% | +0.01% |
Volatility
PEYAX vs. PEIYX - Volatility Comparison
Putnam Large Cap Value Fund (PEYAX) and Putnam Large Cap Value Fund (PEIYX) have volatilities of 3.59% and 3.59%, 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 | PEIYX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.59% | 3.59% | 0.00% |
Volatility (6M)Calculated over the trailing 6-month period | 8.46% | 8.44% | +0.02% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.94% | 10.95% | -0.01% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.70% | 14.53% | +0.17% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.00% | 16.94% | +0.06% |
PEYAX vs. PEIYX - Expense Ratio Comparison
PEYAX has a 0.90% expense ratio, which is higher than PEIYX's 0.65% expense ratio.
Dividends
PEYAX vs. PEIYX - Dividend Comparison
PEYAX's dividend yield for the trailing twelve months is around 4.71%, less than PEIYX's 4.94% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PEIYX Putnam Large Cap Value Fund | 4.94% | 5.29% | 7.06% | 5.17% | 7.31% | 7.32% | 6.20% | 3.59% | 5.96% | 3.44% | 2.51% | 6.14% |
PEYAX Putnam Large Cap Value Fund | 4.71% | 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
With a correlation of 1.00, PEYAX and PEIYX move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
PEIYX has higher volatility (3.59%) compared to PEYAX (3.59%). In terms of maximum drawdown, PEYAX dropped -56.92% vs PEIYX's -51.28%.
PEIYX currently has the higher Sharpe Ratio (2.18 vs 2.15), 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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