PEYAX vs. SPGP
Compare and contrast key facts about Putnam Large Cap Value Fund (PEYAX) and Invesco S&P 500 GARP ETF (SPGP).
PEYAX is managed by Putnam. It was launched on Jun 15, 1977. SPGP is a passively managed fund by Invesco that tracks the performance of the S&P 500 GARP Index. It was launched on Jun 16, 2011.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: PEYAX or SPGP.
Key characteristics
| PEYAX | SPGP | |
|---|---|---|
| YTD Return | 24.94% | 13.41% |
| 1Y Return | 30.68% | 23.66% |
| 3Y Return (Ann) | 6.50% | 6.47% |
| 5Y Return (Ann) | 9.53% | 14.04% |
| 10Y Return (Ann) | 7.99% | 14.20% |
| Sharpe Ratio | 2.88 | 1.58 |
| Sortino Ratio | 3.81 | 2.22 |
| Omega Ratio | 1.52 | 1.28 |
| Calmar Ratio | 3.99 | 2.46 |
| Martin Ratio | 22.00 | 7.43 |
| Ulcer Index | 1.41% | 3.17% |
| Daily Std Dev | 10.76% | 14.94% |
| Max Drawdown | -50.96% | -42.08% |
| Current Drawdown | -0.78% | -0.81% |
Correlation
The correlation between PEYAX and SPGP is 0.80, 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. SPGP - Performance Comparison
In the year-to-date period, PEYAX achieves a 24.94% return, which is significantly higher than SPGP's 13.41% return. Over the past 10 years, PEYAX has underperformed SPGP with an annualized return of 7.99%, while SPGP has yielded a comparatively higher 14.20% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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PEYAX vs. SPGP - Expense Ratio Comparison
PEYAX has a 0.88% expense ratio, which is higher than SPGP's 0.36% expense ratio.
Risk-Adjusted Performance
PEYAX vs. SPGP - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Putnam Large Cap Value Fund (PEYAX) and Invesco S&P 500 GARP ETF (SPGP). 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. SPGP - Dividend Comparison
PEYAX's dividend yield for the trailing twelve months is around 1.20%, less than SPGP's 1.31% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PEYAX Putnam Large Cap Value Fund | 1.20% | 1.43% | 1.88% | 1.16% | 1.50% | 1.35% | 1.85% | 1.55% | 1.42% | 1.46% | 9.72% | 9.82% |
SPGP Invesco S&P 500 GARP ETF | 1.31% | 1.24% | 1.22% | 0.69% | 1.10% | 0.86% | 0.95% | 0.68% | 0.89% | 1.12% | 1.52% | 2.11% |
Drawdowns
PEYAX vs. SPGP - Drawdown Comparison
The maximum PEYAX drawdown since its inception was -50.96%, which is greater than SPGP's maximum drawdown of -42.08%. Use the drawdown chart below to compare losses from any high point for PEYAX and SPGP. For additional features, visit the drawdowns tool.
Volatility
PEYAX vs. SPGP - Volatility Comparison
The current volatility for Putnam Large Cap Value Fund (PEYAX) is 3.44%, while Invesco S&P 500 GARP ETF (SPGP) has a volatility of 5.45%. This indicates that PEYAX experiences smaller price fluctuations and is considered to be less risky than SPGP based on this measure. The chart below showcases a comparison of their rolling one-month volatility.