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.
Performance
PEYAX vs. SPGP - Performance Comparison
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PEYAX vs. SPGP - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
PEYAX Putnam Large Cap Value Fund | -1.32% | 20.09% | 18.99% | 15.09% | -8.37% | 26.84% | 5.87% | 29.94% | -8.63% | 18.79% |
SPGP Invesco S&P 500 GARP ETF | -5.19% | 9.80% | 8.48% | 20.29% | -13.83% | 35.72% | 15.92% | 39.16% | 1.68% | 36.24% |
Returns By Period
In the year-to-date period, PEYAX achieves a -1.32% return, which is significantly higher than SPGP's -5.19% return. Over the past 10 years, PEYAX has underperformed SPGP with an annualized return of 12.25%, while SPGP has yielded a comparatively higher 13.70% annualized return.
PEYAX
- 1D
- -0.15%
- 1M
- -6.34%
- YTD
- -1.32%
- 6M
- 4.60%
- 1Y
- 15.85%
- 3Y*
- 16.83%
- 5Y*
- 11.15%
- 10Y*
- 12.25%
SPGP
- 1D
- 3.24%
- 1M
- -6.43%
- YTD
- -5.19%
- 6M
- -4.81%
- 1Y
- 8.81%
- 3Y*
- 9.45%
- 5Y*
- 6.73%
- 10Y*
- 13.70%
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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.
Return for Risk
PEYAX vs. SPGP — Risk / Return Rank
PEYAX
SPGP
PEYAX vs. SPGP - Risk-Adjusted Trends 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.
| PEYAX | SPGP | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.11 | 0.41 | +0.70 |
Sortino ratioReturn per unit of downside risk | 1.57 | 0.74 | +0.84 |
Omega ratioGain probability vs. loss probability | 1.24 | 1.10 | +0.14 |
Calmar ratioReturn relative to maximum drawdown | 1.31 | 0.65 | +0.66 |
Martin ratioReturn relative to average drawdown | 5.88 | 2.64 | +3.24 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| PEYAX | SPGP | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.11 | 0.41 | +0.70 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.76 | 0.37 | +0.40 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.72 | 0.65 | +0.07 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.36 | 0.70 | -0.34 |
Correlation
The correlation between PEYAX and SPGP is 0.81, 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.
Dividends
PEYAX vs. SPGP - Dividend Comparison
PEYAX's dividend yield for the trailing twelve months is around 5.15%, more than SPGP's 0.98% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PEYAX Putnam Large Cap Value Fund | 5.15% | 5.36% | 6.80% | 4.93% | 1.21% | 7.09% | 5.97% | 3.79% | 5.67% | 3.31% | 2.27% | 5.86% |
SPGP Invesco S&P 500 GARP ETF | 0.98% | 1.04% | 1.38% | 1.24% | 1.22% | 0.69% | 1.10% | 0.86% | 0.95% | 0.68% | 0.89% | 1.12% |
Drawdowns
PEYAX vs. SPGP - Drawdown Comparison
The maximum PEYAX drawdown since its inception was -56.92%, 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.
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Drawdown Indicators
| PEYAX | SPGP | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -56.92% | -42.08% | -14.84% |
Max Drawdown (1Y)Largest decline over 1 year | -11.77% | -15.00% | +3.23% |
Max Drawdown (5Y)Largest decline over 5 years | -15.31% | -22.87% | +7.56% |
Max Drawdown (10Y)Largest decline over 10 years | -36.06% | -42.08% | +6.02% |
Current DrawdownCurrent decline from peak | -7.23% | -8.27% | +1.04% |
Average DrawdownAverage peak-to-trough decline | -14.10% | -4.39% | -9.71% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.63% | 3.68% | -1.05% |
Volatility
PEYAX vs. SPGP - Volatility Comparison
The current volatility for Putnam Large Cap Value Fund (PEYAX) is 3.58%, while Invesco S&P 500 GARP ETF (SPGP) has a volatility of 6.32%. 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.
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Volatility by Period
| PEYAX | SPGP | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.58% | 6.32% | -2.74% |
Volatility (6M)Calculated over the trailing 6-month period | 7.95% | 11.82% | -3.87% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.36% | 21.82% | -6.46% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.68% | 18.49% | -3.81% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.05% | 21.17% | -4.12% |