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.
Correlation
The correlation between PEYAX and SPGP is 0.84, 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
Key characteristics
PEYAX:
0.07
SPGP:
-0.14
PEYAX:
0.21
SPGP:
-0.05
PEYAX:
1.03
SPGP:
0.99
PEYAX:
0.06
SPGP:
-0.14
PEYAX:
0.19
SPGP:
-0.50
PEYAX:
6.35%
SPGP:
6.21%
PEYAX:
16.48%
SPGP:
21.93%
PEYAX:
-50.78%
SPGP:
-42.08%
PEYAX:
-12.93%
SPGP:
-13.80%
Returns By Period
In the year-to-date period, PEYAX achieves a -1.91% return, which is significantly higher than SPGP's -7.88% return. Over the past 10 years, PEYAX has underperformed SPGP with an annualized return of 6.20%, while SPGP has yielded a comparatively higher 12.15% annualized return.
PEYAX
-1.91%
-5.02%
-9.41%
0.04%
11.05%
6.20%
SPGP
-7.88%
-5.86%
-7.62%
-3.79%
15.98%
12.15%
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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 Rank
PEYAX
SPGP
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 1.22%, less than SPGP's 1.59% 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% |
SPGP Invesco S&P 500 GARP ETF | 1.59% | 1.38% | 1.24% | 1.22% | 0.69% | 1.10% | 0.86% | 0.95% | 0.68% | 0.89% | 1.12% | 1.52% |
Drawdowns
PEYAX vs. SPGP - Drawdown Comparison
The maximum PEYAX drawdown since its inception was -50.78%, 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 11.54%, while Invesco S&P 500 GARP ETF (SPGP) has a volatility of 15.91%. 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.