PEYAX vs. VGRIX
PEYAX (Putnam Large Cap Value Fund) and VGRIX (JPMorgan U.S. Value Fund) are both Large Cap Value Equities funds. Over the past 10 years, PEYAX returned 13.34%/yr vs 12.36%/yr for VGRIX. Their correlation of 0.92 means they have usually moved in the same direction. PEYAX charges 0.90%/yr vs 0.94%/yr for VGRIX.
Performance
PEYAX vs. VGRIX - Performance Comparison
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Returns By Period
The year-to-date returns for both stocks are quite close, with PEYAX having a 14.98% return and VGRIX slightly lower at 14.83%. Over the past 10 years, PEYAX has outperformed VGRIX with an annualized return of 13.34%, while VGRIX has yielded a comparatively lower 12.36% annualized return.
PEYAX
- 1D
- 1.26%
- 1M
- 2.62%
- 6M
- 11.16%
- YTD
- 14.98%
- 1Y
- 29.59%
- 3Y*
- 19.51%
- 5Y*
- 13.00%
- 10Y*
- 13.34%
- ALL TIME*
- 6.03%
VGRIX
- 1D
- 0.80%
- 1M
- 0.74%
- 6M
- 10.00%
- YTD
- 14.83%
- 1Y
- 25.76%
- 3Y*
- 15.60%
- 5Y*
- 11.32%
- 10Y*
- 12.36%
- ALL TIME*
- 11.25%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $0.00 | $0.00 | $0.00 |
PEYAX vs. VGRIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
PEYAX Putnam Large Cap Value Fund | 14.98% | 20.09% | 18.99% | 15.09% | -8.37% | 26.84% | 5.87% | 29.94% | -8.63% | 18.79% |
VGRIX JPMorgan U.S. Value Fund | 14.83% | 13.64% | 16.17% | 9.18% | -2.56% | 26.83% | 4.27% | 27.84% | -7.71% | 17.13% |
Correlation
The correlation between PEYAX and VGRIX is 0.94, meaning they have usually moved in the same direction, including during past declines.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.94 |
Correlation (3Y) Balances recent behavior with more history. | 0.94 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.96 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.96 |
Correlation (All Time) Calculated using the full available price history since Sep 8, 1987 | 0.92 |
The correlation between PEYAX and VGRIX has been stable across timeframes, ranging from 0.92 to 0.96 - a consistent structural relationship.
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Return for Risk
PEYAX vs. VGRIX — Risk / Return Rank
PEYAX
VGRIX
PEYAX vs. VGRIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Putnam Large Cap Value Fund (PEYAX) and JPMorgan U.S. Value Fund (VGRIX). 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 | VGRIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.31 | ||
| Sortino ratioReturn per unit of downside risk | +0.40 | ||
| Omega ratioGain probability vs. loss probability | 1.45 | 1.38 | +0.06 |
| Calmar ratioReturn relative to maximum drawdown | 3.77 | 3.12 | +0.65 |
| Martin ratioReturn relative to average drawdown | 14.94 | 12.49 | +2.45 |
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Drawdowns
PEYAX vs. VGRIX - Drawdown Comparison
The maximum PEYAX drawdown since its inception was -56.92%, roughly equal to the maximum VGRIX drawdown of -58.30%. Use the drawdown chart below to compare losses from any high point for PEYAX and VGRIX.
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Drawdown Indicators
| PEYAX | VGRIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -56.92% | -58.30% | +1.38% |
Max Drawdown (1Y)Largest decline over 1 year | -7.23% | -7.48% | +0.25% |
Max Drawdown (3Y)Largest decline over 3 years | -15.12% | -14.47% | -0.65% |
Max Drawdown (5Y)Largest decline over 5 years | -15.31% | -15.36% | +0.05% |
Max Drawdown (10Y)Largest decline over 10 years | -36.06% | -38.59% | +2.53% |
Current DrawdownCurrent decline from peak | 0.00% | -0.54% | +0.54% |
Average DrawdownAverage peak-to-trough decline | -14.01% | -7.80% | -6.21% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.83% | 1.87% | -0.04% |
Volatility
PEYAX vs. VGRIX - Volatility Comparison
Putnam Large Cap Value Fund (PEYAX) has a higher volatility of 3.08% compared to JPMorgan U.S. Value Fund (VGRIX) at 2.80%. This indicates that PEYAX's price experiences larger fluctuations and is considered to be riskier than VGRIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PEYAX | VGRIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.08% | 2.80% | +0.28% |
Volatility (6M)Calculated over the trailing 6-month period | 8.43% | 8.03% | +0.40% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.04% | 10.82% | +0.22% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.67% | 14.32% | +0.35% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.01% | 17.27% | -0.26% |
PEYAX vs. VGRIX - Expense Ratio Comparison
PEYAX has a 0.90% expense ratio, which is lower than VGRIX's 0.94% expense ratio.
Dividends
PEYAX vs. VGRIX - Dividend Comparison
PEYAX's dividend yield for the trailing twelve months is around 4.58%, more than VGRIX's 4.51% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PEYAX Putnam Large Cap Value Fund | 4.58% | 5.36% | 6.80% | 4.93% | 1.21% | 7.09% | 5.97% | 3.79% | 5.67% | 3.31% | 2.27% | 5.86% |
VGRIX JPMorgan U.S. Value Fund | 4.51% | 5.20% | 4.20% | 1.39% | 1.49% | 2.74% | 2.46% | 3.43% | 6.70% | 5.30% | 6.18% | 7.23% |
Frequently Asked Questions
With a correlation of 0.94, PEYAX and VGRIX 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.
PEYAX has higher volatility (3.08%) compared to VGRIX (2.80%). In terms of maximum drawdown, PEYAX dropped -56.92% vs VGRIX's -58.30%.
PEYAX currently has the higher Sharpe Ratio (2.47 vs 2.16), 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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