PEYAX vs. VYM
Compare and contrast key facts about Putnam Large Cap Value Fund (PEYAX) and Vanguard High Dividend Yield ETF (VYM).
PEYAX is managed by Putnam. It was launched on Jun 15, 1977. VYM is a passively managed fund by Vanguard that tracks the performance of the FTSE High Dividend Yield Index. It was launched on Nov 10, 2006.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: PEYAX or VYM.
Key characteristics
| PEYAX | VYM | |
|---|---|---|
| YTD Return | 24.94% | 20.51% |
| 1Y Return | 30.68% | 32.54% |
| 3Y Return (Ann) | 6.50% | 9.41% |
| 5Y Return (Ann) | 9.53% | 11.17% |
| 10Y Return (Ann) | 7.99% | 10.08% |
| Sharpe Ratio | 2.88 | 3.02 |
| Sortino Ratio | 3.81 | 4.30 |
| Omega Ratio | 1.52 | 1.56 |
| Calmar Ratio | 3.99 | 5.00 |
| Martin Ratio | 22.00 | 19.86 |
| Ulcer Index | 1.41% | 1.63% |
| Daily Std Dev | 10.76% | 10.70% |
| Max Drawdown | -50.96% | -56.98% |
| Current Drawdown | -0.78% | -0.79% |
Correlation
The correlation between PEYAX and VYM is 0.94, 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. VYM - Performance Comparison
In the year-to-date period, PEYAX achieves a 24.94% return, which is significantly higher than VYM's 20.51% return. Over the past 10 years, PEYAX has underperformed VYM with an annualized return of 7.99%, while VYM has yielded a comparatively higher 10.08% 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. VYM - Expense Ratio Comparison
PEYAX has a 0.88% expense ratio, which is higher than VYM's 0.06% expense ratio.
Risk-Adjusted Performance
PEYAX vs. VYM - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Putnam Large Cap Value Fund (PEYAX) and Vanguard High Dividend Yield ETF (VYM). 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. VYM - Dividend Comparison
PEYAX's dividend yield for the trailing twelve months is around 1.20%, less than VYM's 2.76% 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% |
VYM Vanguard High Dividend Yield ETF | 2.76% | 3.12% | 3.01% | 2.76% | 3.18% | 3.03% | 3.40% | 2.80% | 2.91% | 3.22% | 2.78% | 2.81% |
Drawdowns
PEYAX vs. VYM - Drawdown Comparison
The maximum PEYAX drawdown since its inception was -50.96%, smaller than the maximum VYM drawdown of -56.98%. Use the drawdown chart below to compare losses from any high point for PEYAX and VYM. For additional features, visit the drawdowns tool.
Volatility
PEYAX vs. VYM - Volatility Comparison
The current volatility for Putnam Large Cap Value Fund (PEYAX) is 3.44%, while Vanguard High Dividend Yield ETF (VYM) has a volatility of 3.85%. This indicates that PEYAX experiences smaller price fluctuations and is considered to be less risky than VYM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.