PFLRX vs. PEYAX
Compare and contrast key facts about Putnam Floating Rate Income Fund (PFLRX) and Putnam Large Cap Value Fund (PEYAX).
PFLRX is managed by Putnam. It was launched on Aug 3, 2004. PEYAX is managed by Putnam. It was launched on Jun 15, 1977.
Performance
PFLRX vs. PEYAX - Performance Comparison
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PFLRX vs. PEYAX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
PFLRX Putnam Floating Rate Income Fund | -1.61% | 4.74% | 6.34% | 11.01% | -2.78% | 3.04% | 0.69% | 8.14% | -0.66% | 3.28% |
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% |
Returns By Period
In the year-to-date period, PFLRX achieves a -1.61% return, which is significantly lower than PEYAX's -1.32% return. Over the past 10 years, PFLRX has underperformed PEYAX with an annualized return of 3.79%, while PEYAX has yielded a comparatively higher 12.25% annualized return.
PFLRX
- 1D
- 0.00%
- 1M
- -0.52%
- YTD
- -1.61%
- 6M
- -0.66%
- 1Y
- 3.15%
- 3Y*
- 5.63%
- 5Y*
- 3.88%
- 10Y*
- 3.79%
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%
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PFLRX vs. PEYAX - Expense Ratio Comparison
PFLRX has a 1.03% expense ratio, which is higher than PEYAX's 0.88% expense ratio.
Return for Risk
PFLRX vs. PEYAX — Risk / Return Rank
PFLRX
PEYAX
PFLRX vs. PEYAX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Putnam Floating Rate Income Fund (PFLRX) and Putnam Large Cap Value Fund (PEYAX). 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.
| PFLRX | PEYAX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.18 | 1.11 | +0.07 |
Sortino ratioReturn per unit of downside risk | 1.88 | 1.57 | +0.31 |
Omega ratioGain probability vs. loss probability | 1.31 | 1.24 | +0.07 |
Calmar ratioReturn relative to maximum drawdown | 1.44 | 1.31 | +0.13 |
Martin ratioReturn relative to average drawdown | 4.99 | 5.88 | -0.89 |
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
| PFLRX | PEYAX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.18 | 1.11 | +0.07 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.39 | 0.76 | +0.63 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.95 | 0.72 | +0.23 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.94 | 0.36 | +0.58 |
Correlation
The correlation between PFLRX and PEYAX is 0.19, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Dividends
PFLRX vs. PEYAX - Dividend Comparison
PFLRX's dividend yield for the trailing twelve months is around 6.38%, more than PEYAX's 5.15% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PFLRX Putnam Floating Rate Income Fund | 6.38% | 6.69% | 6.25% | 7.27% | 3.48% | 2.63% | 3.10% | 4.56% | 4.54% | 3.69% | 3.71% | 4.45% |
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% |
Drawdowns
PFLRX vs. PEYAX - Drawdown Comparison
The maximum PFLRX drawdown since its inception was -32.89%, smaller than the maximum PEYAX drawdown of -56.92%. Use the drawdown chart below to compare losses from any high point for PFLRX and PEYAX.
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Drawdown Indicators
| PFLRX | PEYAX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -32.89% | -56.92% | +24.03% |
Max Drawdown (1Y)Largest decline over 1 year | -2.29% | -11.77% | +9.48% |
Max Drawdown (5Y)Largest decline over 5 years | -6.95% | -15.31% | +8.36% |
Max Drawdown (10Y)Largest decline over 10 years | -20.74% | -36.06% | +15.32% |
Current DrawdownCurrent decline from peak | -1.98% | -7.23% | +5.25% |
Average DrawdownAverage peak-to-trough decline | -1.75% | -14.10% | +12.35% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.66% | 2.63% | -1.97% |
Volatility
PFLRX vs. PEYAX - Volatility Comparison
The current volatility for Putnam Floating Rate Income Fund (PFLRX) is 0.77%, while Putnam Large Cap Value Fund (PEYAX) has a volatility of 3.58%. This indicates that PFLRX experiences smaller price fluctuations and is considered to be less risky than PEYAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PFLRX | PEYAX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.77% | 3.58% | -2.81% |
Volatility (6M)Calculated over the trailing 6-month period | 1.72% | 7.95% | -6.23% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.93% | 15.36% | -12.43% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 2.81% | 14.68% | -11.87% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.01% | 17.05% | -13.04% |