PHSTX vs. PNRAX
Compare and contrast key facts about Putnam Global Health Care Fund (PHSTX) and Putnam Research Fund (PNRAX).
PHSTX is managed by Putnam. It was launched on May 27, 1982. PNRAX is managed by Putnam. It was launched on Oct 2, 1995.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: PHSTX or PNRAX.
Correlation
The correlation between PHSTX and PNRAX is 0.74, 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
PHSTX vs. PNRAX - Performance Comparison
Key characteristics
PHSTX:
-0.15
PNRAX:
1.14
PHSTX:
-0.12
PNRAX:
1.48
PHSTX:
0.98
PNRAX:
1.22
PHSTX:
-0.06
PNRAX:
1.57
PHSTX:
-0.23
PNRAX:
4.16
PHSTX:
7.52%
PNRAX:
4.01%
PHSTX:
11.57%
PNRAX:
14.68%
PHSTX:
-45.36%
PNRAX:
-61.03%
PHSTX:
-22.50%
PNRAX:
-6.46%
Returns By Period
In the year-to-date period, PHSTX achieves a 6.06% return, which is significantly higher than PNRAX's 3.69% return. Over the past 10 years, PHSTX has underperformed PNRAX with an annualized return of -1.41%, while PNRAX has yielded a comparatively higher 8.16% annualized return.
PHSTX
6.06%
4.67%
-12.21%
-3.51%
0.94%
-1.41%
PNRAX
3.69%
1.50%
2.26%
15.45%
9.37%
8.16%
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PHSTX vs. PNRAX - Expense Ratio Comparison
PHSTX has a 1.05% expense ratio, which is higher than PNRAX's 1.03% expense ratio.
Risk-Adjusted Performance
PHSTX vs. PNRAX — Risk-Adjusted Performance Rank
PHSTX
PNRAX
PHSTX vs. PNRAX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Putnam Global Health Care Fund (PHSTX) and Putnam Research Fund (PNRAX). 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
PHSTX vs. PNRAX - Dividend Comparison
PHSTX's dividend yield for the trailing twelve months is around 0.35%, less than PNRAX's 0.46% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PHSTX Putnam Global Health Care Fund | 0.35% | 0.37% | 0.18% | 0.14% | 0.43% | 0.85% | 0.30% | 0.07% | 0.65% | 0.52% | 0.00% | 9.66% |
PNRAX Putnam Research Fund | 0.46% | 0.48% | 0.28% | 1.14% | 0.00% | 0.59% | 0.98% | 0.42% | 0.00% | 1.06% | 1.19% | 0.98% |
Drawdowns
PHSTX vs. PNRAX - Drawdown Comparison
The maximum PHSTX drawdown since its inception was -45.36%, smaller than the maximum PNRAX drawdown of -61.03%. Use the drawdown chart below to compare losses from any high point for PHSTX and PNRAX. For additional features, visit the drawdowns tool.
Volatility
PHSTX vs. PNRAX - Volatility Comparison
Putnam Global Health Care Fund (PHSTX) has a higher volatility of 3.92% compared to Putnam Research Fund (PNRAX) at 3.51%. This indicates that PHSTX's price experiences larger fluctuations and is considered to be riskier than PNRAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.