PLDR vs. MEIAX
Compare and contrast key facts about Putnam Sustainable Leaders ETF (PLDR) and MFS Value Fund (MEIAX).
PLDR is an actively managed fund by Power Corporation of Canada. It was launched on May 25, 2021. MEIAX is managed by MFS. It was launched on Jan 2, 1996.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: PLDR or MEIAX.
Performance
PLDR vs. MEIAX - Performance Comparison
Returns By Period
In the year-to-date period, PLDR achieves a 25.51% return, which is significantly higher than MEIAX's 16.00% return.
PLDR
25.51%
-0.96%
8.32%
32.49%
N/A
N/A
MEIAX
16.00%
-1.06%
6.87%
22.75%
9.68%
9.22%
Key characteristics
| PLDR | MEIAX | |
|---|---|---|
| Sharpe Ratio | 2.59 | 2.39 |
| Sortino Ratio | 3.44 | 3.38 |
| Omega Ratio | 1.48 | 1.43 |
| Calmar Ratio | 3.46 | 4.34 |
| Martin Ratio | 14.35 | 13.88 |
| Ulcer Index | 2.33% | 1.67% |
| Daily Std Dev | 12.93% | 9.72% |
| Max Drawdown | -29.57% | -52.28% |
| Current Drawdown | -1.03% | -2.04% |
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PLDR vs. MEIAX - Expense Ratio Comparison
PLDR has a 0.59% expense ratio, which is lower than MEIAX's 0.80% expense ratio.
Correlation
The correlation between PLDR and MEIAX is 0.79, 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.
Risk-Adjusted Performance
PLDR vs. MEIAX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Putnam Sustainable Leaders ETF (PLDR) and MFS Value Fund (MEIAX). 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
PLDR vs. MEIAX - Dividend Comparison
PLDR's dividend yield for the trailing twelve months is around 0.45%, less than MEIAX's 1.42% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PLDR Putnam Sustainable Leaders ETF | 0.45% | 0.56% | 0.63% | 0.39% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
MEIAX MFS Value Fund | 1.42% | 1.54% | 1.69% | 1.15% | 1.39% | 1.72% | 1.84% | 1.32% | 1.78% | 6.23% | 5.09% | 3.66% |
Drawdowns
PLDR vs. MEIAX - Drawdown Comparison
The maximum PLDR drawdown since its inception was -29.57%, smaller than the maximum MEIAX drawdown of -52.28%. Use the drawdown chart below to compare losses from any high point for PLDR and MEIAX. For additional features, visit the drawdowns tool.
Volatility
PLDR vs. MEIAX - Volatility Comparison
Putnam Sustainable Leaders ETF (PLDR) has a higher volatility of 3.95% compared to MFS Value Fund (MEIAX) at 3.34%. This indicates that PLDR's price experiences larger fluctuations and is considered to be riskier than MEIAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.