PMVAX vs. BARAX
Compare and contrast key facts about Putnam Sustainable Future Fund (PMVAX) and Baron Asset Fund (BARAX).
PMVAX is managed by Putnam. It was launched on Nov 1, 1999. BARAX is managed by Baron Capital Group, Inc.. It was launched on Jun 12, 1987.
Performance
PMVAX vs. BARAX - Performance Comparison
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PMVAX vs. BARAX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
PMVAX Putnam Sustainable Future Fund | -8.08% | 2.64% | 14.87% | 28.60% | -33.93% | 5.99% | 52.93% | 29.77% | -7.08% | 10.61% |
BARAX Baron Asset Fund | -7.87% | 7.89% | 10.35% | 17.05% | -26.06% | 13.88% | 32.98% | 37.64% | -0.15% | 26.18% |
Returns By Period
The year-to-date returns for both investments are quite close, with PMVAX having a -8.08% return and BARAX slightly higher at -7.87%. Over the past 10 years, PMVAX has underperformed BARAX with an annualized return of 8.17%, while BARAX has yielded a comparatively higher 10.32% annualized return.
PMVAX
- 1D
- 3.00%
- 1M
- -5.93%
- YTD
- -8.08%
- 6M
- -9.98%
- 1Y
- 4.97%
- 3Y*
- 8.66%
- 5Y*
- -1.23%
- 10Y*
- 8.17%
BARAX
- 1D
- 1.64%
- 1M
- -5.84%
- YTD
- -7.87%
- 6M
- -0.37%
- 1Y
- 2.50%
- 3Y*
- 6.84%
- 5Y*
- 1.42%
- 10Y*
- 10.32%
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PMVAX vs. BARAX - Expense Ratio Comparison
PMVAX has a 1.00% expense ratio, which is lower than BARAX's 1.29% expense ratio.
Return for Risk
PMVAX vs. BARAX — Risk / Return Rank
PMVAX
BARAX
PMVAX vs. BARAX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Putnam Sustainable Future Fund (PMVAX) and Baron Asset Fund (BARAX). 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.
| PMVAX | BARAX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.27 | 0.13 | +0.14 |
Sortino ratioReturn per unit of downside risk | 0.54 | 0.35 | +0.20 |
Omega ratioGain probability vs. loss probability | 1.07 | 1.04 | +0.03 |
Calmar ratioReturn relative to maximum drawdown | 0.37 | 0.36 | +0.01 |
Martin ratioReturn relative to average drawdown | 1.14 | 0.90 | +0.23 |
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
| PMVAX | BARAX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.27 | 0.13 | +0.14 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.06 | 0.07 | -0.13 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.40 | 0.52 | -0.12 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.42 | 0.49 | -0.07 |
Correlation
The correlation between PMVAX and BARAX is 0.88, 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.
Dividends
PMVAX vs. BARAX - Dividend Comparison
PMVAX's dividend yield for the trailing twelve months is around 15.49%, more than BARAX's 12.49% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PMVAX Putnam Sustainable Future Fund | 15.49% | 14.24% | 12.53% | 0.00% | 0.00% | 16.32% | 10.06% | 2.67% | 31.09% | 4.49% | 2.25% | 8.33% |
BARAX Baron Asset Fund | 12.49% | 11.51% | 19.23% | 3.48% | 0.01% | 7.65% | 3.05% | 1.78% | 7.42% | 7.25% | 4.88% | 11.50% |
Drawdowns
PMVAX vs. BARAX - Drawdown Comparison
The maximum PMVAX drawdown since its inception was -61.94%, roughly equal to the maximum BARAX drawdown of -59.71%. Use the drawdown chart below to compare losses from any high point for PMVAX and BARAX.
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Drawdown Indicators
| PMVAX | BARAX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -61.94% | -59.71% | -2.23% |
Max Drawdown (1Y)Largest decline over 1 year | -14.96% | -11.12% | -3.84% |
Max Drawdown (5Y)Largest decline over 5 years | -44.20% | -37.53% | -6.67% |
Max Drawdown (10Y)Largest decline over 10 years | -44.20% | -37.53% | -6.67% |
Current DrawdownCurrent decline from peak | -18.10% | -9.28% | -8.82% |
Average DrawdownAverage peak-to-trough decline | -11.00% | -11.44% | +0.44% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.83% | 4.44% | +0.39% |
Volatility
PMVAX vs. BARAX - Volatility Comparison
Putnam Sustainable Future Fund (PMVAX) has a higher volatility of 6.53% compared to Baron Asset Fund (BARAX) at 3.90%. This indicates that PMVAX's price experiences larger fluctuations and is considered to be riskier than BARAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PMVAX | BARAX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.53% | 3.90% | +2.63% |
Volatility (6M)Calculated over the trailing 6-month period | 12.39% | 11.83% | +0.56% |
Volatility (1Y)Calculated over the trailing 1-year period | 21.90% | 19.02% | +2.88% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.26% | 19.56% | +1.70% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.40% | 19.79% | +0.61% |