PMVAX vs. BARIX
Compare and contrast key facts about Putnam Sustainable Future Fund (PMVAX) and Baron Asset Fund Institutional Class (BARIX).
PMVAX is managed by Putnam. It was launched on Nov 1, 1999. BARIX is managed by Baron Capital Group. It was launched on May 29, 2009.
Performance
PMVAX vs. BARIX - Performance Comparison
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PMVAX vs. BARIX - 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% |
BARIX Baron Asset Fund Institutional Class | -7.81% | 8.17% | 10.64% | 17.36% | -25.87% | 14.17% | 33.32% | 37.98% | 0.13% | 26.55% |
Returns By Period
The year-to-date returns for both investments are quite close, with PMVAX having a -8.08% return and BARIX slightly higher at -7.81%. Over the past 10 years, PMVAX has underperformed BARIX with an annualized return of 8.17%, while BARIX has yielded a comparatively higher 10.61% 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%
BARIX
- 1D
- 1.64%
- 1M
- -5.83%
- YTD
- -7.81%
- 6M
- -0.24%
- 1Y
- 2.78%
- 3Y*
- 7.12%
- 5Y*
- 1.68%
- 10Y*
- 10.61%
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PMVAX vs. BARIX - Expense Ratio Comparison
PMVAX has a 1.00% expense ratio, which is lower than BARIX's 1.03% expense ratio.
Return for Risk
PMVAX vs. BARIX — Risk / Return Rank
PMVAX
BARIX
PMVAX vs. BARIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Putnam Sustainable Future Fund (PMVAX) and Baron Asset Fund Institutional Class (BARIX). 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 | BARIX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.27 | 0.14 | +0.13 |
Sortino ratioReturn per unit of downside risk | 0.54 | 0.37 | +0.18 |
Omega ratioGain probability vs. loss probability | 1.07 | 1.05 | +0.02 |
Calmar ratioReturn relative to maximum drawdown | 0.37 | 0.39 | -0.02 |
Martin ratioReturn relative to average drawdown | 1.14 | 0.98 | +0.16 |
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 | BARIX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.27 | 0.14 | +0.13 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.06 | 0.09 | -0.14 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.40 | 0.54 | -0.13 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.42 | 0.64 | -0.23 |
Correlation
The correlation between PMVAX and BARIX is 0.91, 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. BARIX - Dividend Comparison
PMVAX's dividend yield for the trailing twelve months is around 15.49%, more than BARIX's 11.48% 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% |
BARIX Baron Asset Fund Institutional Class | 11.48% | 10.59% | 17.88% | 3.28% | 0.01% | 7.26% | 2.92% | 1.70% | 7.14% | 7.01% | 4.74% | 11.23% |
Drawdowns
PMVAX vs. BARIX - Drawdown Comparison
The maximum PMVAX drawdown since its inception was -61.94%, which is greater than BARIX's maximum drawdown of -37.44%. Use the drawdown chart below to compare losses from any high point for PMVAX and BARIX.
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Drawdown Indicators
| PMVAX | BARIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -61.94% | -37.44% | -24.50% |
Max Drawdown (1Y)Largest decline over 1 year | -14.96% | -11.12% | -3.84% |
Max Drawdown (5Y)Largest decline over 5 years | -44.20% | -37.44% | -6.76% |
Max Drawdown (10Y)Largest decline over 10 years | -44.20% | -37.44% | -6.76% |
Current DrawdownCurrent decline from peak | -18.10% | -9.21% | -8.89% |
Average DrawdownAverage peak-to-trough decline | -11.00% | -6.74% | -4.26% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.83% | 4.41% | +0.42% |
Volatility
PMVAX vs. BARIX - Volatility Comparison
Putnam Sustainable Future Fund (PMVAX) has a higher volatility of 6.53% compared to Baron Asset Fund Institutional Class (BARIX) at 3.91%. This indicates that PMVAX's price experiences larger fluctuations and is considered to be riskier than BARIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PMVAX | BARIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.53% | 3.91% | +2.62% |
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% | 19.65% | +1.61% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.40% | 19.84% | +0.56% |