PMVAX vs. WWNPX
PMVAX (Putnam Sustainable Future Fund) and WWNPX (Kinetics Paradigm Fund) are both Mid Cap Growth Equities funds. Over the past 10 years, PMVAX returned 8.85%/yr vs 18.31%/yr for WWNPX. Their 0.67 correlation means they have sometimes moved together and sometimes differently. PMVAX charges 1.00%/yr vs 1.64%/yr for WWNPX.
Performance
PMVAX vs. WWNPX - Performance Comparison
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Returns By Period
In the year-to-date period, PMVAX achieves a 1.73% return, which is significantly lower than WWNPX's 21.61% return. Over the past 10 years, PMVAX has underperformed WWNPX with an annualized return of 8.85%, while WWNPX has yielded a comparatively higher 18.31% annualized return.
PMVAX
- 1D
- 2.58%
- 1M
- -4.05%
- 6M
- 4.28%
- YTD
- 1.73%
- 1Y
- 1.86%
- 3Y*
- 9.24%
- 5Y*
- -1.18%
- 10Y*
- 8.85%
- ALL TIME*
- 9.24%
WWNPX
- 1D
- 1.12%
- 1M
- -1.34%
- 6M
- 6.16%
- YTD
- 21.61%
- 1Y
- 11.71%
- 3Y*
- 27.61%
- 5Y*
- 14.30%
- 10Y*
- 18.31%
- ALL TIME*
- 11.87%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $0.00 | $0.00 | $0.00 |
PMVAX vs. WWNPX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
PMVAX Putnam Sustainable Future Fund | 1.73% | 2.64% | 14.87% | 28.60% | -33.93% | 5.99% | 52.93% | 29.77% | -7.08% | 10.61% |
WWNPX Kinetics Paradigm Fund | 21.61% | -14.61% | 88.34% | -16.97% | 29.18% | 38.14% | 3.38% | 30.47% | -5.24% | 28.41% |
Correlation
The correlation between PMVAX and WWNPX is 0.32, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.32 |
Correlation (3Y) Balances recent behavior with more history. | 0.40 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.43 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.47 |
Correlation (All Time) Calculated using the full available price history since Dec 31, 1999 | 0.67 |
Over the past year, the correlation between PMVAX and WWNPX has dropped to 0.32 - well below their long-term average of 0.67, suggesting their price drivers have been diverging.
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Return for Risk
PMVAX vs. WWNPX — Risk / Return Rank
PMVAX
WWNPX
PMVAX vs. WWNPX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Putnam Sustainable Future Fund (PMVAX) and Kinetics Paradigm Fund (WWNPX). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| PMVAX | WWNPX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.23 | ||
| Sortino ratioReturn per unit of downside risk | -0.44 | ||
| Omega ratioGain probability vs. loss probability | 1.01 | 1.07 | -0.06 |
| Calmar ratioReturn relative to maximum drawdown | -0.03 | 0.25 | -0.29 |
| Martin ratioReturn relative to average drawdown | -0.09 | 0.58 | -0.67 |
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Drawdowns
PMVAX vs. WWNPX - Drawdown Comparison
The maximum PMVAX drawdown since its inception was -61.94%, smaller than the maximum WWNPX drawdown of -67.87%. Use the drawdown chart below to compare losses from any high point for PMVAX and WWNPX.
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Drawdown Indicators
| PMVAX | WWNPX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -61.94% | -67.87% | +5.93% |
Max Drawdown (1Y)Largest decline over 1 year | -14.96% | -27.71% | +12.75% |
Max Drawdown (3Y)Largest decline over 3 years | -27.38% | -41.13% | +13.75% |
Max Drawdown (5Y)Largest decline over 5 years | -44.20% | -41.13% | -3.07% |
Max Drawdown (10Y)Largest decline over 10 years | -44.20% | -43.51% | -0.69% |
Current DrawdownCurrent decline from peak | -9.36% | -26.29% | +16.93% |
Average DrawdownAverage peak-to-trough decline | -10.98% | -13.98% | +3.00% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.33% | 12.28% | -6.95% |
Volatility
PMVAX vs. WWNPX - Volatility Comparison
The current volatility for Putnam Sustainable Future Fund (PMVAX) is 5.64%, while Kinetics Paradigm Fund (WWNPX) has a volatility of 7.85%. This indicates that PMVAX experiences smaller price fluctuations and is considered to be less risky than WWNPX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PMVAX | WWNPX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.64% | 7.85% | -2.21% |
Volatility (6M)Calculated over the trailing 6-month period | 14.31% | 26.73% | -12.42% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.65% | 34.28% | -16.63% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.54% | 33.11% | -11.57% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.50% | 28.84% | -8.34% |
PMVAX vs. WWNPX - Expense Ratio Comparison
PMVAX has a 1.00% expense ratio, which is lower than WWNPX's 1.64% expense ratio.
Dividends
PMVAX vs. WWNPX - Dividend Comparison
PMVAX's dividend yield for the trailing twelve months is around 14.00%, more than WWNPX's 6.75% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PMVAX Putnam Sustainable Future Fund | 14.00% | 14.24% | 12.53% | 0.00% | 0.00% | 16.32% | 10.06% | 2.67% | 31.09% | 4.49% | 2.25% | 8.33% |
WWNPX Kinetics Paradigm Fund | 6.75% | 8.21% | 2.95% | 5.65% | 2.00% | 1.67% | 2.15% | 1.00% | 10.44% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
PMVAX and WWNPX have a correlation of 0.32, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
WWNPX has higher volatility (7.85%) compared to PMVAX (5.64%). In terms of maximum drawdown, PMVAX dropped -61.94% vs WWNPX's -67.87%.
WWNPX currently has the higher Sharpe Ratio (0.21 vs -0.03), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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