PMYYX vs. ALBAX
Compare and contrast key facts about Putnam Multi-Cap Core Fund (PMYYX) and Alger Growth & Income Fund (ALBAX).
PMYYX is managed by Putnam. It was launched on Sep 24, 2010. ALBAX is managed by Alger. It was launched on Dec 31, 1996.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: PMYYX or ALBAX.
Key characteristics
| PMYYX | ALBAX | |
|---|---|---|
| YTD Return | 29.16% | 21.96% |
| 1Y Return | 37.16% | 30.42% |
| 3Y Return (Ann) | 6.59% | 9.86% |
| 5Y Return (Ann) | 13.10% | 15.14% |
| 10Y Return (Ann) | 11.34% | 12.48% |
| Sharpe Ratio | 3.00 | 2.67 |
| Sortino Ratio | 3.97 | 3.57 |
| Omega Ratio | 1.56 | 1.49 |
| Calmar Ratio | 3.13 | 3.89 |
| Martin Ratio | 19.90 | 17.86 |
| Ulcer Index | 1.86% | 1.69% |
| Daily Std Dev | 12.36% | 11.29% |
| Max Drawdown | -35.25% | -40.56% |
| Current Drawdown | -0.35% | -0.63% |
Correlation
The correlation between PMYYX and ALBAX is 0.95, 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
PMYYX vs. ALBAX - Performance Comparison
In the year-to-date period, PMYYX achieves a 29.16% return, which is significantly higher than ALBAX's 21.96% return. Over the past 10 years, PMYYX has underperformed ALBAX with an annualized return of 11.34%, while ALBAX has yielded a comparatively higher 12.48% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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PMYYX vs. ALBAX - Expense Ratio Comparison
PMYYX has a 0.71% expense ratio, which is lower than ALBAX's 0.98% expense ratio.
Risk-Adjusted Performance
PMYYX vs. ALBAX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Putnam Multi-Cap Core Fund (PMYYX) and Alger Growth & Income Fund (ALBAX). 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
PMYYX vs. ALBAX - Dividend Comparison
PMYYX's dividend yield for the trailing twelve months is around 0.74%, less than ALBAX's 1.03% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PMYYX Putnam Multi-Cap Core Fund | 0.74% | 0.95% | 0.32% | 0.99% | 1.07% | 1.74% | 0.00% | 1.44% | 1.21% | 2.29% | 2.15% | 10.12% |
ALBAX Alger Growth & Income Fund | 1.03% | 1.29% | 1.24% | 0.85% | 1.20% | 1.46% | 1.64% | 1.19% | 1.53% | 1.57% | 1.78% | 1.60% |
Drawdowns
PMYYX vs. ALBAX - Drawdown Comparison
The maximum PMYYX drawdown since its inception was -35.25%, smaller than the maximum ALBAX drawdown of -40.56%. Use the drawdown chart below to compare losses from any high point for PMYYX and ALBAX. For additional features, visit the drawdowns tool.
Volatility
PMYYX vs. ALBAX - Volatility Comparison
Putnam Multi-Cap Core Fund (PMYYX) has a higher volatility of 4.08% compared to Alger Growth & Income Fund (ALBAX) at 3.44%. This indicates that PMYYX's price experiences larger fluctuations and is considered to be riskier than ALBAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.