PMYYX vs. FTCS

Last updated Jun 3, 2026

PMYYX (Putnam Multi-Cap Core Fund) and FTCS (First Trust Capital Strength ETF) are both Large Cap Blend Equities funds. Over the past 10 years, PMYYX returned 16.37%/yr vs 10.16%/yr for FTCS. Their correlation of 0.82 suggests significant overlap in exposure. PMYYX charges 0.71%/yr vs 0.53%/yr for FTCS.

Performance

PMYYX vs. FTCS - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Putnam Multi-Cap Core Fund (PMYYX) and First Trust Capital Strength ETF (FTCS). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, PMYYX achieves a 8.64% return, which is significantly higher than FTCS's 0.03% return. Over the past 10 years, PMYYX has outperformed FTCS with an annualized return of 16.37%, while FTCS has yielded a comparatively lower 10.16% annualized return.

PMYYX

• 1D: 0.17%
• 1M: 4.59%
• YTD: 8.64%
• 6M: 9.84%
• 1Y: 27.79%
• 3Y*: 22.34%
• 5Y*: 13.71%
• 10Y*: 16.37%

FTCS

• 1D: -0.50%
• 1M: -1.29%
• YTD: 0.03%
• 6M: 0.88%
• 1Y: 2.69%
• 3Y*: 9.49%
• 5Y*: 5.51%
• 10Y*: 10.16%

*Multi-year figures are annualized to reflect compound growth (CAGR)

PMYYX vs. FTCS - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
PMYYX Putnam Multi-Cap Core Fund	8.64%	17.33%	26.46%	27.98%	-15.94%	30.93%	17.69%	32.52%	-7.91%	24.00%
FTCS First Trust Capital Strength ETF	0.03%	6.46%	11.19%	8.48%	-10.22%	26.75%	13.05%	26.71%	-4.22%	26.57%

Correlation

The correlation between PMYYX and FTCS is 0.55, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.55
Correlation (3Y) Calculated over the trailing 3-year period	0.64
Correlation (5Y) Calculated over the trailing 5-year period	0.75
Correlation (10Y) Calculated over the trailing 10-year period	0.80
Correlation (All Time) Calculated using the full available price history since Aug 6, 2012	0.82

Over the past year, the correlation between PMYYX and FTCS has dropped to 0.55 - well below their long-term average of 0.82, suggesting their price drivers have been diverging.

Return for Risk

PMYYX vs. FTCS — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

PMYYX

PMYYX Risk / Return Rank: 59
PMYYX Sharpe Ratio Rank: 65
PMYYX Sortino Ratio Rank: 59
PMYYX Omega Ratio Rank: 58
PMYYX Calmar Ratio Rank: 53
PMYYX Martin Ratio Rank: 62

FTCS

FTCS Risk / Return Rank: 12
FTCS Sharpe Ratio Rank: 13
FTCS Sortino Ratio Rank: 12
FTCS Omega Ratio Rank: 11
FTCS Calmar Ratio Rank: 12
FTCS Martin Ratio Rank: 12

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

PMYYX vs. FTCS - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Putnam Multi-Cap Core Fund (PMYYX) and First Trust Capital Strength ETF (FTCS). 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.

	PMYYX	FTCS	Difference
Sharpe ratio Return per unit of total volatility	2.36	0.27	+2.09
Sortino ratio Return per unit of downside risk	3.24	0.47	+2.77
Omega ratio Gain probability vs. loss probability	1.42	1.05	+0.37
Calmar ratio Return relative to maximum drawdown	2.80	0.35	+2.45
Martin ratio Return relative to average drawdown	12.33	0.87	+11.46
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

PMYYX vs. FTCS - Sharpe Ratio Comparison

The current PMYYX Sharpe Ratio is 2.36, which is higher than the FTCS Sharpe Ratio of 0.27. The chart below compares the historical Sharpe Ratios of PMYYX and FTCS, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	PMYYX	FTCS	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.36	0.27	+2.09
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.82	0.42	+0.40
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.89	0.66	+0.24
Sharpe Ratio (All Time) Calculated using the full available price history	0.93	0.50	+0.43

Drawdowns

PMYYX vs. FTCS - Drawdown Comparison

The maximum PMYYX drawdown since its inception was -35.25%, smaller than the maximum FTCS drawdown of -53.64%. Use the drawdown chart below to compare losses from any high point for PMYYX and FTCS.

Drawdown Indicators

	PMYYX	FTCS	Difference
Max Drawdown Largest peak-to-trough decline	-35.25%	-53.64%	+18.39%
Max Drawdown (1Y) Largest decline over 1 year	-10.02%	-7.74%	-2.28%
Max Drawdown (3Y) Largest decline over 3 years	-18.92%	-12.62%	-6.30%
Max Drawdown (5Y) Largest decline over 5 years	-23.52%	-20.93%	-2.59%
Max Drawdown (10Y) Largest decline over 10 years	-35.25%	-31.93%	-3.32%
Current Drawdown Current decline from peak	0.00%	-6.94%	+6.94%
Average Drawdown Average peak-to-trough decline	-4.12%	-6.92%	+2.80%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.28%	3.10%	-0.82%

Volatility

PMYYX vs. FTCS - Volatility Comparison

Putnam Multi-Cap Core Fund (PMYYX) has a higher volatility of 2.98% compared to First Trust Capital Strength ETF (FTCS) at 2.68%. This indicates that PMYYX's price experiences larger fluctuations and is considered to be riskier than FTCS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	PMYYX	FTCS	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.98%	2.68%	+0.30%
Volatility (6M) Calculated over the trailing 6-month period	9.09%	7.02%	+2.07%
Volatility (1Y) Calculated over the trailing 1-year period	12.03%	9.82%	+2.21%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.81%	13.13%	+3.68%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.40%	15.54%	+2.86%

PMYYX vs. FTCS - Expense Ratio Comparison

PMYYX has a 0.71% expense ratio, which is higher than FTCS's 0.53% expense ratio.

Dividends

PMYYX vs. FTCS - Dividend Comparison

PMYYX's dividend yield for the trailing twelve months is around 2.54%, more than FTCS's 1.12% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FTCS First Trust Capital Strength ETF	1.12%	1.04%	1.33%	1.47%	1.23%	1.06%	0.93%	1.26%	1.26%	1.15%	1.43%	1.50%
PMYYX Putnam Multi-Cap Core Fund	2.54%	2.76%	4.47%	2.62%	5.26%	9.25%	2.41%	4.76%	2.36%	2.71%	1.21%	1.26%

Frequently Asked Questions

Can I hold both PMYYX and FTCS in my portfolio?

PMYYX and FTCS have a correlation of 0.55, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, PMYYX or FTCS?

PMYYX has higher volatility (2.98%) compared to FTCS (2.68%). In terms of maximum drawdown, PMYYX dropped -35.25% vs FTCS's -53.64%.

Which has better risk-adjusted returns?

PMYYX currently has the higher Sharpe Ratio (2.36 vs 0.27), 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.