PMYYX vs. GAA
Compare and contrast key facts about Putnam Multi-Cap Core Fund (PMYYX) and Cambria Global Asset Allocation ETF (GAA).
PMYYX is managed by Putnam. It was launched on Sep 24, 2010. GAA is an actively managed fund by Cambria. It was launched on Dec 9, 2014.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: PMYYX or GAA.
Key characteristics
| PMYYX | GAA | |
|---|---|---|
| YTD Return | 29.27% | 9.44% |
| 1Y Return | 39.30% | 17.91% |
| 3Y Return (Ann) | 6.61% | 1.95% |
| 5Y Return (Ann) | 13.06% | 5.99% |
| Sharpe Ratio | 3.07 | 1.80 |
| Sortino Ratio | 4.05 | 2.57 |
| Omega Ratio | 1.57 | 1.32 |
| Calmar Ratio | 2.91 | 1.75 |
| Martin Ratio | 20.51 | 12.02 |
| Ulcer Index | 1.86% | 1.51% |
| Daily Std Dev | 12.46% | 10.11% |
| Max Drawdown | -35.25% | -26.57% |
| Current Drawdown | 0.00% | -1.18% |
Correlation
The correlation between PMYYX and GAA is 0.58, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
PMYYX vs. GAA - Performance Comparison
In the year-to-date period, PMYYX achieves a 29.27% return, which is significantly higher than GAA's 9.44% 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. GAA - Expense Ratio Comparison
PMYYX has a 0.71% expense ratio, which is higher than GAA's 0.41% expense ratio.
Risk-Adjusted Performance
PMYYX vs. GAA - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Putnam Multi-Cap Core Fund (PMYYX) and Cambria Global Asset Allocation ETF (GAA). 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. GAA - Dividend Comparison
PMYYX's dividend yield for the trailing twelve months is around 0.74%, less than GAA's 4.52% 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% |
GAA Cambria Global Asset Allocation ETF | 4.52% | 3.73% | 6.05% | 4.21% | 2.73% | 3.32% | 3.00% | 2.35% | 2.81% | 2.49% | 0.57% | 0.00% |
Drawdowns
PMYYX vs. GAA - Drawdown Comparison
The maximum PMYYX drawdown since its inception was -35.25%, which is greater than GAA's maximum drawdown of -26.57%. Use the drawdown chart below to compare losses from any high point for PMYYX and GAA. For additional features, visit the drawdowns tool.
Volatility
PMYYX vs. GAA - Volatility Comparison
Putnam Multi-Cap Core Fund (PMYYX) has a higher volatility of 4.13% compared to Cambria Global Asset Allocation ETF (GAA) at 2.87%. This indicates that PMYYX's price experiences larger fluctuations and is considered to be riskier than GAA based on this measure. The chart below showcases a comparison of their rolling one-month volatility.