PMYYX vs. ITOT
PMYYX (Putnam Multi-Cap Core Fund) and ITOT (iShares Core S&P Total U.S. Stock Market ETF) are both Large Cap Blend Equities funds. Over the past 10 years, PMYYX returned 16.38%/yr vs 15.01%/yr for ITOT. With a 0.97 correlation, they move nearly in lockstep. PMYYX charges 0.71%/yr vs 0.03%/yr for ITOT.
Performance
PMYYX vs. ITOT - Performance Comparison
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Returns By Period
In the year-to-date period, PMYYX achieves a 8.74% return, which is significantly lower than ITOT's 11.25% return. Over the past 10 years, PMYYX has outperformed ITOT with an annualized return of 16.38%, while ITOT has yielded a comparatively lower 15.01% annualized return.
PMYYX
- 1D
- 0.09%
- 1M
- 5.24%
- YTD
- 8.74%
- 6M
- 9.42%
- 1Y
- 27.23%
- 3Y*
- 22.38%
- 5Y*
- 13.80%
- 10Y*
- 16.38%
ITOT
- 1D
- -0.73%
- 1M
- 5.01%
- YTD
- 11.25%
- 6M
- 11.12%
- 1Y
- 28.12%
- 3Y*
- 22.09%
- 5Y*
- 12.69%
- 10Y*
- 15.01%
PMYYX vs. ITOT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
PMYYX Putnam Multi-Cap Core Fund | 8.74% | 17.33% | 26.46% | 27.98% | -15.94% | 30.93% | 17.69% | 32.52% | -7.91% | 24.00% |
ITOT iShares Core S&P Total U.S. Stock Market ETF | 11.25% | 17.00% | 23.80% | 26.12% | -19.47% | 25.68% | 20.71% | 30.67% | -5.33% | 21.37% |
Correlation
The correlation between PMYYX and ITOT is 0.97 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.97 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.98 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.98 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.97 |
Correlation (All Time) Calculated using the full available price history since Aug 6, 2012 | 0.97 |
The correlation between PMYYX and ITOT has been stable across timeframes, ranging from 0.97 to 0.98 - a consistent structural relationship.
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Return for Risk
PMYYX vs. ITOT — Risk / Return Rank
PMYYX
ITOT
PMYYX vs. ITOT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Putnam Multi-Cap Core Fund (PMYYX) and iShares Core S&P Total U.S. Stock Market ETF (ITOT). 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 | ITOT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.02 | ||
| Sortino ratioReturn per unit of downside risk | +0.03 | ||
| Omega ratioGain probability vs. loss probability | 1.42 | 1.42 | 0.00 |
| Calmar ratioReturn relative to maximum drawdown | 2.80 | 3.17 | -0.38 |
| Martin ratioReturn relative to average drawdown | 12.30 | 14.57 | -2.27 |
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
| PMYYX | ITOT | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.33 | 2.32 | +0.02 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.82 | 0.74 | +0.09 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.89 | 0.82 | +0.07 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.93 | 0.57 | +0.36 |
Drawdowns
PMYYX vs. ITOT - Drawdown Comparison
The maximum PMYYX drawdown since its inception was -35.25%, smaller than the maximum ITOT drawdown of -55.20%. Use the drawdown chart below to compare losses from any high point for PMYYX and ITOT.
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Drawdown Indicators
| PMYYX | ITOT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -35.25% | -55.20% | +19.95% |
Max Drawdown (1Y)Largest decline over 1 year | -10.02% | -8.90% | -1.12% |
Max Drawdown (3Y)Largest decline over 3 years | -18.92% | -19.44% | +0.52% |
Max Drawdown (5Y)Largest decline over 5 years | -23.52% | -25.36% | +1.84% |
Max Drawdown (10Y)Largest decline over 10 years | -35.25% | -35.00% | -0.25% |
Current DrawdownCurrent decline from peak | 0.00% | -0.73% | +0.73% |
Average DrawdownAverage peak-to-trough decline | -4.12% | -6.97% | +2.85% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.28% | 1.94% | +0.34% |
Volatility
PMYYX vs. ITOT - Volatility Comparison
Putnam Multi-Cap Core Fund (PMYYX) and iShares Core S&P Total U.S. Stock Market ETF (ITOT) have volatilities of 2.99% and 2.99%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PMYYX | ITOT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.99% | 2.99% | 0.00% |
Volatility (6M)Calculated over the trailing 6-month period | 9.08% | 9.13% | -0.05% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.01% | 12.20% | -0.19% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.81% | 17.36% | -0.55% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.40% | 18.26% | +0.14% |
PMYYX vs. ITOT - Expense Ratio Comparison
PMYYX has a 0.71% expense ratio, which is higher than ITOT's 0.03% expense ratio.
Dividends
PMYYX vs. ITOT - Dividend Comparison
PMYYX's dividend yield for the trailing twelve months is around 2.54%, more than ITOT's 0.98% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ITOT iShares Core S&P Total U.S. Stock Market ETF | 0.98% | 1.11% | 1.23% | 1.47% | 1.66% | 1.18% | 1.41% | 1.88% | 2.14% | 1.69% | 1.83% | 2.01% |
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
With a correlation of 0.97, PMYYX and ITOT move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
ITOT has higher volatility (2.99%) compared to PMYYX (2.99%). In terms of maximum drawdown, PMYYX dropped -35.25% vs ITOT's -55.20%.
PMYYX currently has the higher Sharpe Ratio (2.33 vs 2.32), 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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