PMYYX vs. SPY
Compare and contrast key facts about Putnam Multi-Cap Core Fund (PMYYX) and SPDR S&P 500 ETF (SPY).
PMYYX is managed by Putnam. It was launched on Sep 24, 2010. SPY is a passively managed fund by State Street that tracks the performance of the S&P 500 Index. It was launched on Jan 22, 1993.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: PMYYX or SPY.
Correlation
The correlation between PMYYX and SPY is 0.97, 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. SPY - Performance Comparison
Key characteristics
PMYYX:
0.48
SPY:
0.51
PMYYX:
0.79
SPY:
0.86
PMYYX:
1.12
SPY:
1.13
PMYYX:
0.48
SPY:
0.55
PMYYX:
1.97
SPY:
2.26
PMYYX:
4.64%
SPY:
4.55%
PMYYX:
19.24%
SPY:
20.08%
PMYYX:
-35.25%
SPY:
-55.19%
PMYYX:
-10.58%
SPY:
-9.89%
Returns By Period
In the year-to-date period, PMYYX achieves a -6.88% return, which is significantly lower than SPY's -5.76% return. Both investments have delivered pretty close results over the past 10 years, with PMYYX having a 12.41% annualized return and SPY not far behind at 12.04%.
PMYYX
-6.88%
-3.66%
-5.36%
8.74%
17.90%
12.41%
SPY
-5.76%
-2.90%
-4.30%
9.72%
15.64%
12.04%
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PMYYX vs. SPY - Expense Ratio Comparison
PMYYX has a 0.71% expense ratio, which is higher than SPY's 0.09% expense ratio.
Risk-Adjusted Performance
PMYYX vs. SPY — Risk-Adjusted Performance Rank
PMYYX
SPY
PMYYX vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Putnam Multi-Cap Core Fund (PMYYX) and SPDR S&P 500 ETF (SPY). 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. SPY - Dividend Comparison
PMYYX's dividend yield for the trailing twelve months is around 4.79%, more than SPY's 1.30% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PMYYX Putnam Multi-Cap Core Fund | 4.79% | 4.47% | 2.62% | 5.26% | 9.25% | 2.41% | 5.48% | 2.36% | 2.71% | 1.21% | 2.29% | 2.15% |
SPY SPDR S&P 500 ETF | 1.30% | 1.21% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% |
Drawdowns
PMYYX vs. SPY - Drawdown Comparison
The maximum PMYYX drawdown since its inception was -35.25%, smaller than the maximum SPY drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for PMYYX and SPY. For additional features, visit the drawdowns tool.
Volatility
PMYYX vs. SPY - Volatility Comparison
The current volatility for Putnam Multi-Cap Core Fund (PMYYX) is 14.00%, while SPDR S&P 500 ETF (SPY) has a volatility of 15.12%. This indicates that PMYYX experiences smaller price fluctuations and is considered to be less risky than SPY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.