PNGAX vs. EFA
Compare and contrast key facts about Putnam International Value Fund (PNGAX) and iShares MSCI EAFE ETF (EFA).
PNGAX is managed by Putnam. It was launched on Jul 31, 1996. EFA is a passively managed fund by iShares that tracks the performance of the MSCI EAFE Index. It was launched on Aug 14, 2001.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: PNGAX or EFA.
Key characteristics
| PNGAX | EFA | |
|---|---|---|
| YTD Return | 7.25% | 4.53% |
| 1Y Return | 14.24% | 12.42% |
| 3Y Return (Ann) | 5.35% | 1.51% |
| 5Y Return (Ann) | 7.76% | 5.49% |
| 10Y Return (Ann) | 4.84% | 5.03% |
| Sharpe Ratio | 1.35 | 0.96 |
| Sortino Ratio | 1.90 | 1.39 |
| Omega Ratio | 1.24 | 1.17 |
| Calmar Ratio | 2.30 | 1.44 |
| Martin Ratio | 7.10 | 4.70 |
| Ulcer Index | 2.42% | 2.60% |
| Daily Std Dev | 12.73% | 12.76% |
| Max Drawdown | -62.85% | -61.04% |
| Current Drawdown | -6.77% | -8.31% |
Correlation
The correlation between PNGAX and EFA is 0.91, 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
PNGAX vs. EFA - Performance Comparison
In the year-to-date period, PNGAX achieves a 7.25% return, which is significantly higher than EFA's 4.53% return. Both investments have delivered pretty close results over the past 10 years, with PNGAX having a 4.84% annualized return and EFA not far ahead at 5.03%. 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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PNGAX vs. EFA - Expense Ratio Comparison
PNGAX has a 1.27% expense ratio, which is higher than EFA's 0.32% expense ratio.
Risk-Adjusted Performance
PNGAX vs. EFA - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Putnam International Value Fund (PNGAX) and iShares MSCI EAFE ETF (EFA). 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
PNGAX vs. EFA - Dividend Comparison
PNGAX's dividend yield for the trailing twelve months is around 2.19%, less than EFA's 3.00% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PNGAX Putnam International Value Fund | 2.19% | 2.35% | 1.63% | 1.16% | 1.59% | 2.21% | 2.31% | 1.11% | 2.23% | 1.09% | 2.01% | 2.66% |
EFA iShares MSCI EAFE ETF | 3.00% | 2.98% | 2.69% | 3.33% | 2.13% | 3.10% | 3.39% | 2.57% | 3.07% | 2.76% | 3.72% | 2.54% |
Drawdowns
PNGAX vs. EFA - Drawdown Comparison
The maximum PNGAX drawdown since its inception was -62.85%, roughly equal to the maximum EFA drawdown of -61.04%. Use the drawdown chart below to compare losses from any high point for PNGAX and EFA. For additional features, visit the drawdowns tool.
Volatility
PNGAX vs. EFA - Volatility Comparison
The current volatility for Putnam International Value Fund (PNGAX) is 3.54%, while iShares MSCI EAFE ETF (EFA) has a volatility of 4.01%. This indicates that PNGAX experiences smaller price fluctuations and is considered to be less risky than EFA based on this measure. The chart below showcases a comparison of their rolling one-month volatility.