PNGAX vs. FZAJX
Compare and contrast key facts about Putnam International Value Fund (PNGAX) and Fidelity Advisor International Growth Fund Class Z (FZAJX).
PNGAX is managed by Putnam. It was launched on Jul 31, 1996. FZAJX is managed by Fidelity. It was launched on Aug 13, 2013.
Performance
PNGAX vs. FZAJX - Performance Comparison
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PNGAX vs. FZAJX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
PNGAX Putnam International Value Fund | 2.61% | 34.66% | 5.86% | 18.50% | -6.85% | 14.24% | 4.19% | 19.96% | -18.02% | 24.09% |
FZAJX Fidelity Advisor International Growth Fund Class Z | -2.21% | 18.02% | 5.02% | 21.03% | -23.11% | 15.55% | 17.11% | 34.21% | -11.40% | 28.88% |
Returns By Period
In the year-to-date period, PNGAX achieves a 2.61% return, which is significantly higher than FZAJX's -2.21% return. Over the past 10 years, PNGAX has outperformed FZAJX with an annualized return of 9.38%, while FZAJX has yielded a comparatively lower 8.82% annualized return.
PNGAX
- 1D
- 2.67%
- 1M
- -4.78%
- YTD
- 2.61%
- 6M
- 5.73%
- 1Y
- 23.99%
- 3Y*
- 17.29%
- 5Y*
- 10.93%
- 10Y*
- 9.38%
FZAJX
- 1D
- 3.84%
- 1M
- -8.74%
- YTD
- -2.21%
- 6M
- -2.02%
- 1Y
- 12.59%
- 3Y*
- 9.93%
- 5Y*
- 4.96%
- 10Y*
- 8.82%
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PNGAX vs. FZAJX - Expense Ratio Comparison
PNGAX has a 1.27% expense ratio, which is higher than FZAJX's 0.87% expense ratio.
Return for Risk
PNGAX vs. FZAJX — Risk / Return Rank
PNGAX
FZAJX
PNGAX vs. FZAJX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Putnam International Value Fund (PNGAX) and Fidelity Advisor International Growth Fund Class Z (FZAJX). 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.
| PNGAX | FZAJX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.47 | 0.69 | +0.78 |
Sortino ratioReturn per unit of downside risk | 1.95 | 1.08 | +0.87 |
Omega ratioGain probability vs. loss probability | 1.29 | 1.15 | +0.15 |
Calmar ratioReturn relative to maximum drawdown | 2.06 | 0.90 | +1.16 |
Martin ratioReturn relative to average drawdown | 7.77 | 3.52 | +4.25 |
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
| PNGAX | FZAJX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.47 | 0.69 | +0.78 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.70 | 0.28 | +0.42 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.55 | 0.50 | +0.05 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.34 | 0.46 | -0.12 |
Correlation
The correlation between PNGAX and FZAJX is 0.85, 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.
Dividends
PNGAX vs. FZAJX - Dividend Comparison
PNGAX's dividend yield for the trailing twelve months is around 2.89%, less than FZAJX's 3.73% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PNGAX Putnam International Value Fund | 2.89% | 2.97% | 3.89% | 2.35% | 1.63% | 5.70% | 1.84% | 3.91% | 4.34% | 1.11% | 2.23% | 1.09% |
FZAJX Fidelity Advisor International Growth Fund Class Z | 3.73% | 3.65% | 1.00% | 0.61% | 1.81% | 2.03% | 0.22% | 1.11% | 1.04% | 0.12% | 1.40% | 0.92% |
Drawdowns
PNGAX vs. FZAJX - Drawdown Comparison
The maximum PNGAX drawdown since its inception was -64.78%, which is greater than FZAJX's maximum drawdown of -34.84%. Use the drawdown chart below to compare losses from any high point for PNGAX and FZAJX.
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Drawdown Indicators
| PNGAX | FZAJX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -64.78% | -34.84% | -29.94% |
Max Drawdown (1Y)Largest decline over 1 year | -11.13% | -13.96% | +2.83% |
Max Drawdown (5Y)Largest decline over 5 years | -27.37% | -34.84% | +7.47% |
Max Drawdown (10Y)Largest decline over 10 years | -41.58% | -34.84% | -6.74% |
Current DrawdownCurrent decline from peak | -6.94% | -10.65% | +3.71% |
Average DrawdownAverage peak-to-trough decline | -15.89% | -6.68% | -9.21% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.95% | 3.58% | -0.63% |
Volatility
PNGAX vs. FZAJX - Volatility Comparison
The current volatility for Putnam International Value Fund (PNGAX) is 7.24%, while Fidelity Advisor International Growth Fund Class Z (FZAJX) has a volatility of 9.11%. This indicates that PNGAX experiences smaller price fluctuations and is considered to be less risky than FZAJX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PNGAX | FZAJX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.24% | 9.11% | -1.87% |
Volatility (6M)Calculated over the trailing 6-month period | 10.72% | 13.20% | -2.48% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.49% | 19.32% | -2.83% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.66% | 17.65% | -1.99% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.04% | 17.56% | -0.52% |