PNGAX vs. PZRIX
Compare and contrast key facts about Putnam International Value Fund (PNGAX) and PIMCO RAE Global ex-US Fund (PZRIX).
PNGAX is managed by Putnam. It was launched on Jul 31, 1996. PZRIX is managed by PIMCO. It was launched on Jun 4, 2015.
Performance
PNGAX vs. PZRIX - Performance Comparison
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PNGAX vs. PZRIX - 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% |
PZRIX PIMCO RAE Global ex-US Fund | 9.93% | 34.05% | 3.29% | 19.31% | -9.11% | 12.08% | 1.74% | 15.94% | -14.93% | 26.00% |
Returns By Period
In the year-to-date period, PNGAX achieves a 2.61% return, which is significantly lower than PZRIX's 9.93% return. Over the past 10 years, PNGAX has underperformed PZRIX with an annualized return of 9.38%, while PZRIX has yielded a comparatively higher 10.15% 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%
PZRIX
- 1D
- 1.89%
- 1M
- -4.32%
- YTD
- 9.93%
- 6M
- 17.91%
- 1Y
- 37.11%
- 3Y*
- 19.65%
- 5Y*
- 10.81%
- 10Y*
- 10.15%
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PNGAX vs. PZRIX - Expense Ratio Comparison
PNGAX has a 1.27% expense ratio, which is higher than PZRIX's 0.00% expense ratio.
Return for Risk
PNGAX vs. PZRIX — Risk / Return Rank
PNGAX
PZRIX
PNGAX vs. PZRIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Putnam International Value Fund (PNGAX) and PIMCO RAE Global ex-US Fund (PZRIX). 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 | PZRIX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.47 | 2.67 | -1.20 |
Sortino ratioReturn per unit of downside risk | 1.95 | 3.39 | -1.45 |
Omega ratioGain probability vs. loss probability | 1.29 | 1.52 | -0.22 |
Calmar ratioReturn relative to maximum drawdown | 2.06 | 3.09 | -1.03 |
Martin ratioReturn relative to average drawdown | 7.77 | 14.29 | -6.52 |
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 | PZRIX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.47 | 2.67 | -1.20 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.70 | 0.69 | +0.02 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.55 | 0.60 | -0.05 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.34 | 0.59 | -0.25 |
Correlation
The correlation between PNGAX and PZRIX is 0.92, 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. PZRIX - Dividend Comparison
PNGAX's dividend yield for the trailing twelve months is around 2.89%, less than PZRIX's 5.96% 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% |
PZRIX PIMCO RAE Global ex-US Fund | 5.96% | 6.56% | 6.70% | 9.19% | 8.80% | 11.99% | 2.04% | 6.32% | 2.80% | 4.13% | 2.58% | 0.00% |
Drawdowns
PNGAX vs. PZRIX - Drawdown Comparison
The maximum PNGAX drawdown since its inception was -64.78%, which is greater than PZRIX's maximum drawdown of -43.53%. Use the drawdown chart below to compare losses from any high point for PNGAX and PZRIX.
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Drawdown Indicators
| PNGAX | PZRIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -64.78% | -43.53% | -21.25% |
Max Drawdown (1Y)Largest decline over 1 year | -11.13% | -10.68% | -0.45% |
Max Drawdown (5Y)Largest decline over 5 years | -27.37% | -30.85% | +3.48% |
Max Drawdown (10Y)Largest decline over 10 years | -41.58% | -43.53% | +1.95% |
Current DrawdownCurrent decline from peak | -6.94% | -5.20% | -1.74% |
Average DrawdownAverage peak-to-trough decline | -15.89% | -9.00% | -6.89% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.95% | 2.45% | +0.50% |
Volatility
PNGAX vs. PZRIX - Volatility Comparison
Putnam International Value Fund (PNGAX) has a higher volatility of 7.24% compared to PIMCO RAE Global ex-US Fund (PZRIX) at 5.45%. This indicates that PNGAX's price experiences larger fluctuations and is considered to be riskier than PZRIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PNGAX | PZRIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.24% | 5.45% | +1.79% |
Volatility (6M)Calculated over the trailing 6-month period | 10.72% | 8.92% | +1.80% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.49% | 14.17% | +2.32% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.66% | 15.85% | -0.19% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.04% | 17.02% | +0.02% |