PNRAX vs. CMNWX
Compare and contrast key facts about Putnam Research Fund (PNRAX) and Principal Capital Appreciation Fund (CMNWX).
PNRAX is managed by Putnam. It was launched on Oct 2, 1995. CMNWX is managed by Principal. It was launched on Nov 24, 1986.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: PNRAX or CMNWX.
Key characteristics
| PNRAX | CMNWX | |
|---|---|---|
| YTD Return | 29.22% | 28.70% |
| 1Y Return | 41.79% | 41.63% |
| 3Y Return (Ann) | 5.42% | 7.69% |
| 5Y Return (Ann) | 11.34% | 11.65% |
| 10Y Return (Ann) | 9.22% | 4.65% |
| Sharpe Ratio | 3.21 | 3.24 |
| Sortino Ratio | 4.26 | 4.36 |
| Omega Ratio | 1.60 | 1.61 |
| Calmar Ratio | 2.29 | 3.24 |
| Martin Ratio | 19.91 | 21.65 |
| Ulcer Index | 2.04% | 1.88% |
| Daily Std Dev | 12.64% | 12.53% |
| Max Drawdown | -61.03% | -57.43% |
| Current Drawdown | 0.00% | 0.00% |
Correlation
The correlation between PNRAX and CMNWX 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.
Performance
PNRAX vs. CMNWX - Performance Comparison
The year-to-date returns for both stocks are quite close, with PNRAX having a 29.22% return and CMNWX slightly lower at 28.70%. Over the past 10 years, PNRAX has outperformed CMNWX with an annualized return of 9.22%, while CMNWX has yielded a comparatively lower 4.65% annualized return. 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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PNRAX vs. CMNWX - Expense Ratio Comparison
PNRAX has a 1.03% expense ratio, which is higher than CMNWX's 0.80% expense ratio.
Risk-Adjusted Performance
PNRAX vs. CMNWX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Putnam Research Fund (PNRAX) and Principal Capital Appreciation Fund (CMNWX). 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
PNRAX vs. CMNWX - Dividend Comparison
PNRAX's dividend yield for the trailing twelve months is around 0.22%, less than CMNWX's 0.55% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PNRAX Putnam Research Fund | 0.22% | 0.28% | 1.14% | 0.00% | 0.59% | 0.98% | 0.42% | 0.00% | 1.06% | 1.19% | 0.98% | 0.69% |
CMNWX Principal Capital Appreciation Fund | 0.55% | 0.71% | 0.69% | 0.43% | 0.78% | 0.93% | 1.62% | 1.01% | 1.07% | 1.19% | 0.92% | 0.76% |
Drawdowns
PNRAX vs. CMNWX - Drawdown Comparison
The maximum PNRAX drawdown since its inception was -61.03%, which is greater than CMNWX's maximum drawdown of -57.43%. Use the drawdown chart below to compare losses from any high point for PNRAX and CMNWX. For additional features, visit the drawdowns tool.
Volatility
PNRAX vs. CMNWX - Volatility Comparison
Putnam Research Fund (PNRAX) and Principal Capital Appreciation Fund (CMNWX) have volatilities of 3.91% and 4.11%, 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.