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.
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
Key characteristics
PNRAX:
1.38
CMNWX:
1.66
PNRAX:
1.74
CMNWX:
2.16
PNRAX:
1.28
CMNWX:
1.31
PNRAX:
1.77
CMNWX:
2.63
PNRAX:
7.27
CMNWX:
10.80
PNRAX:
2.75%
CMNWX:
2.09%
PNRAX:
14.59%
CMNWX:
13.69%
PNRAX:
-61.03%
CMNWX:
-57.43%
PNRAX:
-8.87%
CMNWX:
-7.01%
Returns By Period
In the year-to-date period, PNRAX achieves a 19.34% return, which is significantly lower than CMNWX's 22.06% return. Over the past 10 years, PNRAX has outperformed CMNWX with an annualized return of 8.08%, while CMNWX has yielded a comparatively lower 4.23% annualized return.
PNRAX
19.34%
-7.08%
1.88%
19.88%
9.92%
8.08%
CMNWX
22.06%
-5.09%
4.86%
22.57%
11.08%
4.23%
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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 has not paid dividends to shareholders, while CMNWX's dividend yield for the trailing twelve months is around 0.58%.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PNRAX Putnam Research Fund | 0.00% | 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 | 0.58% | 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) has a higher volatility of 8.14% compared to Principal Capital Appreciation Fund (CMNWX) at 6.35%. This indicates that PNRAX's price experiences larger fluctuations and is considered to be riskier than CMNWX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.