PNRAX vs. FAGCX
Compare and contrast key facts about Putnam Research Fund (PNRAX) and Fidelity Advisor Growth Opportunities Fund Class I (FAGCX).
PNRAX is managed by Putnam. It was launched on Oct 2, 1995. FAGCX is managed by Fidelity. It was launched on Jul 3, 1995.
Performance
PNRAX vs. FAGCX - Performance Comparison
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PNRAX vs. FAGCX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
PNRAX Putnam Research Fund | -3.29% | 18.11% | 26.21% | 28.83% | -17.45% | 24.32% | 20.01% | 32.83% | -4.81% | 23.19% |
FAGCX Fidelity Advisor Growth Opportunities Fund Class I | -9.48% | 22.47% | 39.06% | 45.51% | -32.60% | 16.63% | 74.20% | 47.51% | 19.08% | 37.70% |
Returns By Period
In the year-to-date period, PNRAX achieves a -3.29% return, which is significantly higher than FAGCX's -9.48% return. Over the past 10 years, PNRAX has underperformed FAGCX with an annualized return of 14.63%, while FAGCX has yielded a comparatively higher 22.70% annualized return.
PNRAX
- 1D
- 3.01%
- 1M
- -4.49%
- YTD
- -3.29%
- 6M
- -0.60%
- 1Y
- 20.82%
- 3Y*
- 20.08%
- 5Y*
- 12.29%
- 10Y*
- 14.63%
FAGCX
- 1D
- 4.77%
- 1M
- -5.79%
- YTD
- -9.48%
- 6M
- -8.40%
- 1Y
- 23.02%
- 3Y*
- 25.13%
- 5Y*
- 10.36%
- 10Y*
- 22.70%
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PNRAX vs. FAGCX - Expense Ratio Comparison
PNRAX has a 1.03% expense ratio, which is higher than FAGCX's 0.79% expense ratio.
Return for Risk
PNRAX vs. FAGCX — Risk / Return Rank
PNRAX
FAGCX
PNRAX vs. FAGCX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Putnam Research Fund (PNRAX) and Fidelity Advisor Growth Opportunities Fund Class I (FAGCX). 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.
| PNRAX | FAGCX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.15 | 1.00 | +0.15 |
Sortino ratioReturn per unit of downside risk | 1.71 | 1.53 | +0.19 |
Omega ratioGain probability vs. loss probability | 1.27 | 1.22 | +0.05 |
Calmar ratioReturn relative to maximum drawdown | 1.78 | 1.48 | +0.29 |
Martin ratioReturn relative to average drawdown | 8.70 | 5.36 | +3.34 |
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
| PNRAX | FAGCX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.15 | 1.00 | +0.15 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.72 | 0.41 | +0.31 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.82 | 0.93 | -0.12 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.46 | 0.48 | -0.02 |
Correlation
The correlation between PNRAX and FAGCX is 0.90, 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
PNRAX vs. FAGCX - Dividend Comparison
PNRAX's dividend yield for the trailing twelve months is around 11.88%, more than FAGCX's 4.05% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PNRAX Putnam Research Fund | 11.88% | 11.49% | 7.57% | 0.28% | 9.46% | 7.67% | 2.02% | 7.24% | 15.09% | 1.57% | 1.06% | 1.19% |
FAGCX Fidelity Advisor Growth Opportunities Fund Class I | 4.05% | 3.67% | 0.00% | 0.00% | 11.34% | 14.14% | 7.31% | 7.69% | 14.30% | 8.00% | 15.78% | 16.11% |
Drawdowns
PNRAX vs. FAGCX - Drawdown Comparison
The maximum PNRAX drawdown since its inception was -57.49%, smaller than the maximum FAGCX drawdown of -69.09%. Use the drawdown chart below to compare losses from any high point for PNRAX and FAGCX.
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Drawdown Indicators
| PNRAX | FAGCX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -57.49% | -69.09% | +11.60% |
Max Drawdown (1Y)Largest decline over 1 year | -12.28% | -16.10% | +3.82% |
Max Drawdown (5Y)Largest decline over 5 years | -24.37% | -38.72% | +14.35% |
Max Drawdown (10Y)Largest decline over 10 years | -33.35% | -38.72% | +5.37% |
Current DrawdownCurrent decline from peak | -5.47% | -12.10% | +6.63% |
Average DrawdownAverage peak-to-trough decline | -12.11% | -18.84% | +6.73% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.51% | 4.46% | -1.95% |
Volatility
PNRAX vs. FAGCX - Volatility Comparison
The current volatility for Putnam Research Fund (PNRAX) is 5.44%, while Fidelity Advisor Growth Opportunities Fund Class I (FAGCX) has a volatility of 8.51%. This indicates that PNRAX experiences smaller price fluctuations and is considered to be less risky than FAGCX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PNRAX | FAGCX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.44% | 8.51% | -3.07% |
Volatility (6M)Calculated over the trailing 6-month period | 9.74% | 14.81% | -5.07% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.57% | 24.42% | -5.85% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.09% | 25.44% | -8.35% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.95% | 24.42% | -6.47% |