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.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: PNRAX or FAGCX.
Key characteristics
| PNRAX | FAGCX | |
|---|---|---|
| YTD Return | 29.22% | 39.55% |
| 1Y Return | 41.79% | 56.95% |
| 3Y Return (Ann) | 5.42% | 2.13% |
| 5Y Return (Ann) | 11.34% | 16.29% |
| 10Y Return (Ann) | 9.22% | 11.82% |
| Sharpe Ratio | 3.21 | 2.79 |
| Sortino Ratio | 4.26 | 3.56 |
| Omega Ratio | 1.60 | 1.49 |
| Calmar Ratio | 2.29 | 1.71 |
| Martin Ratio | 19.91 | 16.24 |
| Ulcer Index | 2.04% | 3.42% |
| Daily Std Dev | 12.64% | 19.88% |
| Max Drawdown | -61.03% | -65.09% |
| Current Drawdown | 0.00% | 0.00% |
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.
Performance
PNRAX vs. FAGCX - Performance Comparison
In the year-to-date period, PNRAX achieves a 29.22% return, which is significantly lower than FAGCX's 39.55% return. Over the past 10 years, PNRAX has underperformed FAGCX with an annualized return of 9.22%, while FAGCX has yielded a comparatively higher 11.82% 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. FAGCX - Expense Ratio Comparison
PNRAX has a 1.03% expense ratio, which is higher than FAGCX's 0.79% expense ratio.
Risk-Adjusted Performance
PNRAX vs. FAGCX - Risk-Adjusted Performance 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.
Dividends
PNRAX vs. FAGCX - Dividend Comparison
PNRAX's dividend yield for the trailing twelve months is around 0.22%, while FAGCX has not paid dividends to shareholders.
| 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% |
FAGCX Fidelity Advisor Growth Opportunities Fund Class I | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
PNRAX vs. FAGCX - Drawdown Comparison
The maximum PNRAX drawdown since its inception was -61.03%, smaller than the maximum FAGCX drawdown of -65.09%. Use the drawdown chart below to compare losses from any high point for PNRAX and FAGCX. For additional features, visit the drawdowns tool.
Volatility
PNRAX vs. FAGCX - Volatility Comparison
The current volatility for Putnam Research Fund (PNRAX) is 3.91%, while Fidelity Advisor Growth Opportunities Fund Class I (FAGCX) has a volatility of 5.47%. 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.