PNRAX vs. FXAIX
Compare and contrast key facts about Putnam Research Fund (PNRAX) and Fidelity 500 Index Fund (FXAIX).
PNRAX is managed by Putnam. It was launched on Oct 2, 1995. FXAIX is managed by Fidelity.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: PNRAX or FXAIX.
Performance
PNRAX vs. FXAIX - Performance Comparison
Returns By Period
In the year-to-date period, PNRAX achieves a 28.44% return, which is significantly higher than FXAIX's 26.70% return. Over the past 10 years, PNRAX has underperformed FXAIX with an annualized return of 8.95%, while FXAIX has yielded a comparatively higher 13.12% annualized return.
PNRAX
28.44%
3.08%
12.58%
34.85%
11.08%
8.95%
FXAIX
26.70%
3.09%
13.28%
32.84%
15.78%
13.12%
Key characteristics
| PNRAX | FXAIX | |
|---|---|---|
| Sharpe Ratio | 2.78 | 2.68 |
| Sortino Ratio | 3.71 | 3.58 |
| Omega Ratio | 1.51 | 1.50 |
| Calmar Ratio | 2.45 | 3.89 |
| Martin Ratio | 16.95 | 17.48 |
| Ulcer Index | 2.06% | 1.88% |
| Daily Std Dev | 12.53% | 12.24% |
| Max Drawdown | -61.03% | -33.79% |
| Current Drawdown | -0.62% | -0.46% |
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PNRAX vs. FXAIX - Expense Ratio Comparison
PNRAX has a 1.03% expense ratio, which is higher than FXAIX's 0.02% expense ratio.
Correlation
The correlation between PNRAX and FXAIX is 0.98, 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.
Risk-Adjusted Performance
PNRAX vs. FXAIX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Putnam Research Fund (PNRAX) and Fidelity 500 Index Fund (FXAIX). 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. FXAIX - Dividend Comparison
PNRAX's dividend yield for the trailing twelve months is around 0.22%, less than FXAIX's 1.21% 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% |
FXAIX Fidelity 500 Index Fund | 1.21% | 1.45% | 1.69% | 1.22% | 1.60% | 1.95% | 2.07% | 1.81% | 2.01% | 2.56% | 2.63% | 1.84% |
Drawdowns
PNRAX vs. FXAIX - Drawdown Comparison
The maximum PNRAX drawdown since its inception was -61.03%, which is greater than FXAIX's maximum drawdown of -33.79%. Use the drawdown chart below to compare losses from any high point for PNRAX and FXAIX. For additional features, visit the drawdowns tool.
Volatility
PNRAX vs. FXAIX - Volatility Comparison
Putnam Research Fund (PNRAX) and Fidelity 500 Index Fund (FXAIX) have volatilities of 3.92% and 3.96%, 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.