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.
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.
Performance
PNRAX vs. FXAIX - Performance Comparison
Key characteristics
PNRAX:
1.38
FXAIX:
2.17
PNRAX:
1.74
FXAIX:
2.89
PNRAX:
1.28
FXAIX:
1.41
PNRAX:
1.77
FXAIX:
3.21
PNRAX:
7.27
FXAIX:
14.15
PNRAX:
2.75%
FXAIX:
1.92%
PNRAX:
14.59%
FXAIX:
12.50%
PNRAX:
-61.03%
FXAIX:
-33.79%
PNRAX:
-8.87%
FXAIX:
-2.20%
Returns By Period
In the year-to-date period, PNRAX achieves a 19.34% return, which is significantly lower than FXAIX's 26.49% return. Over the past 10 years, PNRAX has underperformed FXAIX with an annualized return of 8.08%, while FXAIX has yielded a comparatively higher 12.91% annualized return.
PNRAX
19.34%
-7.08%
1.88%
19.88%
9.92%
8.08%
FXAIX
26.49%
-0.16%
9.99%
26.93%
14.89%
12.91%
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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.
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 has not paid dividends to shareholders, while FXAIX's dividend yield for the trailing twelve months is around 0.88%.
| 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% |
FXAIX Fidelity 500 Index Fund | 0.88% | 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) has a higher volatility of 8.14% compared to Fidelity 500 Index Fund (FXAIX) at 3.74%. This indicates that PNRAX's price experiences larger fluctuations and is considered to be riskier than FXAIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.