PNRAX vs. PGOYX
Compare and contrast key facts about Putnam Research Fund (PNRAX) and Putnam Large Cap Growth Y (PGOYX).
PNRAX is managed by Putnam. It was launched on Oct 2, 1995. PGOYX is managed by Putnam. It was launched on Aug 27, 1999.
Performance
PNRAX vs. PGOYX - Performance Comparison
Loading graphics...
PNRAX vs. PGOYX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
PNRAX Putnam Research Fund | -2.61% | 18.11% | 26.21% | 28.83% | -17.45% | 24.32% | 20.01% | 32.83% | -4.81% | 23.19% |
PGOYX Putnam Large Cap Growth Y | -8.75% | 14.56% | 33.58% | 44.57% | -30.25% | 22.95% | 38.79% | 36.76% | 2.58% | 31.29% |
Returns By Period
In the year-to-date period, PNRAX achieves a -2.61% return, which is significantly higher than PGOYX's -8.75% return. Over the past 10 years, PNRAX has underperformed PGOYX with an annualized return of 14.71%, while PGOYX has yielded a comparatively higher 16.93% annualized return.
PNRAX
- 1D
- 0.70%
- 1M
- -2.79%
- YTD
- -2.61%
- 6M
- 0.09%
- 1Y
- 20.84%
- 3Y*
- 20.36%
- 5Y*
- 12.45%
- 10Y*
- 14.71%
PGOYX
- 1D
- 1.02%
- 1M
- -4.07%
- YTD
- -8.75%
- 6M
- -8.50%
- 1Y
- 15.12%
- 3Y*
- 20.93%
- 5Y*
- 11.28%
- 10Y*
- 16.93%
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
PNRAX vs. PGOYX - Expense Ratio Comparison
PNRAX has a 1.03% expense ratio, which is higher than PGOYX's 0.65% expense ratio.
Return for Risk
PNRAX vs. PGOYX — Risk / Return Rank
PNRAX
PGOYX
PNRAX vs. PGOYX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Putnam Research Fund (PNRAX) and Putnam Large Cap Growth Y (PGOYX). 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 | PGOYX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.17 | 0.72 | +0.45 |
Sortino ratioReturn per unit of downside risk | 1.74 | 1.19 | +0.55 |
Omega ratioGain probability vs. loss probability | 1.27 | 1.17 | +0.11 |
Calmar ratioReturn relative to maximum drawdown | 1.80 | 1.05 | +0.75 |
Martin ratioReturn relative to average drawdown | 8.74 | 3.53 | +5.21 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading graphics...
Sharpe Ratios by Period
| PNRAX | PGOYX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.17 | 0.72 | +0.45 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.73 | 0.52 | +0.21 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.82 | 0.80 | +0.02 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.46 | 0.32 | +0.14 |
Correlation
The correlation between PNRAX and PGOYX is 0.94, 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. PGOYX - Dividend Comparison
PNRAX's dividend yield for the trailing twelve months is around 11.80%, more than PGOYX's 5.74% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PNRAX Putnam Research Fund | 11.80% | 11.49% | 7.57% | 0.28% | 9.46% | 7.67% | 2.02% | 7.24% | 15.09% | 1.57% | 1.06% | 1.19% |
PGOYX Putnam Large Cap Growth Y | 5.74% | 5.23% | 4.25% | 0.46% | 7.30% | 8.55% | 3.12% | 3.65% | 7.92% | 2.05% | 0.02% | 5.78% |
Drawdowns
PNRAX vs. PGOYX - Drawdown Comparison
The maximum PNRAX drawdown since its inception was -57.49%, smaller than the maximum PGOYX drawdown of -76.03%. Use the drawdown chart below to compare losses from any high point for PNRAX and PGOYX.
Loading graphics...
Drawdown Indicators
| PNRAX | PGOYX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -57.49% | -76.03% | +18.54% |
Max Drawdown (1Y)Largest decline over 1 year | -8.24% | -16.34% | +8.10% |
Max Drawdown (5Y)Largest decline over 5 years | -24.37% | -34.01% | +9.64% |
Max Drawdown (10Y)Largest decline over 10 years | -33.35% | -34.01% | +0.66% |
Current DrawdownCurrent decline from peak | -4.81% | -12.36% | +7.55% |
Average DrawdownAverage peak-to-trough decline | -12.11% | -31.71% | +19.60% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.53% | 4.84% | -2.31% |
Volatility
PNRAX vs. PGOYX - Volatility Comparison
The current volatility for Putnam Research Fund (PNRAX) is 5.44%, while Putnam Large Cap Growth Y (PGOYX) has a volatility of 6.97%. This indicates that PNRAX experiences smaller price fluctuations and is considered to be less risky than PGOYX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading graphics...
Volatility by Period
| PNRAX | PGOYX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.44% | 6.97% | -1.53% |
Volatility (6M)Calculated over the trailing 6-month period | 9.76% | 12.75% | -2.99% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.57% | 22.43% | -3.86% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.09% | 21.67% | -4.58% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.95% | 21.15% | -3.20% |