PNRAX vs. PMYYX
Compare and contrast key facts about Putnam Research Fund (PNRAX) and Putnam Multi-Cap Core Fund (PMYYX).
PNRAX is managed by Putnam. It was launched on Oct 2, 1995. PMYYX is managed by Putnam. It was launched on Sep 24, 2010.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: PNRAX or PMYYX.
Key characteristics
| PNRAX | PMYYX | |
|---|---|---|
| YTD Return | 29.22% | 29.27% |
| 1Y Return | 41.79% | 39.30% |
| 3Y Return (Ann) | 5.42% | 6.61% |
| 5Y Return (Ann) | 11.34% | 13.06% |
| 10Y Return (Ann) | 9.22% | 11.35% |
| Sharpe Ratio | 3.21 | 3.07 |
| Sortino Ratio | 4.26 | 4.05 |
| Omega Ratio | 1.60 | 1.57 |
| Calmar Ratio | 2.29 | 2.91 |
| Martin Ratio | 19.91 | 20.51 |
| Ulcer Index | 2.04% | 1.86% |
| Daily Std Dev | 12.64% | 12.46% |
| Max Drawdown | -61.03% | -35.25% |
| Current Drawdown | 0.00% | 0.00% |
Correlation
The correlation between PNRAX and PMYYX is 0.97, 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. PMYYX - Performance Comparison
The year-to-date returns for both investments are quite close, with PNRAX having a 29.22% return and PMYYX slightly higher at 29.27%. Over the past 10 years, PNRAX has underperformed PMYYX with an annualized return of 9.22%, while PMYYX has yielded a comparatively higher 11.35% 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. PMYYX - Expense Ratio Comparison
PNRAX has a 1.03% expense ratio, which is higher than PMYYX's 0.71% expense ratio.
Risk-Adjusted Performance
PNRAX vs. PMYYX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Putnam Research Fund (PNRAX) and Putnam Multi-Cap Core Fund (PMYYX). 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. PMYYX - Dividend Comparison
PNRAX's dividend yield for the trailing twelve months is around 0.22%, less than PMYYX's 0.74% 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% |
PMYYX Putnam Multi-Cap Core Fund | 0.74% | 0.95% | 0.32% | 0.99% | 1.07% | 1.74% | 0.00% | 1.44% | 1.21% | 2.29% | 2.15% | 10.12% |
Drawdowns
PNRAX vs. PMYYX - Drawdown Comparison
The maximum PNRAX drawdown since its inception was -61.03%, which is greater than PMYYX's maximum drawdown of -35.25%. Use the drawdown chart below to compare losses from any high point for PNRAX and PMYYX. For additional features, visit the drawdowns tool.
Volatility
PNRAX vs. PMYYX - Volatility Comparison
The current volatility for Putnam Research Fund (PNRAX) is 3.91%, while Putnam Multi-Cap Core Fund (PMYYX) has a volatility of 4.13%. This indicates that PNRAX experiences smaller price fluctuations and is considered to be less risky than PMYYX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.