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PNRAX vs. VFIAX
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Correlation

The correlation between PNRAX and VFIAX 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. VFIAX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Putnam Research Fund (PNRAX) and Vanguard 500 Index Fund Admiral Shares (VFIAX). The values are adjusted to include any dividend payments, if applicable.

200.00%300.00%400.00%500.00%600.00%December2025FebruaryMarchAprilMay
224.10%
548.58%
PNRAX
VFIAX

Key characteristics

Sharpe Ratio

PNRAX:

0.07

VFIAX:

0.58

Sortino Ratio

PNRAX:

0.23

VFIAX:

0.94

Omega Ratio

PNRAX:

1.04

VFIAX:

1.14

Calmar Ratio

PNRAX:

0.06

VFIAX:

0.60

Martin Ratio

PNRAX:

0.18

VFIAX:

2.35

Ulcer Index

PNRAX:

8.28%

VFIAX:

4.80%

Daily Std Dev

PNRAX:

20.76%

VFIAX:

19.36%

Max Drawdown

PNRAX:

-61.03%

VFIAX:

-55.20%

Current Drawdown

PNRAX:

-14.82%

VFIAX:

-8.11%

Returns By Period

In the year-to-date period, PNRAX achieves a -5.57% return, which is significantly lower than VFIAX's -3.86% return. Over the past 10 years, PNRAX has underperformed VFIAX with an annualized return of 7.09%, while VFIAX has yielded a comparatively higher 12.25% annualized return.


PNRAX

YTD

-5.57%

1M

11.30%

6M

-12.66%

1Y

0.29%

5Y*

10.24%

10Y*

7.09%

VFIAX

YTD

-3.86%

1M

11.32%

6M

-4.41%

1Y

9.98%

5Y*

15.73%

10Y*

12.25%

*Annualized

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PNRAX vs. VFIAX - Expense Ratio Comparison

PNRAX has a 1.03% expense ratio, which is higher than VFIAX's 0.04% expense ratio.


Risk-Adjusted Performance

PNRAX vs. VFIAX — Risk-Adjusted Performance Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

PNRAX
The Risk-Adjusted Performance Rank of PNRAX is 2323
Overall Rank
The Sharpe Ratio Rank of PNRAX is 2222
Sharpe Ratio Rank
The Sortino Ratio Rank of PNRAX is 2323
Sortino Ratio Rank
The Omega Ratio Rank of PNRAX is 2323
Omega Ratio Rank
The Calmar Ratio Rank of PNRAX is 2323
Calmar Ratio Rank
The Martin Ratio Rank of PNRAX is 2222
Martin Ratio Rank

VFIAX
The Risk-Adjusted Performance Rank of VFIAX is 5757
Overall Rank
The Sharpe Ratio Rank of VFIAX is 5252
Sharpe Ratio Rank
The Sortino Ratio Rank of VFIAX is 5353
Sortino Ratio Rank
The Omega Ratio Rank of VFIAX is 5656
Omega Ratio Rank
The Calmar Ratio Rank of VFIAX is 6464
Calmar Ratio Rank
The Martin Ratio Rank of VFIAX is 5858
Martin Ratio Rank
The risk-adjusted ranks indicate the investment's position relative to the market. A rank closer to 100 signifies top-performing investments, while a rank closer to 0 might suggest underperformance, based on the selected ratio. The values are calculated based on the past 12 months of returns.

PNRAX vs. VFIAX - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for Putnam Research Fund (PNRAX) and Vanguard 500 Index Fund Admiral Shares (VFIAX). 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.


The current PNRAX Sharpe Ratio is 0.07, which is lower than the VFIAX Sharpe Ratio of 0.58. The chart below compares the historical Sharpe Ratios of PNRAX and VFIAX, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.


Rolling 12-month Sharpe Ratio-1.000.001.002.003.00December2025FebruaryMarchAprilMay
0.01
0.52
PNRAX
VFIAX

Dividends

PNRAX vs. VFIAX - Dividend Comparison

PNRAX's dividend yield for the trailing twelve months is around 8.02%, more than VFIAX's 1.34% yield.


TTM20242023202220212020201920182017201620152014
PNRAX
Putnam Research Fund
8.02%7.57%0.28%9.46%7.67%2.02%7.24%15.09%1.57%1.06%1.19%0.98%
VFIAX
Vanguard 500 Index Fund Admiral Shares
1.34%1.24%1.45%1.68%1.24%1.53%1.87%2.05%1.78%2.02%2.10%1.85%

Drawdowns

PNRAX vs. VFIAX - Drawdown Comparison

The maximum PNRAX drawdown since its inception was -61.03%, which is greater than VFIAX's maximum drawdown of -55.20%. Use the drawdown chart below to compare losses from any high point for PNRAX and VFIAX. For additional features, visit the drawdowns tool.


-25.00%-20.00%-15.00%-10.00%-5.00%0.00%December2025FebruaryMarchAprilMay
-14.82%
-8.11%
PNRAX
VFIAX

Volatility

PNRAX vs. VFIAX - Volatility Comparison

Putnam Research Fund (PNRAX) and Vanguard 500 Index Fund Admiral Shares (VFIAX) have volatilities of 11.47% and 11.42%, 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.


2.00%4.00%6.00%8.00%10.00%12.00%14.00%December2025FebruaryMarchAprilMay
11.47%
11.42%
PNRAX
VFIAX