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PNSAX vs. OBMCX
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Key characteristics


PNSAXOBMCX
YTD Return34.30%28.00%
1Y Return52.45%50.16%
3Y Return (Ann)-1.40%1.85%
5Y Return (Ann)11.03%17.56%
10Y Return (Ann)10.83%9.83%
Sharpe Ratio2.742.18
Sortino Ratio3.672.94
Omega Ratio1.451.36
Calmar Ratio1.401.68
Martin Ratio17.9312.43
Ulcer Index2.95%4.07%
Daily Std Dev19.31%23.17%
Max Drawdown-61.15%-81.09%
Current Drawdown-5.34%-1.07%

Correlation

-0.50.00.51.00.9

The correlation between PNSAX and OBMCX is 0.88, 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

PNSAX vs. OBMCX - Performance Comparison

In the year-to-date period, PNSAX achieves a 34.30% return, which is significantly higher than OBMCX's 28.00% return. Over the past 10 years, PNSAX has outperformed OBMCX with an annualized return of 10.83%, while OBMCX has yielded a comparatively lower 9.83% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.


0.00%5.00%10.00%15.00%20.00%JuneJulyAugustSeptemberOctoberNovember
19.46%
21.23%
PNSAX
OBMCX

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PNSAX vs. OBMCX - Expense Ratio Comparison

PNSAX has a 1.23% expense ratio, which is lower than OBMCX's 1.48% expense ratio.


OBMCX
Oberweis Micro Cap Fund
Expense ratio chart for OBMCX: current value at 1.48% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%1.48%
Expense ratio chart for PNSAX: current value at 1.23% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%1.23%

Risk-Adjusted Performance

PNSAX vs. OBMCX - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for Putnam Small Cap Growth Fund (PNSAX) and Oberweis Micro Cap Fund (OBMCX). 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.


PNSAX
Sharpe ratio
The chart of Sharpe ratio for PNSAX, currently valued at 2.74, compared to the broader market0.002.004.002.74
Sortino ratio
The chart of Sortino ratio for PNSAX, currently valued at 3.67, compared to the broader market0.005.0010.003.67
Omega ratio
The chart of Omega ratio for PNSAX, currently valued at 1.45, compared to the broader market1.002.003.004.001.45
Calmar ratio
The chart of Calmar ratio for PNSAX, currently valued at 1.40, compared to the broader market0.005.0010.0015.0020.0025.001.40
Martin ratio
The chart of Martin ratio for PNSAX, currently valued at 17.93, compared to the broader market0.0020.0040.0060.0080.00100.0017.93
OBMCX
Sharpe ratio
The chart of Sharpe ratio for OBMCX, currently valued at 2.18, compared to the broader market0.002.004.002.18
Sortino ratio
The chart of Sortino ratio for OBMCX, currently valued at 2.94, compared to the broader market0.005.0010.002.94
Omega ratio
The chart of Omega ratio for OBMCX, currently valued at 1.36, compared to the broader market1.002.003.004.001.36
Calmar ratio
The chart of Calmar ratio for OBMCX, currently valued at 1.68, compared to the broader market0.005.0010.0015.0020.0025.001.68
Martin ratio
The chart of Martin ratio for OBMCX, currently valued at 12.43, compared to the broader market0.0020.0040.0060.0080.00100.0012.43

PNSAX vs. OBMCX - Sharpe Ratio Comparison

The current PNSAX Sharpe Ratio is 2.74, which is comparable to the OBMCX Sharpe Ratio of 2.18. The chart below compares the historical Sharpe Ratios of PNSAX and OBMCX, 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 Ratio0.000.501.001.502.002.503.00JuneJulyAugustSeptemberOctoberNovember
2.74
2.18
PNSAX
OBMCX

Dividends

PNSAX vs. OBMCX - Dividend Comparison

Neither PNSAX nor OBMCX has paid dividends to shareholders.


Tickers have no history of dividend payments

Drawdowns

PNSAX vs. OBMCX - Drawdown Comparison

The maximum PNSAX drawdown since its inception was -61.15%, smaller than the maximum OBMCX drawdown of -81.09%. Use the drawdown chart below to compare losses from any high point for PNSAX and OBMCX. For additional features, visit the drawdowns tool.


-20.00%-15.00%-10.00%-5.00%0.00%JuneJulyAugustSeptemberOctoberNovember
-5.34%
-1.07%
PNSAX
OBMCX

Volatility

PNSAX vs. OBMCX - Volatility Comparison

The current volatility for Putnam Small Cap Growth Fund (PNSAX) is 5.94%, while Oberweis Micro Cap Fund (OBMCX) has a volatility of 6.45%. This indicates that PNSAX experiences smaller price fluctuations and is considered to be less risky than OBMCX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.


4.00%6.00%8.00%10.00%JuneJulyAugustSeptemberOctoberNovember
5.94%
6.45%
PNSAX
OBMCX