POVSX vs. AEPGX

Last updated Jun 5, 2026

POVSX (Putnam International Equity Fund) and AEPGX (American Funds EuroPacific Growth Fund Class A) are both Foreign Large Cap Equities funds. Over the past 10 years, POVSX returned 9.58%/yr vs 8.59%/yr for AEPGX. Their correlation of 0.91 suggests significant overlap in exposure. POVSX charges 1.25%/yr vs 0.80%/yr for AEPGX.

Performance

POVSX vs. AEPGX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Putnam International Equity Fund (POVSX) and American Funds EuroPacific Growth Fund Class A (AEPGX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

The year-to-date returns for both stocks are quite close, with POVSX having a 11.86% return and AEPGX slightly lower at 11.29%. Over the past 10 years, POVSX has outperformed AEPGX with an annualized return of 9.58%, while AEPGX has yielded a comparatively lower 8.59% annualized return.

POVSX

• 1D: -0.81%
• 1M: 3.48%
• YTD: 11.86%
• 6M: 13.60%
• 1Y: 27.69%
• 3Y*: 19.79%
• 5Y*: 9.48%
• 10Y*: 9.58%

AEPGX

• 1D: -0.80%
• 1M: 5.58%
• YTD: 11.29%
• 6M: 13.65%
• 1Y: 27.08%
• 3Y*: 15.63%
• 5Y*: 3.82%
• 10Y*: 8.59%

*Multi-year figures are annualized to reflect compound growth (CAGR)

POVSX vs. AEPGX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
POVSX Putnam International Equity Fund	11.86%	37.27%	3.57%	18.65%	-14.84%	8.95%	11.78%	25.50%	-19.46%	26.47%
AEPGX American Funds EuroPacific Growth Fund Class A	11.29%	28.88%	2.63%	15.65%	-23.06%	-1.64%	24.80%	26.94%	-15.21%	30.74%

Correlation

The correlation between POVSX and AEPGX is 0.89, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.89
Correlation (3Y) Calculated over the trailing 3-year period	0.90
Correlation (5Y) Calculated over the trailing 5-year period	0.91
Correlation (10Y) Calculated over the trailing 10-year period	0.91
Correlation (All Time) Calculated using the full available price history since Mar 1, 1991	0.91

The correlation between POVSX and AEPGX has been stable across timeframes, ranging from 0.89 to 0.91 - a consistent structural relationship.

Return for Risk

POVSX vs. AEPGX — Risk / Return Rank

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

POVSX

POVSX Risk / Return Rank: 40
POVSX Sharpe Ratio Rank: 40
POVSX Sortino Ratio Rank: 38
POVSX Omega Ratio Rank: 39
POVSX Calmar Ratio Rank: 40
POVSX Martin Ratio Rank: 43

AEPGX

AEPGX Risk / Return Rank: 38
AEPGX Sharpe Ratio Rank: 39
AEPGX Sortino Ratio Rank: 39
AEPGX Omega Ratio Rank: 39
AEPGX Calmar Ratio Rank: 35
AEPGX Martin Ratio Rank: 39

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

POVSX vs. AEPGX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Putnam International Equity Fund (POVSX) and American Funds EuroPacific Growth Fund Class A (AEPGX). 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.

	POVSX	AEPGX	Difference
Sharpe ratio: Return per unit of total volatility	1.80	1.82	-0.02
Sortino ratio: Return per unit of downside risk	2.49	2.60	-0.12
Omega ratio: Gain probability vs. loss probability	1.32	1.34	-0.01
Calmar ratio: Return relative to maximum drawdown	2.34	2.24	+0.10
Martin ratio: Return relative to average drawdown	8.86	8.42	+0.45
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

POVSX vs. AEPGX - Sharpe Ratio Comparison

The current POVSX Sharpe Ratio is 1.80, which is comparable to the AEPGX Sharpe Ratio of 1.82. The chart below compares the historical Sharpe Ratios of POVSX and AEPGX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	POVSX	AEPGX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.80	1.82	-0.02
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.58	0.23	+0.35
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.57	0.51	+0.06
Sharpe Ratio (All Time) Calculated using the full available price history	0.43	0.52	-0.09

Drawdowns

POVSX vs. AEPGX - Drawdown Comparison

The maximum POVSX drawdown since its inception was -62.97%, which is greater than AEPGX's maximum drawdown of -53.98%. Use the drawdown chart below to compare losses from any high point for POVSX and AEPGX.

Drawdown Indicators

	POVSX	AEPGX	Difference
Max Drawdown Largest peak-to-trough decline	-62.97%	-53.98%	-8.99%
Max Drawdown (1Y) Largest decline over 1 year	-12.20%	-12.56%	+0.36%
Max Drawdown (3Y) Largest decline over 3 years	-13.36%	-15.75%	+2.39%
Max Drawdown (5Y) Largest decline over 5 years	-31.24%	-38.22%	+6.98%
Max Drawdown (10Y) Largest decline over 10 years	-36.58%	-38.50%	+1.92%
Current Drawdown Current decline from peak	-0.81%	-0.80%	-0.01%
Average Drawdown Average peak-to-trough decline	-14.39%	-11.47%	-2.92%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.22%	3.33%	-0.11%

Volatility

POVSX vs. AEPGX - Volatility Comparison

Putnam International Equity Fund (POVSX) and American Funds EuroPacific Growth Fund Class A (AEPGX) have volatilities of 5.32% and 5.52%, 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.

Volatility by Period

	POVSX	AEPGX	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.32%	5.52%	-0.20%
Volatility (6M) Calculated over the trailing 6-month period	12.98%	12.93%	+0.05%
Volatility (1Y) Calculated over the trailing 1-year period	15.85%	15.39%	+0.46%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.34%	16.74%	-0.40%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.96%	16.94%	+0.02%

POVSX vs. AEPGX - Expense Ratio Comparison

POVSX has a 1.25% expense ratio, which is higher than AEPGX's 0.80% expense ratio.

Dividends

POVSX vs. AEPGX - Dividend Comparison

POVSX's dividend yield for the trailing twelve months is around 9.48%, less than AEPGX's 12.30% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
AEPGX American Funds EuroPacific Growth Fund Class A	12.30%	13.69%	4.56%	3.57%	1.72%	5.15%	0.17%	2.79%	6.33%	4.66%	1.24%	3.05%
POVSX Putnam International Equity Fund	9.48%	10.60%	5.33%	1.88%	0.00%	14.17%	2.56%	1.58%	6.42%	0.32%	3.09%	2.70%

Frequently Asked Questions

Can I hold both POVSX and AEPGX in my portfolio?

POVSX and AEPGX have a correlation of 0.89, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, POVSX or AEPGX?

AEPGX has higher volatility (5.52%) compared to POVSX (5.32%). In terms of maximum drawdown, POVSX dropped -62.97% vs AEPGX's -53.98%.

Which has better risk-adjusted returns?

AEPGX currently has the higher Sharpe Ratio (1.82 vs 1.80), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.