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PVAL vs. BMAR
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Correlation

The correlation between PVAL and BMAR is 0.83, 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.


-0.50.00.51.00.8

Performance

PVAL vs. BMAR - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Putnam Focused Large Cap Value ETF (PVAL) and Innovator U.S. Equity Buffer ETF - March (BMAR). The values are adjusted to include any dividend payments, if applicable.

0.00%5.00%10.00%JulyAugustSeptemberOctoberNovemberDecember
4.53%
7.97%
PVAL
BMAR

Key characteristics

Sharpe Ratio

PVAL:

1.94

BMAR:

2.40

Sortino Ratio

PVAL:

2.69

BMAR:

3.26

Omega Ratio

PVAL:

1.35

BMAR:

1.49

Calmar Ratio

PVAL:

2.90

BMAR:

3.34

Martin Ratio

PVAL:

10.98

BMAR:

15.68

Ulcer Index

PVAL:

1.98%

BMAR:

1.17%

Daily Std Dev

PVAL:

11.19%

BMAR:

7.63%

Max Drawdown

PVAL:

-16.64%

BMAR:

-21.43%

Current Drawdown

PVAL:

-5.63%

BMAR:

-0.03%

Returns By Period

In the year-to-date period, PVAL achieves a 20.81% return, which is significantly higher than BMAR's 17.85% return.


PVAL

YTD

20.81%

1M

-4.65%

6M

4.22%

1Y

21.74%

5Y*

N/A

10Y*

N/A

BMAR

YTD

17.85%

1M

1.00%

6M

8.28%

1Y

18.29%

5Y*

N/A

10Y*

N/A

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PVAL vs. BMAR - Expense Ratio Comparison

PVAL has a 0.55% expense ratio, which is lower than BMAR's 0.79% expense ratio.


BMAR
Innovator U.S. Equity Buffer ETF - March
Expense ratio chart for BMAR: current value at 0.79% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.79%
Expense ratio chart for PVAL: current value at 0.55% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.55%

Risk-Adjusted Performance

PVAL vs. BMAR - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for Putnam Focused Large Cap Value ETF (PVAL) and Innovator U.S. Equity Buffer ETF - March (BMAR). 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.


Sharpe ratio
The chart of Sharpe ratio for PVAL, currently valued at 1.94, compared to the broader market0.002.004.001.942.40
The chart of Sortino ratio for PVAL, currently valued at 2.69, compared to the broader market-2.000.002.004.006.008.0010.002.693.26
The chart of Omega ratio for PVAL, currently valued at 1.35, compared to the broader market0.501.001.502.002.503.001.351.49
The chart of Calmar ratio for PVAL, currently valued at 2.90, compared to the broader market0.005.0010.0015.002.903.34
The chart of Martin ratio for PVAL, currently valued at 10.98, compared to the broader market0.0020.0040.0060.0080.00100.0010.9815.68
PVAL
BMAR

The current PVAL Sharpe Ratio is 1.94, which is comparable to the BMAR Sharpe Ratio of 2.40. The chart below compares the historical Sharpe Ratios of PVAL and BMAR, 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 Ratio1.502.002.503.003.50JulyAugustSeptemberOctoberNovemberDecember
1.94
2.40
PVAL
BMAR

Dividends

PVAL vs. BMAR - Dividend Comparison

PVAL's dividend yield for the trailing twelve months is around 1.32%, while BMAR has not paid dividends to shareholders.


TTM202320222021
PVAL
Putnam Focused Large Cap Value ETF
1.32%1.33%0.59%0.47%
BMAR
Innovator U.S. Equity Buffer ETF - March
0.00%0.00%0.00%0.00%

Drawdowns

PVAL vs. BMAR - Drawdown Comparison

The maximum PVAL drawdown since its inception was -16.64%, smaller than the maximum BMAR drawdown of -21.43%. Use the drawdown chart below to compare losses from any high point for PVAL and BMAR. For additional features, visit the drawdowns tool.


-8.00%-6.00%-4.00%-2.00%0.00%JulyAugustSeptemberOctoberNovemberDecember
-5.63%
-0.03%
PVAL
BMAR

Volatility

PVAL vs. BMAR - Volatility Comparison

Putnam Focused Large Cap Value ETF (PVAL) has a higher volatility of 3.39% compared to Innovator U.S. Equity Buffer ETF - March (BMAR) at 2.00%. This indicates that PVAL's price experiences larger fluctuations and is considered to be riskier than BMAR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.


1.00%2.00%3.00%4.00%5.00%JulyAugustSeptemberOctoberNovemberDecember
3.39%
2.00%
PVAL
BMAR
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Disclaimer

The information contained herein does not constitute investment advice and made available for educational purposes only. Prices and returns on equities are listed without consideration of fees, commissions, taxes, penalties, or interest payable due to purchasing, holding, or selling.

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