VGRIX vs. PEQSX

Last updated Jun 4, 2026

VGRIX (JPMorgan U.S. Value Fund) and PEQSX (Putnam Large Cap Value Fund Class R6) are both Large Cap Value Equities funds. Over the past 10 years, VGRIX returned 12.03%/yr vs 14.15%/yr for PEQSX. With a 0.97 correlation, they move nearly in lockstep. VGRIX charges 0.94%/yr vs 0.54%/yr for PEQSX.

Performance

VGRIX vs. PEQSX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in JPMorgan U.S. Value Fund (VGRIX) and Putnam Large Cap Value Fund Class R6 (PEQSX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, VGRIX achieves a 9.25% return, which is significantly lower than PEQSX's 10.03% return. Over the past 10 years, VGRIX has underperformed PEQSX with an annualized return of 12.03%, while PEQSX has yielded a comparatively higher 14.15% annualized return.

VGRIX

• 1D: 0.64%
• 1M: 2.00%
• YTD: 9.25%
• 6M: 10.18%
• 1Y: 22.23%
• 3Y*: 16.17%
• 5Y*: 10.13%
• 10Y*: 12.03%

PEQSX

• 1D: 1.22%
• 1M: 4.01%
• YTD: 10.03%
• 6M: 12.04%
• 1Y: 27.49%
• 3Y*: 21.12%
• 5Y*: 13.62%
• 10Y*: 14.15%

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

VGRIX vs. PEQSX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
VGRIX JPMorgan U.S. Value Fund	9.25%	13.64%	16.17%	9.18%	-2.56%	26.83%	4.27%	27.84%	-7.71%	17.13%
PEQSX Putnam Large Cap Value Fund Class R6	10.03%	20.49%	19.41%	15.45%	-2.74%	27.33%	6.23%	29.79%	-8.29%	19.15%

Correlation

The correlation between VGRIX and PEQSX is 0.95, 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	0.95
Correlation (3Y) Calculated over the trailing 3-year period	0.94
Correlation (5Y) Calculated over the trailing 5-year period	0.96
Correlation (10Y) Calculated over the trailing 10-year period	0.97
Correlation (All Time) Calculated using the full available price history since Jul 3, 2012	0.97

The correlation between VGRIX and PEQSX has been stable across timeframes, ranging from 0.94 to 0.97 - a consistent structural relationship.

Return for Risk

VGRIX vs. PEQSX — Risk / Return Rank

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

VGRIX

VGRIX Risk / Return Rank: 57
VGRIX Sharpe Ratio Rank: 55
VGRIX Sortino Ratio Rank: 55
VGRIX Omega Ratio Rank: 51
VGRIX Calmar Ratio Rank: 64
VGRIX Martin Ratio Rank: 61

PEQSX

PEQSX Risk / Return Rank: 81
PEQSX Sharpe Ratio Rank: 84
PEQSX Sortino Ratio Rank: 80
PEQSX Omega Ratio Rank: 74
PEQSX Calmar Ratio Rank: 84
PEQSX Martin Ratio Rank: 81

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.

VGRIX vs. PEQSX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for JPMorgan U.S. Value Fund (VGRIX) and Putnam Large Cap Value Fund Class R6 (PEQSX). 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.

	VGRIX	PEQSX	Difference
Sharpe ratio: Return per unit of total volatility	2.19	2.69	-0.50
Sortino ratio: Return per unit of downside risk	3.14	3.80	-0.66
Omega ratio: Gain probability vs. loss probability	1.39	1.49	-0.09
Calmar ratio: Return relative to maximum drawdown	3.08	3.93	-0.85
Martin ratio: Return relative to average drawdown	12.03	15.33	-3.30
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

VGRIX vs. PEQSX - Sharpe Ratio Comparison

The current VGRIX Sharpe Ratio is 2.19, which is comparable to the PEQSX Sharpe Ratio of 2.69. The chart below compares the historical Sharpe Ratios of VGRIX and PEQSX, 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

	VGRIX	PEQSX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.19	2.69	-0.50
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.71	0.94	-0.24
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.70	0.84	-0.14
Sharpe Ratio (All Time) Calculated using the full available price history	0.65	0.85	-0.20

Drawdowns

VGRIX vs. PEQSX - Drawdown Comparison

The maximum VGRIX drawdown since its inception was -58.30%, which is greater than PEQSX's maximum drawdown of -36.04%. Use the drawdown chart below to compare losses from any high point for VGRIX and PEQSX.

Drawdown Indicators

	VGRIX	PEQSX	Difference
Max Drawdown Largest peak-to-trough decline	-58.30%	-36.04%	-22.26%
Max Drawdown (1Y) Largest decline over 1 year	-7.48%	-7.18%	-0.30%
Max Drawdown (3Y) Largest decline over 3 years	-14.47%	-15.01%	+0.54%
Max Drawdown (5Y) Largest decline over 5 years	-15.36%	-15.18%	-0.18%
Max Drawdown (10Y) Largest decline over 10 years	-38.59%	-36.04%	-2.55%
Current Drawdown Current decline from peak	0.00%	0.00%	0.00%
Average Drawdown Average peak-to-trough decline	-7.83%	-3.21%	-4.62%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.91%	1.84%	+0.07%

Volatility

VGRIX vs. PEQSX - Volatility Comparison

The current volatility for JPMorgan U.S. Value Fund (VGRIX) is 2.44%, while Putnam Large Cap Value Fund Class R6 (PEQSX) has a volatility of 2.58%. This indicates that VGRIX experiences smaller price fluctuations and is considered to be less risky than PEQSX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	VGRIX	PEQSX	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.44%	2.58%	-0.14%
Volatility (6M) Calculated over the trailing 6-month period	7.99%	8.03%	-0.04%
Volatility (1Y) Calculated over the trailing 1-year period	10.50%	10.50%	0.00%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.40%	14.50%	-0.10%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.33%	17.00%	+0.33%

VGRIX vs. PEQSX - Expense Ratio Comparison

VGRIX has a 0.94% expense ratio, which is higher than PEQSX's 0.54% expense ratio.

Dividends

VGRIX vs. PEQSX - Dividend Comparison

VGRIX's dividend yield for the trailing twelve months is around 4.76%, less than PEQSX's 5.11% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
PEQSX Putnam Large Cap Value Fund Class R6	5.11%	5.69%	7.14%	5.26%	7.40%	7.40%	6.30%	3.66%	6.08%	3.56%	2.66%	6.31%
VGRIX JPMorgan U.S. Value Fund	4.76%	5.20%	4.20%	1.39%	1.49%	2.74%	2.46%	3.43%	6.70%	5.30%	6.18%	7.23%

Frequently Asked Questions

Can I hold both VGRIX and PEQSX in my portfolio?

With a correlation of 0.95, VGRIX and PEQSX move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which is riskier, VGRIX or PEQSX?

PEQSX has higher volatility (2.58%) compared to VGRIX (2.44%). In terms of maximum drawdown, VGRIX dropped -58.30% vs PEQSX's -36.04%.

Which has better risk-adjusted returns?

PEQSX currently has the higher Sharpe Ratio (2.69 vs 2.19), 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.