- ISIN
- US7467294093
- CUSIP
- 746729409
- Inception Date
- May 25, 2021
- Region
- North America (U.S.)
- Category
- Large Cap Growth Equities
- Leveraged
- 1x (No leverage)
- Index Tracked
- No Index (Active)
- Distribution Policy
- Distributing
- Asset Class
- Equity
- Asset Class Size
- Large-Cap
- Assets Under Management
- $114M
Share Price Chart
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Performance
PGRO Performance Chart
Putnam Focused Large Cap Growth ETF (PGRO) is up 5.5% since the beginning of the year. PGRO is currently trading at $47 per share. Investors who bought $1,000 worth of PGRO shares 5 years ago would now be looking at an investment worth $1,789.
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Returns By Period
Putnam Focused Large Cap Growth ETF (PGRO) has returned 5.50% so far this year and 20.73% over the past 12 months.
Putnam Focused Large Cap Growth ETF
- 1D
- -1.04%
- 1M
- -1.49%
- YTD
- 5.50%
- 6M
- 4.90%
- 1Y
- 20.73%
- 3Y*
- 22.44%
- 5Y*
- 12.34%
- 10Y*
- —
Benchmark (S&P 500 Index)
- 1D
- -0.37%
- 1M
- -0.01%
- YTD
- 9.16%
- 6M
- 8.64%
- 1Y
- 25.22%
- 3Y*
- 19.78%
- 5Y*
- 11.99%
- 10Y*
- 13.88%
PGRO Monthly Returns History
Based on dividend-adjusted daily data since May 26, 2021, PGRO's average daily return is +0.06%, while the average monthly return is +1.19%. At this rate, an investment would double in approximately 4.9 years.
Historically, 60% of months were positive and 40% were negative. The best month was Apr 2026 with a return of +13.3%, while the worst month was Apr 2022 at -12.3%. The longest winning streak lasted 7 consecutive months, and the longest losing streak was 5 months.
On a daily basis, PGRO closed higher 54% of trading days. The best single day was Apr 9, 2025 with a return of +12.2%, while the worst single day was Apr 3, 2025 at -5.8%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | -1.38% | -3.35% | -5.32% | 13.34% | 7.21% | -3.79% | 5.50% | ||||||
| 2025 | 1.42% | -3.45% | -8.87% | 2.67% | 8.15% | 6.91% | 2.70% | 0.52% | 4.80% | 3.24% | -1.88% | -0.83% | 15.13% |
| 2024 | 3.36% | 7.41% | 1.68% | -4.37% | 5.88% | 7.21% | -3.36% | 1.97% | 3.12% | -0.39% | 6.13% | 1.80% | 34.01% |
| 2023 | 7.83% | -0.80% | 7.22% | 2.03% | 5.34% | 6.59% | 1.88% | -0.77% | -5.61% | -0.56% | 12.06% | 3.92% | 45.19% |
| 2022 | -8.64% | -5.24% | 4.69% | -12.27% | -4.32% | -7.54% | 12.86% | -4.42% | -9.77% | 4.47% | 4.03% | -7.98% | -31.53% |
| 2021 | 0.19% | 6.79% | 3.36% | 4.20% | -6.44% | 7.11% | -0.20% | 1.21% | 16.63% |
Benchmark Metrics
Putnam Focused Large Cap Growth ETF has an annualized alpha of -0.80%, beta of 1.22, and R2 of 0.90 versus S&P 500 Index. Calculated based on daily prices since May 26, 2021.
- This ETF captured 115.81% of S&P 500 Index gains and 110.83% of its losses - amplifying both gains and losses, but participating more in upside than downside.
- Alpha
- -0.80%
- Beta
- 1.22
- R²
- 0.90
- Upside Capture
- 115.81%
- Downside Capture
- 110.83%
Expense Ratio
PGRO has an expense ratio of 0.55%, placing it in the medium range.
Return for Risk
Risk / Return Rank
PGRO ranks 32 for risk / return — below 32% of ETFs on our site. The returns aren't fully compensating for the risk involved. This isn't necessarily a dealbreaker, but factor it into your decision — especially if you're risk-averse.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for Putnam Focused Large Cap Growth ETF (PGRO) and compare them to S&P 500 Index.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| PGRO | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.80 | ||
| Sortino ratioReturn per unit of downside risk | -1.01 | ||
| Omega ratioGain probability vs. loss probability | 1.22 | 1.37 | -0.15 |
| Calmar ratioReturn relative to maximum drawdown | 1.27 | 2.78 | -1.51 |
| Martin ratioReturn relative to average drawdown | 4.11 | 12.44 | -8.32 |
Dividends
Dividend History
Putnam Focused Large Cap Growth ETF provided a 0.02% dividend yield over the last twelve months, with an annual payout of $0.01 per share.
| Period | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
| Dividend | $0.01 | $0.01 | $0.03 | $0.05 | $0.02 |
Dividend yield | 0.02% | 0.02% | 0.08% | 0.19% | 0.12% |
Monthly Dividends
The table displays the monthly dividend distributions for Putnam Focused Large Cap Growth ETF. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | ||||||
| 2025 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.01 | $0.01 |
| 2024 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.03 | $0.03 |
| 2023 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.05 | $0.05 |
| 2022 | $0.02 | $0.02 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
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Worst Drawdowns
The table below displays the maximum drawdowns of the Putnam Focused Large Cap Growth ETF. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the Putnam Focused Large Cap Growth ETF was 34.73%, occurring on Oct 14, 2022. Recovery took 316 trading sessions.
The current Putnam Focused Large Cap Growth ETF drawdown is 4.34%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
Bear market2022 | -34.73%Oct 2022 | 10mo 26d | 1y 3mo | 2y 1moNov 2021 - Jan 2024 |
2025 selloff2025 | -23.31%Apr 2025 | 3mo 22d | 2mo 19d | 6mo 11dDec 2024 - Jun 2025 |
2026 correction2026 | -16.34%Mar 2026 | 5mo 1d | 1mo 7d | 6mo 8dOct 2025 - May 2026 |
2024 correction2024 | -14.28%Aug 2024 | 25d | 2mo 18d | 3mo 13dJul 2024 - Oct 2024 |
2021 pullback2021 | -8.19%Oct 2021 | 26d | 1mo | 1mo 26dSep 2021 - Nov 2021 |
Drawdown Indicators
| PGRO | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -34.73% | -56.78% | +22.05% |
Max Drawdown (1Y)Largest decline over 1 year | -16.34% | -9.10% | -7.24% |
Max Drawdown (3Y)Largest decline over 3 years | -23.31% | -18.90% | -4.41% |
Max Drawdown (5Y)Largest decline over 5 years | -34.73% | -25.43% | -9.30% |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.92% | — |
Current DrawdownCurrent decline from peak | -4.34% | -1.80% | -2.54% |
Average DrawdownAverage peak-to-trough decline | -10.21% | -10.71% | +0.50% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.05% | 2.03% | +3.02% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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