PARYX vs. PGOYX
Compare and contrast key facts about Putnam Short Duration Bond Fund (PARYX) and Putnam Large Cap Growth Y (PGOYX).
PARYX is managed by Putnam. It was launched on Dec 23, 2008. PGOYX is managed by Putnam. It was launched on Aug 27, 1999.
Performance
PARYX vs. PGOYX - Performance Comparison
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PARYX vs. PGOYX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
PARYX Putnam Short Duration Bond Fund | -0.06% | 5.96% | 5.19% | 5.62% | -4.53% | 0.52% | 3.37% | 4.90% | 2.23% | 3.48% |
PGOYX Putnam Large Cap Growth Y | -9.67% | 14.56% | 33.58% | 44.57% | -30.25% | 22.95% | 38.79% | 36.76% | 2.58% | 31.29% |
Returns By Period
In the year-to-date period, PARYX achieves a -0.06% return, which is significantly higher than PGOYX's -9.67% return. Over the past 10 years, PARYX has underperformed PGOYX with an annualized return of 2.95%, while PGOYX has yielded a comparatively higher 16.81% annualized return.
PARYX
- 1D
- 0.10%
- 1M
- -0.60%
- YTD
- -0.06%
- 6M
- 1.09%
- 1Y
- 4.08%
- 3Y*
- 4.95%
- 5Y*
- 2.39%
- 10Y*
- 2.95%
PGOYX
- 1D
- 3.70%
- 1M
- -5.89%
- YTD
- -9.67%
- 6M
- -9.44%
- 1Y
- 14.92%
- 3Y*
- 20.52%
- 5Y*
- 11.05%
- 10Y*
- 16.81%
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PARYX vs. PGOYX - Expense Ratio Comparison
PARYX has a 0.37% expense ratio, which is lower than PGOYX's 0.65% expense ratio.
Return for Risk
PARYX vs. PGOYX — Risk / Return Rank
PARYX
PGOYX
PARYX vs. PGOYX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Putnam Short Duration Bond Fund (PARYX) and Putnam Large Cap Growth Y (PGOYX). 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.
| PARYX | PGOYX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 2.22 | 0.71 | +1.51 |
Sortino ratioReturn per unit of downside risk | 3.95 | 1.18 | +2.77 |
Omega ratioGain probability vs. loss probability | 1.57 | 1.17 | +0.40 |
Calmar ratioReturn relative to maximum drawdown | 4.13 | 0.98 | +3.15 |
Martin ratioReturn relative to average drawdown | 16.24 | 3.34 | +12.90 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| PARYX | PGOYX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.22 | 0.71 | +1.51 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.10 | 0.51 | +0.59 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 1.47 | 0.80 | +0.67 |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.31 | 0.32 | +0.99 |
Correlation
The correlation between PARYX and PGOYX is 0.14, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Dividends
PARYX vs. PGOYX - Dividend Comparison
PARYX's dividend yield for the trailing twelve months is around 3.80%, less than PGOYX's 5.79% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PARYX Putnam Short Duration Bond Fund | 3.80% | 4.15% | 3.81% | 3.04% | 1.70% | 1.91% | 2.11% | 2.98% | 2.11% | 2.54% | 2.75% | 1.86% |
PGOYX Putnam Large Cap Growth Y | 5.79% | 5.23% | 4.25% | 0.46% | 7.30% | 8.55% | 3.12% | 3.65% | 7.92% | 2.05% | 0.02% | 5.78% |
Drawdowns
PARYX vs. PGOYX - Drawdown Comparison
The maximum PARYX drawdown since its inception was -7.68%, smaller than the maximum PGOYX drawdown of -76.03%. Use the drawdown chart below to compare losses from any high point for PARYX and PGOYX.
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Drawdown Indicators
| PARYX | PGOYX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -7.68% | -76.03% | +68.35% |
Max Drawdown (1Y)Largest decline over 1 year | -1.10% | -16.34% | +15.24% |
Max Drawdown (5Y)Largest decline over 5 years | -7.16% | -34.01% | +26.85% |
Max Drawdown (10Y)Largest decline over 10 years | -7.68% | -34.01% | +26.33% |
Current DrawdownCurrent decline from peak | -0.80% | -13.24% | +12.44% |
Average DrawdownAverage peak-to-trough decline | -0.76% | -31.72% | +30.96% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.28% | 4.78% | -4.50% |
Volatility
PARYX vs. PGOYX - Volatility Comparison
The current volatility for Putnam Short Duration Bond Fund (PARYX) is 0.51%, while Putnam Large Cap Growth Y (PGOYX) has a volatility of 6.88%. This indicates that PARYX experiences smaller price fluctuations and is considered to be less risky than PGOYX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PARYX | PGOYX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.51% | 6.88% | -6.37% |
Volatility (6M)Calculated over the trailing 6-month period | 1.19% | 12.72% | -11.53% |
Volatility (1Y)Calculated over the trailing 1-year period | 1.92% | 22.41% | -20.49% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 2.18% | 21.68% | -19.50% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 2.01% | 21.15% | -19.14% |