PGHAX vs. LOGSX
PGHAX (Putnam Global Health Care Fund) and LOGSX (Live Oak Health Sciences Fund) are both Health & Biotech Equities funds. Over the past 5 years, PGHAX returned 6.28%/yr vs 5.94%/yr for LOGSX. Their correlation of 0.85 suggests significant overlap in exposure. PGHAX charges 0.72%/yr vs 1.02%/yr for LOGSX.
Performance
PGHAX vs. LOGSX - Performance Comparison
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Returns By Period
PGHAX
- 1D
- -1.09%
- 1M
- -1.42%
- YTD
- -2.28%
- 6M
- -2.44%
- 1Y
- 16.08%
- 3Y*
- 7.10%
- 5Y*
- 6.28%
- 10Y*
- —
LOGSX
- 1D
- -0.97%
- 1M
- -1.42%
- YTD
- -0.00%
- 6M
- -1.03%
- 1Y
- 17.06%
- 3Y*
- 8.32%
- 5Y*
- 5.94%
- 10Y*
- 6.86%
PGHAX vs. LOGSX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
PGHAX Putnam Global Health Care Fund | -2.28% | 15.58% | 1.69% | 9.48% | -4.39% | 19.99% | 13.35% |
LOGSX Live Oak Health Sciences Fund | -0.00% | 19.63% | 0.16% | 1.21% | 3.71% | 17.59% | 5.41% |
Correlation
The correlation between PGHAX and LOGSX is 0.86, 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 | 0.86 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.81 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.85 |
Correlation (All Time) Calculated using the full available price history since Jun 1, 2020 | 0.85 |
The correlation between PGHAX and LOGSX has been stable across timeframes, ranging from 0.81 to 0.86 - a consistent structural relationship.
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Return for Risk
PGHAX vs. LOGSX — Risk / Return Rank
PGHAX
LOGSX
PGHAX vs. LOGSX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Putnam Global Health Care Fund (PGHAX) and Live Oak Health Sciences Fund (LOGSX). 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.
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.
| PGHAX | LOGSX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.08 | ||
| Sortino ratioReturn per unit of downside risk | -0.03 | ||
| Omega ratioGain probability vs. loss probability | 1.19 | 1.20 | -0.01 |
| Calmar ratioReturn relative to maximum drawdown | 1.60 | 2.06 | -0.46 |
| Martin ratioReturn relative to average drawdown | 3.96 | 5.07 | -1.10 |
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Drawdowns
PGHAX vs. LOGSX - Drawdown Comparison
The maximum PGHAX drawdown since its inception was -20.52%, smaller than the maximum LOGSX drawdown of -45.85%. Use the drawdown chart below to compare losses from any high point for PGHAX and LOGSX.
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Drawdown Indicators
| PGHAX | LOGSX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -20.52% | -45.85% | +25.33% |
Max Drawdown (1Y)Largest decline over 1 year | -9.68% | -8.13% | -1.55% |
Max Drawdown (3Y)Largest decline over 3 years | -20.52% | -14.33% | -6.19% |
Max Drawdown (5Y)Largest decline over 5 years | -20.52% | -15.03% | -5.49% |
Max Drawdown (10Y)Largest decline over 10 years | — | -27.28% | — |
Current DrawdownCurrent decline from peak | -6.35% | -5.23% | -1.12% |
Average DrawdownAverage peak-to-trough decline | -5.64% | -7.60% | +1.96% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.90% | 3.30% | +0.60% |
Volatility
PGHAX vs. LOGSX - Volatility Comparison
Putnam Global Health Care Fund (PGHAX) and Live Oak Health Sciences Fund (LOGSX) have volatilities of 4.94% and 5.16%, 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.
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Volatility by Period
| PGHAX | LOGSX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.94% | 5.16% | -0.22% |
Volatility (6M)Calculated over the trailing 6-month period | 10.39% | 10.39% | 0.00% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.45% | 14.53% | -0.08% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.45% | 14.26% | +0.19% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.43% | 16.17% | -1.74% |
PGHAX vs. LOGSX - Expense Ratio Comparison
PGHAX has a 0.72% expense ratio, which is lower than LOGSX's 1.02% expense ratio.
Dividends
PGHAX vs. LOGSX - Dividend Comparison
PGHAX's dividend yield for the trailing twelve months is around 1.90%, less than LOGSX's 2.07% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
LOGSX Live Oak Health Sciences Fund | 2.07% | 2.07% | 2.64% | 6.28% | 0.55% | 7.02% | 7.04% | 0.85% | 15.20% | 6.45% | 2.10% | 15.52% |
PGHAX Putnam Global Health Care Fund | 1.90% | 1.86% | 4.71% | 5.33% | 7.48% | 11.17% | 8.93% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
PGHAX and LOGSX have a correlation of 0.86, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
LOGSX has higher volatility (5.16%) compared to PGHAX (4.94%). In terms of maximum drawdown, PGHAX dropped -20.52% vs LOGSX's -45.85%.
LOGSX currently has the higher Sharpe Ratio (1.15 vs 1.07), 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.
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