PGHAX vs. PHSTX
PGHAX (Putnam Global Health Care Fund) and PHSTX (Putnam Global Health Care Fund) are both Health & Biotech Equities funds from Putnam. Over the past 5 years, PGHAX returned 6.28%/yr vs 5.89%/yr for PHSTX. With a 1.00 correlation, they move nearly in lockstep. PGHAX charges 0.72%/yr vs 1.05%/yr for PHSTX.
Performance
PGHAX vs. PHSTX - Performance Comparison
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Returns By Period
In the year-to-date period, PGHAX achieves a -2.28% return, which is significantly higher than PHSTX's -2.43% return.
PGHAX
- 1D
- -1.09%
- 1M
- -1.42%
- YTD
- -2.28%
- 6M
- -2.44%
- 1Y
- 16.08%
- 3Y*
- 7.10%
- 5Y*
- 6.28%
- 10Y*
- —
PHSTX
- 1D
- -1.11%
- 1M
- -1.46%
- YTD
- -2.43%
- 6M
- -2.59%
- 1Y
- 15.68%
- 3Y*
- 6.74%
- 5Y*
- 5.89%
- 10Y*
- 9.18%
PGHAX vs. PHSTX - 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% |
PHSTX Putnam Global Health Care Fund | -2.43% | 15.20% | 1.35% | 9.11% | -4.88% | 19.60% | 12.64% |
Correlation
The correlation between PGHAX and PHSTX is 1.00 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 1.00 |
Correlation (3Y) Calculated over the trailing 3-year period | 1.00 |
Correlation (5Y) Calculated over the trailing 5-year period | 1.00 |
Correlation (All Time) Calculated using the full available price history since Jun 1, 2020 | 1.00 |
The correlation between PGHAX and PHSTX has been stable across timeframes, ranging from 1.00 to 1.00 - a consistent structural relationship.
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Return for Risk
PGHAX vs. PHSTX — Risk / Return Rank
PGHAX
PHSTX
PGHAX vs. PHSTX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Putnam Global Health Care Fund (PGHAX) and Putnam Global Health Care Fund (PHSTX). 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 | PHSTX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.03 | ||
| Sortino ratioReturn per unit of downside risk | +0.04 | ||
| Omega ratioGain probability vs. loss probability | 1.19 | 1.19 | 0.00 |
| Calmar ratioReturn relative to maximum drawdown | 1.60 | 1.56 | +0.05 |
| Martin ratioReturn relative to average drawdown | 3.96 | 3.84 | +0.13 |
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Drawdowns
PGHAX vs. PHSTX - Drawdown Comparison
The maximum PGHAX drawdown since its inception was -20.52%, smaller than the maximum PHSTX drawdown of -45.51%. Use the drawdown chart below to compare losses from any high point for PGHAX and PHSTX.
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Drawdown Indicators
| PGHAX | PHSTX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -20.52% | -45.51% | +24.99% |
Max Drawdown (1Y)Largest decline over 1 year | -9.68% | -9.71% | +0.03% |
Max Drawdown (3Y)Largest decline over 3 years | -20.52% | -20.71% | +0.19% |
Max Drawdown (5Y)Largest decline over 5 years | -20.52% | -20.71% | +0.19% |
Max Drawdown (10Y)Largest decline over 10 years | — | -25.51% | — |
Current DrawdownCurrent decline from peak | -6.35% | -6.46% | +0.11% |
Average DrawdownAverage peak-to-trough decline | -5.64% | -9.92% | +4.28% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.90% | 3.93% | -0.03% |
Volatility
PGHAX vs. PHSTX - Volatility Comparison
Putnam Global Health Care Fund (PGHAX) and Putnam Global Health Care Fund (PHSTX) have volatilities of 4.94% and 4.94%, 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 | PHSTX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.94% | 4.94% | 0.00% |
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% | 14.45% | 0.00% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.45% | 14.48% | -0.03% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.43% | 15.80% | -1.37% |
PGHAX vs. PHSTX - Expense Ratio Comparison
PGHAX has a 0.72% expense ratio, which is lower than PHSTX's 1.05% expense ratio.
Dividends
PGHAX vs. PHSTX - Dividend Comparison
PGHAX's dividend yield for the trailing twelve months is around 1.90%, more than PHSTX's 1.83% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
PHSTX Putnam Global Health Care Fund | 1.83% | 1.79% | 4.92% | 5.62% | 7.82% | 11.98% | 9.58% | 5.72% | 6.82% | 17.31% | 10.65% | 13.06% |
Frequently Asked Questions
With a correlation of 1.00, PGHAX and PHSTX 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.
PHSTX has higher volatility (4.94%) compared to PGHAX (4.94%). In terms of maximum drawdown, PGHAX dropped -20.52% vs PHSTX's -45.51%.
PGHAX currently has the higher Sharpe Ratio (1.07 vs 1.05), 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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