PGOYX vs. PGHAX
PGOYX (Putnam Large Cap Growth Y) and PGHAX (Putnam Global Health Care Fund) are both mutual funds - PGOYX is a Large Cap Growth Equities fund managed by Putnam, while PGHAX is a Health & Biotech Equities fund managed by Putnam. Over the past 5 years, PGOYX returned 10.39%/yr vs 6.90%/yr for PGHAX. Their 0.49 correlation means their historical movements had little consistent relationship. PGOYX charges 0.65%/yr vs 0.72%/yr for PGHAX.
Performance
PGOYX vs. PGHAX - Performance Comparison
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Returns By Period
In the year-to-date period, PGOYX achieves a -0.51% return, which is significantly lower than PGHAX's 4.47% return.
PGOYX
- 1D
- 2.88%
- 1M
- -3.95%
- 6M
- 0.61%
- YTD
- -0.51%
- 1Y
- 7.36%
- 3Y*
- 17.94%
- 5Y*
- 10.39%
- 10Y*
- 17.23%
- ALL TIME*
- 7.50%
PGHAX
- 1D
- -1.29%
- 1M
- -2.83%
- 6M
- 3.64%
- YTD
- 4.47%
- 1Y
- 24.95%
- 3Y*
- 9.46%
- 5Y*
- 6.90%
- 10Y*
- —
- ALL TIME*
- 9.49%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $0.00 | $0.00 | $0.00 |
PGOYX vs. PGHAX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
PGOYX Putnam Large Cap Growth Y | -0.51% | 14.56% | 33.58% | 44.57% | -30.25% | 22.95% | 26.79% |
PGHAX Putnam Global Health Care Fund | 4.47% | 15.58% | 1.69% | 9.48% | -4.39% | 19.99% | 13.35% |
Correlation
The correlation between PGOYX and PGHAX is 0.10, meaning there was essentially no consistent relationship between their historical price movements. Each responded to its own set of market drivers.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.10 |
Correlation (3Y) Balances recent behavior with more history. | 0.31 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.46 |
Correlation (All Time) Calculated using the full available price history since Jun 1, 2020 | 0.49 |
Over the past year, the correlation between PGOYX and PGHAX has dropped to 0.10 - well below their long-term average of 0.49, suggesting their price drivers have been diverging.
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Return for Risk
PGOYX vs. PGHAX — Risk / Return Rank
PGOYX
PGHAX
PGOYX vs. PGHAX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Putnam Large Cap Growth Y (PGOYX) and Putnam Global Health Care Fund (PGHAX). 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.
| PGOYX | PGHAX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.28 | ||
| Sortino ratioReturn per unit of downside risk | -1.91 | ||
| Omega ratioGain probability vs. loss probability | 1.06 | 1.27 | -0.21 |
| Calmar ratioReturn relative to maximum drawdown | 0.33 | 2.47 | -2.15 |
| Martin ratioReturn relative to average drawdown | 0.98 | 6.05 | -5.07 |
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Drawdowns
PGOYX vs. PGHAX - Drawdown Comparison
The maximum PGOYX drawdown since its inception was -76.03%, which is greater than PGHAX's maximum drawdown of -20.52%. Use the drawdown chart below to compare losses from any high point for PGOYX and PGHAX.
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Drawdown Indicators
| PGOYX | PGHAX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -76.03% | -20.52% | -55.51% |
Max Drawdown (1Y)Largest decline over 1 year | -16.34% | -9.68% | -6.66% |
Max Drawdown (3Y)Largest decline over 3 years | -23.63% | -20.52% | -3.11% |
Max Drawdown (5Y)Largest decline over 5 years | -34.01% | -20.52% | -13.49% |
Max Drawdown (10Y)Largest decline over 10 years | -34.01% | — | — |
Current DrawdownCurrent decline from peak | -9.37% | -3.02% | -6.35% |
Average DrawdownAverage peak-to-trough decline | -31.38% | -5.59% | -25.79% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.44% | 3.95% | +1.49% |
Volatility
PGOYX vs. PGHAX - Volatility Comparison
Putnam Large Cap Growth Y (PGOYX) has a higher volatility of 6.34% compared to Putnam Global Health Care Fund (PGHAX) at 5.61%. This indicates that PGOYX's price experiences larger fluctuations and is considered to be riskier than PGHAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PGOYX | PGHAX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.34% | 5.61% | +0.73% |
Volatility (6M)Calculated over the trailing 6-month period | 14.44% | 11.64% | +2.80% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.03% | 15.20% | +2.83% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.98% | 14.71% | +7.27% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.33% | 14.55% | +6.78% |
PGOYX vs. PGHAX - Expense Ratio Comparison
PGOYX has a 0.65% expense ratio, which is lower than PGHAX's 0.72% expense ratio.
Dividends
PGOYX vs. PGHAX - Dividend Comparison
PGOYX's dividend yield for the trailing twelve months is around 5.26%, more than PGHAX's 1.78% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PGHAX Putnam Global Health Care Fund | 1.78% | 1.86% | 4.71% | 5.33% | 7.48% | 11.17% | 8.93% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
PGOYX Putnam Large Cap Growth Y | 5.26% | 5.23% | 4.25% | 0.46% | 7.30% | 8.55% | 3.12% | 3.65% | 7.92% | 2.05% | 0.02% | 5.78% |
Frequently Asked Questions
PGOYX and PGHAX have a correlation of 0.10, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
PGOYX has higher volatility (6.34%) compared to PGHAX (5.61%). In terms of maximum drawdown, PGOYX dropped -76.03% vs PGHAX's -20.52%.
PGHAX currently has the higher Sharpe Ratio (1.58 vs 0.30), 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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