PGOYX vs. PHSTX
PGOYX (Putnam Large Cap Growth Y) and PHSTX (Putnam Global Health Care Fund) are both mutual funds - PGOYX is a Large Cap Growth Equities fund managed by Putnam, while PHSTX is a Health & Biotech Equities fund managed by Putnam. Over the past 10 years, PGOYX returned 17.23%/yr vs 9.06%/yr for PHSTX. Their 0.70 correlation means they have sometimes moved together and sometimes differently. PGOYX charges 0.65%/yr vs 1.05%/yr for PHSTX.
Performance
PGOYX vs. PHSTX - 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 PHSTX's 4.28% return. Over the past 10 years, PGOYX has outperformed PHSTX with an annualized return of 17.23%, while PHSTX has yielded a comparatively lower 9.06% annualized 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%
PHSTX
- 1D
- -1.29%
- 1M
- -2.86%
- 6M
- 3.48%
- YTD
- 4.28%
- 1Y
- 24.55%
- 3Y*
- 9.10%
- 5Y*
- 6.51%
- 10Y*
- 9.06%
- ALL TIME*
- 10.96%
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. PHSTX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
PGOYX Putnam Large Cap Growth Y | -0.51% | 14.56% | 33.58% | 44.57% | -30.25% | 22.95% | 38.79% | 36.76% | 2.58% | 31.29% |
PHSTX Putnam Global Health Care Fund | 4.28% | 15.20% | 1.35% | 9.11% | -4.88% | 19.60% | 15.94% | 30.26% | -0.76% | 15.30% |
Correlation
The correlation between PGOYX and PHSTX 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 (10Y) Provides a long-term view across more market conditions. | 0.58 |
Correlation (All Time) Calculated using the full available price history since Jun 30, 1999 | 0.70 |
Over the past year, the correlation between PGOYX and PHSTX has dropped to 0.10 - well below their long-term average of 0.70, suggesting their price drivers have been diverging.
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Return for Risk
PGOYX vs. PHSTX — Risk / Return Rank
PGOYX
PHSTX
PGOYX vs. PHSTX - 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 (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.
| PGOYX | PHSTX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.25 | ||
| Sortino ratioReturn per unit of downside risk | -1.87 | ||
| Omega ratioGain probability vs. loss probability | 1.06 | 1.27 | -0.20 |
| Calmar ratioReturn relative to maximum drawdown | 0.33 | 2.43 | -2.10 |
| Martin ratioReturn relative to average drawdown | 0.98 | 5.91 | -4.93 |
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Drawdowns
PGOYX vs. PHSTX - Drawdown Comparison
The maximum PGOYX drawdown since its inception was -76.03%, which is greater than PHSTX's maximum drawdown of -45.51%. Use the drawdown chart below to compare losses from any high point for PGOYX and PHSTX.
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Drawdown Indicators
| PGOYX | PHSTX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -76.03% | -45.51% | -30.52% |
Max Drawdown (1Y)Largest decline over 1 year | -16.34% | -9.71% | -6.63% |
Max Drawdown (3Y)Largest decline over 3 years | -23.63% | -20.71% | -2.92% |
Max Drawdown (5Y)Largest decline over 5 years | -34.01% | -20.71% | -13.30% |
Max Drawdown (10Y)Largest decline over 10 years | -34.01% | -25.51% | -8.50% |
Current DrawdownCurrent decline from peak | -9.37% | -3.05% | -6.32% |
Average DrawdownAverage peak-to-trough decline | -31.38% | -9.90% | -21.48% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.44% | 3.98% | +1.46% |
Volatility
PGOYX vs. PHSTX - Volatility Comparison
Putnam Large Cap Growth Y (PGOYX) has a higher volatility of 6.34% compared to Putnam Global Health Care Fund (PHSTX) at 5.60%. This indicates that PGOYX's price experiences larger fluctuations and is considered to be riskier than PHSTX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PGOYX | PHSTX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.34% | 5.60% | +0.74% |
Volatility (6M)Calculated over the trailing 6-month period | 14.44% | 11.63% | +2.81% |
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% | 14.74% | +7.24% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.33% | 15.81% | +5.52% |
PGOYX vs. PHSTX - Expense Ratio Comparison
PGOYX has a 0.65% expense ratio, which is lower than PHSTX's 1.05% expense ratio.
Dividends
PGOYX vs. PHSTX - Dividend Comparison
PGOYX's dividend yield for the trailing twelve months is around 5.26%, more than PHSTX's 1.71% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
PHSTX Putnam Global Health Care Fund | 1.71% | 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
PGOYX and PHSTX 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 PHSTX (5.60%). In terms of maximum drawdown, PGOYX dropped -76.03% vs PHSTX's -45.51%.
PHSTX currently has the higher Sharpe Ratio (1.55 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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