Correlation
The correlation between PGOYX and SPY is 0.93, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
PGOYX vs. SPY
Compare and contrast key facts about Putnam Large Cap Growth Y (PGOYX) and SPDR S&P 500 ETF (SPY).
PGOYX is managed by Putnam. It was launched on Aug 27, 1999. SPY is a passively managed fund by State Street that tracks the performance of the S&P 500 Index. It was launched on Jan 22, 1993.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: PGOYX or SPY.
Performance
PGOYX vs. SPY - Performance Comparison
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Key characteristics
PGOYX:
0.61
SPY:
0.70
PGOYX:
0.87
SPY:
1.02
PGOYX:
1.12
SPY:
1.15
PGOYX:
0.55
SPY:
0.68
PGOYX:
1.74
SPY:
2.57
PGOYX:
7.42%
SPY:
4.93%
PGOYX:
25.64%
SPY:
20.42%
PGOYX:
-76.03%
SPY:
-55.19%
PGOYX:
-5.74%
SPY:
-3.55%
Returns By Period
In the year-to-date period, PGOYX achieves a -1.55% return, which is significantly lower than SPY's 0.87% return. Over the past 10 years, PGOYX has outperformed SPY with an annualized return of 15.80%, while SPY has yielded a comparatively lower 12.73% annualized return.
PGOYX
-1.55%
6.65%
-0.10%
15.23%
19.91%
15.63%
15.80%
SPY
0.87%
5.54%
-1.56%
13.18%
14.25%
15.81%
12.73%
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PGOYX vs. SPY - Expense Ratio Comparison
PGOYX has a 0.65% expense ratio, which is higher than SPY's 0.09% expense ratio.
Risk-Adjusted Performance
PGOYX vs. SPY — Risk-Adjusted Performance Rank
PGOYX
SPY
PGOYX vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Putnam Large Cap Growth Y (PGOYX) and SPDR S&P 500 ETF (SPY). 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.
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Dividends
PGOYX vs. SPY - Dividend Comparison
PGOYX's dividend yield for the trailing twelve months is around 4.32%, more than SPY's 1.22% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PGOYX Putnam Large Cap Growth Y | 4.32% | 4.25% | 0.46% | 7.30% | 8.55% | 3.12% | 3.65% | 7.92% | 2.05% | 0.02% | 5.78% | 15.28% |
SPY SPDR S&P 500 ETF | 1.22% | 1.21% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% |
Drawdowns
PGOYX vs. SPY - Drawdown Comparison
The maximum PGOYX drawdown since its inception was -76.03%, which is greater than SPY's maximum drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for PGOYX and SPY.
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Volatility
PGOYX vs. SPY - Volatility Comparison
Putnam Large Cap Growth Y (PGOYX) has a higher volatility of 5.55% compared to SPDR S&P 500 ETF (SPY) at 4.86%. This indicates that PGOYX's price experiences larger fluctuations and is considered to be riskier than SPY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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