Correlation
The correlation between PGOYX and VGT is 0.87, 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. VGT
Compare and contrast key facts about Putnam Large Cap Growth Y (PGOYX) and Vanguard Information Technology ETF (VGT).
PGOYX is managed by Putnam. It was launched on Aug 27, 1999. VGT is a passively managed fund by Vanguard that tracks the performance of the MSCI US Investable Market Information Technology 25/50 Index. It was launched on Jan 26, 2004.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: PGOYX or VGT.
Performance
PGOYX vs. VGT - Performance Comparison
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Key characteristics
PGOYX:
0.61
VGT:
0.47
PGOYX:
0.87
VGT:
0.71
PGOYX:
1.12
VGT:
1.10
PGOYX:
0.55
VGT:
0.40
PGOYX:
1.74
VGT:
1.29
PGOYX:
7.42%
VGT:
8.45%
PGOYX:
25.64%
VGT:
30.25%
PGOYX:
-76.03%
VGT:
-54.63%
PGOYX:
-5.74%
VGT:
-6.19%
Returns By Period
In the year-to-date period, PGOYX achieves a -1.55% return, which is significantly higher than VGT's -2.36% return. Over the past 10 years, PGOYX has underperformed VGT with an annualized return of 15.80%, while VGT has yielded a comparatively higher 19.78% annualized return.
PGOYX
-1.55%
6.65%
-0.10%
15.23%
19.91%
15.63%
15.80%
VGT
-2.36%
8.44%
-2.31%
14.03%
19.73%
19.26%
19.78%
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PGOYX vs. VGT - Expense Ratio Comparison
PGOYX has a 0.65% expense ratio, which is higher than VGT's 0.10% expense ratio.
Risk-Adjusted Performance
PGOYX vs. VGT — Risk-Adjusted Performance Rank
PGOYX
VGT
PGOYX vs. VGT - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Putnam Large Cap Growth Y (PGOYX) and Vanguard Information Technology ETF (VGT). 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. VGT - Dividend Comparison
PGOYX's dividend yield for the trailing twelve months is around 4.32%, more than VGT's 0.53% 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% |
VGT Vanguard Information Technology ETF | 0.53% | 0.60% | 0.65% | 0.91% | 0.64% | 0.82% | 1.11% | 1.29% | 0.99% | 1.31% | 1.28% | 1.12% |
Drawdowns
PGOYX vs. VGT - Drawdown Comparison
The maximum PGOYX drawdown since its inception was -76.03%, which is greater than VGT's maximum drawdown of -54.63%. Use the drawdown chart below to compare losses from any high point for PGOYX and VGT.
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Volatility
PGOYX vs. VGT - Volatility Comparison
The current volatility for Putnam Large Cap Growth Y (PGOYX) is 5.55%, while Vanguard Information Technology ETF (VGT) has a volatility of 6.70%. This indicates that PGOYX experiences smaller price fluctuations and is considered to be less risky than VGT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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