PGRO vs. EINC

Last updated Jun 23, 2026

PGRO (Putnam Focused Large Cap Growth ETF) and EINC (VanEck Energy Income ETF) are both exchange-traded funds - PGRO is a Large Cap Growth Equities fund actively managed by Power Corporation of Canada, while EINC is a Energy Equities fund tracking the MVIS North America Energy Infrastructure Index. PGRO is actively managed, while EINC is passively managed. Over the past 5 years, PGRO returned 12.34%/yr vs 20.86%/yr for EINC. At a 0.26 correlation, their price movements are largely independent. PGRO charges 0.55%/yr vs 0.45%/yr for EINC.

Performance

PGRO vs. EINC - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Putnam Focused Large Cap Growth ETF (PGRO) and VanEck Energy Income ETF (EINC). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, PGRO achieves a 5.50% return, which is significantly lower than EINC's 24.27% return.

PGRO

• 1D: -1.04%
• 1M: -1.49%
• YTD: 5.50%
• 6M: 4.90%
• 1Y: 20.73%
• 3Y*: 22.44%
• 5Y*: 12.34%
• 10Y*: —

EINC

• 1D: 1.33%
• 1M: -5.79%
• YTD: 24.27%
• 6M: 25.77%
• 1Y: 27.21%
• 3Y*: 29.77%
• 5Y*: 20.86%
• 10Y*: 11.88%

*Multi-year figures are annualized to reflect compound growth (CAGR)

PGRO vs. EINC - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
PGRO Putnam Focused Large Cap Growth ETF	5.50%	15.13%	34.01%	45.19%	-31.53%	16.63%
EINC VanEck Energy Income ETF	24.27%	7.11%	42.79%	15.55%	19.18%	2.90%

Correlation

The correlation between PGRO and EINC is -0.17, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	-0.17
Correlation (3Y) Calculated over the trailing 3-year period	0.11
Correlation (5Y) Calculated over the trailing 5-year period	0.26
Correlation (All Time) Calculated using the full available price history since May 26, 2021	0.26

The correlation between PGRO and EINC shifts across timeframes, from -0.17 (1 year) to 0.26 (5 years), reflecting how their relationship changes across market environments.

PGRO vs. EINC - Sectors Allocation Comparison

Sectors	PGRO	EINC
Technology	51.1%	-
Communication Services	12.9%	-
Consumer Cyclical	9.6%	-
Healthcare	7.8%	-
Financial Services	5.0%	-
Industrials	4.4%	2.5%
Utilities	2.6%	0.6%
Consumer Defensive	2.4%	-
Basic Materials	2.3%	-
Real Estate	0.9%	-
Energy	-	99.4%

Return for Risk

PGRO vs. EINC — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

PGRO

PGRO Risk / Return Rank: 32
PGRO Sharpe Ratio Rank: 35
PGRO Sortino Ratio Rank: 34
PGRO Omega Ratio Rank: 33
PGRO Calmar Ratio Rank: 27
PGRO Martin Ratio Rank: 30

EINC

EINC Risk / Return Rank: 57
EINC Sharpe Ratio Rank: 55
EINC Sortino Ratio Rank: 52
EINC Omega Ratio Rank: 52
EINC Calmar Ratio Rank: 71
EINC Martin Ratio Rank: 53

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

PGRO vs. EINC - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Putnam Focused Large Cap Growth ETF (PGRO) and VanEck Energy Income ETF (EINC). 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.

	PGRO	EINC	Difference
Sharpe ratio: Return per unit of total volatility	1.23	1.82	-0.59
Sortino ratio: Return per unit of downside risk	1.74	2.47	-0.73
Omega ratio: Gain probability vs. loss probability	1.22	1.32	-0.10
Calmar ratio: Return relative to maximum drawdown	1.27	3.47	-2.19
Martin ratio: Return relative to average drawdown	4.11	8.82	-4.71

PGRO vs. EINC - Sharpe Ratio Comparison

The current PGRO Sharpe Ratio is 1.23, which is lower than the EINC Sharpe Ratio of 1.82. The chart below compares the historical Sharpe Ratios of PGRO and EINC, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

PGRO vs. EINC - Drawdown Comparison

The maximum PGRO drawdown since its inception was -34.73%, smaller than the maximum EINC drawdown of -87.55%. Use the drawdown chart below to compare losses from any high point for PGRO and EINC.

Drawdown Indicators

	PGRO	EINC	Difference
Max Drawdown Largest peak-to-trough decline	-34.73%	-87.55%	+52.82%
Max Drawdown (1Y) Largest decline over 1 year	-16.34%	-7.89%	-8.45%
Max Drawdown (3Y) Largest decline over 3 years	-23.31%	-16.01%	-7.30%
Max Drawdown (5Y) Largest decline over 5 years	-34.73%	-19.87%	-14.86%
Max Drawdown (10Y) Largest decline over 10 years	—	-68.85%	—
Current Drawdown Current decline from peak	-4.34%	-5.79%	+1.45%
Average Drawdown Average peak-to-trough decline	-10.21%	-44.16%	+33.95%
Ulcer Index Depth and duration of drawdowns from previous peaks	5.05%	3.09%	+1.96%

Volatility

PGRO vs. EINC - Volatility Comparison

Putnam Focused Large Cap Growth ETF (PGRO) and VanEck Energy Income ETF (EINC) have volatilities of 6.19% and 6.32%, 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.

Volatility by Period

	PGRO	EINC	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.19%	6.32%	-0.13%
Volatility (6M) Calculated over the trailing 6-month period	13.19%	11.86%	+1.33%
Volatility (1Y) Calculated over the trailing 1-year period	16.96%	15.07%	+1.89%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	21.93%	19.54%	+2.39%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	21.81%	25.43%	-3.62%

PGRO vs. EINC - Expense Ratio Comparison

PGRO has a 0.55% expense ratio, which is higher than EINC's 0.45% expense ratio.

Dividends

PGRO vs. EINC - Dividend Comparison

PGRO's dividend yield for the trailing twelve months is around 0.02%, less than EINC's 3.56% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
EINC VanEck Energy Income ETF	3.56%	4.51%	3.33%	3.77%	2.89%	6.03%	6.69%	9.66%	11.31%	8.53%	9.71%	28.53%
PGRO Putnam Focused Large Cap Growth ETF	0.02%	0.02%	0.08%	0.19%	0.12%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both PGRO and EINC in my portfolio?

PGRO and EINC have a correlation of -0.17, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, PGRO or EINC?

EINC has higher volatility (6.32%) compared to PGRO (6.19%). In terms of maximum drawdown, PGRO dropped -34.73% vs EINC's -87.55%.

Which ETF is better, PGRO or EINC?

On 5-year performance, EINC leads with 20.86% vs 12.34% for PGRO. On fees, EINC is cheaper at 0.45% per year. On volatility, PGRO has been the lower-risk option at 6.19%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, PGRO or EINC?

Over the 5-year period, EINC has performed better with a 20.86% return vs 12.34%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, PGRO or EINC?

EINC is cheaper with a 0.45% expense ratio, compared with 0.55% for PGRO.

Which ETF pays a higher dividend yield, PGRO or EINC?

EINC has the higher dividend yield at 3.56%, compared with 0.02% for PGRO.

What is the main difference between PGRO and EINC?

PGRO is categorized as Large Cap Growth Equities, while EINC is Energy Equities. They also come from different issuers: Power Corporation of Canada and VanEck. Their fees differ too: 0.55% for PGRO and 0.45% for EINC.

Which has better risk-adjusted returns?

EINC currently has the higher Sharpe Ratio (1.82 vs 1.23), 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.