PGRO vs. IVW
Compare and contrast key facts about Putnam Focused Large Cap Growth ETF (PGRO) and iShares S&P 500 Growth ETF (IVW).
PGRO and IVW are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. PGRO is an actively managed fund by Power Corporation of Canada. It was launched on May 25, 2021. IVW is a passively managed fund by iShares that tracks the performance of the S&P 500/Citigroup Growth Index. It was launched on May 22, 2000.
Performance
PGRO vs. IVW - Performance Comparison
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PGRO vs. IVW - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
PGRO Putnam Focused Large Cap Growth ETF | -8.64% | 15.13% | 34.01% | 45.19% | -31.53% | 16.67% |
IVW iShares S&P 500 Growth ETF | -6.94% | 21.95% | 35.82% | 29.83% | -29.50% | 21.76% |
Returns By Period
In the year-to-date period, PGRO achieves a -8.64% return, which is significantly lower than IVW's -6.94% return.
PGRO
- 1D
- 1.24%
- 1M
- -4.46%
- YTD
- -8.64%
- 6M
- -8.74%
- 1Y
- 16.68%
- 3Y*
- 21.29%
- 5Y*
- —
- 10Y*
- —
IVW
- 1D
- 1.33%
- 1M
- -4.23%
- YTD
- -6.94%
- 6M
- -5.28%
- 1Y
- 23.09%
- 3Y*
- 22.24%
- 5Y*
- 12.40%
- 10Y*
- 15.78%
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PGRO vs. IVW - Expense Ratio Comparison
PGRO has a 0.55% expense ratio, which is higher than IVW's 0.18% expense ratio.
Return for Risk
PGRO vs. IVW — Risk / Return Rank
PGRO
IVW
PGRO vs. IVW - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Putnam Focused Large Cap Growth ETF (PGRO) and iShares S&P 500 Growth ETF (IVW). 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.
| PGRO | IVW | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.73 | 1.04 | -0.31 |
Sortino ratioReturn per unit of downside risk | 1.23 | 1.61 | -0.38 |
Omega ratioGain probability vs. loss probability | 1.17 | 1.23 | -0.06 |
Calmar ratioReturn relative to maximum drawdown | 1.09 | 1.74 | -0.65 |
Martin ratioReturn relative to average drawdown | 3.64 | 6.75 | -3.11 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| PGRO | IVW | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.73 | 1.04 | -0.31 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.59 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.77 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.49 | 0.41 | +0.07 |
Correlation
The correlation between PGRO and IVW is 0.97, 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.
Dividends
PGRO vs. IVW - Dividend Comparison
PGRO's dividend yield for the trailing twelve months is around 0.02%, less than IVW's 0.43% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
IVW iShares S&P 500 Growth ETF | 0.43% | 0.40% | 0.43% | 1.03% | 0.92% | 0.46% | 0.82% | 1.63% | 1.28% | 1.30% | 1.51% | 1.51% |
Drawdowns
PGRO vs. IVW - Drawdown Comparison
The maximum PGRO drawdown since its inception was -34.73%, smaller than the maximum IVW drawdown of -57.33%. Use the drawdown chart below to compare losses from any high point for PGRO and IVW.
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Drawdown Indicators
| PGRO | IVW | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -34.73% | -57.33% | +22.60% |
Max Drawdown (1Y)Largest decline over 1 year | -16.34% | -13.75% | -2.59% |
Max Drawdown (5Y)Largest decline over 5 years | — | -32.72% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -32.72% | — |
Current DrawdownCurrent decline from peak | -12.23% | -9.07% | -3.16% |
Average DrawdownAverage peak-to-trough decline | -10.54% | -17.72% | +7.18% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.91% | 3.55% | +1.36% |
Volatility
PGRO vs. IVW - Volatility Comparison
Putnam Focused Large Cap Growth ETF (PGRO) and iShares S&P 500 Growth ETF (IVW) have volatilities of 7.04% and 7.27%, 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.
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Volatility by Period
| PGRO | IVW | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.04% | 7.27% | -0.23% |
Volatility (6M)Calculated over the trailing 6-month period | 12.77% | 12.67% | +0.10% |
Volatility (1Y)Calculated over the trailing 1-year period | 22.92% | 22.28% | +0.64% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.93% | 21.12% | +0.81% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.93% | 20.54% | +1.39% |