PGRO vs. PLDR

Last updated Jun 4, 2026

PGRO (Putnam Focused Large Cap Growth ETF) and PLDR (Putnam Sustainable Leaders ETF) are both exchange-traded funds - PGRO is a Large Cap Growth Equities fund actively managed by Power Corporation of Canada, while PLDR is a Sustainable fund actively managed by Power Corporation of Canada. Both are actively managed. Over the past 5 years, PGRO returned 14.11%/yr vs 9.82%/yr for PLDR. Their correlation of 0.92 suggests significant overlap in exposure. PGRO charges 0.55%/yr vs 0.59%/yr for PLDR.

Performance

PGRO vs. PLDR - Performance Comparison

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

Returns By Period

In the year-to-date period, PGRO achieves a 9.11% return, which is significantly higher than PLDR's 4.85% return.

PGRO

• 1D: -0.97%
• 1M: 6.31%
• YTD: 9.11%
• 6M: 8.47%
• 1Y: 25.32%
• 3Y*: 24.74%
• 5Y*: 14.11%
• 10Y*: —

PLDR

• 1D: -0.20%
• 1M: 4.50%
• YTD: 4.85%
• 6M: 4.09%
• 1Y: 20.39%
• 3Y*: 18.32%
• 5Y*: 9.82%
• 10Y*: —

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

PGRO vs. PLDR - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
PGRO Putnam Focused Large Cap Growth ETF	9.11%	15.13%	34.01%	45.19%	-31.53%	16.67%
PLDR Putnam Sustainable Leaders ETF	4.85%	12.03%	23.47%	27.47%	-22.52%	11.57%

Correlation

The correlation between PGRO and PLDR is 0.88, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.88
Correlation (3Y) Calculated over the trailing 3-year period	0.89
Correlation (5Y) Calculated over the trailing 5-year period	0.92
Correlation (All Time) Calculated using the full available price history since May 27, 2021	0.92

The correlation between PGRO and PLDR has been stable across timeframes, ranging from 0.88 to 0.92 - a consistent structural relationship.

PGRO vs. PLDR - Sectors Allocation Comparison

Sectors	PGRO	PLDR
Technology	49.5%	24.1%
Communication Services	14.3%	12.0%
Consumer Cyclical	10.4%	8.8%
Industrials	7.1%	8.3%
Healthcare	7.1%	4.9%
Financial Services	5.4%	6.9%
Consumer Defensive	2.7%	5.2%
Basic Materials	2.5%	2.4%
Utilities	1.1%	2.9%
Real Estate	0.9%	0.9%
Energy	-	2.8%

Return for Risk

PGRO vs. PLDR — Risk / Return Rank

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

PGRO

PGRO Risk / Return Rank: 39
PGRO Sharpe Ratio Rank: 45
PGRO Sortino Ratio Rank: 44
PGRO Omega Ratio Rank: 43
PGRO Calmar Ratio Rank: 32
PGRO Martin Ratio Rank: 34

PLDR

PLDR Risk / Return Rank: 43
PLDR Sharpe Ratio Rank: 48
PLDR Sortino Ratio Rank: 47
PLDR Omega Ratio Rank: 47
PLDR Calmar Ratio Rank: 33
PLDR Martin Ratio Rank: 38

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. PLDR - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Putnam Focused Large Cap Growth ETF (PGRO) and Putnam Sustainable Leaders ETF (PLDR). 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	PLDR	Difference
Sharpe ratio: Return per unit of total volatility	1.58	1.66	-0.07
Sortino ratio: Return per unit of downside risk	2.20	2.33	-0.14
Omega ratio: Gain probability vs. loss probability	1.28	1.30	-0.02
Calmar ratio: Return relative to maximum drawdown	1.56	1.60	-0.04
Martin ratio: Return relative to average drawdown	5.12	6.04	-0.92
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

PGRO vs. PLDR - Sharpe Ratio Comparison

The current PGRO Sharpe Ratio is 1.58, which is comparable to the PLDR Sharpe Ratio of 1.66. The chart below compares the historical Sharpe Ratios of PGRO and PLDR, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	PGRO	PLDR	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.58	1.66	-0.07
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.65	0.58	+0.07
Sharpe Ratio (All Time) Calculated using the full available price history	0.66	0.58	+0.08

Drawdowns

PGRO vs. PLDR - Drawdown Comparison

The maximum PGRO drawdown since its inception was -34.73%, which is greater than PLDR's maximum drawdown of -29.58%. Use the drawdown chart below to compare losses from any high point for PGRO and PLDR.

Drawdown Indicators

	PGRO	PLDR	Difference
Max Drawdown Largest peak-to-trough decline	-34.73%	-29.58%	-5.15%
Max Drawdown (1Y) Largest decline over 1 year	-16.34%	-12.81%	-3.53%
Max Drawdown (3Y) Largest decline over 3 years	-23.31%	-23.00%	-0.31%
Max Drawdown (5Y) Largest decline over 5 years	-34.73%	-29.58%	-5.15%
Current Drawdown Current decline from peak	-1.07%	-0.20%	-0.87%
Average Drawdown Average peak-to-trough decline	-10.27%	-8.59%	-1.68%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.96%	3.38%	+1.58%

Volatility

PGRO vs. PLDR - Volatility Comparison

Putnam Focused Large Cap Growth ETF (PGRO) has a higher volatility of 4.05% compared to Putnam Sustainable Leaders ETF (PLDR) at 3.19%. This indicates that PGRO's price experiences larger fluctuations and is considered to be riskier than PLDR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	PGRO	PLDR	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.05%	3.19%	+0.86%
Volatility (6M) Calculated over the trailing 6-month period	12.28%	9.56%	+2.72%
Volatility (1Y) Calculated over the trailing 1-year period	16.10%	12.38%	+3.72%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	21.81%	17.07%	+4.74%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	21.77%	17.04%	+4.73%

PGRO vs. PLDR - Expense Ratio Comparison

PGRO has a 0.55% expense ratio, which is lower than PLDR's 0.59% expense ratio.

Dividends

PGRO vs. PLDR - Dividend Comparison

PGRO's dividend yield for the trailing twelve months is around 0.02%, less than PLDR's 0.36% yield.

Position	TTM	2025	2024	2023	2022	2021
PGRO Putnam Focused Large Cap Growth ETF	0.02%	0.02%	0.08%	0.19%	0.12%	0.00%
PLDR Putnam Sustainable Leaders ETF	0.36%	0.37%	0.38%	0.56%	0.63%	0.39%

Frequently Asked Questions

Can I hold both PGRO and PLDR in my portfolio?

PGRO and PLDR have a correlation of 0.88, 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 PLDR?

PGRO has higher volatility (4.05%) compared to PLDR (3.19%). In terms of maximum drawdown, PGRO dropped -34.73% vs PLDR's -29.58%.

Which ETF is better, PGRO or PLDR?

On 5-year performance, PGRO leads with 14.11% vs 9.82% for PLDR. On fees, PGRO is cheaper at 0.55% per year. On volatility, PLDR has been the lower-risk option at 3.19%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, PGRO or PLDR?

Over the 5-year period, PGRO has performed better with a 14.11% return vs 9.82%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, PGRO or PLDR?

PGRO is cheaper with a 0.55% expense ratio, compared with 0.59% for PLDR.

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

PLDR has the higher dividend yield at 0.36%, compared with 0.02% for PGRO.

What is the main difference between PGRO and PLDR?

PGRO is categorized as Large Cap Growth Equities, while PLDR is Sustainable. Their fees differ too: 0.55% for PGRO and 0.59% for PLDR.

Which has better risk-adjusted returns?

PLDR currently has the higher Sharpe Ratio (1.66 vs 1.58), 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.