PGRO vs. PLDR

Last updated Jul 14, 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. Their correlation of 0.91 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

PGRO

• 1D: -1.76%
• 1M: -0.29%
• 6M: 3.82%
• YTD: 4.20%
• 1Y: 13.02%
• 3Y*: 20.49%
• 5Y*: 11.18%
• 10Y*: —

PLDR

• 1D: —
• 1M: —
• 6M: —
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 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	4.20%	15.13%	34.01%	45.19%	-31.53%	16.63%
PLDR Putnam Sustainable Leaders ETF	1.69%	12.03%	23.47%	27.47%	-22.52%	11.54%

Correlation

The correlation between PGRO and PLDR is 0.81, 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	0.81
Correlation (3Y) Calculated over the trailing 3-year period	0.87
Correlation (5Y) Calculated over the trailing 5-year period	0.91
Correlation (All Time) Calculated using the full available price history since May 26, 2021	0.91

The correlation between PGRO and PLDR shifts across timeframes, from 0.81 (1 year) to 0.91 (5 years), reflecting how their relationship changes across market environments.

PGRO vs. PLDR - Sectors Allocation Comparison

Sectors	PGRO	PLDR
Technology	48.3%	38.3%
Communication Services	17.1%	11.1%
Consumer Cyclical	7.8%	10.1%
Healthcare	7.3%	7.5%
Financial Services	5.4%	9.9%
Industrials	4.3%	8.4%
Utilities	2.6%	3.4%
Basic Materials	2.4%	2.3%
Consumer Defensive	1.9%	5.3%
Real Estate	0.9%	0.6%
Energy	-	3.1%

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: 24
PGRO Sharpe Ratio Rank: 26
PGRO Sortino Ratio Rank: 25
PGRO Omega Ratio Rank: 24
PGRO Calmar Ratio Rank: 22
PGRO Martin Ratio Rank: 24

PLDR

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

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.

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	PLDR	Difference
Sharpe ratio: Return per unit of total volatility	0.76	—	—
Sortino ratio: Return per unit of downside risk	1.14	—	—
Omega ratio: Gain probability vs. loss probability	1.14	—	—
Calmar ratio: Return relative to maximum drawdown	0.80	—	—
Martin ratio: Return relative to average drawdown	2.51	—	—

Drawdowns

Drawdown Indicators

	PGRO	PLDR	Difference
Max Drawdown Largest peak-to-trough decline	-34.73%	—	—
Max Drawdown (1Y) Largest decline over 1 year	-16.34%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-23.31%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-34.73%	—	—
Current Drawdown Current decline from peak	-5.52%	—	—
Average Drawdown Average peak-to-trough decline	-10.15%	—	—
Ulcer Index Depth and duration of drawdowns from previous peaks	5.21%	—	—

Volatility

Volatility by Period

	PGRO	PLDR	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.29%	—	—
Volatility (6M) Calculated over the trailing 6-month period	13.78%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	17.35%	—	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	22.02%	—	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	21.79%	—	—

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%, while PLDR has not paid dividends to shareholders.

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	0.37%	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 0.81, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, PGRO or PLDR?

On fees, PGRO is cheaper at 0.55% per year. The better choice depends on whether you care most about return, fees, risk, or income.

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 0.37%, 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.