PGRO vs. POGAX
Compare and contrast key facts about Putnam Focused Large Cap Growth ETF (PGRO) and Putnam Growth Opportunities Fund (POGAX).
PGRO is an actively managed fund by Power Corporation of Canada. It was launched on May 25, 2021. POGAX is managed by Putnam. It was launched on Oct 2, 1995.
Performance
PGRO vs. POGAX - Performance Comparison
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PGRO vs. POGAX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
PGRO Putnam Focused Large Cap Growth ETF | -9.76% | 15.13% | 34.01% | 45.19% | -31.53% | 16.67% |
POGAX Putnam Growth Opportunities Fund | -12.94% | 14.28% | 33.22% | 44.22% | -30.43% | 17.17% |
Returns By Period
In the year-to-date period, PGRO achieves a -9.76% return, which is significantly higher than POGAX's -12.94% return.
PGRO
- 1D
- 3.63%
- 1M
- -5.32%
- YTD
- -9.76%
- 6M
- -9.34%
- 1Y
- 16.44%
- 3Y*
- 20.79%
- 5Y*
- —
- 10Y*
- —
POGAX
- 1D
- -0.55%
- 1M
- -9.00%
- YTD
- -12.94%
- 6M
- -12.36%
- 1Y
- 11.50%
- 3Y*
- 18.78%
- 5Y*
- 10.34%
- 10Y*
- 16.09%
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PGRO vs. POGAX - Expense Ratio Comparison
PGRO has a 0.55% expense ratio, which is lower than POGAX's 0.99% expense ratio.
Return for Risk
PGRO vs. POGAX — Risk / Return Rank
PGRO
POGAX
PGRO vs. POGAX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Putnam Focused Large Cap Growth ETF (PGRO) and Putnam Growth Opportunities Fund (POGAX). 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 | POGAX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.72 | 0.52 | +0.20 |
Sortino ratioReturn per unit of downside risk | 1.21 | 0.91 | +0.30 |
Omega ratioGain probability vs. loss probability | 1.17 | 1.13 | +0.04 |
Calmar ratioReturn relative to maximum drawdown | 1.00 | 0.52 | +0.47 |
Martin ratioReturn relative to average drawdown | 3.36 | 1.82 | +1.54 |
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 | POGAX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.72 | 0.52 | +0.20 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.48 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.76 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.48 | 0.41 | +0.07 |
Correlation
The correlation between PGRO and POGAX is 0.99, 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. POGAX - Dividend Comparison
PGRO's dividend yield for the trailing twelve months is around 0.02%, less than POGAX's 6.53% 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% |
POGAX Putnam Growth Opportunities Fund | 6.53% | 5.68% | 4.58% | 0.49% | 7.80% | 9.08% | 3.29% | 3.83% | 7.98% | 1.89% | 0.01% | 5.70% |
Drawdowns
PGRO vs. POGAX - Drawdown Comparison
The maximum PGRO drawdown since its inception was -34.73%, smaller than the maximum POGAX drawdown of -76.55%. Use the drawdown chart below to compare losses from any high point for PGRO and POGAX.
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Drawdown Indicators
| PGRO | POGAX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -34.73% | -76.55% | +41.82% |
Max Drawdown (1Y)Largest decline over 1 year | -16.34% | -16.42% | +0.08% |
Max Drawdown (5Y)Largest decline over 5 years | — | -34.15% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -34.15% | — |
Current DrawdownCurrent decline from peak | -13.31% | -16.42% | +3.11% |
Average DrawdownAverage peak-to-trough decline | -10.54% | -29.19% | +18.65% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.85% | 4.73% | +0.12% |
Volatility
PGRO vs. POGAX - Volatility Comparison
Putnam Focused Large Cap Growth ETF (PGRO) has a higher volatility of 6.91% compared to Putnam Growth Opportunities Fund (POGAX) at 5.57%. This indicates that PGRO's price experiences larger fluctuations and is considered to be riskier than POGAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PGRO | POGAX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.91% | 5.57% | +1.34% |
Volatility (6M)Calculated over the trailing 6-month period | 12.72% | 12.20% | +0.52% |
Volatility (1Y)Calculated over the trailing 1-year period | 22.89% | 22.15% | +0.74% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.93% | 21.62% | +0.31% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.93% | 21.12% | +0.81% |