PGRO vs. PULT
PGRO (Putnam Focused Large Cap Growth ETF) and PULT (Putnam ESG Ultra Short ETF) are both exchange-traded funds - PGRO is a Large Cap Growth Equities fund actively managed by Putnam, while PULT is a Ultrashort Bond fund actively managed by Putnam. Both are actively managed. Their 0.06 correlation means their historical movements had little consistent relationship. PGRO charges 0.55%/yr vs 0.25%/yr for PULT.
Performance
PGRO vs. PULT - Performance Comparison
Loading charts...
Returns By Period
PGRO
- 1D
- 0.76%
- 1M
- -2.55%
- 6M
- 2.79%
- YTD
- 1.37%
- 1Y
- 9.32%
- 3Y*
- 19.26%
- 5Y*
- 10.40%
- 10Y*
- —
- ALL TIME*
- 12.18%
PULT
- 1D
- —
- 1M
- —
- 6M
- —
- YTD
- —
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- —
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $9.82M | $4.94M | $2.18M |
PGRO vs. PULT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
PGRO Putnam Focused Large Cap Growth ETF | 1.37% | 15.13% | 34.01% | 42.10% |
PULT Putnam ESG Ultra Short ETF | 1.23% | 5.08% | 5.93% | 5.47% |
Correlation
The correlation between PGRO and PULT is 0.06, meaning there was essentially no consistent relationship between their historical price movements. Each responded to its own set of market drivers.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.06 |
Correlation (3Y) Balances recent behavior with more history. | 0.06 |
Correlation (All Time) Calculated using the full available price history since Jan 20, 2023 | 0.06 |
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
PGRO vs. PULT — Risk / Return Rank
PGRO
PULT
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
PGRO vs. PULT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Putnam Focused Large Cap Growth ETF (PGRO) and Putnam ESG Ultra Short ETF (PULT). 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 | PULT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.08 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 0.45 | — | — |
| Martin ratioReturn relative to average drawdown | 1.32 | — | — |
Loading charts...
Drawdowns
PGRO vs. PULT - Drawdown Comparison
Loading charts...
Drawdown Indicators
| PGRO | PULT | Difference | |
|---|---|---|---|
Max DrawdownLargest 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 DrawdownCurrent decline from peak | -8.08% | — | — |
Average DrawdownAverage peak-to-trough decline | -10.13% | — | — |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.52% | — | — |
Volatility
PGRO vs. PULT - Volatility Comparison
Loading charts...
Volatility by Period
| PGRO | PULT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.72% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 14.18% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 17.90% | — | — |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 22.07% | — | — |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.77% | — | — |
PGRO vs. PULT - Expense Ratio Comparison
PGRO has a 0.55% expense ratio, which is higher than PULT's 0.25% expense ratio.
Dividends
PGRO vs. PULT - Dividend Comparison
PGRO's dividend yield for the trailing twelve months is around 0.02%, while PULT has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
PGRO Putnam Focused Large Cap Growth ETF | 0.02% | 0.02% | 0.08% | 0.19% | 0.12% |
PULT Putnam ESG Ultra Short ETF | 3.89% | 4.59% | 5.38% | 4.88% | 0.00% |
Frequently Asked Questions
PGRO and PULT have a correlation of 0.06, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, PULT is cheaper at 0.25% per year. The better choice depends on whether you care most about return, fees, risk, or income.
PULT is cheaper with a 0.25% expense ratio, compared with 0.55% for PGRO.
PULT has the higher dividend yield at 3.89%, compared with 0.02% for PGRO.
PGRO is categorized as Large Cap Growth Equities, while PULT is Ultrashort Bond. Their fees differ too: 0.55% for PGRO and 0.25% for PULT.
Find the right allocation for PGRO and PULT
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer