PGRO vs. QCON

Last updated Jun 4, 2026

PGRO (Putnam Focused Large Cap Growth ETF) and QCON (American Century Quality Convertible Securities ETF) are both exchange-traded funds - PGRO is a Large Cap Growth Equities fund actively managed by Power Corporation of Canada, while QCON is a Corporate Bonds fund actively managed by American Century. Both are actively managed. PGRO charges 0.55%/yr vs 0.32%/yr for QCON.

Performance

PGRO vs. QCON - Performance Comparison

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

Returns By Period

PGRO

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

QCON

• 1D: 0.00%
• 1M: 0.00%
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

PGRO vs. QCON - Yearly Performance Comparison

	2026 (YTD)
PGRO Putnam Focused Large Cap Growth ETF	12.63%
QCON American Century Quality Convertible Securities ETF	0.00%

PGRO vs. QCON - Sectors Allocation Comparison

Sectors	PGRO	QCON
Technology	49.5%	-
Communication Services	14.3%	-
Consumer Cyclical	10.4%	-
Industrials	7.1%	1.0%
Healthcare	7.1%	-
Financial Services	5.4%	7.9%
Consumer Defensive	2.7%	-
Basic Materials	2.5%	-
Utilities	1.1%	1.5%
Real Estate	0.9%	-
Energy	-	-

Return for Risk

PGRO vs. QCON — 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

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. QCON - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Putnam Focused Large Cap Growth ETF (PGRO) and American Century Quality Convertible Securities ETF (QCON). 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	QCON	Difference
Sharpe ratio: Return per unit of total volatility	1.58	—	—
Sortino ratio: Return per unit of downside risk	2.20	—	—
Omega ratio: Gain probability vs. loss probability	1.28	—	—
Calmar ratio: Return relative to maximum drawdown	1.56	—	—
Martin ratio: Return relative to average drawdown	5.12	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	PGRO	QCON	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.58	—	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.65	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.66	—	—

Drawdowns

PGRO vs. QCON - Drawdown Comparison

The maximum PGRO drawdown since its inception was -34.73%, which is greater than QCON's maximum drawdown of 0.00%. Use the drawdown chart below to compare losses from any high point for PGRO and QCON.

Drawdown Indicators

	PGRO	QCON	Difference
Max Drawdown Largest peak-to-trough decline	-34.73%	0.00%	-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	-1.07%	0.00%	-1.07%
Average Drawdown Average peak-to-trough decline	-10.27%	0.00%	-10.27%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.96%	—	—

Volatility

Volatility by Period

	PGRO	QCON	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.05%	—	—
Volatility (6M) Calculated over the trailing 6-month period	12.28%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	16.10%	0.00%	+16.10%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	21.81%	0.00%	+21.81%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	21.77%	0.00%	+21.77%

PGRO vs. QCON - Expense Ratio Comparison

PGRO has a 0.55% expense ratio, which is higher than QCON's 0.32% expense ratio.

Dividends

PGRO vs. QCON - Dividend Comparison

PGRO's dividend yield for the trailing twelve months is around 0.02%, while QCON 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%
QCON American Century Quality Convertible Securities ETF	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Which ETF is better, PGRO or QCON?

On fees, QCON is cheaper at 0.32% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, PGRO or QCON?

QCON is cheaper with a 0.32% expense ratio, compared with 0.55% for PGRO.

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

PGRO has the higher dividend yield at 0.02%, compared with 0.00% for QCON.

What is the main difference between PGRO and QCON?

PGRO is categorized as Large Cap Growth Equities, while QCON is Corporate Bonds. They also come from different issuers: Power Corporation of Canada and American Century. Their fees differ too: 0.55% for PGRO and 0.32% for QCON.