PGRO vs. SCHG

Last updated Aug 2, 2026

PGRO (Putnam Focused Large Cap Growth ETF) and SCHG (Schwab U.S. Large-Cap Growth ETF) are both Large Cap Growth Equities funds. PGRO is actively managed, while SCHG is passively managed. Over the past 5 years, PGRO returned 10.40%/yr vs 13.15%/yr for SCHG. Their 0.98 correlation means they have historically moved very closely together. PGRO charges 0.55%/yr vs 0.04%/yr for SCHG.

Performance

PGRO vs. SCHG - Performance Comparison

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

Returns By Period

In the year-to-date period, PGRO achieves a 1.37% return, which is significantly lower than SCHG's 4.99% return.

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%

SCHG

• 1D: 1.12%
• 1M: 0.15%
• 6M: 7.02%
• YTD: 4.99%
• 1Y: 16.16%
• 3Y*: 21.39%
• 5Y*: 13.15%
• 10Y*: 18.27%
• ALL TIME*: 16.34%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
PGRO Putnam Focused Large Cap Growth ETF	$9.82M	$4.94M	$2.18M
SCHG Schwab U.S. Large-Cap Growth ETF	$247.66M	$249.87M	$339.91M

PGRO vs. SCHG - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
PGRO Putnam Focused Large Cap Growth ETF	1.37%	15.13%	34.01%	45.19%	-31.53%	16.63%
SCHG Schwab U.S. Large-Cap Growth ETF	4.99%	17.50%	34.95%	50.10%	-31.80%	19.84%

Correlation

The correlation between PGRO and SCHG is 0.94, meaning they have usually moved in the same direction, including during past declines.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.94
Correlation (3Y) Balances recent behavior with more history.	0.96
Correlation (5Y) Shows whether the relationship held over a longer period.	0.98
Correlation (All Time) Calculated using the full available price history since May 26, 2021	0.98

The correlation between PGRO and SCHG has been stable across timeframes, ranging from 0.94 to 0.98 - a consistent structural relationship.

PGRO vs. SCHG - Sectors Allocation Comparison

Sectors	PGRO	SCHG
Technology	50.3%	44.0%
Communication Services	15.8%	14.1%
Healthcare	7.7%	9.9%
Consumer Cyclical	7.3%	11.2%
Financial Services	5.9%	7.7%
Industrials	4.1%	7.6%
Utilities	2.5%	0.5%
Basic Materials	2.4%	1.6%
Consumer Defensive	2.0%	1.9%
Real Estate	0.9%	0.6%
Energy	-	0.9%

Return for Risk

PGRO vs. SCHG — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

PGRO

PGRO Risk / Return Rank: 20
PGRO Sharpe Ratio Rank: 20
PGRO Sortino Ratio Rank: 20
PGRO Omega Ratio Rank: 19
PGRO Calmar Ratio Rank: 19
PGRO Martin Ratio Rank: 20

SCHG

SCHG Risk / Return Rank: 30
SCHG Sharpe Ratio Rank: 33
SCHG Sortino Ratio Rank: 31
SCHG Omega Ratio Rank: 31
SCHG Calmar Ratio Rank: 26
SCHG Martin Ratio Rank: 30

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

PGRO vs. SCHG - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Putnam Focused Large Cap Growth ETF (PGRO) and Schwab U.S. Large-Cap Growth ETF (SCHG). 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	SCHG	Difference
Sharpe ratio: Return per unit of total volatility	0.41	0.82	-0.41
Sortino ratio: Return per unit of downside risk	0.69	1.20	-0.51
Omega ratio: Gain probability vs. loss probability	1.08	1.15	-0.07
Calmar ratio: Return relative to maximum drawdown	0.45	0.83	-0.38
Martin ratio: Return relative to average drawdown	1.32	2.62	-1.29

PGRO vs. SCHG - Sharpe Ratio Comparison

The current PGRO Sharpe Ratio is 0.41, which is lower than the SCHG Sharpe Ratio of 0.82. The chart below compares the historical Sharpe Ratios of PGRO and SCHG, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

PGRO vs. SCHG - Drawdown Comparison

The maximum PGRO drawdown since its inception was -34.73%, roughly equal to the maximum SCHG drawdown of -34.59%. Use the drawdown chart below to compare losses from any high point for PGRO and SCHG.

Drawdown Indicators

	PGRO	SCHG	Difference
Max Drawdown Largest peak-to-trough decline	-34.73%	-34.59%	-0.14%
Max Drawdown (1Y) Largest decline over 1 year	-16.34%	-16.41%	+0.07%
Max Drawdown (3Y) Largest decline over 3 years	-23.31%	-23.39%	+0.08%
Max Drawdown (5Y) Largest decline over 5 years	-34.73%	-34.59%	-0.14%
Max Drawdown (10Y) Largest decline over 10 years	—	-34.59%	—
Current Drawdown Current decline from peak	-8.08%	-3.10%	-4.98%
Average Drawdown Average peak-to-trough decline	-10.13%	-5.19%	-4.94%
Ulcer Index Depth and duration of drawdowns from previous peaks	5.52%	5.19%	+0.33%

Volatility

PGRO vs. SCHG - Volatility Comparison

Putnam Focused Large Cap Growth ETF (PGRO) has a higher volatility of 5.72% compared to Schwab U.S. Large-Cap Growth ETF (SCHG) at 4.32%. This indicates that PGRO's price experiences larger fluctuations and is considered to be riskier than SCHG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	PGRO	SCHG	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.72%	4.32%	+1.40%
Volatility (6M) Calculated over the trailing 6-month period	14.18%	12.90%	+1.28%
Volatility (1Y) Calculated over the trailing 1-year period	17.90%	16.67%	+1.23%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	22.07%	22.42%	-0.35%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	21.77%	21.59%	+0.18%

PGRO vs. SCHG - Expense Ratio Comparison

PGRO has a 0.55% expense ratio, which is higher than SCHG's 0.04% expense ratio.

Dividends

PGRO vs. SCHG - Dividend Comparison

PGRO's dividend yield for the trailing twelve months is around 0.02%, less than SCHG's 0.38% yield.

Position	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%
SCHG Schwab U.S. Large-Cap Growth ETF	0.38%	0.36%	0.39%	0.46%	0.55%	0.42%	0.52%	0.82%	1.27%	1.01%	1.04%	1.22%

Frequently Asked Questions

Can I hold both PGRO and SCHG in my portfolio?

With a correlation of 0.94, PGRO and SCHG move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which is riskier, PGRO or SCHG?

PGRO has higher volatility (5.72%) compared to SCHG (4.32%). In terms of maximum drawdown, PGRO dropped -34.73% vs SCHG's -34.59%.

Which ETF is better, PGRO or SCHG?

On 5-year performance, SCHG leads with 13.15% vs 10.40% for PGRO. On fees, SCHG is cheaper at 0.04% per year. On volatility, SCHG has been the lower-risk option at 4.32%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, PGRO or SCHG?

Over the 5-year period, SCHG has performed better with a 13.15% return vs 10.40%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, PGRO or SCHG?

SCHG is cheaper with a 0.04% expense ratio, compared with 0.55% for PGRO.

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

SCHG has the higher dividend yield at 0.38%, compared with 0.02% for PGRO.

What is the main difference between PGRO and SCHG?

They also come from different issuers: Putnam and Charles Schwab. Their fees differ too: 0.55% for PGRO and 0.04% for SCHG.

Which has better risk-adjusted returns?

SCHG currently has the higher Sharpe Ratio (0.82 vs 0.41), 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.