PGTAX vs. PGTYX

Last updated Apr 2, 2026

Compare and contrast key facts about Putnam Global Technology Fund Class A (PGTAX) and Putnam Global Technology Fund (PGTYX).

PGTAX is a passively managed fund by Putnam that tracks the performance of the MSCI ACWI Information Technology Index (NR). It was launched on Dec 18, 2008. PGTYX is managed by Putnam. It was launched on Dec 17, 2008.

Performance

PGTAX vs. PGTYX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Putnam Global Technology Fund Class A (PGTAX) and Putnam Global Technology Fund (PGTYX). The values are adjusted to include any dividend payments, if applicable.

PGTAX vs. PGTYX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
PGTAX Putnam Global Technology Fund Class A	-3.86%	23.03%	27.57%	53.42%	-32.46%	11.44%	70.50%	47.20%	-6.96%	46.70%
PGTYX Putnam Global Technology Fund	-3.79%	23.31%	27.88%	53.82%	-32.30%	11.72%	70.92%	47.50%	-6.72%	47.05%

Returns By Period

The year-to-date returns for both investments are quite close, with PGTAX having a -3.86% return and PGTYX slightly higher at -3.79%. Both investments have delivered pretty close results over the past 10 years, with PGTAX having a 21.07% annualized return and PGTYX not far ahead at 21.36%.

PGTAX

• 1D: 4.59%
• 1M: -5.01%
• YTD: -3.86%
• 6M: -4.20%
• 1Y: 34.92%
• 3Y*: 23.29%
• 5Y*: 10.52%
• 10Y*: 21.07%

PGTYX

• 1D: 4.59%
• 1M: -4.99%
• YTD: -3.79%
• 6M: -4.08%
• 1Y: 35.25%
• 3Y*: 23.60%
• 5Y*: 10.79%
• 10Y*: 21.36%

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

PGTAX vs. PGTYX - Expense Ratio Comparison

PGTAX has a 1.04% expense ratio, which is higher than PGTYX's 0.62% expense ratio.

PGTAX

Putnam Global Technology Fund Class A

PGTYX

Putnam Global Technology Fund

Return for Risk

PGTAX vs. PGTYX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

PGTAX

PGTAX Risk / Return Rank: 70
PGTAX Sharpe Ratio Rank: 64
PGTAX Sortino Ratio Rank: 67
PGTAX Omega Ratio Rank: 62
PGTAX Calmar Ratio Rank: 86
PGTAX Martin Ratio Rank: 69

PGTYX

PGTYX Risk / Return Rank: 77
PGTYX Sharpe Ratio Rank: 72
PGTYX Sortino Ratio Rank: 74
PGTYX Omega Ratio Rank: 69
PGTYX Calmar Ratio Rank: 89
PGTYX Martin Ratio Rank: 79

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.

PGTAX vs. PGTYX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Putnam Global Technology Fund Class A (PGTAX) and Putnam Global Technology Fund (PGTYX). 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.

	PGTAX	PGTYX	Difference
Sharpe ratio Return per unit of total volatility	1.29	1.31	-0.01
Sortino ratio Return per unit of downside risk	1.89	1.90	-0.01
Omega ratio Gain probability vs. loss probability	1.27	1.27	0.00
Calmar ratio Return relative to maximum drawdown	2.47	2.50	-0.02
Martin ratio Return relative to average drawdown	7.80	7.91	-0.11
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

PGTAX vs. PGTYX - Sharpe Ratio Comparison

The current PGTAX Sharpe Ratio is 1.29, which is comparable to the PGTYX Sharpe Ratio of 1.31. The chart below compares the historical Sharpe Ratios of PGTAX and PGTYX, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	PGTAX	PGTYX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.29	1.31	-0.01
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.43	0.44	-0.01
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.88	0.90	-0.01
Sharpe Ratio (All Time) Calculated using the full available price history	0.84	0.85	-0.01

Correlation

The correlation between PGTAX and PGTYX is 1.00, 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

PGTAX vs. PGTYX - Dividend Comparison

PGTAX's dividend yield for the trailing twelve months is around 11.91%, more than PGTYX's 11.26% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
PGTAX Putnam Global Technology Fund Class A	11.91%	11.45%	6.71%	0.38%	1.52%	22.04%	14.04%	2.49%	9.37%	6.91%	0.83%	4.64%
PGTYX Putnam Global Technology Fund	11.26%	10.83%	6.40%	0.57%	1.71%	21.15%	13.60%	2.63%	9.44%	6.75%	1.01%	4.56%

Drawdowns

PGTAX vs. PGTYX - Drawdown Comparison

The maximum PGTAX drawdown since its inception was -42.21%, roughly equal to the maximum PGTYX drawdown of -42.09%. Use the drawdown chart below to compare losses from any high point for PGTAX and PGTYX.

Drawdown Indicators

	PGTAX	PGTYX	Difference
Max Drawdown Largest peak-to-trough decline	-42.21%	-42.09%	-0.12%
Max Drawdown (1Y) Largest decline over 1 year	-14.52%	-14.51%	-0.01%
Max Drawdown (5Y) Largest decline over 5 years	-42.21%	-42.09%	-0.12%
Max Drawdown (10Y) Largest decline over 10 years	-42.21%	-42.09%	-0.12%
Current Drawdown Current decline from peak	-9.71%	-9.61%	-0.10%
Average Drawdown Average peak-to-trough decline	-6.72%	-6.66%	-0.06%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.60%	4.58%	+0.02%

Volatility

PGTAX vs. PGTYX - Volatility Comparison

Putnam Global Technology Fund Class A (PGTAX) and Putnam Global Technology Fund (PGTYX) have volatilities of 9.39% and 9.40%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	PGTAX	PGTYX	Difference
Volatility (1M) Calculated over the trailing 1-month period	9.39%	9.40%	-0.01%
Volatility (6M) Calculated over the trailing 6-month period	17.20%	17.20%	0.00%
Volatility (1Y) Calculated over the trailing 1-year period	28.33%	28.33%	0.00%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	24.75%	24.75%	0.00%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	23.91%	23.91%	0.00%