PGTYX vs. ^GSPC

Last updated Apr 2, 2026

Compare and contrast key facts about Putnam Global Technology Fund (PGTYX) and S&P 500 Index (^GSPC).

PGTYX is managed by Putnam. It was launched on Dec 17, 2008.

Performance

PGTYX vs. ^GSPC - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Putnam Global Technology Fund (PGTYX) and S&P 500 Index (^GSPC). The values are adjusted to include any dividend payments, if applicable.

PGTYX vs. ^GSPC - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
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%
^GSPC S&P 500 Index	-3.95%	16.39%	23.31%	24.23%	-19.44%	26.89%	16.26%	28.88%	-6.24%	19.42%

Returns By Period

The year-to-date returns for both stocks are quite close, with PGTYX having a -3.79% return and ^GSPC slightly lower at -3.95%. Over the past 10 years, PGTYX has outperformed ^GSPC with an annualized return of 21.36%, while ^GSPC has yielded a comparatively lower 12.24% annualized return.

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%

^GSPC

• 1D: 0.72%
• 1M: -4.45%
• YTD: -3.95%
• 6M: -2.02%
• 1Y: 16.73%
• 3Y*: 16.96%
• 5Y*: 10.34%
• 10Y*: 12.24%

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

Return for Risk

PGTYX vs. ^GSPC — Risk / Return Rank

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

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

^GSPC

^GSPC Risk / Return Rank: 67
^GSPC Sharpe Ratio Rank: 63
^GSPC Sortino Ratio Rank: 64
^GSPC Omega Ratio Rank: 69
^GSPC Calmar Ratio Rank: 60
^GSPC Martin Ratio Rank: 77

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.

PGTYX vs. ^GSPC - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Putnam Global Technology Fund (PGTYX) and S&P 500 Index (^GSPC). 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.

	PGTYX	^GSPC	Difference
Sharpe ratio Return per unit of total volatility	1.31	0.92	+0.39
Sortino ratio Return per unit of downside risk	1.90	1.41	+0.49
Omega ratio Gain probability vs. loss probability	1.27	1.21	+0.05
Calmar ratio Return relative to maximum drawdown	2.50	1.41	+1.08
Martin ratio Return relative to average drawdown	7.91	6.61	+1.30
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

PGTYX vs. ^GSPC - Sharpe Ratio Comparison

The current PGTYX Sharpe Ratio is 1.31, which is higher than the ^GSPC Sharpe Ratio of 0.92. The chart below compares the historical Sharpe Ratios of PGTYX and ^GSPC, 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

	PGTYX	^GSPC	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.31	0.92	+0.39
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.44	0.61	-0.18
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.90	0.68	+0.22
Sharpe Ratio (All Time) Calculated using the full available price history	0.85	0.46	+0.39

Correlation

The correlation between PGTYX and ^GSPC is 0.85, 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.

Drawdowns

PGTYX vs. ^GSPC - Drawdown Comparison

The maximum PGTYX drawdown since its inception was -42.09%, smaller than the maximum ^GSPC drawdown of -56.78%. Use the drawdown chart below to compare losses from any high point for PGTYX and ^GSPC.

Drawdown Indicators

	PGTYX	^GSPC	Difference
Max Drawdown Largest peak-to-trough decline	-42.09%	-56.78%	+14.69%
Max Drawdown (1Y) Largest decline over 1 year	-14.51%	-12.14%	-2.37%
Max Drawdown (5Y) Largest decline over 5 years	-42.09%	-25.43%	-16.66%
Max Drawdown (10Y) Largest decline over 10 years	-42.09%	-33.92%	-8.17%
Current Drawdown Current decline from peak	-9.61%	-5.78%	-3.83%
Average Drawdown Average peak-to-trough decline	-6.66%	-10.75%	+4.09%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.58%	2.60%	+1.98%

Volatility

PGTYX vs. ^GSPC - Volatility Comparison

Putnam Global Technology Fund (PGTYX) has a higher volatility of 9.40% compared to S&P 500 Index (^GSPC) at 5.37%. This indicates that PGTYX's price experiences larger fluctuations and is considered to be riskier than ^GSPC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	PGTYX	^GSPC	Difference
Volatility (1M) Calculated over the trailing 1-month period	9.40%	5.37%	+4.03%
Volatility (6M) Calculated over the trailing 6-month period	17.20%	9.55%	+7.65%
Volatility (1Y) Calculated over the trailing 1-year period	28.33%	18.33%	+10.00%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	24.75%	16.90%	+7.85%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	23.91%	18.05%	+5.86%