Correlation
The correlation between PGTYX and DXQLX is 0.86, 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.
PGTYX vs. DXQLX
Compare and contrast key facts about Putnam Global Technology Fund (PGTYX) and Direxion Monthly NASDAQ-100 Bull 1.75X Fund (DXQLX).
PGTYX is managed by Putnam. It was launched on Dec 17, 2008. DXQLX is a passively managed fund by Direxion that tracks the performance of the . It was launched on May 1, 2006.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: PGTYX or DXQLX.
Performance
PGTYX vs. DXQLX - Performance Comparison
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Key characteristics
PGTYX:
0.29
DXQLX:
0.44
PGTYX:
0.46
DXQLX:
0.84
PGTYX:
1.06
DXQLX:
1.12
PGTYX:
0.19
DXQLX:
0.44
PGTYX:
0.57
DXQLX:
1.35
PGTYX:
9.33%
DXQLX:
12.38%
PGTYX:
30.85%
DXQLX:
46.26%
PGTYX:
-42.09%
DXQLX:
-95.03%
PGTYX:
-6.57%
DXQLX:
-8.68%
Returns By Period
In the year-to-date period, PGTYX achieves a -1.31% return, which is significantly lower than DXQLX's -0.28% return. Over the past 10 years, PGTYX has underperformed DXQLX with an annualized return of 19.52%, while DXQLX has yielded a comparatively higher 27.48% annualized return.
PGTYX
-1.31%
11.03%
-3.81%
8.79%
20.27%
16.66%
19.52%
DXQLX
-0.28%
15.49%
0.04%
20.29%
26.36%
25.87%
27.48%
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PGTYX vs. DXQLX - Expense Ratio Comparison
PGTYX has a 0.62% expense ratio, which is lower than DXQLX's 1.39% expense ratio.
Risk-Adjusted Performance
PGTYX vs. DXQLX — Risk-Adjusted Performance Rank
PGTYX
DXQLX
PGTYX vs. DXQLX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Putnam Global Technology Fund (PGTYX) and Direxion Monthly NASDAQ-100 Bull 1.75X Fund (DXQLX). 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.
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Dividends
PGTYX vs. DXQLX - Dividend Comparison
PGTYX's dividend yield for the trailing twelve months is around 6.49%, more than DXQLX's 0.96% yield.
TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
PGTYX Putnam Global Technology Fund | 6.49% | 6.40% | 0.57% | 1.71% | 21.15% | 13.60% | 2.63% | 9.44% | 6.75% | 1.01% | 4.56% | 5.14% |
DXQLX Direxion Monthly NASDAQ-100 Bull 1.75X Fund | 0.96% | 0.33% | 0.00% | 0.00% | 11.76% | 10.90% | 3.38% | 7.37% | 5.72% | 0.00% | 2.40% | 1.16% |
Drawdowns
PGTYX vs. DXQLX - Drawdown Comparison
The maximum PGTYX drawdown since its inception was -42.09%, smaller than the maximum DXQLX drawdown of -95.03%. Use the drawdown chart below to compare losses from any high point for PGTYX and DXQLX.
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Volatility
PGTYX vs. DXQLX - Volatility Comparison
The current volatility for Putnam Global Technology Fund (PGTYX) is 6.97%, while Direxion Monthly NASDAQ-100 Bull 1.75X Fund (DXQLX) has a volatility of 9.46%. This indicates that PGTYX experiences smaller price fluctuations and is considered to be less risky than DXQLX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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