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.
Correlation
The correlation between PGTYX and DXQLX is 0.92, 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.
Performance
PGTYX vs. DXQLX - Performance Comparison
Key characteristics
PGTYX:
0.58
DXQLX:
1.07
PGTYX:
0.91
DXQLX:
1.53
PGTYX:
1.12
DXQLX:
1.20
PGTYX:
0.80
DXQLX:
1.27
PGTYX:
2.29
DXQLX:
4.94
PGTYX:
5.89%
DXQLX:
7.03%
PGTYX:
23.15%
DXQLX:
32.59%
PGTYX:
-52.31%
DXQLX:
-95.28%
PGTYX:
-9.85%
DXQLX:
-5.43%
Returns By Period
In the year-to-date period, PGTYX achieves a 1.25% return, which is significantly lower than DXQLX's 3.28% return. Over the past 10 years, PGTYX has underperformed DXQLX with an annualized return of 13.94%, while DXQLX has yielded a comparatively higher 24.93% annualized return.
PGTYX
1.25%
-0.67%
4.09%
13.68%
10.24%
13.94%
DXQLX
3.28%
-0.57%
23.00%
33.83%
22.68%
24.93%
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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.
Dividends
PGTYX vs. DXQLX - Dividend Comparison
PGTYX has not paid dividends to shareholders, while DXQLX's dividend yield for the trailing twelve months is around 0.92%.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PGTYX Putnam Global Technology Fund | 0.00% | 0.00% | 0.57% | 1.71% | 0.00% | 0.00% | 0.58% | 0.49% | 0.00% | 0.83% | 0.00% | 5.14% |
DXQLX Direxion Monthly NASDAQ-100 Bull 1.75X Fund | 0.92% | 0.33% | 0.00% | 0.00% | 0.00% | 0.28% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
PGTYX vs. DXQLX - Drawdown Comparison
The maximum PGTYX drawdown since its inception was -52.31%, smaller than the maximum DXQLX drawdown of -95.28%. Use the drawdown chart below to compare losses from any high point for PGTYX and DXQLX. For additional features, visit the drawdowns tool.
Volatility
PGTYX vs. DXQLX - Volatility Comparison
The current volatility for Putnam Global Technology Fund (PGTYX) is 9.16%, while Direxion Monthly NASDAQ-100 Bull 1.75X Fund (DXQLX) has a volatility of 10.69%. 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.