PGTYX vs. EVOIX
PGTYX (Putnam Global Technology Fund) and EVOIX (Altegris Futures Evolution Strategy Fund) are both mutual funds - PGTYX is a Technology Equities fund managed by Putnam, while EVOIX is a Systematic Trend fund managed by Altegris. Over the past 10 years, PGTYX returned 25.45%/yr vs 3.33%/yr for EVOIX. At a 0.11 correlation, their price movements are largely independent. PGTYX charges 0.62%/yr vs 1.34%/yr for EVOIX.
Performance
PGTYX vs. EVOIX - Performance Comparison
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Returns By Period
In the year-to-date period, PGTYX achieves a 33.25% return, which is significantly higher than EVOIX's 7.22% return. Over the past 10 years, PGTYX has outperformed EVOIX with an annualized return of 25.45%, while EVOIX has yielded a comparatively lower 3.33% annualized return.
PGTYX
- 1D
- 4.10%
- 1M
- 5.84%
- YTD
- 33.25%
- 6M
- 35.55%
- 1Y
- 57.85%
- 3Y*
- 33.17%
- 5Y*
- 17.76%
- 10Y*
- 25.45%
EVOIX
- 1D
- -0.15%
- 1M
- -2.20%
- YTD
- 7.22%
- 6M
- 9.71%
- 1Y
- 21.89%
- 3Y*
- 5.38%
- 5Y*
- 6.74%
- 10Y*
- 3.33%
PGTYX vs. EVOIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
PGTYX Putnam Global Technology Fund | 33.25% | 23.31% | 27.88% | 53.82% | -32.30% | 11.72% | 70.92% | 47.50% | -6.72% | 47.05% |
EVOIX Altegris Futures Evolution Strategy Fund | 7.22% | 4.69% | 3.86% | 5.03% | 12.84% | 12.20% | -12.94% | 4.22% | -7.58% | 9.09% |
Correlation
The correlation between PGTYX and EVOIX is 0.17, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.18 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.13 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.05 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.12 |
Correlation (All Time) Calculated using the full available price history since Oct 31, 2011 | 0.11 |
The correlation between PGTYX and EVOIX shifts across timeframes, from 0.05 (5 years) to 0.17 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
PGTYX vs. EVOIX — Risk / Return Rank
PGTYX
EVOIX
PGTYX vs. EVOIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Putnam Global Technology Fund (PGTYX) and Altegris Futures Evolution Strategy Fund (EVOIX). 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.
| PGTYX | EVOIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.27 | ||
| Sortino ratioReturn per unit of downside risk | +0.07 | ||
| Omega ratioGain probability vs. loss probability | 1.42 | 1.40 | +0.02 |
| Calmar ratioReturn relative to maximum drawdown | 4.40 | 4.25 | +0.15 |
| Martin ratioReturn relative to average drawdown | 13.43 | 13.43 | 0.00 |
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Drawdowns
PGTYX vs. EVOIX - Drawdown Comparison
The maximum PGTYX drawdown since its inception was -42.09%, which is greater than EVOIX's maximum drawdown of -29.57%. Use the drawdown chart below to compare losses from any high point for PGTYX and EVOIX.
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Drawdown Indicators
| PGTYX | EVOIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -42.09% | -29.57% | -12.52% |
Max Drawdown (1Y)Largest decline over 1 year | -13.58% | -5.32% | -8.26% |
Max Drawdown (3Y)Largest decline over 3 years | -28.36% | -18.80% | -9.56% |
Max Drawdown (5Y)Largest decline over 5 years | -42.09% | -18.80% | -23.29% |
Max Drawdown (10Y)Largest decline over 10 years | -42.09% | -29.57% | -12.52% |
Current DrawdownCurrent decline from peak | -7.65% | -2.91% | -4.74% |
Average DrawdownAverage peak-to-trough decline | -6.61% | -8.14% | +1.53% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.44% | 1.68% | +2.76% |
Volatility
PGTYX vs. EVOIX - Volatility Comparison
Putnam Global Technology Fund (PGTYX) has a higher volatility of 12.18% compared to Altegris Futures Evolution Strategy Fund (EVOIX) at 2.52%. This indicates that PGTYX's price experiences larger fluctuations and is considered to be riskier than EVOIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PGTYX | EVOIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 12.18% | 2.52% | +9.66% |
Volatility (6M)Calculated over the trailing 6-month period | 20.07% | 7.83% | +12.24% |
Volatility (1Y)Calculated over the trailing 1-year period | 23.87% | 10.14% | +13.73% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 25.29% | 9.71% | +15.58% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 24.27% | 10.48% | +13.79% |
PGTYX vs. EVOIX - Expense Ratio Comparison
PGTYX has a 0.62% expense ratio, which is lower than EVOIX's 1.34% expense ratio.
Dividends
PGTYX vs. EVOIX - Dividend Comparison
PGTYX's dividend yield for the trailing twelve months is around 8.13%, less than EVOIX's 9.50% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EVOIX Altegris Futures Evolution Strategy Fund | 9.50% | 11.11% | 10.09% | 1.71% | 34.87% | 9.73% | 2.23% | 1.63% | 5.52% | 1.57% | 7.27% | 9.05% |
PGTYX Putnam Global Technology Fund | 8.13% | 10.83% | 6.40% | 0.57% | 1.71% | 21.15% | 13.60% | 2.63% | 9.44% | 6.75% | 1.01% | 4.56% |
Frequently Asked Questions
PGTYX and EVOIX have a correlation of 0.17, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
PGTYX has higher volatility (12.18%) compared to EVOIX (2.52%). In terms of maximum drawdown, PGTYX dropped -42.09% vs EVOIX's -29.57%.
PGTYX currently has the higher Sharpe Ratio (2.50 vs 2.23), 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.
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