PGTYX vs. FDGRX
PGTYX (Putnam Global Technology Fund) and FDGRX (Fidelity Growth Company Fund) are both mutual funds - PGTYX is a Technology Equities fund managed by Putnam, while FDGRX is a Large Cap Growth Equities fund actively managed by Fidelity. Over the past 10 years, PGTYX returned 23.63%/yr vs 21.52%/yr for FDGRX. Their correlation of 0.91 means they have usually moved in the same direction. PGTYX charges 0.62%/yr vs 0.52%/yr for FDGRX.
Performance
PGTYX vs. FDGRX - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, PGTYX achieves a 24.87% return, which is significantly higher than FDGRX's 15.01% return. Over the past 10 years, PGTYX has outperformed FDGRX with an annualized return of 23.63%, while FDGRX has yielded a comparatively lower 21.52% annualized return.
PGTYX
- 1D
- 5.46%
- 1M
- -4.06%
- 6M
- 23.41%
- YTD
- 24.87%
- 1Y
- 39.74%
- 3Y*
- 28.57%
- 5Y*
- 15.58%
- 10Y*
- 23.63%
- ALL TIME*
- 20.24%
FDGRX
- 1D
- 2.88%
- 1M
- -4.50%
- 6M
- 12.24%
- YTD
- 15.01%
- 1Y
- 27.79%
- 3Y*
- 25.32%
- 5Y*
- 13.97%
- 10Y*
- 21.52%
- ALL TIME*
- 14.94%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $0.00 | $0.00 | $0.00 |
PGTYX vs. FDGRX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
PGTYX Putnam Global Technology Fund | 24.87% | 23.31% | 27.88% | 53.82% | -32.30% | 11.72% | 70.92% | 47.50% | -6.72% | 47.05% |
FDGRX Fidelity Growth Company Fund | 15.01% | 18.54% | 37.18% | 47.25% | -33.86% | 22.57% | 67.42% | 38.40% | -4.14% | 36.76% |
Correlation
The correlation between PGTYX and FDGRX is 0.91, meaning they have usually moved in the same direction, including during past declines.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.91 |
Correlation (3Y) Balances recent behavior with more history. | 0.93 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.94 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.92 |
Correlation (All Time) Calculated using the full available price history since Dec 19, 2008 | 0.91 |
The correlation between PGTYX and FDGRX has been stable across timeframes, ranging from 0.91 to 0.94 - a consistent structural relationship.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
PGTYX vs. FDGRX — Risk / Return Rank
PGTYX
FDGRX
PGTYX vs. FDGRX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Putnam Global Technology Fund (PGTYX) and Fidelity Growth Company Fund (FDGRX). 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 | FDGRX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.09 | ||
| Sortino ratioReturn per unit of downside risk | +0.12 | ||
| Omega ratioGain probability vs. loss probability | 1.24 | 1.22 | +0.02 |
| Calmar ratioReturn relative to maximum drawdown | 2.00 | 2.04 | -0.04 |
| Martin ratioReturn relative to average drawdown | 6.28 | 6.83 | -0.55 |
Loading charts...
Drawdowns
PGTYX vs. FDGRX - Drawdown Comparison
The maximum PGTYX drawdown since its inception was -42.09%, smaller than the maximum FDGRX drawdown of -71.62%. Use the drawdown chart below to compare losses from any high point for PGTYX and FDGRX.
Loading charts...
Drawdown Indicators
| PGTYX | FDGRX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -42.09% | -71.62% | +29.53% |
Max Drawdown (1Y)Largest decline over 1 year | -17.94% | -12.60% | -5.34% |
Max Drawdown (3Y)Largest decline over 3 years | -28.36% | -26.19% | -2.17% |
Max Drawdown (5Y)Largest decline over 5 years | -42.09% | -40.25% | -1.84% |
Max Drawdown (10Y)Largest decline over 10 years | -42.09% | -40.25% | -1.84% |
Current DrawdownCurrent decline from peak | -13.46% | -7.06% | -6.40% |
Average DrawdownAverage peak-to-trough decline | -6.63% | -15.86% | +9.23% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.70% | 3.74% | +1.96% |
Volatility
PGTYX vs. FDGRX - Volatility Comparison
Putnam Global Technology Fund (PGTYX) has a higher volatility of 10.48% compared to Fidelity Growth Company Fund (FDGRX) at 6.23%. This indicates that PGTYX's price experiences larger fluctuations and is considered to be riskier than FDGRX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| PGTYX | FDGRX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.48% | 6.23% | +4.25% |
Volatility (6M)Calculated over the trailing 6-month period | 23.11% | 15.89% | +7.22% |
Volatility (1Y)Calculated over the trailing 1-year period | 26.81% | 20.62% | +6.19% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 25.89% | 24.26% | +1.63% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 24.53% | 23.50% | +1.03% |
PGTYX vs. FDGRX - Expense Ratio Comparison
PGTYX has a 0.62% expense ratio, which is higher than FDGRX's 0.52% expense ratio.
Dividends
PGTYX vs. FDGRX - Dividend Comparison
PGTYX's dividend yield for the trailing twelve months is around 8.67%, while FDGRX has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FDGRX Fidelity Growth Company Fund | 0.00% | 0.00% | 8.86% | 3.83% | 7.20% | 10.67% | 8.86% | 3.84% | 6.38% | 4.73% | 6.16% | 3.92% |
PGTYX Putnam Global Technology Fund | 8.67% | 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
With a correlation of 0.91, PGTYX and FDGRX move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
PGTYX has higher volatility (10.48%) compared to FDGRX (6.23%). In terms of maximum drawdown, PGTYX dropped -42.09% vs FDGRX's -71.62%.
PGTYX currently has the higher Sharpe Ratio (1.34 vs 1.24), 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.
Find the right allocation for PGTYX and FDGRX
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer