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 26.20%/yr vs 23.44%/yr for FDGRX. Their correlation of 0.91 suggests significant overlap in exposure. PGTYX charges 0.62%/yr vs 0.52%/yr for FDGRX.
Performance
PGTYX vs. FDGRX - Performance Comparison
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Returns By Period
In the year-to-date period, PGTYX achieves a 38.23% return, which is significantly higher than FDGRX's 21.71% return. Over the past 10 years, PGTYX has outperformed FDGRX with an annualized return of 26.20%, while FDGRX has yielded a comparatively lower 23.44% annualized return.
PGTYX
- 1D
- -0.11%
- 1M
- 7.55%
- YTD
- 38.23%
- 6M
- 37.99%
- 1Y
- 64.66%
- 3Y*
- 34.83%
- 5Y*
- 18.09%
- 10Y*
- 26.20%
FDGRX
- 1D
- -1.05%
- 1M
- 1.13%
- YTD
- 21.71%
- 6M
- 14.48%
- 1Y
- 44.78%
- 3Y*
- 30.10%
- 5Y*
- 15.67%
- 10Y*
- 23.44%
PGTYX vs. FDGRX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
PGTYX Putnam Global Technology Fund | 38.23% | 23.31% | 27.88% | 53.82% | -32.30% | 11.72% | 70.92% | 47.50% | -6.72% | 47.05% |
FDGRX Fidelity Growth Company Fund | 21.71% | 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 0.90, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.90 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.93 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.94 |
Correlation (10Y) Calculated over the trailing 10-year period | 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 0.90 to 0.94 - a consistent structural relationship.
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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 | +0.37 | ||
| Sortino ratioReturn per unit of downside risk | +0.34 | ||
| Omega ratioGain probability vs. loss probability | 1.45 | 1.40 | +0.05 |
| Calmar ratioReturn relative to maximum drawdown | 4.89 | 3.68 | +1.22 |
| Martin ratioReturn relative to average drawdown | 14.65 | 13.48 | +1.16 |
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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.
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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 | -13.58% | -12.60% | -0.98% |
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 | -4.20% | -1.66% | -2.54% |
Average DrawdownAverage peak-to-trough decline | -6.61% | -15.89% | +9.28% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.53% | 3.42% | +1.11% |
Volatility
PGTYX vs. FDGRX - Volatility Comparison
Putnam Global Technology Fund (PGTYX) has a higher volatility of 12.29% compared to Fidelity Growth Company Fund (FDGRX) at 7.45%. 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.
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Volatility by Period
| PGTYX | FDGRX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 12.29% | 7.45% | +4.84% |
Volatility (6M)Calculated over the trailing 6-month period | 20.32% | 15.85% | +4.47% |
Volatility (1Y)Calculated over the trailing 1-year period | 24.34% | 19.60% | +4.74% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 25.39% | 24.11% | +1.28% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 24.33% | 23.48% | +0.85% |
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 7.84%, 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 | 7.84% | 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 FDGRX have a correlation of 0.90, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
PGTYX has higher volatility (12.29%) compared to FDGRX (7.45%). In terms of maximum drawdown, PGTYX dropped -42.09% vs FDGRX's -71.62%.
PGTYX currently has the higher Sharpe Ratio (2.73 vs 2.37), 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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