PGTYX vs. LCSIX

Last updated Jun 24, 2026

PGTYX (Putnam Global Technology Fund) and LCSIX (LoCorr Long/Short Commodity Strategies Fund) are both mutual funds - PGTYX is a Technology Equities fund managed by Putnam, while LCSIX is a Systematic Trend fund managed by LoCorr Funds. Over the past 10 years, PGTYX returned 26.20%/yr vs 2.80%/yr for LCSIX. At a correlation of -0.03, they often move in opposite directions. PGTYX charges 0.62%/yr vs 1.75%/yr for LCSIX.

Performance

PGTYX vs. LCSIX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Putnam Global Technology Fund (PGTYX) and LoCorr Long/Short Commodity Strategies Fund (LCSIX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, PGTYX achieves a 38.23% return, which is significantly higher than LCSIX's 1.51% return. Over the past 10 years, PGTYX has outperformed LCSIX with an annualized return of 26.20%, while LCSIX has yielded a comparatively lower 2.80% 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%

LCSIX

• 1D: -0.23%
• 1M: 0.11%
• YTD: 1.51%
• 6M: 0.00%
• 1Y: -0.64%
• 3Y*: -1.71%
• 5Y*: 0.53%
• 10Y*: 2.80%

*Multi-year figures are annualized to reflect compound growth (CAGR)

PGTYX vs. LCSIX - 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%
LCSIX LoCorr Long/Short Commodity Strategies Fund	1.51%	1.13%	-8.29%	-3.07%	6.04%	14.90%	9.90%	-5.97%	15.16%	6.19%

Correlation

The correlation between PGTYX and LCSIX is 0.13, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.13
Correlation (3Y) Calculated over the trailing 3-year period	0.08
Correlation (5Y) Calculated over the trailing 5-year period	0.07
Correlation (10Y) Calculated over the trailing 10-year period	-0.01
Correlation (All Time) Calculated using the full available price history since Jan 17, 2012	-0.03

The correlation between PGTYX and LCSIX shifts across timeframes, from -0.03 (all time) to 0.13 (1 year), reflecting how their relationship changes across market environments.

Return for Risk

PGTYX vs. LCSIX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

PGTYX

PGTYX Risk / Return Rank: 84
PGTYX Sharpe Ratio Rank: 90
PGTYX Sortino Ratio Rank: 74
PGTYX Omega Ratio Rank: 76
PGTYX Calmar Ratio Rank: 93
PGTYX Martin Ratio Rank: 84

LCSIX

LCSIX Risk / Return Rank: 2
LCSIX Sharpe Ratio Rank: 2
LCSIX Sortino Ratio Rank: 2
LCSIX Omega Ratio Rank: 2
LCSIX Calmar Ratio Rank: 2
LCSIX Martin Ratio Rank: 2

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

PGTYX vs. LCSIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Putnam Global Technology Fund (PGTYX) and LoCorr Long/Short Commodity Strategies Fund (LCSIX). 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	LCSIX	Difference
Sharpe ratio: Return per unit of total volatility	2.73	-0.16	+2.90
Sortino ratio: Return per unit of downside risk	3.28	-0.18	+3.45
Omega ratio: Gain probability vs. loss probability	1.45	0.98	+0.48
Calmar ratio: Return relative to maximum drawdown	4.89	-0.25	+5.14
Martin ratio: Return relative to average drawdown	14.65	-0.50	+15.14

PGTYX vs. LCSIX - Sharpe Ratio Comparison

The current PGTYX Sharpe Ratio is 2.73, which is higher than the LCSIX Sharpe Ratio of -0.16. The chart below compares the historical Sharpe Ratios of PGTYX and LCSIX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

PGTYX vs. LCSIX - Drawdown Comparison

The maximum PGTYX drawdown since its inception was -42.09%, which is greater than LCSIX's maximum drawdown of -25.13%. Use the drawdown chart below to compare losses from any high point for PGTYX and LCSIX.

Drawdown Indicators

	PGTYX	LCSIX	Difference
Max Drawdown Largest peak-to-trough decline	-42.09%	-25.13%	-16.96%
Max Drawdown (1Y) Largest decline over 1 year	-13.58%	-3.87%	-9.71%
Max Drawdown (3Y) Largest decline over 3 years	-28.36%	-11.60%	-16.76%
Max Drawdown (5Y) Largest decline over 5 years	-42.09%	-13.21%	-28.88%
Max Drawdown (10Y) Largest decline over 10 years	-42.09%	-13.54%	-28.55%
Current Drawdown Current decline from peak	-4.20%	-9.87%	+5.67%
Average Drawdown Average peak-to-trough decline	-6.61%	-6.38%	-0.23%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.53%	2.09%	+2.44%

Volatility

PGTYX vs. LCSIX - Volatility Comparison

Putnam Global Technology Fund (PGTYX) has a higher volatility of 12.29% compared to LoCorr Long/Short Commodity Strategies Fund (LCSIX) at 1.21%. This indicates that PGTYX's price experiences larger fluctuations and is considered to be riskier than LCSIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	PGTYX	LCSIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	12.29%	1.21%	+11.08%
Volatility (6M) Calculated over the trailing 6-month period	20.32%	4.89%	+15.43%
Volatility (1Y) Calculated over the trailing 1-year period	24.34%	6.10%	+18.24%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	25.39%	5.51%	+19.88%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	24.33%	6.66%	+17.67%

PGTYX vs. LCSIX - Expense Ratio Comparison

PGTYX has a 0.62% expense ratio, which is lower than LCSIX's 1.75% expense ratio.

Dividends

PGTYX vs. LCSIX - Dividend Comparison

PGTYX's dividend yield for the trailing twelve months is around 7.84%, more than LCSIX's 2.28% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
LCSIX LoCorr Long/Short Commodity Strategies Fund	2.28%	2.32%	2.75%	1.88%	10.75%	7.14%	2.94%	0.54%	12.36%	0.02%	3.21%	7.36%
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

Can I hold both PGTYX and LCSIX in my portfolio?

PGTYX and LCSIX have a correlation of 0.13, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, PGTYX or LCSIX?

PGTYX has higher volatility (12.29%) compared to LCSIX (1.21%). In terms of maximum drawdown, PGTYX dropped -42.09% vs LCSIX's -25.13%.

Which has better risk-adjusted returns?

PGTYX currently has the higher Sharpe Ratio (2.73 vs -0.16), 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.