PGTYX vs. PCONX
Compare and contrast key facts about Putnam Global Technology Fund (PGTYX) and Putnam Convertible Securities Fund (PCONX).
PGTYX is managed by Putnam. It was launched on Dec 17, 2008. PCONX is managed by Putnam. It was launched on Jun 28, 1972.
Performance
PGTYX vs. PCONX - Performance Comparison
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PGTYX vs. PCONX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
PGTYX Putnam Global Technology Fund | -3.79% | 23.31% | 27.88% | 53.82% | -32.30% | 11.72% | 70.92% | 47.50% | -6.72% | 47.05% |
PCONX Putnam Convertible Securities Fund | 2.29% | 11.97% | 12.60% | 10.13% | -19.27% | 4.23% | 44.86% | 24.32% | -2.92% | 14.41% |
Returns By Period
In the year-to-date period, PGTYX achieves a -3.79% return, which is significantly lower than PCONX's 2.29% return. Over the past 10 years, PGTYX has outperformed PCONX with an annualized return of 21.36%, while PCONX has yielded a comparatively lower 10.24% annualized return.
PGTYX
- 1D
- 4.59%
- 1M
- -4.99%
- YTD
- -3.79%
- 6M
- -4.08%
- 1Y
- 35.25%
- 3Y*
- 23.60%
- 5Y*
- 10.79%
- 10Y*
- 21.36%
PCONX
- 1D
- 2.67%
- 1M
- -3.85%
- YTD
- 2.29%
- 6M
- 1.14%
- 1Y
- 17.84%
- 3Y*
- 11.33%
- 5Y*
- 3.12%
- 10Y*
- 10.24%
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PGTYX vs. PCONX - Expense Ratio Comparison
PGTYX has a 0.62% expense ratio, which is lower than PCONX's 1.03% expense ratio.
Return for Risk
PGTYX vs. PCONX — Risk / Return Rank
PGTYX
PCONX
PGTYX vs. PCONX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Putnam Global Technology Fund (PGTYX) and Putnam Convertible Securities Fund (PCONX). 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.
| PGTYX | PCONX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.31 | 1.26 | +0.05 |
Sortino ratioReturn per unit of downside risk | 1.90 | 1.78 | +0.12 |
Omega ratioGain probability vs. loss probability | 1.27 | 1.24 | +0.03 |
Calmar ratioReturn relative to maximum drawdown | 2.50 | 2.45 | +0.04 |
Martin ratioReturn relative to average drawdown | 7.91 | 8.11 | -0.20 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| PGTYX | PCONX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.31 | 1.26 | +0.05 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.44 | 0.25 | +0.19 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.90 | 0.80 | +0.10 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.85 | 0.65 | +0.20 |
Correlation
The correlation between PGTYX and PCONX is 0.83, 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.
Dividends
PGTYX vs. PCONX - Dividend Comparison
PGTYX's dividend yield for the trailing twelve months is around 11.26%, more than PCONX's 5.27% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PGTYX Putnam Global Technology Fund | 11.26% | 10.83% | 6.40% | 0.57% | 1.71% | 21.15% | 13.60% | 2.63% | 9.44% | 6.75% | 1.01% | 4.56% |
PCONX Putnam Convertible Securities Fund | 5.27% | 6.10% | 1.48% | 0.99% | 0.72% | 26.98% | 11.62% | 7.72% | 13.92% | 3.48% | 2.08% | 6.22% |
Drawdowns
PGTYX vs. PCONX - Drawdown Comparison
The maximum PGTYX drawdown since its inception was -42.09%, smaller than the maximum PCONX drawdown of -47.70%. Use the drawdown chart below to compare losses from any high point for PGTYX and PCONX.
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Drawdown Indicators
| PGTYX | PCONX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -42.09% | -47.70% | +5.61% |
Max Drawdown (1Y)Largest decline over 1 year | -14.51% | -7.49% | -7.02% |
Max Drawdown (5Y)Largest decline over 5 years | -42.09% | -25.48% | -16.61% |
Max Drawdown (10Y)Largest decline over 10 years | -42.09% | -26.14% | -15.95% |
Current DrawdownCurrent decline from peak | -9.61% | -4.88% | -4.73% |
Average DrawdownAverage peak-to-trough decline | -6.66% | -8.32% | +1.66% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.58% | 2.26% | +2.32% |
Volatility
PGTYX vs. PCONX - Volatility Comparison
Putnam Global Technology Fund (PGTYX) has a higher volatility of 9.40% compared to Putnam Convertible Securities Fund (PCONX) at 6.60%. This indicates that PGTYX's price experiences larger fluctuations and is considered to be riskier than PCONX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PGTYX | PCONX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.40% | 6.60% | +2.80% |
Volatility (6M)Calculated over the trailing 6-month period | 17.20% | 11.49% | +5.71% |
Volatility (1Y)Calculated over the trailing 1-year period | 28.33% | 14.64% | +13.69% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 24.75% | 12.50% | +12.25% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 23.91% | 12.86% | +11.05% |