PGTYX vs. POVSX
PGTYX (Putnam Global Technology Fund) and POVSX (Putnam International Equity Fund) are both mutual funds - PGTYX is a Technology Equities fund managed by Putnam, while POVSX is a Foreign Large Cap Equities fund managed by Putnam. Over the past 10 years, PGTYX returned 23.63%/yr vs 9.79%/yr for POVSX. Their 0.72 correlation means they have sometimes moved together and sometimes differently. PGTYX charges 0.62%/yr vs 1.25%/yr for POVSX.
Performance
PGTYX vs. POVSX - Performance Comparison
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Returns By Period
In the year-to-date period, PGTYX achieves a 24.87% return, which is significantly higher than POVSX's 12.71% return. Over the past 10 years, PGTYX has outperformed POVSX with an annualized return of 23.63%, while POVSX has yielded a comparatively lower 9.79% 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%
POVSX
- 1D
- 2.28%
- 1M
- 0.41%
- 6M
- 5.44%
- YTD
- 12.71%
- 1Y
- 27.58%
- 3Y*
- 18.11%
- 5Y*
- 10.06%
- 10Y*
- 9.79%
- ALL TIME*
- 7.71%
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. POVSX - 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% |
POVSX Putnam International Equity Fund | 12.71% | 37.27% | 3.57% | 18.65% | -14.84% | 8.95% | 11.78% | 25.50% | -19.46% | 26.47% |
Correlation
The correlation between PGTYX and POVSX is 0.66, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.66 |
Correlation (3Y) Balances recent behavior with more history. | 0.62 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.68 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.69 |
Correlation (All Time) Calculated using the full available price history since Dec 19, 2008 | 0.72 |
The correlation between PGTYX and POVSX shifts across timeframes, from 0.62 (3 years) to 0.72 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
PGTYX vs. POVSX — Risk / Return Rank
PGTYX
POVSX
PGTYX vs. POVSX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Putnam Global Technology Fund (PGTYX) and Putnam International Equity Fund (POVSX). 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 | POVSX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.23 | ||
| Sortino ratioReturn per unit of downside risk | -0.36 | ||
| Omega ratioGain probability vs. loss probability | 1.24 | 1.28 | -0.04 |
| Calmar ratioReturn relative to maximum drawdown | 2.00 | 2.13 | -0.13 |
| Martin ratioReturn relative to average drawdown | 6.28 | 7.93 | -1.65 |
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Drawdowns
PGTYX vs. POVSX - Drawdown Comparison
The maximum PGTYX drawdown since its inception was -42.09%, smaller than the maximum POVSX drawdown of -62.97%. Use the drawdown chart below to compare losses from any high point for PGTYX and POVSX.
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Drawdown Indicators
| PGTYX | POVSX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -42.09% | -62.97% | +20.88% |
Max Drawdown (1Y)Largest decline over 1 year | -17.94% | -12.20% | -5.74% |
Max Drawdown (3Y)Largest decline over 3 years | -28.36% | -13.36% | -15.00% |
Max Drawdown (5Y)Largest decline over 5 years | -42.09% | -31.24% | -10.85% |
Max Drawdown (10Y)Largest decline over 10 years | -42.09% | -36.58% | -5.51% |
Current DrawdownCurrent decline from peak | -13.46% | -0.72% | -12.74% |
Average DrawdownAverage peak-to-trough decline | -6.63% | -14.34% | +7.71% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.70% | 3.27% | +2.43% |
Volatility
PGTYX vs. POVSX - Volatility Comparison
Putnam Global Technology Fund (PGTYX) has a higher volatility of 10.48% compared to Putnam International Equity Fund (POVSX) at 4.64%. This indicates that PGTYX's price experiences larger fluctuations and is considered to be riskier than POVSX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PGTYX | POVSX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.48% | 4.64% | +5.84% |
Volatility (6M)Calculated over the trailing 6-month period | 23.11% | 13.96% | +9.15% |
Volatility (1Y)Calculated over the trailing 1-year period | 26.81% | 16.61% | +10.20% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 25.89% | 16.50% | +9.39% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 24.53% | 16.64% | +7.89% |
PGTYX vs. POVSX - Expense Ratio Comparison
PGTYX has a 0.62% expense ratio, which is lower than POVSX's 1.25% expense ratio.
Dividends
PGTYX vs. POVSX - Dividend Comparison
PGTYX's dividend yield for the trailing twelve months is around 8.67%, less than POVSX's 9.40% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
POVSX Putnam International Equity Fund | 9.40% | 10.60% | 5.33% | 1.88% | 0.00% | 14.17% | 2.56% | 1.58% | 6.42% | 0.32% | 3.09% | 2.70% |
Frequently Asked Questions
PGTYX and POVSX have a correlation of 0.66, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
PGTYX has higher volatility (10.48%) compared to POVSX (4.64%). In terms of maximum drawdown, PGTYX dropped -42.09% vs POVSX's -62.97%.
POVSX currently has the higher Sharpe Ratio (1.57 vs 1.34), 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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