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PGTYX vs. QQQ
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Correlation

The correlation between PGTYX and QQQ is 0.85, 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.


Performance

PGTYX vs. QQQ - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Putnam Global Technology Fund (PGTYX) and Invesco QQQ (QQQ). The values are adjusted to include any dividend payments, if applicable.

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Key characteristics

Sharpe Ratio

PGTYX:

0.01

QQQ:

0.45

Sortino Ratio

PGTYX:

0.23

QQQ:

0.81

Omega Ratio

PGTYX:

1.03

QQQ:

1.11

Calmar Ratio

PGTYX:

0.01

QQQ:

0.51

Martin Ratio

PGTYX:

0.03

QQQ:

1.65

Ulcer Index

PGTYX:

11.66%

QQQ:

6.96%

Daily Std Dev

PGTYX:

30.71%

QQQ:

25.14%

Max Drawdown

PGTYX:

-52.31%

QQQ:

-82.98%

Current Drawdown

PGTYX:

-17.06%

QQQ:

-9.42%

Returns By Period

In the year-to-date period, PGTYX achieves a -6.85% return, which is significantly lower than QQQ's -4.41% return. Over the past 10 years, PGTYX has underperformed QQQ with an annualized return of 12.19%, while QQQ has yielded a comparatively higher 17.24% annualized return.


PGTYX

YTD

-6.85%

1M

14.39%

6M

-14.55%

1Y

0.07%

5Y*

7.66%

10Y*

12.19%

QQQ

YTD

-4.41%

1M

9.37%

6M

-4.80%

1Y

11.06%

5Y*

17.35%

10Y*

17.24%

*Annualized

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PGTYX vs. QQQ - Expense Ratio Comparison

PGTYX has a 0.62% expense ratio, which is higher than QQQ's 0.20% expense ratio.


Risk-Adjusted Performance

PGTYX vs. QQQ — Risk-Adjusted Performance Rank

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

PGTYX
The Risk-Adjusted Performance Rank of PGTYX is 2525
Overall Rank
The Sharpe Ratio Rank of PGTYX is 2424
Sharpe Ratio Rank
The Sortino Ratio Rank of PGTYX is 2727
Sortino Ratio Rank
The Omega Ratio Rank of PGTYX is 2727
Omega Ratio Rank
The Calmar Ratio Rank of PGTYX is 2323
Calmar Ratio Rank
The Martin Ratio Rank of PGTYX is 2323
Martin Ratio Rank

QQQ
The Risk-Adjusted Performance Rank of QQQ is 5757
Overall Rank
The Sharpe Ratio Rank of QQQ is 5454
Sharpe Ratio Rank
The Sortino Ratio Rank of QQQ is 5757
Sortino Ratio Rank
The Omega Ratio Rank of QQQ is 5757
Omega Ratio Rank
The Calmar Ratio Rank of QQQ is 6262
Calmar Ratio Rank
The Martin Ratio Rank of QQQ is 5555
Martin Ratio Rank
The risk-adjusted ranks indicate the investment's position relative to the market. A rank closer to 100 signifies top-performing investments, while a rank closer to 0 might suggest underperformance, based on the selected ratio. The values are calculated based on the past 12 months of returns.

PGTYX vs. QQQ - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for Putnam Global Technology Fund (PGTYX) and Invesco QQQ (QQQ). 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.


The current PGTYX Sharpe Ratio is 0.01, which is lower than the QQQ Sharpe Ratio of 0.45. The chart below compares the historical Sharpe Ratios of PGTYX and QQQ, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.


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Dividends

PGTYX vs. QQQ - Dividend Comparison

PGTYX has not paid dividends to shareholders, while QQQ's dividend yield for the trailing twelve months is around 0.61%.


TTM20242023202220212020201920182017201620152014
PGTYX
Putnam Global Technology Fund
0.00%0.00%0.57%1.71%0.00%0.00%0.58%0.49%0.00%0.83%0.00%5.14%
QQQ
Invesco QQQ
0.61%0.56%0.62%0.80%0.43%0.55%0.74%0.91%0.84%1.06%0.99%1.41%

Drawdowns

PGTYX vs. QQQ - Drawdown Comparison

The maximum PGTYX drawdown since its inception was -52.31%, smaller than the maximum QQQ drawdown of -82.98%. Use the drawdown chart below to compare losses from any high point for PGTYX and QQQ. For additional features, visit the drawdowns tool.


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Volatility

PGTYX vs. QQQ - Volatility Comparison

Putnam Global Technology Fund (PGTYX) has a higher volatility of 10.30% compared to Invesco QQQ (QQQ) at 8.24%. This indicates that PGTYX's price experiences larger fluctuations and is considered to be riskier than QQQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.


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