PGTYX vs. QQQ
Compare and contrast key facts about Putnam Global Technology Fund (PGTYX) and Invesco QQQ (QQQ).
PGTYX is managed by Putnam. It was launched on Dec 17, 2008. QQQ is a passively managed fund by Invesco that tracks the performance of the NASDAQ-100 Index. It was launched on Mar 10, 1999.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: PGTYX or QQQ.
Performance
PGTYX vs. QQQ - Performance Comparison
Returns By Period
In the year-to-date period, PGTYX achieves a 30.20% return, which is significantly higher than QQQ's 23.84% return. Over the past 10 years, PGTYX has underperformed QQQ with an annualized return of 14.12%, while QQQ has yielded a comparatively higher 18.03% annualized return.
PGTYX
30.20%
-0.81%
11.71%
34.71%
14.27%
14.12%
QQQ
23.84%
1.82%
11.65%
30.35%
20.97%
18.03%
Key characteristics
| PGTYX | QQQ | |
|---|---|---|
| Sharpe Ratio | 1.68 | 1.78 |
| Sortino Ratio | 2.24 | 2.37 |
| Omega Ratio | 1.30 | 1.32 |
| Calmar Ratio | 1.51 | 2.28 |
| Martin Ratio | 7.01 | 8.27 |
| Ulcer Index | 5.06% | 3.73% |
| Daily Std Dev | 21.08% | 17.37% |
| Max Drawdown | -52.31% | -82.98% |
| Current Drawdown | -2.45% | -1.78% |
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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.
Correlation
The correlation between PGTYX and QQQ is 0.92, 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.
Risk-Adjusted Performance
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.
Dividends
PGTYX vs. QQQ - Dividend Comparison
PGTYX's dividend yield for the trailing twelve months is around 0.44%, less than QQQ's 0.60% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PGTYX Putnam Global Technology Fund | 0.44% | 0.57% | 1.71% | 0.00% | 0.00% | 0.58% | 0.49% | 0.00% | 0.83% | 0.00% | 5.14% | 0.00% |
QQQ Invesco QQQ | 0.60% | 0.62% | 0.80% | 0.43% | 0.55% | 0.74% | 0.91% | 0.84% | 1.06% | 0.99% | 1.41% | 1.02% |
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.
Volatility
PGTYX vs. QQQ - Volatility Comparison
Putnam Global Technology Fund (PGTYX) has a higher volatility of 5.86% compared to Invesco QQQ (QQQ) at 5.41%. 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.