PGTYX vs. SCMIX

Last updated Jul 14, 2026

PGTYX (Putnam Global Technology Fund) and SCMIX (Columbia Seligman Technology and Information Fund Institutional 2 Class) are both Technology Equities funds. Over the past 10 years, PGTYX returned 24.90%/yr vs 27.75%/yr for SCMIX. Their correlation of 0.88 suggests significant overlap in exposure. PGTYX charges 0.62%/yr vs 0.89%/yr for SCMIX.

Performance

PGTYX vs. SCMIX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Putnam Global Technology Fund (PGTYX) and Columbia Seligman Technology and Information Fund Institutional 2 Class (SCMIX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, PGTYX achieves a 33.39% return, which is significantly lower than SCMIX's 53.05% return. Over the past 10 years, PGTYX has underperformed SCMIX with an annualized return of 24.90%, while SCMIX has yielded a comparatively higher 27.75% annualized return.

PGTYX

• 1D: 0.47%
• 1M: 0.08%
• 6M: 29.71%
• YTD: 33.39%
• 1Y: 49.70%
• 3Y*: 32.65%
• 5Y*: 16.88%
• 10Y*: 24.90%

SCMIX

• 1D: -0.47%
• 1M: 1.66%
• 6M: 39.67%
• YTD: 53.05%
• 1Y: 98.80%
• 3Y*: 43.63%
• 5Y*: 25.02%
• 10Y*: 27.75%

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

PGTYX vs. SCMIX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
PGTYX Putnam Global Technology Fund	33.39%	23.31%	27.88%	53.82%	-32.30%	11.72%	70.92%	47.50%	-6.72%	47.05%
SCMIX Columbia Seligman Technology and Information Fund Institutional 2 Class	53.05%	37.73%	27.06%	44.68%	-30.96%	39.37%	44.85%	54.60%	-7.81%	34.46%

Correlation

The correlation between PGTYX and SCMIX is 0.84, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.84
Correlation (3Y) Calculated over the trailing 3-year period	0.87
Correlation (5Y) Calculated over the trailing 5-year period	0.90
Correlation (10Y) Calculated over the trailing 10-year period	0.87
Correlation (All Time) Calculated using the full available price history since Dec 19, 2008	0.88

The correlation between PGTYX and SCMIX has been stable across timeframes, ranging from 0.84 to 0.90 - a consistent structural relationship.

Return for Risk

PGTYX vs. SCMIX — Risk / Return Rank

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

PGTYX

PGTYX Risk / Return Rank: 72
PGTYX Sharpe Ratio Rank: 75
PGTYX Sortino Ratio Rank: 61
PGTYX Omega Ratio Rank: 65
PGTYX Calmar Ratio Rank: 90
PGTYX Martin Ratio Rank: 67

SCMIX

SCMIX Risk / Return Rank: 95
SCMIX Sharpe Ratio Rank: 99
SCMIX Sortino Ratio Rank: 92
SCMIX Omega Ratio Rank: 88
SCMIX Calmar Ratio Rank: 98
SCMIX Martin Ratio Rank: 98

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. SCMIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Putnam Global Technology Fund (PGTYX) and Columbia Seligman Technology and Information Fund Institutional 2 Class (SCMIX). 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	SCMIX	Difference
Sharpe ratio: Return per unit of total volatility	1.95	3.48	-1.53
Sortino ratio: Return per unit of downside risk	2.46	3.84	-1.38
Omega ratio: Gain probability vs. loss probability	1.33	1.51	-0.18
Calmar ratio: Return relative to maximum drawdown	3.63	8.05	-4.42
Martin ratio: Return relative to average drawdown	9.99	28.63	-18.64

PGTYX vs. SCMIX - Sharpe Ratio Comparison

The current PGTYX Sharpe Ratio is 1.95, which is lower than the SCMIX Sharpe Ratio of 3.48. The chart below compares the historical Sharpe Ratios of PGTYX and SCMIX, 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. SCMIX - Drawdown Comparison

The maximum PGTYX drawdown since its inception was -42.09%, smaller than the maximum SCMIX drawdown of -50.85%. Use the drawdown chart below to compare losses from any high point for PGTYX and SCMIX.

Drawdown Indicators

	PGTYX	SCMIX	Difference
Max Drawdown Largest peak-to-trough decline	-42.09%	-50.85%	+8.76%
Max Drawdown (1Y) Largest decline over 1 year	-13.58%	-12.32%	-1.26%
Max Drawdown (3Y) Largest decline over 3 years	-28.36%	-29.08%	+0.72%
Max Drawdown (5Y) Largest decline over 5 years	-42.09%	-37.18%	-4.91%
Max Drawdown (10Y) Largest decline over 10 years	-42.09%	-37.18%	-4.91%
Current Drawdown Current decline from peak	-7.56%	-4.00%	-3.56%
Average Drawdown Average peak-to-trough decline	-6.61%	-9.39%	+2.78%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.92%	3.44%	+1.48%

Volatility

PGTYX vs. SCMIX - Volatility Comparison

The current volatility for Putnam Global Technology Fund (PGTYX) is 10.83%, while Columbia Seligman Technology and Information Fund Institutional 2 Class (SCMIX) has a volatility of 12.46%. This indicates that PGTYX experiences smaller price fluctuations and is considered to be less risky than SCMIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	PGTYX	SCMIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	10.83%	12.46%	-1.63%
Volatility (6M) Calculated over the trailing 6-month period	21.67%	22.37%	-0.70%
Volatility (1Y) Calculated over the trailing 1-year period	25.27%	28.54%	-3.27%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	25.59%	26.73%	-1.14%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	24.37%	26.27%	-1.90%

PGTYX vs. SCMIX - Expense Ratio Comparison

PGTYX has a 0.62% expense ratio, which is lower than SCMIX's 0.89% expense ratio.

Dividends

PGTYX vs. SCMIX - Dividend Comparison

PGTYX's dividend yield for the trailing twelve months is around 8.12%, more than SCMIX's 5.18% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
PGTYX Putnam Global Technology Fund	8.12%	10.83%	6.40%	0.57%	1.71%	21.15%	13.60%	2.63%	9.44%	6.75%	1.01%	4.56%
SCMIX Columbia Seligman Technology and Information Fund Institutional 2 Class	5.18%	7.93%	12.11%	4.52%	8.08%	10.45%	9.38%	10.47%	11.30%	10.48%	7.88%	10.40%

Frequently Asked Questions

Can I hold both PGTYX and SCMIX in my portfolio?

PGTYX and SCMIX have a correlation of 0.84, 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 SCMIX?

SCMIX has higher volatility (12.46%) compared to PGTYX (10.83%). In terms of maximum drawdown, PGTYX dropped -42.09% vs SCMIX's -50.85%.

Which has better risk-adjusted returns?

SCMIX currently has the higher Sharpe Ratio (3.48 vs 1.95), 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.