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

Correlation

The correlation between PGTYX and SMH is 0.77, 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. SMH - Performance Comparison

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

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Key characteristics

Sharpe Ratio

PGTYX:

0.01

SMH:

0.05

Sortino Ratio

PGTYX:

0.23

SMH:

0.35

Omega Ratio

PGTYX:

1.03

SMH:

1.05

Calmar Ratio

PGTYX:

0.01

SMH:

0.05

Martin Ratio

PGTYX:

0.03

SMH:

0.11

Ulcer Index

PGTYX:

11.66%

SMH:

15.21%

Daily Std Dev

PGTYX:

30.71%

SMH:

42.82%

Max Drawdown

PGTYX:

-52.31%

SMH:

-83.29%

Current Drawdown

PGTYX:

-17.06%

SMH:

-20.22%

Returns By Period

In the year-to-date period, PGTYX achieves a -6.85% return, which is significantly higher than SMH's -7.75% return. Over the past 10 years, PGTYX has underperformed SMH with an annualized return of 12.19%, while SMH has yielded a comparatively higher 24.45% annualized return.


PGTYX

YTD

-6.85%

1M

14.39%

6M

-14.55%

1Y

0.07%

5Y*

7.66%

10Y*

12.19%

SMH

YTD

-7.75%

1M

13.86%

6M

-13.48%

1Y

0.49%

5Y*

27.69%

10Y*

24.45%

*Annualized

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PGTYX vs. SMH - Expense Ratio Comparison

PGTYX has a 0.62% expense ratio, which is higher than SMH's 0.35% expense ratio.


Risk-Adjusted Performance

PGTYX vs. SMH — 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

SMH
The Risk-Adjusted Performance Rank of SMH is 2424
Overall Rank
The Sharpe Ratio Rank of SMH is 2121
Sharpe Ratio Rank
The Sortino Ratio Rank of SMH is 2929
Sortino Ratio Rank
The Omega Ratio Rank of SMH is 2828
Omega Ratio Rank
The Calmar Ratio Rank of SMH is 2222
Calmar Ratio Rank
The Martin Ratio Rank of SMH is 2121
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. SMH - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for Putnam Global Technology Fund (PGTYX) and VanEck Vectors Semiconductor ETF (SMH). 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 SMH Sharpe Ratio of 0.05. The chart below compares the historical Sharpe Ratios of PGTYX and SMH, 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. SMH - Dividend Comparison

PGTYX has not paid dividends to shareholders, while SMH's dividend yield for the trailing twelve months is around 0.48%.


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%
SMH
VanEck Vectors Semiconductor ETF
0.48%0.44%0.60%1.18%0.51%0.69%1.50%1.88%1.43%0.80%2.14%1.16%

Drawdowns

PGTYX vs. SMH - Drawdown Comparison

The maximum PGTYX drawdown since its inception was -52.31%, smaller than the maximum SMH drawdown of -83.29%. Use the drawdown chart below to compare losses from any high point for PGTYX and SMH. For additional features, visit the drawdowns tool.


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Volatility

PGTYX vs. SMH - Volatility Comparison

The current volatility for Putnam Global Technology Fund (PGTYX) is 10.30%, while VanEck Vectors Semiconductor ETF (SMH) has a volatility of 12.29%. This indicates that PGTYX experiences smaller price fluctuations and is considered to be less risky than SMH based on this measure. The chart below showcases a comparison of their rolling one-month volatility.


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