PGTYX vs. SMH
Compare and contrast key facts about Putnam Global Technology Fund (PGTYX) and VanEck Vectors Semiconductor ETF (SMH).
PGTYX is managed by Putnam. It was launched on Dec 17, 2008. SMH is a passively managed fund by VanEck that tracks the performance of the MVIS US Listed Semiconductor 25 Index. It was launched on Dec 20, 2011.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: PGTYX or SMH.
Performance
PGTYX vs. SMH - Performance Comparison
Returns By Period
In the year-to-date period, PGTYX achieves a 30.20% return, which is significantly lower than SMH's 40.73% return. Over the past 10 years, PGTYX has underperformed SMH with an annualized return of 14.12%, while SMH has yielded a comparatively higher 28.10% annualized return.
PGTYX
30.20%
-0.81%
11.71%
34.71%
14.27%
14.12%
SMH
40.73%
-2.22%
2.62%
52.72%
33.43%
28.10%
Key characteristics
| PGTYX | SMH | |
|---|---|---|
| Sharpe Ratio | 1.68 | 1.52 |
| Sortino Ratio | 2.24 | 2.03 |
| Omega Ratio | 1.30 | 1.27 |
| Calmar Ratio | 1.51 | 2.11 |
| Martin Ratio | 7.01 | 5.65 |
| Ulcer Index | 5.06% | 9.27% |
| Daily Std Dev | 21.08% | 34.43% |
| Max Drawdown | -52.31% | -95.73% |
| Current Drawdown | -2.45% | -12.50% |
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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.
Correlation
The correlation between PGTYX and SMH is 0.80, 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. 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.
Dividends
PGTYX vs. SMH - Dividend Comparison
PGTYX's dividend yield for the trailing twelve months is around 0.44%, more than SMH's 0.42% 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% |
SMH VanEck Vectors Semiconductor ETF | 0.42% | 0.60% | 2.37% | 1.02% | 1.38% | 6.00% | 3.75% | 2.85% | 1.61% | 4.28% | 2.31% | 3.11% |
Drawdowns
PGTYX vs. SMH - Drawdown Comparison
The maximum PGTYX drawdown since its inception was -52.31%, smaller than the maximum SMH drawdown of -95.73%. Use the drawdown chart below to compare losses from any high point for PGTYX and SMH. For additional features, visit the drawdowns tool.
Volatility
PGTYX vs. SMH - Volatility Comparison
The current volatility for Putnam Global Technology Fund (PGTYX) is 5.86%, while VanEck Vectors Semiconductor ETF (SMH) has a volatility of 8.43%. 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.