PHSTX vs. HGHYX
PHSTX (Putnam Global Health Care Fund) and HGHYX (The Hartford Healthcare Fund) are both Health & Biotech Equities funds. Over the past 10 years, PHSTX returned 9.17%/yr vs 9.22%/yr for HGHYX. Their correlation of 0.92 suggests significant overlap in exposure. PHSTX charges 1.05%/yr vs 1.00%/yr for HGHYX.
Performance
PHSTX vs. HGHYX - Performance Comparison
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Returns By Period
In the year-to-date period, PHSTX achieves a 2.92% return, which is significantly lower than HGHYX's 4.50% return. Both investments have delivered pretty close results over the past 10 years, with PHSTX having a 9.17% annualized return and HGHYX not far ahead at 9.22%.
PHSTX
- 1D
- -1.41%
- 1M
- 3.39%
- 6M
- 0.90%
- YTD
- 2.92%
- 1Y
- 21.59%
- 3Y*
- 9.01%
- 5Y*
- 6.59%
- 10Y*
- 9.17%
HGHYX
- 1D
- -1.62%
- 1M
- 4.82%
- 6M
- 2.29%
- YTD
- 4.50%
- 1Y
- 29.88%
- 3Y*
- 7.80%
- 5Y*
- 2.75%
- 10Y*
- 9.22%
PHSTX vs. HGHYX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
PHSTX Putnam Global Health Care Fund | 2.92% | 15.20% | 1.35% | 9.11% | -4.88% | 19.60% | 15.94% | 30.26% | -0.76% | 15.30% |
HGHYX The Hartford Healthcare Fund | 4.50% | 15.95% | 0.23% | 4.04% | -11.48% | 10.24% | 23.07% | 41.54% | -2.81% | 22.09% |
Correlation
The correlation between PHSTX and HGHYX is 0.95 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.95 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.92 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.92 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.92 |
Correlation (All Time) Calculated using the full available price history since Apr 28, 2000 | 0.92 |
The correlation between PHSTX and HGHYX has been stable across timeframes, ranging from 0.92 to 0.95 - a consistent structural relationship.
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Return for Risk
PHSTX vs. HGHYX — Risk / Return Rank
PHSTX
HGHYX
PHSTX vs. HGHYX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Putnam Global Health Care Fund (PHSTX) and The Hartford Healthcare Fund (HGHYX). 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.
| PHSTX | HGHYX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.41 | ||
| Sortino ratioReturn per unit of downside risk | -0.53 | ||
| Omega ratioGain probability vs. loss probability | 1.23 | 1.30 | -0.07 |
| Calmar ratioReturn relative to maximum drawdown | 2.03 | 2.52 | -0.49 |
| Martin ratioReturn relative to average drawdown | 4.96 | 6.81 | -1.85 |
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Drawdowns
PHSTX vs. HGHYX - Drawdown Comparison
The maximum PHSTX drawdown since its inception was -45.51%, which is greater than HGHYX's maximum drawdown of -42.58%. Use the drawdown chart below to compare losses from any high point for PHSTX and HGHYX.
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Drawdown Indicators
| PHSTX | HGHYX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -45.51% | -42.58% | -2.93% |
Max Drawdown (1Y)Largest decline over 1 year | -9.71% | -10.82% | +1.11% |
Max Drawdown (3Y)Largest decline over 3 years | -20.71% | -22.60% | +1.89% |
Max Drawdown (5Y)Largest decline over 5 years | -20.71% | -25.42% | +4.71% |
Max Drawdown (10Y)Largest decline over 10 years | -25.51% | -28.51% | +3.00% |
Current DrawdownCurrent decline from peak | -4.32% | -4.41% | +0.09% |
Average DrawdownAverage peak-to-trough decline | -9.91% | -7.62% | -2.29% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.97% | 4.00% | -0.03% |
Volatility
PHSTX vs. HGHYX - Volatility Comparison
Putnam Global Health Care Fund (PHSTX) has a higher volatility of 5.84% compared to The Hartford Healthcare Fund (HGHYX) at 5.55%. This indicates that PHSTX's price experiences larger fluctuations and is considered to be riskier than HGHYX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PHSTX | HGHYX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.84% | 5.55% | +0.29% |
Volatility (6M)Calculated over the trailing 6-month period | 11.41% | 11.89% | -0.48% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.26% | 15.96% | -0.70% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.67% | 16.05% | -1.38% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.78% | 17.75% | -1.97% |
PHSTX vs. HGHYX - Expense Ratio Comparison
PHSTX has a 1.05% expense ratio, which is higher than HGHYX's 1.00% expense ratio.
Dividends
PHSTX vs. HGHYX - Dividend Comparison
PHSTX's dividend yield for the trailing twelve months is around 1.74%, less than HGHYX's 2.76% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
HGHYX The Hartford Healthcare Fund | 2.76% | 2.88% | 4.74% | 0.00% | 0.83% | 8.86% | 10.56% | 10.72% | 7.15% | 4.67% | 9.23% | 13.39% |
PHSTX Putnam Global Health Care Fund | 1.74% | 1.79% | 4.92% | 5.62% | 7.82% | 11.98% | 9.58% | 5.72% | 6.82% | 17.31% | 10.65% | 13.06% |
Frequently Asked Questions
With a correlation of 0.95, PHSTX and HGHYX move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
PHSTX has higher volatility (5.84%) compared to HGHYX (5.55%). In terms of maximum drawdown, PHSTX dropped -45.51% vs HGHYX's -42.58%.
HGHYX currently has the higher Sharpe Ratio (1.71 vs 1.29), 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.
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