PHSTX vs. PGHAX
PHSTX (Putnam Global Health Care Fund) and PGHAX (Putnam Global Health Care Fund) are both Health & Biotech Equities funds from Putnam. Over the past 5 years, PHSTX returned 6.03%/yr vs 6.41%/yr for PGHAX. With a 1.00 correlation, they move nearly in lockstep. PHSTX charges 1.05%/yr vs 0.72%/yr for PGHAX.
Performance
PHSTX vs. PGHAX - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, PHSTX achieves a -1.27% return, which is significantly lower than PGHAX's -1.12% return.
PHSTX
- 1D
- 1.19%
- 1M
- -0.29%
- YTD
- -1.27%
- 6M
- -1.66%
- 1Y
- 16.67%
- 3Y*
- 7.21%
- 5Y*
- 6.03%
- 10Y*
- 9.57%
PGHAX
- 1D
- 1.18%
- 1M
- -0.26%
- YTD
- -1.12%
- 6M
- -1.50%
- 1Y
- 17.05%
- 3Y*
- 7.58%
- 5Y*
- 6.41%
- 10Y*
- —
PHSTX vs. PGHAX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
PHSTX Putnam Global Health Care Fund | -1.27% | 15.20% | 1.35% | 9.11% | -4.88% | 19.60% | 12.64% |
PGHAX Putnam Global Health Care Fund | -1.12% | 15.58% | 1.69% | 9.48% | -4.39% | 19.99% | 13.35% |
Correlation
The correlation between PHSTX and PGHAX is 1.00 - 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 | 1.00 |
Correlation (3Y) Calculated over the trailing 3-year period | 1.00 |
Correlation (5Y) Calculated over the trailing 5-year period | 1.00 |
Correlation (All Time) Calculated using the full available price history since Jun 1, 2020 | 1.00 |
The correlation between PHSTX and PGHAX has been stable across timeframes, ranging from 1.00 to 1.00 - a consistent structural relationship.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
PHSTX vs. PGHAX — Risk / Return Rank
PHSTX
PGHAX
PHSTX vs. PGHAX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Putnam Global Health Care Fund (PHSTX) and Putnam Global Health Care Fund (PGHAX). 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 | PGHAX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.03 | ||
| Sortino ratioReturn per unit of downside risk | -0.04 | ||
| Omega ratioGain probability vs. loss probability | 1.21 | 1.21 | 0.00 |
| Calmar ratioReturn relative to maximum drawdown | 1.76 | 1.81 | -0.05 |
| Martin ratioReturn relative to average drawdown | 4.33 | 4.47 | -0.13 |
Loading charts...
Drawdowns
PHSTX vs. PGHAX - Drawdown Comparison
The maximum PHSTX drawdown since its inception was -45.51%, which is greater than PGHAX's maximum drawdown of -20.52%. Use the drawdown chart below to compare losses from any high point for PHSTX and PGHAX.
Loading charts...
Drawdown Indicators
| PHSTX | PGHAX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -45.51% | -20.52% | -24.99% |
Max Drawdown (1Y)Largest decline over 1 year | -9.71% | -9.68% | -0.03% |
Max Drawdown (3Y)Largest decline over 3 years | -20.71% | -20.52% | -0.19% |
Max Drawdown (5Y)Largest decline over 5 years | -20.71% | -20.52% | -0.19% |
Max Drawdown (10Y)Largest decline over 10 years | -25.51% | — | — |
Current DrawdownCurrent decline from peak | -5.35% | -5.25% | -0.10% |
Average DrawdownAverage peak-to-trough decline | -9.92% | -5.64% | -4.28% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.94% | 3.92% | +0.02% |
Volatility
PHSTX vs. PGHAX - Volatility Comparison
Putnam Global Health Care Fund (PHSTX) and Putnam Global Health Care Fund (PGHAX) have volatilities of 5.08% and 5.08%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| PHSTX | PGHAX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.08% | 5.08% | 0.00% |
Volatility (6M)Calculated over the trailing 6-month period | 10.45% | 10.45% | 0.00% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.50% | 14.51% | -0.01% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.49% | 14.45% | +0.04% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.81% | 14.43% | +1.38% |
PHSTX vs. PGHAX - Expense Ratio Comparison
PHSTX has a 1.05% expense ratio, which is higher than PGHAX's 0.72% expense ratio.
Dividends
PHSTX vs. PGHAX - Dividend Comparison
PHSTX's dividend yield for the trailing twelve months is around 1.81%, less than PGHAX's 1.88% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PGHAX Putnam Global Health Care Fund | 1.88% | 1.86% | 4.71% | 5.33% | 7.48% | 11.17% | 8.93% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
PHSTX Putnam Global Health Care Fund | 1.81% | 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 1.00, PHSTX and PGHAX 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.
PGHAX has higher volatility (5.08%) compared to PHSTX (5.08%). In terms of maximum drawdown, PHSTX dropped -45.51% vs PGHAX's -20.52%.
PGHAX currently has the higher Sharpe Ratio (1.21 vs 1.18), 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.
Find the right allocation for PHSTX and PGHAX
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer