PHYIX vs. PGOYX
Compare and contrast key facts about Putnam High Yield Fund (PHYIX) and Putnam Large Cap Growth Y (PGOYX).
PHYIX is managed by Putnam. It was launched on Mar 25, 1986. PGOYX is managed by Putnam. It was launched on Aug 27, 1999.
Performance
PHYIX vs. PGOYX - Performance Comparison
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PHYIX vs. PGOYX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
PHYIX Putnam High Yield Fund | -0.70% | 8.57% | 7.87% | 11.95% | -11.85% | 8.32% | 5.50% | 14.02% | -3.75% | 6.76% |
PGOYX Putnam Large Cap Growth Y | -9.67% | 14.56% | 33.58% | 44.57% | -30.25% | 22.95% | 38.79% | 36.76% | 2.58% | 31.29% |
Returns By Period
In the year-to-date period, PHYIX achieves a -0.70% return, which is significantly higher than PGOYX's -9.67% return. Over the past 10 years, PHYIX has underperformed PGOYX with an annualized return of 5.56%, while PGOYX has yielded a comparatively higher 16.81% annualized return.
PHYIX
- 1D
- 0.57%
- 1M
- -1.67%
- YTD
- -0.70%
- 6M
- 0.64%
- 1Y
- 6.95%
- 3Y*
- 8.03%
- 5Y*
- 4.26%
- 10Y*
- 5.56%
PGOYX
- 1D
- 3.70%
- 1M
- -5.89%
- YTD
- -9.67%
- 6M
- -9.44%
- 1Y
- 14.92%
- 3Y*
- 20.52%
- 5Y*
- 11.05%
- 10Y*
- 16.81%
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PHYIX vs. PGOYX - Expense Ratio Comparison
PHYIX has a 1.01% expense ratio, which is higher than PGOYX's 0.65% expense ratio.
Return for Risk
PHYIX vs. PGOYX — Risk / Return Rank
PHYIX
PGOYX
PHYIX vs. PGOYX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Putnam High Yield Fund (PHYIX) and Putnam Large Cap Growth Y (PGOYX). 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.
| PHYIX | PGOYX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.92 | 0.71 | +1.21 |
Sortino ratioReturn per unit of downside risk | 2.57 | 1.18 | +1.38 |
Omega ratioGain probability vs. loss probability | 1.50 | 1.17 | +0.33 |
Calmar ratioReturn relative to maximum drawdown | 2.22 | 0.98 | +1.24 |
Martin ratioReturn relative to average drawdown | 10.02 | 3.34 | +6.67 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| PHYIX | PGOYX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.92 | 0.71 | +1.21 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.86 | 0.51 | +0.34 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 1.06 | 0.80 | +0.26 |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.25 | 0.32 | +0.93 |
Correlation
The correlation between PHYIX and PGOYX is 0.32, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Dividends
PHYIX vs. PGOYX - Dividend Comparison
PHYIX's dividend yield for the trailing twelve months is around 5.65%, less than PGOYX's 5.79% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PHYIX Putnam High Yield Fund | 5.65% | 5.92% | 7.84% | 5.46% | 5.04% | 7.41% | 4.56% | 4.89% | 5.30% | 5.16% | 5.54% | 5.53% |
PGOYX Putnam Large Cap Growth Y | 5.79% | 5.23% | 4.25% | 0.46% | 7.30% | 8.55% | 3.12% | 3.65% | 7.92% | 2.05% | 0.02% | 5.78% |
Drawdowns
PHYIX vs. PGOYX - Drawdown Comparison
The maximum PHYIX drawdown since its inception was -31.29%, smaller than the maximum PGOYX drawdown of -76.03%. Use the drawdown chart below to compare losses from any high point for PHYIX and PGOYX.
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Drawdown Indicators
| PHYIX | PGOYX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -31.29% | -76.03% | +44.74% |
Max Drawdown (1Y)Largest decline over 1 year | -3.23% | -16.34% | +13.11% |
Max Drawdown (5Y)Largest decline over 5 years | -15.22% | -34.01% | +18.79% |
Max Drawdown (10Y)Largest decline over 10 years | -21.00% | -34.01% | +13.01% |
Current DrawdownCurrent decline from peak | -2.08% | -13.24% | +11.16% |
Average DrawdownAverage peak-to-trough decline | -4.80% | -31.72% | +26.92% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.71% | 4.78% | -4.07% |
Volatility
PHYIX vs. PGOYX - Volatility Comparison
The current volatility for Putnam High Yield Fund (PHYIX) is 1.71%, while Putnam Large Cap Growth Y (PGOYX) has a volatility of 6.88%. This indicates that PHYIX experiences smaller price fluctuations and is considered to be less risky than PGOYX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PHYIX | PGOYX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.71% | 6.88% | -5.17% |
Volatility (6M)Calculated over the trailing 6-month period | 2.28% | 12.72% | -10.44% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.74% | 22.41% | -18.67% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.00% | 21.68% | -16.68% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.26% | 21.15% | -15.89% |