PMVAX vs. PGTYX
PMVAX (Putnam Sustainable Future Fund) and PGTYX (Putnam Global Technology Fund) are both mutual funds - PMVAX is a Mid Cap Growth Equities fund managed by Putnam, while PGTYX is a Technology Equities fund managed by Putnam. Over the past 10 years, PMVAX returned 8.85%/yr vs 23.63%/yr for PGTYX. Their correlation of 0.82 means they have usually moved in the same direction. PMVAX charges 1.00%/yr vs 0.62%/yr for PGTYX.
Performance
PMVAX vs. PGTYX - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, PMVAX achieves a 1.73% return, which is significantly lower than PGTYX's 24.87% return. Over the past 10 years, PMVAX has underperformed PGTYX with an annualized return of 8.85%, while PGTYX has yielded a comparatively higher 23.63% annualized return.
PMVAX
- 1D
- 2.58%
- 1M
- -4.05%
- 6M
- 4.28%
- YTD
- 1.73%
- 1Y
- 1.86%
- 3Y*
- 9.24%
- 5Y*
- -1.18%
- 10Y*
- 8.85%
- ALL TIME*
- 9.24%
PGTYX
- 1D
- 5.46%
- 1M
- -4.06%
- 6M
- 23.41%
- YTD
- 24.87%
- 1Y
- 39.74%
- 3Y*
- 28.57%
- 5Y*
- 15.58%
- 10Y*
- 23.63%
- ALL TIME*
- 20.24%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $0.00 | $0.00 | $0.00 |
PMVAX vs. PGTYX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
PMVAX Putnam Sustainable Future Fund | 1.73% | 2.64% | 14.87% | 28.60% | -33.93% | 5.99% | 52.93% | 29.77% | -7.08% | 10.61% |
PGTYX Putnam Global Technology Fund | 24.87% | 23.31% | 27.88% | 53.82% | -32.30% | 11.72% | 70.92% | 47.50% | -6.72% | 47.05% |
Correlation
The correlation between PMVAX and PGTYX is 0.74, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.74 |
Correlation (3Y) Balances recent behavior with more history. | 0.77 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.83 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.82 |
Correlation (All Time) Calculated using the full available price history since Dec 19, 2008 | 0.82 |
The correlation between PMVAX and PGTYX has been stable across timeframes, ranging from 0.74 to 0.83 - 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
PMVAX vs. PGTYX — Risk / Return Rank
PMVAX
PGTYX
PMVAX vs. PGTYX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Putnam Sustainable Future Fund (PMVAX) and Putnam Global Technology Fund (PGTYX). 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.
| PMVAX | PGTYX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.36 | ||
| Sortino ratioReturn per unit of downside risk | -1.75 | ||
| Omega ratioGain probability vs. loss probability | 1.01 | 1.24 | -0.23 |
| Calmar ratioReturn relative to maximum drawdown | -0.03 | 2.00 | -2.03 |
| Martin ratioReturn relative to average drawdown | -0.09 | 6.28 | -6.37 |
Loading charts...
Drawdowns
PMVAX vs. PGTYX - Drawdown Comparison
The maximum PMVAX drawdown since its inception was -61.94%, which is greater than PGTYX's maximum drawdown of -42.09%. Use the drawdown chart below to compare losses from any high point for PMVAX and PGTYX.
Loading charts...
Drawdown Indicators
| PMVAX | PGTYX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -61.94% | -42.09% | -19.85% |
Max Drawdown (1Y)Largest decline over 1 year | -14.96% | -17.94% | +2.98% |
Max Drawdown (3Y)Largest decline over 3 years | -27.38% | -28.36% | +0.98% |
Max Drawdown (5Y)Largest decline over 5 years | -44.20% | -42.09% | -2.11% |
Max Drawdown (10Y)Largest decline over 10 years | -44.20% | -42.09% | -2.11% |
Current DrawdownCurrent decline from peak | -9.36% | -13.46% | +4.10% |
Average DrawdownAverage peak-to-trough decline | -10.98% | -6.63% | -4.35% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.33% | 5.70% | -0.37% |
Volatility
PMVAX vs. PGTYX - Volatility Comparison
The current volatility for Putnam Sustainable Future Fund (PMVAX) is 5.64%, while Putnam Global Technology Fund (PGTYX) has a volatility of 10.48%. This indicates that PMVAX experiences smaller price fluctuations and is considered to be less risky than PGTYX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| PMVAX | PGTYX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.64% | 10.48% | -4.84% |
Volatility (6M)Calculated over the trailing 6-month period | 14.31% | 23.11% | -8.80% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.65% | 26.81% | -9.16% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.54% | 25.89% | -4.35% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.50% | 24.53% | -4.03% |
PMVAX vs. PGTYX - Expense Ratio Comparison
PMVAX has a 1.00% expense ratio, which is higher than PGTYX's 0.62% expense ratio.
Dividends
PMVAX vs. PGTYX - Dividend Comparison
PMVAX's dividend yield for the trailing twelve months is around 14.00%, more than PGTYX's 8.67% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PGTYX Putnam Global Technology Fund | 8.67% | 10.83% | 6.40% | 0.57% | 1.71% | 21.15% | 13.60% | 2.63% | 9.44% | 6.75% | 1.01% | 4.56% |
PMVAX Putnam Sustainable Future Fund | 14.00% | 14.24% | 12.53% | 0.00% | 0.00% | 16.32% | 10.06% | 2.67% | 31.09% | 4.49% | 2.25% | 8.33% |
Frequently Asked Questions
PMVAX and PGTYX have a correlation of 0.74, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
PGTYX has higher volatility (10.48%) compared to PMVAX (5.64%). In terms of maximum drawdown, PMVAX dropped -61.94% vs PGTYX's -42.09%.
PGTYX currently has the higher Sharpe Ratio (1.34 vs -0.03), 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 PMVAX and PGTYX
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