PMVAX vs. POAGX

Last updated Aug 1, 2026

PMVAX (Putnam Sustainable Future Fund) and POAGX (PRIMECAP Odyssey Aggressive Growth Fund) are both Mid Cap Growth Equities funds. Over the past 10 years, PMVAX returned 8.85%/yr vs 14.55%/yr for POAGX. Their correlation of 0.87 means they have usually moved in the same direction. PMVAX charges 1.00%/yr vs 0.66%/yr for POAGX.

Performance

PMVAX vs. POAGX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Putnam Sustainable Future Fund (PMVAX) and PRIMECAP Odyssey Aggressive Growth Fund (POAGX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, PMVAX achieves a 1.73% return, which is significantly lower than POAGX's 20.34% return. Over the past 10 years, PMVAX has underperformed POAGX with an annualized return of 8.85%, while POAGX has yielded a comparatively higher 14.55% 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%

POAGX

• 1D: 4.55%
• 1M: -3.72%
• 6M: 14.92%
• YTD: 20.34%
• 1Y: 47.84%
• 3Y*: 21.71%
• 5Y*: 9.39%
• 10Y*: 14.55%
• ALL TIME*: 14.07%

*Multi-year figures are annualized to reflect compound growth (CAGR)

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
PMVAX Putnam Sustainable Future Fund	$0.00	$0.00	$0.00
POAGX PRIMECAP Odyssey Aggressive Growth Fund	$0.00	$0.00	$0.00

PMVAX vs. POAGX - 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%
POAGX PRIMECAP Odyssey Aggressive Growth Fund	20.34%	28.68%	12.56%	25.02%	-24.25%	4.02%	29.17%	23.52%	-7.10%	33.60%

Correlation

The correlation between PMVAX and POAGX is 0.84, meaning they have usually moved in the same direction, including during past declines.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.84
Correlation (3Y) Balances recent behavior with more history.	0.86
Correlation (5Y) Shows whether the relationship held over a longer period.	0.89
Correlation (10Y) Provides a long-term view across more market conditions.	0.87
Correlation (All Time) Calculated using the full available price history since Nov 2, 2004	0.87

The correlation between PMVAX and POAGX has been stable across timeframes, ranging from 0.84 to 0.89 - a consistent structural relationship.

Return for Risk

PMVAX vs. POAGX — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

PMVAX

PMVAX Risk / Return Rank: 4
PMVAX Sharpe Ratio Rank: 4
PMVAX Sortino Ratio Rank: 4
PMVAX Omega Ratio Rank: 4
PMVAX Calmar Ratio Rank: 4
PMVAX Martin Ratio Rank: 4

POAGX

POAGX Risk / Return Rank: 78
POAGX Sharpe Ratio Rank: 79
POAGX Sortino Ratio Rank: 76
POAGX Omega Ratio Rank: 74
POAGX Calmar Ratio Rank: 81
POAGX Martin Ratio Rank: 80

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

PMVAX vs. POAGX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Putnam Sustainable Future Fund (PMVAX) and PRIMECAP Odyssey Aggressive Growth Fund (POAGX). 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	POAGX	Difference
Sharpe ratio: Return per unit of total volatility	-0.03	1.83	-1.86
Sortino ratio: Return per unit of downside risk	0.09	2.54	-2.45
Omega ratio: Gain probability vs. loss probability	1.01	1.31	-0.30
Calmar ratio: Return relative to maximum drawdown	-0.03	2.62	-2.65
Martin ratio: Return relative to average drawdown	-0.09	9.51	-9.60

PMVAX vs. POAGX - Sharpe Ratio Comparison

The current PMVAX Sharpe Ratio is -0.03, which is lower than the POAGX Sharpe Ratio of 1.83. The chart below compares the historical Sharpe Ratios of PMVAX and POAGX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

PMVAX vs. POAGX - Drawdown Comparison

The maximum PMVAX drawdown since its inception was -61.94%, which is greater than POAGX's maximum drawdown of -55.77%. Use the drawdown chart below to compare losses from any high point for PMVAX and POAGX.

Drawdown Indicators

	PMVAX	POAGX	Difference
Max Drawdown Largest peak-to-trough decline	-61.94%	-55.77%	-6.17%
Max Drawdown (1Y) Largest decline over 1 year	-14.96%	-16.87%	+1.91%
Max Drawdown (3Y) Largest decline over 3 years	-27.38%	-24.73%	-2.65%
Max Drawdown (5Y) Largest decline over 5 years	-44.20%	-38.80%	-5.40%
Max Drawdown (10Y) Largest decline over 10 years	-44.20%	-38.80%	-5.40%
Current Drawdown Current decline from peak	-9.36%	-8.24%	-1.12%
Average Drawdown Average peak-to-trough decline	-10.98%	-9.50%	-1.48%
Ulcer Index Depth and duration of drawdowns from previous peaks	5.33%	4.65%	+0.68%

Volatility

PMVAX vs. POAGX - Volatility Comparison

The current volatility for Putnam Sustainable Future Fund (PMVAX) is 5.64%, while PRIMECAP Odyssey Aggressive Growth Fund (POAGX) has a volatility of 8.56%. This indicates that PMVAX experiences smaller price fluctuations and is considered to be less risky than POAGX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	PMVAX	POAGX	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.64%	8.56%	-2.92%
Volatility (6M) Calculated over the trailing 6-month period	14.31%	20.52%	-6.21%
Volatility (1Y) Calculated over the trailing 1-year period	17.65%	24.20%	-6.55%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	21.54%	23.59%	-2.05%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	20.50%	23.15%	-2.65%

PMVAX vs. POAGX - Expense Ratio Comparison

PMVAX has a 1.00% expense ratio, which is higher than POAGX's 0.66% expense ratio.

Dividends

PMVAX vs. POAGX - Dividend Comparison

PMVAX's dividend yield for the trailing twelve months is around 14.00%, more than POAGX's 11.01% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
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%
POAGX PRIMECAP Odyssey Aggressive Growth Fund	11.01%	13.25%	9.90%	5.54%	10.78%	5.93%	7.84%	5.33%	7.82%	0.86%	16.63%	12.52%

Frequently Asked Questions

Can I hold both PMVAX and POAGX in my portfolio?

PMVAX and POAGX have a correlation of 0.84, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, PMVAX or POAGX?

POAGX has higher volatility (8.56%) compared to PMVAX (5.64%). In terms of maximum drawdown, PMVAX dropped -61.94% vs POAGX's -55.77%.

Which has better risk-adjusted returns?

POAGX currently has the higher Sharpe Ratio (1.83 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.