PNOPX vs. FMIL
Compare and contrast key facts about Putnam Sustainable Leaders Fund (PNOPX) and Fidelity New Millennium ETF (FMIL).
PNOPX is managed by Putnam. It was launched on Aug 31, 1990. FMIL is an actively managed fund by Fidelity. It was launched on Jun 3, 2020.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: PNOPX or FMIL.
Key characteristics
| PNOPX | FMIL | |
|---|---|---|
| YTD Return | 26.25% | 32.65% |
| 1Y Return | 32.92% | 42.62% |
| 3Y Return (Ann) | -0.67% | 17.74% |
| Sharpe Ratio | 2.45 | 3.41 |
| Sortino Ratio | 3.19 | 4.57 |
| Omega Ratio | 1.46 | 1.63 |
| Calmar Ratio | 1.23 | 5.07 |
| Martin Ratio | 14.22 | 24.43 |
| Ulcer Index | 2.31% | 1.86% |
| Daily Std Dev | 13.40% | 13.23% |
| Max Drawdown | -73.96% | -15.87% |
| Current Drawdown | -2.51% | 0.00% |
Correlation
The correlation between PNOPX and FMIL is 0.80, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
PNOPX vs. FMIL - Performance Comparison
In the year-to-date period, PNOPX achieves a 26.25% return, which is significantly lower than FMIL's 32.65% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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PNOPX vs. FMIL - Expense Ratio Comparison
PNOPX has a 0.99% expense ratio, which is higher than FMIL's 0.59% expense ratio.
Risk-Adjusted Performance
PNOPX vs. FMIL - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Putnam Sustainable Leaders Fund (PNOPX) and Fidelity New Millennium ETF (FMIL). 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.
Dividends
PNOPX vs. FMIL - Dividend Comparison
PNOPX's dividend yield for the trailing twelve months is around 0.14%, less than FMIL's 0.59% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PNOPX Putnam Sustainable Leaders Fund | 0.14% | 0.18% | 0.00% | 0.48% | 0.30% | 0.33% | 0.06% | 0.50% | 0.00% | 13.21% | 13.23% | 0.22% |
FMIL Fidelity New Millennium ETF | 0.59% | 0.11% | 1.43% | 1.68% | 0.48% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
PNOPX vs. FMIL - Drawdown Comparison
The maximum PNOPX drawdown since its inception was -73.96%, which is greater than FMIL's maximum drawdown of -15.87%. Use the drawdown chart below to compare losses from any high point for PNOPX and FMIL. For additional features, visit the drawdowns tool.
Volatility
PNOPX vs. FMIL - Volatility Comparison
The current volatility for Putnam Sustainable Leaders Fund (PNOPX) is 3.56%, while Fidelity New Millennium ETF (FMIL) has a volatility of 4.00%. This indicates that PNOPX experiences smaller price fluctuations and is considered to be less risky than FMIL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.