PNOPX vs. PNSAX
Compare and contrast key facts about Putnam Sustainable Leaders Fund (PNOPX) and Putnam Small Cap Growth Fund (PNSAX).
PNOPX is managed by Putnam. It was launched on Aug 31, 1990. PNSAX is managed by Putnam. It was launched on Dec 31, 1997.
Performance
PNOPX vs. PNSAX - Performance Comparison
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PNOPX vs. PNSAX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
PNOPX Putnam Sustainable Leaders Fund | -9.32% | 10.93% | 22.97% | 26.23% | -22.86% | 23.44% | 28.57% | 35.86% | -0.90% | 29.07% |
PNSAX Putnam Small Cap Growth Fund | -0.28% | 8.91% | 22.98% | 22.87% | -28.10% | 14.38% | 47.65% | 37.60% | -2.46% | 20.19% |
Returns By Period
In the year-to-date period, PNOPX achieves a -9.32% return, which is significantly lower than PNSAX's -0.28% return. Both investments have delivered pretty close results over the past 10 years, with PNOPX having a 13.72% annualized return and PNSAX not far ahead at 13.98%.
PNOPX
- 1D
- 2.73%
- 1M
- -5.88%
- YTD
- -9.32%
- 6M
- -6.62%
- 1Y
- 8.72%
- 3Y*
- 13.65%
- 5Y*
- 6.84%
- 10Y*
- 13.72%
PNSAX
- 1D
- 5.00%
- 1M
- -7.90%
- YTD
- -0.28%
- 6M
- -2.39%
- 1Y
- 20.42%
- 3Y*
- 15.34%
- 5Y*
- 5.04%
- 10Y*
- 13.98%
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PNOPX vs. PNSAX - Expense Ratio Comparison
PNOPX has a 0.99% expense ratio, which is lower than PNSAX's 1.23% expense ratio.
Return for Risk
PNOPX vs. PNSAX — Risk / Return Rank
PNOPX
PNSAX
PNOPX vs. PNSAX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Putnam Sustainable Leaders Fund (PNOPX) and Putnam Small Cap Growth Fund (PNSAX). 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.
| PNOPX | PNSAX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.50 | 0.86 | -0.36 |
Sortino ratioReturn per unit of downside risk | 0.84 | 1.36 | -0.52 |
Omega ratioGain probability vs. loss probability | 1.12 | 1.17 | -0.05 |
Calmar ratioReturn relative to maximum drawdown | 0.74 | 1.49 | -0.75 |
Martin ratioReturn relative to average drawdown | 2.63 | 5.15 | -2.52 |
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
| PNOPX | PNSAX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.50 | 0.86 | -0.36 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.40 | 0.22 | +0.18 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.76 | 0.60 | +0.16 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.53 | 0.42 | +0.12 |
Correlation
The correlation between PNOPX and PNSAX is 0.88, 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.
Dividends
PNOPX vs. PNSAX - Dividend Comparison
PNOPX's dividend yield for the trailing twelve months is around 12.37%, more than PNSAX's 0.43% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PNOPX Putnam Sustainable Leaders Fund | 12.37% | 11.22% | 9.25% | 2.96% | 8.38% | 11.69% | 7.41% | 7.14% | 20.24% | 4.91% | 0.00% | 12.64% |
PNSAX Putnam Small Cap Growth Fund | 0.43% | 0.42% | 0.00% | 0.00% | 0.00% | 15.27% | 4.87% | 1.93% | 1.88% | 0.00% | 0.00% | 0.00% |
Drawdowns
PNOPX vs. PNSAX - Drawdown Comparison
The maximum PNOPX drawdown since its inception was -74.15%, which is greater than PNSAX's maximum drawdown of -69.47%. Use the drawdown chart below to compare losses from any high point for PNOPX and PNSAX.
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Drawdown Indicators
| PNOPX | PNSAX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -74.15% | -69.47% | -4.68% |
Max Drawdown (1Y)Largest decline over 1 year | -13.06% | -14.00% | +0.94% |
Max Drawdown (5Y)Largest decline over 5 years | -29.13% | -38.77% | +9.64% |
Max Drawdown (10Y)Largest decline over 10 years | -30.29% | -38.77% | +8.48% |
Current DrawdownCurrent decline from peak | -10.69% | -9.70% | -0.99% |
Average DrawdownAverage peak-to-trough decline | -24.14% | -23.68% | -0.46% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.66% | 4.05% | -0.39% |
Volatility
PNOPX vs. PNSAX - Volatility Comparison
The current volatility for Putnam Sustainable Leaders Fund (PNOPX) is 5.34%, while Putnam Small Cap Growth Fund (PNSAX) has a volatility of 10.40%. This indicates that PNOPX experiences smaller price fluctuations and is considered to be less risky than PNSAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PNOPX | PNSAX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.34% | 10.40% | -5.06% |
Volatility (6M)Calculated over the trailing 6-month period | 9.55% | 17.67% | -8.12% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.23% | 24.86% | -6.63% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.35% | 23.05% | -5.70% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.13% | 23.43% | -5.30% |