PNOPX vs. SPY
Compare and contrast key facts about Putnam Sustainable Leaders Fund (PNOPX) and SPDR S&P 500 ETF (SPY).
PNOPX is managed by Putnam. It was launched on Aug 31, 1990. SPY is a passively managed fund by State Street that tracks the performance of the S&P 500 Index. It was launched on Jan 22, 1993.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: PNOPX or SPY.
Key characteristics
| PNOPX | SPY | |
|---|---|---|
| YTD Return | 26.32% | 27.04% |
| 1Y Return | 34.83% | 39.75% |
| 3Y Return (Ann) | -0.76% | 10.21% |
| 5Y Return (Ann) | 7.75% | 15.93% |
| 10Y Return (Ann) | 8.02% | 13.36% |
| Sharpe Ratio | 2.53 | 3.15 |
| Sortino Ratio | 3.29 | 4.19 |
| Omega Ratio | 1.47 | 1.59 |
| Calmar Ratio | 1.23 | 4.60 |
| Martin Ratio | 14.78 | 20.85 |
| Ulcer Index | 2.31% | 1.85% |
| Daily Std Dev | 13.49% | 12.29% |
| Max Drawdown | -73.96% | -55.19% |
| Current Drawdown | -2.45% | 0.00% |
Correlation
The correlation between PNOPX and SPY is 0.87, 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. SPY - Performance Comparison
The year-to-date returns for both investments are quite close, with PNOPX having a 26.32% return and SPY slightly higher at 27.04%. Over the past 10 years, PNOPX has underperformed SPY with an annualized return of 8.02%, while SPY has yielded a comparatively higher 13.36% annualized 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. SPY - Expense Ratio Comparison
PNOPX has a 0.99% expense ratio, which is higher than SPY's 0.09% expense ratio.
Risk-Adjusted Performance
PNOPX vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Putnam Sustainable Leaders Fund (PNOPX) and SPDR S&P 500 ETF (SPY). 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. SPY - Dividend Comparison
PNOPX's dividend yield for the trailing twelve months is around 0.14%, less than SPY's 1.17% 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% |
SPY SPDR S&P 500 ETF | 1.17% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% | 1.81% |
Drawdowns
PNOPX vs. SPY - Drawdown Comparison
The maximum PNOPX drawdown since its inception was -73.96%, which is greater than SPY's maximum drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for PNOPX and SPY. For additional features, visit the drawdowns tool.
Volatility
PNOPX vs. SPY - Volatility Comparison
The current volatility for Putnam Sustainable Leaders Fund (PNOPX) is 3.72%, while SPDR S&P 500 ETF (SPY) has a volatility of 3.95%. This indicates that PNOPX experiences smaller price fluctuations and is considered to be less risky than SPY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.