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.
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
Key characteristics
PNOPX:
2.02
SPY:
2.21
PNOPX:
2.69
SPY:
2.93
PNOPX:
1.37
SPY:
1.41
PNOPX:
1.11
SPY:
3.26
PNOPX:
11.33
SPY:
14.40
PNOPX:
2.38%
SPY:
1.90%
PNOPX:
13.31%
SPY:
12.44%
PNOPX:
-73.96%
SPY:
-55.19%
PNOPX:
-2.75%
SPY:
-1.83%
Returns By Period
The year-to-date returns for both investments are quite close, with PNOPX having a 26.33% return and SPY slightly higher at 26.72%. Over the past 10 years, PNOPX has underperformed SPY with an annualized return of 7.56%, while SPY has yielded a comparatively higher 13.04% annualized return.
PNOPX
26.33%
-0.40%
5.50%
26.92%
7.88%
7.56%
SPY
26.72%
0.20%
10.28%
27.17%
14.87%
13.04%
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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 9.01%, more than SPY's 1.19% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PNOPX Putnam Sustainable Leaders Fund | 9.01% | 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 | 1.19% | 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
Putnam Sustainable Leaders Fund (PNOPX) has a higher volatility of 4.20% compared to SPDR S&P 500 ETF (SPY) at 3.81%. This indicates that PNOPX's price experiences larger fluctuations and is considered to be riskier than SPY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.