PNSAX vs. PGOYX
Compare and contrast key facts about Putnam Small Cap Growth Fund (PNSAX) and Putnam Large Cap Growth Y (PGOYX).
PNSAX is managed by Putnam. It was launched on Dec 31, 1997. PGOYX is managed by Putnam. It was launched on Aug 27, 1999.
Performance
PNSAX vs. PGOYX - Performance Comparison
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PNSAX vs. PGOYX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
PNSAX Putnam Small Cap Growth Fund | 0.97% | 8.91% | 22.98% | 22.87% | -28.10% | 14.38% | 47.65% | 37.60% | -2.46% | 20.19% |
PGOYX Putnam Large Cap Growth Y | -8.75% | 14.56% | 33.58% | 44.57% | -30.25% | 22.95% | 38.79% | 36.76% | 2.58% | 31.29% |
Returns By Period
In the year-to-date period, PNSAX achieves a 0.97% return, which is significantly higher than PGOYX's -8.75% return. Over the past 10 years, PNSAX has underperformed PGOYX with an annualized return of 14.12%, while PGOYX has yielded a comparatively higher 16.93% annualized return.
PNSAX
- 1D
- 1.24%
- 1M
- -4.55%
- YTD
- 0.97%
- 6M
- -1.65%
- 1Y
- 19.20%
- 3Y*
- 15.82%
- 5Y*
- 5.30%
- 10Y*
- 14.12%
PGOYX
- 1D
- 1.02%
- 1M
- -4.07%
- YTD
- -8.75%
- 6M
- -8.50%
- 1Y
- 15.12%
- 3Y*
- 20.93%
- 5Y*
- 11.28%
- 10Y*
- 16.93%
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PNSAX vs. PGOYX - Expense Ratio Comparison
PNSAX has a 1.23% expense ratio, which is higher than PGOYX's 0.65% expense ratio.
Return for Risk
PNSAX vs. PGOYX — Risk / Return Rank
PNSAX
PGOYX
PNSAX vs. PGOYX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Putnam Small Cap Growth Fund (PNSAX) and Putnam Large Cap Growth Y (PGOYX). 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.
| PNSAX | PGOYX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.88 | 0.72 | +0.16 |
Sortino ratioReturn per unit of downside risk | 1.39 | 1.19 | +0.19 |
Omega ratioGain probability vs. loss probability | 1.18 | 1.17 | +0.01 |
Calmar ratioReturn relative to maximum drawdown | 1.63 | 1.05 | +0.58 |
Martin ratioReturn relative to average drawdown | 5.58 | 3.53 | +2.05 |
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
| PNSAX | PGOYX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.88 | 0.72 | +0.16 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.23 | 0.52 | -0.29 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.60 | 0.80 | -0.20 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.42 | 0.32 | +0.10 |
Correlation
The correlation between PNSAX and PGOYX is 0.83, 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
PNSAX vs. PGOYX - Dividend Comparison
PNSAX's dividend yield for the trailing twelve months is around 0.42%, less than PGOYX's 5.74% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PNSAX Putnam Small Cap Growth Fund | 0.42% | 0.42% | 0.00% | 0.00% | 0.00% | 15.27% | 4.87% | 1.93% | 1.88% | 0.00% | 0.00% | 0.00% |
PGOYX Putnam Large Cap Growth Y | 5.74% | 5.23% | 4.25% | 0.46% | 7.30% | 8.55% | 3.12% | 3.65% | 7.92% | 2.05% | 0.02% | 5.78% |
Drawdowns
PNSAX vs. PGOYX - Drawdown Comparison
The maximum PNSAX drawdown since its inception was -69.47%, smaller than the maximum PGOYX drawdown of -76.03%. Use the drawdown chart below to compare losses from any high point for PNSAX and PGOYX.
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Drawdown Indicators
| PNSAX | PGOYX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -69.47% | -76.03% | +6.56% |
Max Drawdown (1Y)Largest decline over 1 year | -14.00% | -16.34% | +2.34% |
Max Drawdown (5Y)Largest decline over 5 years | -38.77% | -34.01% | -4.76% |
Max Drawdown (10Y)Largest decline over 10 years | -38.77% | -34.01% | -4.76% |
Current DrawdownCurrent decline from peak | -8.57% | -12.36% | +3.79% |
Average DrawdownAverage peak-to-trough decline | -23.68% | -31.71% | +8.03% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.08% | 4.84% | -0.76% |
Volatility
PNSAX vs. PGOYX - Volatility Comparison
Putnam Small Cap Growth Fund (PNSAX) has a higher volatility of 10.31% compared to Putnam Large Cap Growth Y (PGOYX) at 6.97%. This indicates that PNSAX's price experiences larger fluctuations and is considered to be riskier than PGOYX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PNSAX | PGOYX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.31% | 6.97% | +3.34% |
Volatility (6M)Calculated over the trailing 6-month period | 17.71% | 12.75% | +4.96% |
Volatility (1Y)Calculated over the trailing 1-year period | 24.88% | 22.43% | +2.45% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 23.03% | 21.67% | +1.36% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 23.43% | 21.15% | +2.28% |