PNSAX vs. XSVM
Compare and contrast key facts about Putnam Small Cap Growth Fund (PNSAX) and Invesco S&P SmallCap Value with Momentum ETF (XSVM).
PNSAX is managed by Putnam. It was launched on Dec 31, 1997. XSVM is a passively managed fund by Invesco that tracks the performance of the S&P SmallCap 600 Index. It was launched on Mar 3, 2005.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: PNSAX or XSVM.
Key characteristics
| PNSAX | XSVM | |
|---|---|---|
| YTD Return | 34.30% | 10.37% |
| 1Y Return | 52.45% | 28.17% |
| 3Y Return (Ann) | -1.40% | 3.27% |
| 5Y Return (Ann) | 11.03% | 14.62% |
| 10Y Return (Ann) | 10.83% | 10.94% |
| Sharpe Ratio | 2.74 | 1.26 |
| Sortino Ratio | 3.67 | 2.00 |
| Omega Ratio | 1.45 | 1.23 |
| Calmar Ratio | 1.40 | 1.95 |
| Martin Ratio | 17.93 | 5.16 |
| Ulcer Index | 2.95% | 5.49% |
| Daily Std Dev | 19.31% | 22.49% |
| Max Drawdown | -61.15% | -62.57% |
| Current Drawdown | -5.34% | -1.47% |
Correlation
The correlation between PNSAX and XSVM is 0.81, 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
PNSAX vs. XSVM - Performance Comparison
In the year-to-date period, PNSAX achieves a 34.30% return, which is significantly higher than XSVM's 10.37% return. Both investments have delivered pretty close results over the past 10 years, with PNSAX having a 10.83% annualized return and XSVM not far ahead at 10.94%. 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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PNSAX vs. XSVM - Expense Ratio Comparison
PNSAX has a 1.23% expense ratio, which is higher than XSVM's 0.39% expense ratio.
Risk-Adjusted Performance
PNSAX vs. XSVM - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Putnam Small Cap Growth Fund (PNSAX) and Invesco S&P SmallCap Value with Momentum ETF (XSVM). 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
PNSAX vs. XSVM - Dividend Comparison
PNSAX has not paid dividends to shareholders, while XSVM's dividend yield for the trailing twelve months is around 1.54%.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PNSAX Putnam Small Cap Growth Fund | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
XSVM Invesco S&P SmallCap Value with Momentum ETF | 1.54% | 1.31% | 1.79% | 1.23% | 1.21% | 1.22% | 2.54% | 1.90% | 2.29% | 2.68% | 1.32% | 1.15% |
Drawdowns
PNSAX vs. XSVM - Drawdown Comparison
The maximum PNSAX drawdown since its inception was -61.15%, roughly equal to the maximum XSVM drawdown of -62.57%. Use the drawdown chart below to compare losses from any high point for PNSAX and XSVM. For additional features, visit the drawdowns tool.
Volatility
PNSAX vs. XSVM - Volatility Comparison
The current volatility for Putnam Small Cap Growth Fund (PNSAX) is 5.94%, while Invesco S&P SmallCap Value with Momentum ETF (XSVM) has a volatility of 9.89%. This indicates that PNSAX experiences smaller price fluctuations and is considered to be less risky than XSVM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.