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.
Performance
PNSAX vs. XSVM - Performance Comparison
Loading graphics...
PNSAX vs. XSVM - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
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% |
XSVM Invesco S&P SmallCap Value with Momentum ETF | 6.63% | 7.47% | 2.30% | 20.20% | -13.63% | 56.36% | 5.08% | 30.01% | -12.33% | 3.62% |
Returns By Period
In the year-to-date period, PNSAX achieves a -0.28% return, which is significantly lower than XSVM's 6.63% return. Over the past 10 years, PNSAX has outperformed XSVM with an annualized return of 13.98%, while XSVM has yielded a comparatively lower 12.22% annualized return.
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%
XSVM
- 1D
- 0.60%
- 1M
- -2.33%
- YTD
- 6.63%
- 6M
- 8.31%
- 1Y
- 22.91%
- 3Y*
- 12.18%
- 5Y*
- 6.23%
- 10Y*
- 12.22%
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
PNSAX vs. XSVM - Expense Ratio Comparison
PNSAX has a 1.23% expense ratio, which is higher than XSVM's 0.39% expense ratio.
Return for Risk
PNSAX vs. XSVM — Risk / Return Rank
PNSAX
XSVM
PNSAX vs. XSVM - Risk-Adjusted Trends 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.
| PNSAX | XSVM | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.86 | 1.03 | -0.17 |
Sortino ratioReturn per unit of downside risk | 1.36 | 1.57 | -0.22 |
Omega ratioGain probability vs. loss probability | 1.17 | 1.21 | -0.03 |
Calmar ratioReturn relative to maximum drawdown | 1.49 | 1.75 | -0.26 |
Martin ratioReturn relative to average drawdown | 5.15 | 5.69 | -0.54 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading graphics...
Sharpe Ratios by Period
| PNSAX | XSVM | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.86 | 1.03 | -0.17 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.22 | 0.27 | -0.05 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.60 | 0.49 | +0.11 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.42 | 0.35 | +0.07 |
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.
Dividends
PNSAX vs. XSVM - Dividend Comparison
PNSAX's dividend yield for the trailing twelve months is around 0.43%, less than XSVM's 1.99% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
XSVM Invesco S&P SmallCap Value with Momentum ETF | 1.99% | 2.29% | 1.69% | 1.31% | 1.79% | 1.23% | 1.21% | 1.22% | 2.54% | 1.90% | 2.29% | 2.68% |
Drawdowns
PNSAX vs. XSVM - Drawdown Comparison
The maximum PNSAX drawdown since its inception was -69.47%, which is greater than XSVM's maximum drawdown of -62.57%. Use the drawdown chart below to compare losses from any high point for PNSAX and XSVM.
Loading graphics...
Drawdown Indicators
| PNSAX | XSVM | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -69.47% | -62.57% | -6.90% |
Max Drawdown (1Y)Largest decline over 1 year | -14.00% | -13.35% | -0.65% |
Max Drawdown (5Y)Largest decline over 5 years | -38.77% | -26.21% | -12.56% |
Max Drawdown (10Y)Largest decline over 10 years | -38.77% | -49.02% | +10.25% |
Current DrawdownCurrent decline from peak | -9.70% | -5.23% | -4.47% |
Average DrawdownAverage peak-to-trough decline | -23.68% | -11.65% | -12.03% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.05% | 4.11% | -0.06% |
Volatility
PNSAX vs. XSVM - Volatility Comparison
Putnam Small Cap Growth Fund (PNSAX) has a higher volatility of 10.40% compared to Invesco S&P SmallCap Value with Momentum ETF (XSVM) at 5.34%. This indicates that PNSAX's price experiences larger fluctuations and is considered to be riskier than XSVM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading graphics...
Volatility by Period
| PNSAX | XSVM | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.40% | 5.34% | +5.06% |
Volatility (6M)Calculated over the trailing 6-month period | 17.67% | 13.20% | +4.47% |
Volatility (1Y)Calculated over the trailing 1-year period | 24.86% | 22.34% | +2.52% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 23.05% | 22.98% | +0.07% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 23.43% | 25.07% | -1.64% |