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.
Correlation
The correlation between PNSAX and XSVM is 0.80, 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
Key characteristics
PNSAX:
0.73
XSVM:
0.09
PNSAX:
1.13
XSVM:
0.30
PNSAX:
1.13
XSVM:
1.03
PNSAX:
0.54
XSVM:
0.15
PNSAX:
3.31
XSVM:
0.31
PNSAX:
4.19%
XSVM:
6.47%
PNSAX:
19.01%
XSVM:
21.00%
PNSAX:
-61.15%
XSVM:
-62.57%
PNSAX:
-12.59%
XSVM:
-9.06%
Returns By Period
The year-to-date returns for both stocks are quite close, with PNSAX having a 0.84% return and XSVM slightly lower at 0.83%. Over the past 10 years, PNSAX has underperformed XSVM with an annualized return of 9.20%, while XSVM has yielded a comparatively higher 9.81% annualized return.
PNSAX
0.84%
-3.65%
1.20%
16.53%
6.95%
9.20%
XSVM
0.83%
-0.31%
1.07%
4.21%
12.97%
9.81%
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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 Rank
PNSAX
XSVM
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 1.67%.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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 | 1.67% | 1.69% | 1.31% | 1.79% | 1.23% | 1.21% | 1.22% | 2.54% | 1.90% | 2.29% | 2.68% | 1.32% |
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
Putnam Small Cap Growth Fund (PNSAX) has a higher volatility of 5.32% compared to Invesco S&P SmallCap Value with Momentum ETF (XSVM) at 4.66%. 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.