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 0.81, 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
Key characteristics
PNSAX:
1.42
XSVM:
0.23
PNSAX:
2.02
XSVM:
0.50
PNSAX:
1.24
XSVM:
1.06
PNSAX:
0.86
XSVM:
0.41
PNSAX:
8.84
XSVM:
0.88
PNSAX:
3.15%
XSVM:
5.59%
PNSAX:
19.62%
XSVM:
21.89%
PNSAX:
-61.15%
XSVM:
-62.57%
PNSAX:
-12.73%
XSVM:
-9.65%
Returns By Period
In the year-to-date period, PNSAX achieves a 23.81% return, which is significantly higher than XSVM's 2.48% return. Both investments have delivered pretty close results over the past 10 years, with PNSAX having a 9.59% annualized return and XSVM not far ahead at 10.01%.
PNSAX
23.81%
-3.10%
8.40%
25.94%
8.61%
9.59%
XSVM
2.48%
-5.31%
5.64%
2.46%
11.75%
10.01%
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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 1.29%.
| 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 | 1.29% | 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
Putnam Small Cap Growth Fund (PNSAX) and Invesco S&P SmallCap Value with Momentum ETF (XSVM) have volatilities of 5.85% and 5.91%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.