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.
Performance
PNSAX vs. XSVM - Performance Comparison
Returns By Period
In the year-to-date period, PNSAX achieves a 32.11% return, which is significantly higher than XSVM's 9.51% return. Both investments have delivered pretty close results over the past 10 years, with PNSAX having a 10.47% annualized return and XSVM not far ahead at 10.73%.
PNSAX
32.11%
4.51%
17.96%
44.61%
10.40%
10.47%
XSVM
9.51%
7.77%
8.85%
21.49%
14.61%
10.73%
Key characteristics
| PNSAX | XSVM | |
|---|---|---|
| Sharpe Ratio | 2.36 | 1.01 |
| Sortino Ratio | 3.18 | 1.64 |
| Omega Ratio | 1.38 | 1.19 |
| Calmar Ratio | 1.27 | 1.83 |
| Martin Ratio | 14.98 | 4.00 |
| Ulcer Index | 3.03% | 5.51% |
| Daily Std Dev | 19.26% | 21.89% |
| Max Drawdown | -61.15% | -62.57% |
| Current Drawdown | -6.88% | -2.24% |
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.
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.
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 1.55%.
| 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 | 1.55% | 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 6.69%, while Invesco S&P SmallCap Value with Momentum ETF (XSVM) has a volatility of 9.44%. 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.