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:
1.67
XSVM:
0.50
PNSAX:
2.32
XSVM:
0.90
PNSAX:
1.28
XSVM:
1.11
PNSAX:
1.04
XSVM:
0.82
PNSAX:
8.59
XSVM:
1.82
PNSAX:
3.74%
XSVM:
6.02%
PNSAX:
19.22%
XSVM:
21.75%
PNSAX:
-61.15%
XSVM:
-62.57%
PNSAX:
-9.28%
XSVM:
-8.78%
Returns By Period
In the year-to-date period, PNSAX achieves a 4.66% return, which is significantly higher than XSVM's 1.14% return. Both investments have delivered pretty close results over the past 10 years, with PNSAX having a 10.08% annualized return and XSVM not far ahead at 10.20%.
PNSAX
4.66%
3.47%
6.27%
29.64%
8.46%
10.08%
XSVM
1.14%
1.02%
-2.21%
8.52%
12.36%
10.20%
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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
The current volatility for Putnam Small Cap Growth Fund (PNSAX) is 5.51%, while Invesco S&P SmallCap Value with Momentum ETF (XSVM) has a volatility of 6.46%. 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.