Correlation
The correlation between POGAX and FBGRX is 0.93, 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.
POGAX vs. FBGRX
Compare and contrast key facts about Putnam Growth Opportunities Fund (POGAX) and Fidelity Blue Chip Growth Fund (FBGRX).
POGAX is managed by Putnam. It was launched on Oct 2, 1995. FBGRX is managed by Fidelity. It was launched on Dec 31, 1987.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: POGAX or FBGRX.
Performance
POGAX vs. FBGRX - Performance Comparison
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Key characteristics
POGAX:
0.59
FBGRX:
0.42
POGAX:
0.86
FBGRX:
0.68
POGAX:
1.12
FBGRX:
1.09
POGAX:
0.53
FBGRX:
0.37
POGAX:
1.70
FBGRX:
1.13
POGAX:
7.44%
FBGRX:
8.83%
POGAX:
25.63%
FBGRX:
28.42%
POGAX:
-76.55%
FBGRX:
-58.02%
POGAX:
-5.82%
FBGRX:
-8.03%
Returns By Period
In the year-to-date period, POGAX achieves a -1.64% return, which is significantly higher than FBGRX's -3.61% return. Over the past 10 years, POGAX has underperformed FBGRX with an annualized return of 15.51%, while FBGRX has yielded a comparatively higher 16.86% annualized return.
POGAX
-1.64%
4.93%
-0.23%
14.93%
19.60%
15.34%
15.51%
FBGRX
-3.61%
6.89%
-2.33%
12.20%
21.83%
18.42%
16.86%
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POGAX vs. FBGRX - Expense Ratio Comparison
POGAX has a 0.99% expense ratio, which is higher than FBGRX's 0.79% expense ratio.
Risk-Adjusted Performance
POGAX vs. FBGRX — Risk-Adjusted Performance Rank
POGAX
FBGRX
POGAX vs. FBGRX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Putnam Growth Opportunities Fund (POGAX) and Fidelity Blue Chip Growth Fund (FBGRX). 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.
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Dividends
POGAX vs. FBGRX - Dividend Comparison
POGAX's dividend yield for the trailing twelve months is around 4.66%, less than FBGRX's 6.17% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
POGAX Putnam Growth Opportunities Fund | 4.66% | 4.58% | 0.49% | 7.80% | 9.08% | 3.29% | 3.83% | 7.98% | 1.89% | 0.01% | 5.70% | 15.53% |
FBGRX Fidelity Blue Chip Growth Fund | 6.17% | 5.95% | 0.93% | 0.57% | 8.73% | 6.40% | 3.70% | 6.32% | 4.28% | 4.05% | 5.30% | 5.96% |
Drawdowns
POGAX vs. FBGRX - Drawdown Comparison
The maximum POGAX drawdown since its inception was -76.55%, which is greater than FBGRX's maximum drawdown of -58.02%. Use the drawdown chart below to compare losses from any high point for POGAX and FBGRX.
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Volatility
POGAX vs. FBGRX - Volatility Comparison
The current volatility for Putnam Growth Opportunities Fund (POGAX) is 5.54%, while Fidelity Blue Chip Growth Fund (FBGRX) has a volatility of 6.52%. This indicates that POGAX experiences smaller price fluctuations and is considered to be less risky than FBGRX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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