POGAX vs. IWF
Compare and contrast key facts about Putnam Growth Opportunities Fund (POGAX) and iShares Russell 1000 Growth ETF (IWF).
POGAX is managed by Putnam. It was launched on Oct 2, 1995. IWF is a passively managed fund by iShares that tracks the performance of the Russell 1000 Growth Index. It was launched on May 22, 2000.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: POGAX or IWF.
Key characteristics
| POGAX | IWF | |
|---|---|---|
| YTD Return | 31.33% | 32.01% |
| 1Y Return | 42.87% | 45.02% |
| 3Y Return (Ann) | 3.60% | 10.27% |
| 5Y Return (Ann) | 13.40% | 19.99% |
| 10Y Return (Ann) | 12.75% | 16.64% |
| Sharpe Ratio | 2.39 | 2.60 |
| Sortino Ratio | 3.12 | 3.33 |
| Omega Ratio | 1.43 | 1.47 |
| Calmar Ratio | 1.79 | 3.30 |
| Martin Ratio | 11.93 | 13.03 |
| Ulcer Index | 3.51% | 3.36% |
| Daily Std Dev | 17.54% | 16.82% |
| Max Drawdown | -76.55% | -64.18% |
| Current Drawdown | 0.00% | 0.00% |
Correlation
The correlation between POGAX and IWF is 0.96, 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
POGAX vs. IWF - Performance Comparison
The year-to-date returns for both investments are quite close, with POGAX having a 31.33% return and IWF slightly higher at 32.01%. Over the past 10 years, POGAX has underperformed IWF with an annualized return of 12.75%, while IWF has yielded a comparatively higher 16.64% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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POGAX vs. IWF - Expense Ratio Comparison
POGAX has a 0.99% expense ratio, which is higher than IWF's 0.19% expense ratio.
Risk-Adjusted Performance
POGAX vs. IWF - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Putnam Growth Opportunities Fund (POGAX) and iShares Russell 1000 Growth ETF (IWF). 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
POGAX vs. IWF - Dividend Comparison
POGAX has not paid dividends to shareholders, while IWF's dividend yield for the trailing twelve months is around 0.51%.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
POGAX Putnam Growth Opportunities Fund | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.26% | 0.01% | 5.95% | 16.07% | 4.52% |
IWF iShares Russell 1000 Growth ETF | 0.51% | 0.67% | 0.91% | 0.50% | 0.66% | 0.99% | 1.27% | 1.10% | 1.43% | 1.37% | 1.33% | 1.29% |
Drawdowns
POGAX vs. IWF - Drawdown Comparison
The maximum POGAX drawdown since its inception was -76.55%, which is greater than IWF's maximum drawdown of -64.18%. Use the drawdown chart below to compare losses from any high point for POGAX and IWF. For additional features, visit the drawdowns tool.
Volatility
POGAX vs. IWF - Volatility Comparison
Putnam Growth Opportunities Fund (POGAX) and iShares Russell 1000 Growth ETF (IWF) have volatilities of 5.01% and 5.20%, 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.