Correlation
The correlation between POGAX and IWF is 0.94, 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. 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.
Performance
POGAX vs. IWF - Performance Comparison
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Key characteristics
POGAX:
0.59
IWF:
0.70
POGAX:
0.86
IWF:
1.01
POGAX:
1.12
IWF:
1.14
POGAX:
0.53
IWF:
0.66
POGAX:
1.70
IWF:
2.18
POGAX:
7.44%
IWF:
7.10%
POGAX:
25.63%
IWF:
25.33%
POGAX:
-76.55%
IWF:
-64.18%
POGAX:
-5.82%
IWF:
-4.46%
Returns By Period
In the year-to-date period, POGAX achieves a -1.64% return, which is significantly lower than IWF's -0.43% return. Both investments have delivered pretty close results over the past 10 years, with POGAX having a 15.51% annualized return and IWF not far ahead at 15.83%.
POGAX
-1.64%
4.93%
-0.23%
14.93%
19.60%
15.34%
15.51%
IWF
-0.43%
5.97%
0.47%
17.25%
19.62%
17.50%
15.83%
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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 Rank
POGAX
IWF
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.
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Dividends
POGAX vs. IWF - Dividend Comparison
POGAX's dividend yield for the trailing twelve months is around 4.66%, more than IWF's 0.45% 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% |
IWF iShares Russell 1000 Growth ETF | 0.45% | 0.46% | 0.67% | 0.91% | 0.49% | 0.66% | 0.99% | 1.27% | 1.10% | 1.43% | 1.37% | 1.33% |
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.
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Volatility
POGAX vs. IWF - Volatility Comparison
The current volatility for Putnam Growth Opportunities Fund (POGAX) is 5.54%, while iShares Russell 1000 Growth ETF (IWF) has a volatility of 5.84%. This indicates that POGAX experiences smaller price fluctuations and is considered to be less risky than IWF based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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