POGAX vs. PNOPX
Compare and contrast key facts about Putnam Growth Opportunities Fund (POGAX) and Putnam Sustainable Leaders Fund (PNOPX).
POGAX is managed by Putnam. It was launched on Oct 2, 1995. PNOPX is managed by Putnam. It was launched on Aug 31, 1990.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: POGAX or PNOPX.
Key characteristics
| POGAX | PNOPX | |
|---|---|---|
| YTD Return | 31.33% | 26.32% |
| 1Y Return | 42.87% | 34.83% |
| 3Y Return (Ann) | 3.60% | -0.76% |
| 5Y Return (Ann) | 13.40% | 7.75% |
| 10Y Return (Ann) | 12.75% | 8.02% |
| Sharpe Ratio | 2.39 | 2.53 |
| Sortino Ratio | 3.12 | 3.29 |
| Omega Ratio | 1.43 | 1.47 |
| Calmar Ratio | 1.79 | 1.23 |
| Martin Ratio | 11.93 | 14.78 |
| Ulcer Index | 3.51% | 2.31% |
| Daily Std Dev | 17.54% | 13.49% |
| Max Drawdown | -76.55% | -73.96% |
| Current Drawdown | 0.00% | -2.45% |
Correlation
The correlation between POGAX and PNOPX 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. PNOPX - Performance Comparison
In the year-to-date period, POGAX achieves a 31.33% return, which is significantly higher than PNOPX's 26.32% return. Over the past 10 years, POGAX has outperformed PNOPX with an annualized return of 12.75%, while PNOPX has yielded a comparatively lower 8.02% 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. PNOPX - Expense Ratio Comparison
Both POGAX and PNOPX have an expense ratio of 0.99%.
Risk-Adjusted Performance
POGAX vs. PNOPX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Putnam Growth Opportunities Fund (POGAX) and Putnam Sustainable Leaders Fund (PNOPX). 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. PNOPX - Dividend Comparison
POGAX has not paid dividends to shareholders, while PNOPX's dividend yield for the trailing twelve months is around 0.14%.
| 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% |
PNOPX Putnam Sustainable Leaders Fund | 0.14% | 0.18% | 0.00% | 0.48% | 0.30% | 0.33% | 0.06% | 0.50% | 0.00% | 13.21% | 13.23% | 0.22% |
Drawdowns
POGAX vs. PNOPX - Drawdown Comparison
The maximum POGAX drawdown since its inception was -76.55%, roughly equal to the maximum PNOPX drawdown of -73.96%. Use the drawdown chart below to compare losses from any high point for POGAX and PNOPX. For additional features, visit the drawdowns tool.
Volatility
POGAX vs. PNOPX - Volatility Comparison
Putnam Growth Opportunities Fund (POGAX) has a higher volatility of 5.01% compared to Putnam Sustainable Leaders Fund (PNOPX) at 3.72%. This indicates that POGAX's price experiences larger fluctuations and is considered to be riskier than PNOPX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.