POGAX vs. QQQ
Compare and contrast key facts about Putnam Growth Opportunities Fund (POGAX) and Invesco QQQ (QQQ).
POGAX is managed by Putnam. It was launched on Oct 2, 1995. QQQ is a passively managed fund by Invesco that tracks the performance of the NASDAQ-100 Index. It was launched on Mar 10, 1999.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: POGAX or QQQ.
Key characteristics
| POGAX | QQQ | |
|---|---|---|
| YTD Return | 31.33% | 26.09% |
| 1Y Return | 42.87% | 39.88% |
| 3Y Return (Ann) | 3.60% | 9.90% |
| 5Y Return (Ann) | 13.40% | 21.46% |
| 10Y Return (Ann) | 12.75% | 18.52% |
| Sharpe Ratio | 2.39 | 2.22 |
| Sortino Ratio | 3.12 | 2.92 |
| Omega Ratio | 1.43 | 1.40 |
| Calmar Ratio | 1.79 | 2.86 |
| Martin Ratio | 11.93 | 10.44 |
| Ulcer Index | 3.51% | 3.72% |
| Daily Std Dev | 17.54% | 17.47% |
| Max Drawdown | -76.55% | -82.98% |
| Current Drawdown | 0.00% | 0.00% |
Correlation
The correlation between POGAX and QQQ is 0.92, 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. QQQ - Performance Comparison
In the year-to-date period, POGAX achieves a 31.33% return, which is significantly higher than QQQ's 26.09% return. Over the past 10 years, POGAX has underperformed QQQ with an annualized return of 12.75%, while QQQ has yielded a comparatively higher 18.52% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
POGAX vs. QQQ - Expense Ratio Comparison
POGAX has a 0.99% expense ratio, which is higher than QQQ's 0.20% expense ratio.
Risk-Adjusted Performance
POGAX vs. QQQ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Putnam Growth Opportunities Fund (POGAX) and Invesco QQQ (QQQ). 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. QQQ - Dividend Comparison
POGAX has not paid dividends to shareholders, while QQQ's dividend yield for the trailing twelve months is around 0.59%.
| 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% |
QQQ Invesco QQQ | 0.59% | 0.62% | 0.80% | 0.43% | 0.55% | 0.74% | 0.91% | 0.84% | 1.06% | 0.99% | 1.41% | 1.02% |
Drawdowns
POGAX vs. QQQ - Drawdown Comparison
The maximum POGAX drawdown since its inception was -76.55%, smaller than the maximum QQQ drawdown of -82.98%. Use the drawdown chart below to compare losses from any high point for POGAX and QQQ. For additional features, visit the drawdowns tool.
Volatility
POGAX vs. QQQ - Volatility Comparison
Putnam Growth Opportunities Fund (POGAX) and Invesco QQQ (QQQ) have volatilities of 5.01% and 5.17%, 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.