POGAX vs. TQQQ
Compare and contrast key facts about Putnam Growth Opportunities Fund (POGAX) and ProShares UltraPro QQQ (TQQQ).
POGAX is managed by Putnam. It was launched on Oct 2, 1995. TQQQ is a passively managed fund by ProShares that tracks the performance of the NASDAQ-100 Index (300%). It was launched on Feb 9, 2010.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: POGAX or TQQQ.
Key characteristics
| POGAX | TQQQ | |
|---|---|---|
| YTD Return | 31.61% | 63.76% |
| 1Y Return | 40.34% | 106.42% |
| 3Y Return (Ann) | 3.70% | 0.86% |
| 5Y Return (Ann) | 13.19% | 35.83% |
| 10Y Return (Ann) | 12.76% | 35.69% |
| Sharpe Ratio | 2.31 | 2.03 |
| Sortino Ratio | 3.02 | 2.40 |
| Omega Ratio | 1.42 | 1.33 |
| Calmar Ratio | 1.85 | 1.95 |
| Martin Ratio | 11.47 | 8.43 |
| Ulcer Index | 3.51% | 12.40% |
| Daily Std Dev | 17.42% | 51.63% |
| Max Drawdown | -76.55% | -81.66% |
| Current Drawdown | 0.00% | -4.17% |
Correlation
The correlation between POGAX and TQQQ is 0.95, 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. TQQQ - Performance Comparison
In the year-to-date period, POGAX achieves a 31.61% return, which is significantly lower than TQQQ's 63.76% return. Over the past 10 years, POGAX has underperformed TQQQ with an annualized return of 12.76%, while TQQQ has yielded a comparatively higher 35.69% 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. TQQQ - Expense Ratio Comparison
POGAX has a 0.99% expense ratio, which is higher than TQQQ's 0.95% expense ratio.
Risk-Adjusted Performance
POGAX vs. TQQQ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Putnam Growth Opportunities Fund (POGAX) and ProShares UltraPro QQQ (TQQQ). 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. TQQQ - Dividend Comparison
POGAX has not paid dividends to shareholders, while TQQQ's dividend yield for the trailing twelve months is around 1.16%.
| 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% |
TQQQ ProShares UltraPro QQQ | 1.16% | 1.26% | 0.57% | 0.00% | 0.00% | 0.06% | 0.11% | 0.00% | 0.00% | 0.01% | 0.03% | 0.00% |
Drawdowns
POGAX vs. TQQQ - Drawdown Comparison
The maximum POGAX drawdown since its inception was -76.55%, smaller than the maximum TQQQ drawdown of -81.66%. Use the drawdown chart below to compare losses from any high point for POGAX and TQQQ. For additional features, visit the drawdowns tool.
Volatility
POGAX vs. TQQQ - Volatility Comparison
The current volatility for Putnam Growth Opportunities Fund (POGAX) is 4.98%, while ProShares UltraPro QQQ (TQQQ) has a volatility of 15.36%. This indicates that POGAX experiences smaller price fluctuations and is considered to be less risky than TQQQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.