PVFAX vs. PGTYX
PVFAX (Paradigm Value Fund) and PGTYX (Putnam Global Technology Fund) are both mutual funds - PVFAX is a Small Cap Blend Equities fund managed by Paradigm Funds, while PGTYX is a Technology Equities fund managed by Putnam. Over the past 10 years, PVFAX returned 12.21%/yr vs 23.91%/yr for PGTYX. Their 0.72 correlation means they have sometimes moved together and sometimes differently. PVFAX charges 1.50%/yr vs 0.62%/yr for PGTYX.
Performance
PVFAX vs. PGTYX - Performance Comparison
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Returns By Period
In the year-to-date period, PVFAX achieves a 22.81% return, which is significantly lower than PGTYX's 27.05% return. Over the past 10 years, PVFAX has underperformed PGTYX with an annualized return of 12.21%, while PGTYX has yielded a comparatively higher 23.91% annualized return.
PVFAX
- 1D
- -0.18%
- 1M
- -3.49%
- 6M
- 16.13%
- YTD
- 22.81%
- 1Y
- 38.12%
- 3Y*
- 15.36%
- 5Y*
- 6.79%
- 10Y*
- 12.21%
- ALL TIME*
- 11.47%
PGTYX
- 1D
- 1.74%
- 1M
- -2.39%
- 6M
- 25.38%
- YTD
- 27.05%
- 1Y
- 42.18%
- 3Y*
- 29.26%
- 5Y*
- 15.98%
- 10Y*
- 23.91%
- ALL TIME*
- 20.36%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
PVFAX Paradigm Value Fund | $0.00 | $0.00 | $0.00 |
PVFAX vs. PGTYX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
PVFAX Paradigm Value Fund | 22.81% | 5.60% | 12.51% | 13.31% | -20.25% | 30.28% | 17.69% | 22.27% | -2.02% | 14.09% |
PGTYX Putnam Global Technology Fund | 27.05% | 23.31% | 27.88% | 53.82% | -32.30% | 11.72% | 70.92% | 47.50% | -6.72% | 47.05% |
Correlation
The correlation between PVFAX and PGTYX is 0.64, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.64 |
Correlation (3Y) Balances recent behavior with more history. | 0.62 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.71 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.67 |
Correlation (All Time) Calculated using the full available price history since Dec 19, 2008 | 0.72 |
The correlation between PVFAX and PGTYX shifts across timeframes, from 0.62 (3 years) to 0.72 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
PVFAX vs. PGTYX — Risk / Return Rank
PVFAX
PGTYX
PVFAX vs. PGTYX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Paradigm Value Fund (PVFAX) and Putnam Global Technology Fund (PGTYX). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| PVFAX | PGTYX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.22 | ||
| Sortino ratioReturn per unit of downside risk | +0.43 | ||
| Omega ratioGain probability vs. loss probability | 1.29 | 1.25 | +0.04 |
| Calmar ratioReturn relative to maximum drawdown | 2.78 | 2.15 | +0.63 |
| Martin ratioReturn relative to average drawdown | 8.55 | 6.71 | +1.84 |
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Drawdowns
PVFAX vs. PGTYX - Drawdown Comparison
The maximum PVFAX drawdown since its inception was -54.40%, which is greater than PGTYX's maximum drawdown of -42.09%. Use the drawdown chart below to compare losses from any high point for PVFAX and PGTYX.
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Drawdown Indicators
| PVFAX | PGTYX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -54.40% | -42.09% | -12.31% |
Max Drawdown (1Y)Largest decline over 1 year | -12.81% | -17.94% | +5.13% |
Max Drawdown (3Y)Largest decline over 3 years | -28.00% | -28.36% | +0.36% |
Max Drawdown (5Y)Largest decline over 5 years | -30.71% | -42.09% | +11.38% |
Max Drawdown (10Y)Largest decline over 10 years | -42.64% | -42.09% | -0.55% |
Current DrawdownCurrent decline from peak | -6.75% | -11.95% | +5.20% |
Average DrawdownAverage peak-to-trough decline | -9.25% | -6.63% | -2.62% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.16% | 5.75% | -1.59% |
Volatility
PVFAX vs. PGTYX - Volatility Comparison
The current volatility for Paradigm Value Fund (PVFAX) is 6.85%, while Putnam Global Technology Fund (PGTYX) has a volatility of 10.47%. This indicates that PVFAX experiences smaller price fluctuations and is considered to be less risky than PGTYX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PVFAX | PGTYX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.85% | 10.47% | -3.62% |
Volatility (6M)Calculated over the trailing 6-month period | 16.13% | 23.04% | -6.91% |
Volatility (1Y)Calculated over the trailing 1-year period | 21.63% | 26.86% | -5.23% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 22.74% | 25.89% | -3.15% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 23.07% | 24.54% | -1.47% |
PVFAX vs. PGTYX - Expense Ratio Comparison
PVFAX has a 1.50% expense ratio, which is higher than PGTYX's 0.62% expense ratio.
Dividends
PVFAX vs. PGTYX - Dividend Comparison
PVFAX's dividend yield for the trailing twelve months is around 16.82%, more than PGTYX's 8.53% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PGTYX Putnam Global Technology Fund | 8.53% | 10.83% | 6.40% | 0.57% | 1.71% | 21.15% | 13.60% | 2.63% | 9.44% | 6.75% | 1.01% | 4.56% |
PVFAX Paradigm Value Fund | 16.82% | 20.66% | 13.65% | 6.48% | 8.70% | 2.67% | 2.08% | 5.01% | 14.18% | 12.17% | 4.92% | 14.01% |
Frequently Asked Questions
PVFAX and PGTYX have a correlation of 0.64, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
PGTYX has higher volatility (10.47%) compared to PVFAX (6.85%). In terms of maximum drawdown, PVFAX dropped -54.40% vs PGTYX's -42.09%.
PVFAX currently has the higher Sharpe Ratio (1.66 vs 1.44), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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