SWHFX vs. PGHAX
SWHFX (Schwab Health Care Fund™) and PGHAX (Putnam Global Health Care Fund) are both Health & Biotech Equities funds. Over the past 5 years, SWHFX returned 3.29%/yr vs 6.90%/yr for PGHAX. Their correlation of 0.94 means they have usually moved in the same direction. SWHFX charges 0.80%/yr vs 0.72%/yr for PGHAX.
Performance
SWHFX vs. PGHAX - Performance Comparison
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Returns By Period
In the year-to-date period, SWHFX achieves a 5.02% return, which is significantly higher than PGHAX's 4.47% return.
SWHFX
- 1D
- -1.36%
- 1M
- -0.33%
- 6M
- 3.12%
- YTD
- 5.02%
- 1Y
- 17.24%
- 3Y*
- 5.89%
- 5Y*
- 3.29%
- 10Y*
- 7.70%
- ALL TIME*
- 8.71%
PGHAX
- 1D
- -1.29%
- 1M
- -2.83%
- 6M
- 3.64%
- YTD
- 4.47%
- 1Y
- 24.95%
- 3Y*
- 9.46%
- 5Y*
- 6.90%
- 10Y*
- —
- ALL TIME*
- 9.49%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $0.00 | $0.00 | $0.00 |
SWHFX vs. PGHAX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
SWHFX Schwab Health Care Fund™ | 5.02% | 9.81% | 0.10% | 0.73% | -4.66% | 23.36% | 10.43% |
PGHAX Putnam Global Health Care Fund | 4.47% | 15.58% | 1.69% | 9.48% | -4.39% | 19.99% | 13.35% |
Correlation
The correlation between SWHFX and PGHAX is 0.96 - they have historically moved very closely together. At this level, their price movements offset little of one another.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.96 |
Correlation (3Y) Balances recent behavior with more history. | 0.95 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.95 |
Correlation (All Time) Calculated using the full available price history since Jun 1, 2020 | 0.94 |
The correlation between SWHFX and PGHAX has been stable across timeframes, ranging from 0.94 to 0.96 - a consistent structural relationship.
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Return for Risk
SWHFX vs. PGHAX — Risk / Return Rank
SWHFX
PGHAX
SWHFX vs. PGHAX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Schwab Health Care Fund™ (SWHFX) and Putnam Global Health Care Fund (PGHAX). 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.
| SWHFX | PGHAX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.68 | ||
| Sortino ratioReturn per unit of downside risk | -1.10 | ||
| Omega ratioGain probability vs. loss probability | 1.17 | 1.27 | -0.10 |
| Calmar ratioReturn relative to maximum drawdown | 1.09 | 2.47 | -1.39 |
| Martin ratioReturn relative to average drawdown | 2.32 | 6.05 | -3.74 |
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Drawdowns
SWHFX vs. PGHAX - Drawdown Comparison
The maximum SWHFX drawdown since its inception was -43.10%, which is greater than PGHAX's maximum drawdown of -20.52%. Use the drawdown chart below to compare losses from any high point for SWHFX and PGHAX.
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Drawdown Indicators
| SWHFX | PGHAX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -43.10% | -20.52% | -22.58% |
Max Drawdown (1Y)Largest decline over 1 year | -13.74% | -9.68% | -4.06% |
Max Drawdown (3Y)Largest decline over 3 years | -19.35% | -20.52% | +1.17% |
Max Drawdown (5Y)Largest decline over 5 years | -19.35% | -20.52% | +1.17% |
Max Drawdown (10Y)Largest decline over 10 years | -27.28% | — | — |
Current DrawdownCurrent decline from peak | -2.62% | -3.02% | +0.40% |
Average DrawdownAverage peak-to-trough decline | -8.15% | -5.59% | -2.56% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.45% | 3.95% | +2.50% |
Volatility
SWHFX vs. PGHAX - Volatility Comparison
Schwab Health Care Fund™ (SWHFX) and Putnam Global Health Care Fund (PGHAX) have volatilities of 5.79% and 5.61%, 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.
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Volatility by Period
| SWHFX | PGHAX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.79% | 5.61% | +0.18% |
Volatility (6M)Calculated over the trailing 6-month period | 11.88% | 11.64% | +0.24% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.74% | 15.20% | +1.54% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.97% | 14.71% | +0.26% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.05% | 14.55% | +1.50% |
SWHFX vs. PGHAX - Expense Ratio Comparison
SWHFX has a 0.80% expense ratio, which is higher than PGHAX's 0.72% expense ratio.
Dividends
SWHFX vs. PGHAX - Dividend Comparison
SWHFX has not paid dividends to shareholders, while PGHAX's dividend yield for the trailing twelve months is around 1.78%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PGHAX Putnam Global Health Care Fund | 1.78% | 1.86% | 4.71% | 5.33% | 7.48% | 11.17% | 8.93% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SWHFX Schwab Health Care Fund™ | 0.00% | 0.00% | 9.49% | 3.60% | 4.18% | 12.52% | 11.47% | 4.56% | 10.02% | 7.32% | 2.63% | 16.31% |
Frequently Asked Questions
With a correlation of 0.96, SWHFX and PGHAX move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
SWHFX has higher volatility (5.79%) compared to PGHAX (5.61%). In terms of maximum drawdown, SWHFX dropped -43.10% vs PGHAX's -20.52%.
PGHAX currently has the higher Sharpe Ratio (1.58 vs 0.89), 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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