THQ vs. PGHAX
THQ (Abrdn Healthcare Opportunities Fund) and PGHAX (Putnam Global Health Care Fund) are both Health & Biotech Equities funds. Over the past 5 years, THQ returned 5.26%/yr vs 6.41%/yr for PGHAX. A 0.74 correlation means they provide meaningful diversification when combined. THQ charges 1.47%/yr vs 0.72%/yr for PGHAX.
Performance
THQ vs. PGHAX - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, THQ achieves a 4.47% return, which is significantly higher than PGHAX's -1.12% return.
THQ
- 1D
- 0.80%
- 1M
- 2.93%
- YTD
- 4.47%
- 6M
- 5.51%
- 1Y
- 19.51%
- 3Y*
- 10.70%
- 5Y*
- 5.26%
- 10Y*
- 10.24%
PGHAX
- 1D
- 1.18%
- 1M
- -0.26%
- YTD
- -1.12%
- 6M
- -1.50%
- 1Y
- 17.05%
- 3Y*
- 7.58%
- 5Y*
- 6.41%
- 10Y*
- —
THQ vs. PGHAX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
THQ Abrdn Healthcare Opportunities Fund | 4.47% | 13.88% | 15.51% | -1.62% | -17.53% | 33.39% | 14.94% |
PGHAX Putnam Global Health Care Fund | -1.12% | 15.58% | 1.69% | 9.48% | -4.39% | 19.99% | 13.35% |
Correlation
The correlation between THQ and PGHAX is 0.67, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.67 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.70 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.74 |
Correlation (All Time) Calculated using the full available price history since Jun 1, 2020 | 0.74 |
The correlation between THQ and PGHAX has been stable across timeframes, ranging from 0.67 to 0.74 - a consistent structural relationship.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
THQ vs. PGHAX — Risk / Return Rank
THQ
PGHAX
THQ vs. PGHAX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Abrdn Healthcare Opportunities Fund (THQ) 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.
| THQ | PGHAX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.14 | ||
| Sortino ratioReturn per unit of downside risk | -0.29 | ||
| Omega ratioGain probability vs. loss probability | 1.19 | 1.21 | -0.02 |
| Calmar ratioReturn relative to maximum drawdown | 1.14 | 1.81 | -0.67 |
| Martin ratioReturn relative to average drawdown | 3.09 | 4.47 | -1.37 |
Loading charts...
Drawdowns
THQ vs. PGHAX - Drawdown Comparison
The maximum THQ drawdown since its inception was -39.35%, which is greater than PGHAX's maximum drawdown of -20.52%. Use the drawdown chart below to compare losses from any high point for THQ and PGHAX.
Loading charts...
Drawdown Indicators
| THQ | PGHAX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -39.35% | -20.52% | -18.83% |
Max Drawdown (1Y)Largest decline over 1 year | -17.25% | -9.68% | -7.57% |
Max Drawdown (3Y)Largest decline over 3 years | -25.86% | -20.52% | -5.34% |
Max Drawdown (5Y)Largest decline over 5 years | -32.20% | -20.52% | -11.68% |
Max Drawdown (10Y)Largest decline over 10 years | -39.35% | — | — |
Current DrawdownCurrent decline from peak | -1.11% | -5.25% | +4.14% |
Average DrawdownAverage peak-to-trough decline | -8.61% | -5.64% | -2.97% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.33% | 3.92% | +2.41% |
Volatility
THQ vs. PGHAX - Volatility Comparison
Abrdn Healthcare Opportunities Fund (THQ) has a higher volatility of 5.51% compared to Putnam Global Health Care Fund (PGHAX) at 5.08%. This indicates that THQ's price experiences larger fluctuations and is considered to be riskier than PGHAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| THQ | PGHAX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.51% | 5.08% | +0.43% |
Volatility (6M)Calculated over the trailing 6-month period | 13.00% | 10.45% | +2.55% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.33% | 14.51% | +3.82% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.07% | 14.45% | +4.62% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.49% | 14.43% | +6.06% |
THQ vs. PGHAX - Expense Ratio Comparison
THQ has a 1.47% expense ratio, which is higher than PGHAX's 0.72% expense ratio.
Dividends
THQ vs. PGHAX - Dividend Comparison
THQ's dividend yield for the trailing twelve months is around 11.45%, more than PGHAX's 1.88% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PGHAX Putnam Global Health Care Fund | 1.88% | 1.86% | 4.71% | 5.33% | 7.48% | 11.17% | 8.93% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
THQ Abrdn Healthcare Opportunities Fund | 11.45% | 11.29% | 11.09% | 7.45% | 6.81% | 5.27% | 6.62% | 7.08% | 8.05% | 7.71% | 8.70% | 9.50% |
Frequently Asked Questions
THQ and PGHAX have a correlation of 0.67, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
THQ has higher volatility (5.51%) compared to PGHAX (5.08%). In terms of maximum drawdown, THQ dropped -39.35% vs PGHAX's -20.52%.
PGHAX currently has the higher Sharpe Ratio (1.21 vs 1.07), 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.
Find the right allocation for THQ and PGHAX
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer