PGRO vs XOVR
Putnam Focused Large Cap Growth ETF vs ERShares Private-Public Crossover ETF
Which is better, PGRO or XOVR?
Each has led over a different period.
PGRO has a lower expense ratio. PGRO led over 1Y, 5Y and the full window, XOVR over 3Y.
MarketXLS is not an investment adviser. This comparison is generated automatically from market data and is for information only. A Best mark means the better reading on that one measure, not a recommendation to buy.
Side-by-Side Comparison
| Metric | PGRO | XOVR |
|---|---|---|
| Expense Ratio | 0.49%Best | 1.81% |
| AUM | $192M | $1.4B |
| Dividend Yield | 0.02% | 0.00% |
| Holdings | 120 | 67 |
| YTD Return | +1.77%Best | +1.50% |
| 1Y Return | -0.06%Best | -2.78% |
| 3Y Return (annualized) | +18.98% | +20.19%Best |
| 5Y Return (annualized) | +9.34%Best | +4.14% |
| Volatility (annualized) | 19.5%Best | 24.9% |
| Max Drawdown | -34.7%Best | -49.4% |
| $10,000 over 5 years | $15,628Best | $12,249 |
| Fund Family | Putnam Investments | ERShares |
| Category | Equity | Equity |
| Style | Large Cap Growth | Large Cap Growth |
| Inception | May 25, 2021 | Nov 7, 2017 |
Not shown on this pair: Top 10 Weight.
Volatility and max drawdown are measured over the window both funds cover: May 26, 2021 to Nov 11, 2026 (5.5 years).
PGRO vs XOVR growth
Month-end closes. Both lines start at 0% in the first month shown, so the gap between them is the difference in growth across that window. The full view covers the 5.5 years both funds cover.
PGRO vs XOVR Performance
Putnam Focused Large Cap Growth ETF (PGRO) is an ETF from Putnam Investments and ERShares Private-Public Crossover ETF (XOVR) is an ETF from ERShares. Over the past year PGRO returned -0.06% while XOVR returned -2.78%. Year to date, PGRO is up 1.77% versus a gain of 1.50% for XOVR.
Over three years, PGRO compounded at +18.98% per year against +20.19% for XOVR; over five years the annualized figures are +9.34% and +4.14% respectively. Across the full 6-year window we track, PGRO has the edge at +11.53% annualized vs +5.82%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
XOVR has been the more volatile fund, with annualized monthly volatility of 24.9% compared with 19.5% for PGRO. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -34.7% for PGRO and -49.4% for XOVR. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.88. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
PGRO charges 0.49% per year while XOVR charges 1.81%. On a $10,000 position that is $49 vs $181 annually, a gap of $132 per year that compounds over a long holding period. On income, PGRO currently yields 0.02% against 0.00% for XOVR.
Holdings Overlap
At least 30.9% of PGRO's money is in holdings XOVR also owns.
Stated as a floor: for XOVR, our book for it covers 78.7% of that fund, so a holding it does not list is one we cannot count as shared. The real figure is this or higher.
The two portfolios partly overlap.
5 positions in common, counted across the 40 positions we hold weights for in PGRO and 29 in XOVR, against full books of 120 and 67.
30.9% of PGRO is already inside XOVR.
You probably hold more than these two. Add the rest and see how much of the whole book is the same companies twice.
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Frequently Asked Questions
Which is cheaper, PGRO or XOVR?
PGRO has an expense ratio of 0.49% while XOVR charges 1.81%. PGRO is the cheaper option, by $132 a year on a $10,000 investment.
Which performed better, PGRO or XOVR?
Over the past year PGRO returned -0.06% vs -2.78% for XOVR, so PGRO leads on 1-year performance. Over the longest common window we track (6 years), PGRO annualized +11.53% vs +5.82% for XOVR. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, PGRO or XOVR?
XOVR has been the more volatile fund at 24.9% annualized versus 19.5% for PGRO. Worst drawdown: PGRO -34.7% vs XOVR -49.4%.
Should I hold both PGRO and XOVR?
PGRO and XOVR have a monthly-return correlation of 0.88, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
What is the holdings overlap between PGRO and XOVR?
At least 30.9% of PGRO's money is in holdings XOVR also owns. Our book for XOVR is partial, so the real figure is this or higher. They hold 5 positions in common, counted across the 40 positions we hold weights for in PGRO and 29 in XOVR.
Which pays a higher dividend, PGRO or XOVR?
PGRO yields 0.02% while XOVR yields 0.00%, so PGRO currently pays the higher dividend yield.
Is XOVR better than PGRO?
PGRO has a lower expense ratio. PGRO led over 1Y, 5Y and the full window, XOVR over 3Y. Which one suits a particular account depends on what it is for. This is information, not a recommendation.