ACGR vs PGRO
American Century Large Cap Growth ETF vs Putnam Focused Large Cap Growth ETF
Which is better, ACGR or PGRO?
Nearly the same fund. ACGR costs less.
ACGR has a lower expense ratio. ACGR led over 1Y, PGRO over 3Y, 5Y and the full window. The two have moved almost in lockstep, correlation 0.99. ACGR is less concentrated, with 52.4% of the fund in its ten largest positions against 58.8%.
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 | ACGR | PGRO |
|---|---|---|
| Expense Ratio | 0.39%Best | 0.49% |
| AUM | $11M | $222M |
| Dividend Yield | 0.10% | 0.02% |
| Holdings | 94 | 43 |
| YTD Return | +7.66%Best | +7.57% |
| 1Y Return | +9.05%Best | +8.94% |
| 3Y Return (annualized) | +19.56% | +22.58%Best |
| 5Y Return (annualized) | +11.15% | +11.60%Best |
| Volatility (annualized) | 19.2%Best | 19.6% |
| Max Drawdown | -34.5%Best | -34.7% |
| $10,000 over 5 years | $16,965 | $17,311Best |
| Top 10 Weight | 52.4%Best | 58.8% |
| Fund Family | American Century Investments | Putnam Investments |
| Category | Equity | Equity |
| Style | Large Cap Growth | Large Cap Growth |
| Inception | Jun 29, 2021 | May 25, 2021 |
Volatility and max drawdown are measured over the window both funds cover: Jul 1, 2021 to Oct 14, 2026 (5.3 years).
ACGR vs PGRO 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 5.3 years both funds cover.
ACGR vs PGRO Performance
American Century Large Cap Growth ETF (ACGR) is an ETF from American Century Investments and Putnam Focused Large Cap Growth ETF (PGRO) is an ETF from Putnam Investments. Over the past year ACGR returned +9.05% while PGRO returned +8.94%. Year to date, ACGR is up 7.66% versus a gain of 7.57% for PGRO.
Over three years, ACGR compounded at +19.56% per year against +22.58% for PGRO; over five years the annualized figures are +11.15% and +11.60% respectively.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
PGRO has been the more volatile fund, with annualized monthly volatility of 19.6% compared with 19.2% for ACGR. 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 -34.5% for ACGR and -34.7% for PGRO. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.99. They move almost in lockstep, so holding both mostly duplicates the same exposure.
Fees and Cost Over Time
ACGR charges 0.39% per year while PGRO charges 0.49%. On a $10,000 position that is $39 vs $49 annually, a gap of $10 per year that compounds over a long holding period. On income, ACGR currently yields 0.10% against 0.02% for PGRO.
Holdings Overlap
69.2% of ACGR's money is in holdings PGRO also owns. 83.9% of PGRO's money is in holdings ACGR also owns.
Most of PGRO is already inside ACGR. Owning both mostly buys the same companies twice.
26 positions in common, counted across the 93 positions we hold weights for in ACGR and 40 in PGRO, against full books of 94 and 43.
What only one of them owns
Our book lists 13 positions for PGRO that do not appear in our book for ACGR (15.1% of the fund), and 61 for ACGR that do not appear in PGRO (27.3%).
Some of those will be the same company recorded under a different code in one of the two books, so the real difference in what you would own is no larger than this and may be smaller. We do not name the individual positions here for that reason.
Top Shared Holdings
| Stock | Weight in ACGR | Weight in PGRO | Difference |
|---|---|---|---|
| NVDANvidia Corp | 13.38% | 14.08% | 0.70% |
| GOOGLAlphabet Inc | 11.90% | 9.39% | 2.51% |
| AVGOBroadcom Inc | 5.72% | 4.75% | 0.97% |
| AAPLApple, Inc | 3.61% | 6.38% | 2.77% |
| MSFTMicrosoft Corp | 4.90% | 5.06% | 0.16% |
| LLYEli Lilly & Co. | 2.97% | 3.90% | 0.93% |
| METAMeta Platforms Inc | 2.04% | 4.68% | 2.64% |
| MAMastercard Inc | 3.14% | 2.95% | 0.19% |
| LRCXLrcx Uw Equity | 2.29% | 3.67% | 1.38% |
| TSLATesla Inc | 2.46% | 2.84% | 0.38% |
83.9% of PGRO is already inside ACGR.
You probably hold more than these two. Add the rest and see how much of the whole book is the same companies twice.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, ACGR or PGRO?
ACGR has an expense ratio of 0.39% while PGRO charges 0.49%. ACGR is the cheaper option, by $10 a year on a $10,000 investment.
Which performed better, ACGR or PGRO?
Over the past year ACGR returned +9.05% vs +8.94% for PGRO, so ACGR leads on 1-year performance. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, ACGR or PGRO?
PGRO has been the more volatile fund at 19.6% annualized versus 19.2% for ACGR. Worst drawdown: ACGR -34.5% vs PGRO -34.7%.
Should I hold both ACGR and PGRO?
ACGR and PGRO have a monthly-return correlation of 0.99, so they move almost identically. What is left to separate them is the fee and the index each one tracks. This is information, not a recommendation.
What is the holdings overlap between ACGR and PGRO?
83.9% of PGRO's money is in holdings ACGR also owns. 83.9% of PGRO's is in holdings ACGR also owns. They hold 26 positions in common, counted across the 93 positions we hold weights for in ACGR and 40 in PGRO.
Which pays a higher dividend, ACGR or PGRO?
ACGR yields 0.10% while PGRO yields 0.02%, so ACGR currently pays the higher dividend yield.
Is PGRO better than ACGR?
ACGR has a lower expense ratio. ACGR led over 1Y, PGRO over 3Y, 5Y and the full window. The two have moved almost in lockstep, correlation 0.99. ACGR is less concentrated, with 52.4% of the fund in its ten largest positions against 58.8%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.