BGRO vs PGRO
iShares Large Cap Growth Active ETF vs Putnam Focused Large Cap Growth ETF
Which is better, BGRO or PGRO?
Nearly the same fund. PGRO costs less.
PGRO has a lower expense ratio. BGRO led over 1Y and the full window. The two have moved almost in lockstep, correlation 0.98. BGRO is less concentrated, with 48.7% 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 | BGRO | PGRO |
|---|---|---|
| Expense Ratio | 0.55% | 0.49%Best |
| AUM | $10M | $222M |
| Dividend Yield | 0.00% | 0.02% |
| Holdings | 38 | 43 |
| YTD Return | +12.63%Best | +7.57% |
| 1Y Return | +13.39%Best | +8.94% |
| 3Y Return (annualized) | - | +22.58% |
| 5Y Return (annualized) | - | +11.60% |
| Volatility (annualized) | 18.4% | 16.4%Best |
| Max Drawdown | -24.9% | -23.3%Best |
| $10,000 over 2.4 years | $14,149Best | $14,135 |
| Top 10 Weight | 48.7%Best | 58.8% |
| Fund Family | BlackRock, Inc. (US) | Putnam Investments |
| Category | Equity | Equity |
| Style | Large Cap Growth | Large Cap Growth |
| Inception | Jun 4, 2024 | May 25, 2021 |
Volatility and max drawdown, and the $10,000 over 2.4 years row, are measured over the window both funds cover: Jun 5, 2024 to Oct 14, 2026 (2.4 years).
BGRO 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 2.4 years both funds cover.
BGRO vs PGRO Performance
iShares Large Cap Growth Active ETF (BGRO) is an ETF from BlackRock, Inc. (US) and Putnam Focused Large Cap Growth ETF (PGRO) is an ETF from Putnam Investments. Over the past year BGRO returned +13.39% while PGRO returned +8.94%. Year to date, BGRO is up 12.63% versus a gain of 7.57% for PGRO.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
BGRO has been the more volatile fund, with annualized monthly volatility of 18.4% compared with 16.4% 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 -24.9% for BGRO and -23.3% 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 0.98. They move almost in lockstep, so holding both mostly duplicates the same exposure.
Fees and Cost Over Time
BGRO charges 0.55% per year while PGRO charges 0.49%. On a $10,000 position that is $55 vs $49 annually, a gap of $6 per year that compounds over a long holding period. On income, BGRO currently yields 0.00% against 0.02% for PGRO.
Holdings Overlap
61.2% of BGRO's money is in holdings PGRO also owns. 71.1% of PGRO's money is in holdings BGRO also owns.
Most of PGRO is already inside BGRO. Owning both mostly buys the same companies twice.
19 positions in common, counted across the 40 positions we hold weights for in BGRO and 40 in PGRO, against full books of 38 and 43.
What only one of them owns
Our book lists 21 positions for PGRO that do not appear in our book for BGRO (28.9% of the fund), and 20 for BGRO that do not appear in PGRO (36.2%).
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 BGRO | Weight in PGRO | Difference |
|---|---|---|---|
| NVDANvidia Corp | 13.22% | 14.08% | 0.86% |
| GOOGLAlphabet Inc | 4.62% | 9.39% | 4.77% |
| AAPLApple, Inc | 4.66% | 6.38% | 1.72% |
| MSFTMicrosoft Corp | 5.01% | 5.06% | 0.05% |
| MUMicron Technology, Inc. | 3.68% | 3.52% | 0.16% |
| METAMeta Platforms Inc | 2.37% | 4.68% | 2.31% |
| LLYEli Lilly & Co. | 2.88% | 3.90% | 1.02% |
| AMZNAmazon.Com Inc | 4.16% | 2.56% | 1.60% |
| SNOWSnowflake Inc | 4.06% | 2.03% | 2.03% |
| AVGOBroadcom Inc | 1.33% | 4.75% | 3.42% |
71.1% of PGRO is already inside BGRO.
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, BGRO or PGRO?
BGRO has an expense ratio of 0.55% while PGRO charges 0.49%. PGRO is the cheaper option, by $6 a year on a $10,000 investment.
Which performed better, BGRO or PGRO?
Over the past year BGRO returned +13.39% vs +8.94% for PGRO, so BGRO leads on 1-year performance. Over the longest common window we track (2 years), BGRO annualized +15.56% vs +15.51% for PGRO. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, BGRO or PGRO?
BGRO has been the more volatile fund at 18.4% annualized versus 16.4% for PGRO. Worst drawdown: BGRO -24.9% vs PGRO -23.3%.
Should I hold both BGRO and PGRO?
BGRO and PGRO have a monthly-return correlation of 0.98, 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 BGRO and PGRO?
71.1% of PGRO's money is in holdings BGRO also owns. 71.1% of PGRO's is in holdings BGRO also owns. They hold 19 positions in common, counted across the 40 positions we hold weights for in BGRO and 40 in PGRO.
Which pays a higher dividend, BGRO or PGRO?
BGRO yields 0.00% while PGRO yields 0.02%, so PGRO currently pays the higher dividend yield.
Is PGRO better than BGRO?
PGRO has a lower expense ratio. BGRO led over 1Y and the full window. The two have moved almost in lockstep, correlation 0.98. BGRO is less concentrated, with 48.7% 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.