MFSG vs PGRO
MFS Active Growth ETF vs Putnam Focused Large Cap Growth ETF
Which is better, MFSG or PGRO?
Each has led over a different period.
MFSG led over 1Y, PGRO over the full window. The two have moved almost in lockstep, correlation 0.97. MFSG is less concentrated, with 53.3% 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 | MFSG | PGRO |
|---|---|---|
| Expense Ratio | 0.49%Tie | 0.49%Tie |
| AUM | $406M | $222M |
| Dividend Yield | 0.06% | 0.02% |
| Holdings | 69 | 43 |
| YTD Return | +7.53% | +7.57%Best |
| 1Y Return | +9.18%Best | +8.94% |
| 3Y Return (annualized) | - | +22.58% |
| 5Y Return (annualized) | - | +11.60% |
| Volatility (annualized) | 17.5%Best | 17.8% |
| Max Drawdown | -23.2%Best | -23.3% |
| $10,000 over 1.9 years | $12,025 | $12,283Best |
| Top 10 Weight | 53.3%Best | 58.8% |
| Fund Family | MFS Investment Management | Putnam Investments |
| Category | Equity | Equity |
| Style | Large Cap Growth | Large Cap Growth |
| Inception | Dec 5, 2024 | May 25, 2021 |
Volatility and max drawdown, and the $10,000 over 1.9 years row, are measured over the window both funds cover: Dec 5, 2024 to Oct 14, 2026 (1.9 years).
MFSG 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 1.9 years both funds cover.
MFSG vs PGRO Performance
MFS Active Growth ETF (MFSG) is an ETF from MFS Investment Management and Putnam Focused Large Cap Growth ETF (PGRO) is an ETF from Putnam Investments. Over the past year MFSG returned +9.18% while PGRO returned +8.94%. Year to date, MFSG is up 7.53% versus a gain of 7.57% for PGRO.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
PGRO has been the more volatile fund, with annualized monthly volatility of 17.8% compared with 17.5% for MFSG. 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 -23.2% for MFSG 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 0.97. They move almost in lockstep, so holding both mostly duplicates the same exposure.
Fees and Cost Over Time
MFSG charges 0.49% per year while PGRO charges 0.49%. On a $10,000 position that is $49 vs $49 annually. On income, MFSG currently yields 0.06% against 0.02% for PGRO.
Holdings Overlap
65.0% of MFSG's money is in holdings PGRO also owns. 84.3% of PGRO's money is in holdings MFSG also owns.
Most of PGRO is already inside MFSG. Owning both mostly buys the same companies twice.
26 positions in common, counted across the 67 positions we hold weights for in MFSG and 40 in PGRO, against full books of 69 and 43.
What only one of them owns
Our book lists 14 positions for PGRO that do not appear in our book for MFSG (15.7% of the fund), and 37 for MFSG that do not appear in PGRO (30.6%).
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 MFSG | Weight in PGRO | Difference |
|---|---|---|---|
| NVDANvidia Corp | 13.98% | 14.08% | 0.10% |
| GOOGLAlphabet Inc | 11.60% | 9.39% | 2.21% |
| AAPLApple, Inc | 6.42% | 6.38% | 0.04% |
| MSFTMicrosoft Corp | 5.28% | 5.06% | 0.22% |
| AVGOBroadcom Inc | 3.20% | 4.75% | 1.55% |
| METAMeta Platforms Inc | 2.81% | 4.68% | 1.87% |
| VVisa Inc Class A | 3.36% | 2.67% | 0.69% |
| AMZNAmazon.Com Inc | 2.83% | 2.56% | 0.27% |
| LRCXLrcx Uw Equity | 1.50% | 3.67% | 2.17% |
| AMDAdvanced Micro Devices Inc | 1.33% | 3.36% | 2.03% |
84.3% of PGRO is already inside MFSG.
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, MFSG or PGRO?
MFSG has an expense ratio of 0.49% while PGRO charges 0.49%. At the precision these are quoted to, they cost the same.
Which performed better, MFSG or PGRO?
Over the past year MFSG returned +9.18% vs +8.94% for PGRO, so MFSG leads on 1-year performance. Over the longest common window we track (2 years), MFSG annualized +10.19% vs +11.43% for PGRO. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, MFSG or PGRO?
PGRO has been the more volatile fund at 17.8% annualized versus 17.5% for MFSG. Worst drawdown: MFSG -23.2% vs PGRO -23.3%.
Should I hold both MFSG and PGRO?
MFSG and PGRO have a monthly-return correlation of 0.97, 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 MFSG and PGRO?
84.3% of PGRO's money is in holdings MFSG also owns. 84.3% of PGRO's is in holdings MFSG also owns. They hold 26 positions in common, counted across the 67 positions we hold weights for in MFSG and 40 in PGRO.
Which pays a higher dividend, MFSG or PGRO?
MFSG yields 0.06% while PGRO yields 0.02%, so MFSG currently pays the higher dividend yield.
Is PGRO better than MFSG?
MFSG led over 1Y, PGRO over the full window. The two have moved almost in lockstep, correlation 0.97. MFSG is less concentrated, with 53.3% 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.