PGRO vs TCHP
Putnam Focused Large Cap Growth ETF vs T. Rowe Price Blue Chip Growth ETF
Which is better, PGRO or TCHP?
Nearly the same fund. PGRO costs less.
PGRO has a lower expense ratio. PGRO led over 1Y, 3Y, 5Y and the full window. The two have moved almost in lockstep, correlation 0.98. PGRO is less concentrated, with 58.8% of the fund in its ten largest positions against 59.3%.
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 | TCHP |
|---|---|---|
| Expense Ratio | 0.49%Best | 0.57% |
| AUM | $222M | $2.2B |
| Dividend Yield | 0.02% | 0.00% |
| Holdings | 43 | 65 |
| YTD Return | +7.57%Best | +2.74% |
| 1Y Return | +8.94%Best | +5.10% |
| 3Y Return (annualized) | +22.58%Best | +21.81% |
| 5Y Return (annualized) | +11.60%Best | +9.18% |
| Volatility (annualized) | 19.5%Best | 20.1% |
| Max Drawdown | -34.7%Best | -42.3% |
| $10,000 over 5 years | $17,311Best | $15,514 |
| Top 10 Weight | 58.8%Best | 59.3% |
| Fund Family | Putnam Investments | T.Rowe Price |
| Category | Equity | Equity |
| Style | Large Cap Growth | Large Cap Growth |
| Inception | May 25, 2021 | Aug 4, 2020 |
Volatility and max drawdown are measured over the window both funds cover: May 26, 2021 to Oct 14, 2026 (5.4 years).
PGRO vs TCHP 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 5.4 years both funds cover.
PGRO vs TCHP Performance
Putnam Focused Large Cap Growth ETF (PGRO) is an ETF from Putnam Investments and T. Rowe Price Blue Chip Growth ETF (TCHP) is an ETF from T.Rowe Price. Over the past year PGRO returned +8.94% while TCHP returned +5.10%. Year to date, PGRO is up 7.57% versus a gain of 2.74% for TCHP.
Over three years, PGRO compounded at +22.58% per year against +21.81% for TCHP; over five years the annualized figures are +11.60% and +9.18% respectively.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
TCHP has been the more volatile fund, with annualized monthly volatility of 20.1% 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 -42.3% for TCHP. 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
PGRO charges 0.49% per year while TCHP charges 0.57%. On a $10,000 position that is $49 vs $57 annually, a gap of $8 per year that compounds over a long holding period. On income, PGRO currently yields 0.02% against 0.00% for TCHP.
Holdings Overlap
80.1% of PGRO's money is in holdings TCHP also owns. 69.6% of TCHP's money is in holdings PGRO also owns.
Most of PGRO is already inside TCHP. Owning both mostly buys the same companies twice.
23 positions in common, counted across the 40 positions we hold weights for in PGRO and 62 in TCHP, against full books of 43 and 65.
What only one of them owns
Our book lists 36 positions for TCHP that do not appear in our book for PGRO (27.4% of the fund), and 17 for PGRO that do not appear in TCHP (19.9%).
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 PGRO | Weight in TCHP | Difference |
|---|---|---|---|
| NVDANvidia Corp | 14.08% | 17.43% | 3.35% |
| GOOGLAlphabet Inc | 9.39% | 5.50% | 3.89% |
| AAPLApple, Inc | 6.38% | 4.94% | 1.44% |
| MSFTMicrosoft Corp | 5.06% | 5.92% | 0.86% |
| AVGOBroadcom Inc | 4.75% | 5.79% | 1.04% |
| METAMeta Platforms Inc | 4.68% | 3.53% | 1.15% |
| LLYEli Lilly & Co. | 3.90% | 3.05% | 0.85% |
| AMDAdvanced Micro Devices Inc | 3.36% | 2.92% | 0.44% |
| AMZNAmazon.Com Inc | 2.56% | 3.60% | 1.04% |
| LRCXLrcx Uw Equity | 3.67% | 1.73% | 1.94% |
80.1% of PGRO is already inside TCHP.
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, PGRO or TCHP?
PGRO has an expense ratio of 0.49% while TCHP charges 0.57%. PGRO is the cheaper option, by $8 a year on a $10,000 investment.
Which performed better, PGRO or TCHP?
Over the past year PGRO returned +8.94% vs +5.10% for TCHP, so PGRO leads on 1-year performance. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, PGRO or TCHP?
TCHP has been the more volatile fund at 20.1% annualized versus 19.5% for PGRO. Worst drawdown: PGRO -34.7% vs TCHP -42.3%.
Should I hold both PGRO and TCHP?
PGRO and TCHP 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 PGRO and TCHP?
80.1% of PGRO's money is in holdings TCHP also owns. 69.6% of TCHP's is in holdings PGRO also owns. They hold 23 positions in common, counted across the 40 positions we hold weights for in PGRO and 62 in TCHP.
Which pays a higher dividend, PGRO or TCHP?
PGRO yields 0.02% while TCHP yields 0.00%, so PGRO currently pays the higher dividend yield.
Is TCHP better than PGRO?
PGRO has a lower expense ratio. PGRO led over 1Y, 3Y, 5Y and the full window. The two have moved almost in lockstep, correlation 0.98. PGRO is less concentrated, with 58.8% of the fund in its ten largest positions against 59.3%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.