PGRO vs WINN
Putnam Focused Large Cap Growth ETF vs Harbor Long-Term Growers ETF
Which is better, PGRO or WINN?
Nearly the same fund. PGRO costs less.
PGRO has a lower expense ratio. WINN led over 1Y, 3Y and the full window. The two have moved almost in lockstep, correlation 0.98. WINN is less concentrated, with 57.5% 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 | PGRO | WINN |
|---|---|---|
| Expense Ratio | 0.49%Best | 0.57% |
| AUM | $222M | $1.3B |
| Dividend Yield | 0.02% | 0.00% |
| Holdings | 43 | 146 |
| YTD Return | +7.57% | +11.03%Best |
| 1Y Return | +8.94% | +11.42%Best |
| 3Y Return (annualized) | +22.58% | +22.98%Best |
| 5Y Return (annualized) | +11.60% | - |
| Volatility (annualized) | 19.5%Best | 20.7% |
| Max Drawdown | -27.8%Best | -32.1% |
| $10,000 over 4.7 years | $18,573 | $18,642Best |
| Top 10 Weight | 58.8% | 57.5%Best |
| Fund Family | Putnam Investments | Harbor Funds |
| Category | Equity | Equity |
| Style | Large Cap Growth | Large Cap Growth |
| Inception | May 25, 2021 | Feb 2, 2022 |
Volatility and max drawdown, and the $10,000 over 4.7 years row, are measured over the window both funds cover: Feb 3, 2022 to Oct 14, 2026 (4.7 years).
PGRO vs WINN 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 4.7 years both funds cover.
PGRO vs WINN Performance
Putnam Focused Large Cap Growth ETF (PGRO) is an ETF from Putnam Investments and Harbor Long-Term Growers ETF (WINN) is an ETF from Harbor Funds. Over the past year PGRO returned +8.94% while WINN returned +11.42%. Year to date, PGRO is up 7.57% versus a gain of 11.03% for WINN.
Over three years, PGRO compounded at +22.58% per year against +22.98% for WINN.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
WINN has been the more volatile fund, with annualized monthly volatility of 20.7% 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 -27.8% for PGRO and -32.1% for WINN. 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 WINN 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 WINN.
Holdings Overlap
88.4% of PGRO's money is in holdings WINN also owns. 74.4% of WINN's money is in holdings PGRO also owns.
Most of PGRO is already inside WINN. Owning both mostly buys the same companies twice.
29 positions in common, counted across the 40 positions we hold weights for in PGRO and 74 in WINN, against full books of 43 and 146.
What only one of them owns
Our book lists 41 positions for WINN that do not appear in our book for PGRO (24.1% of the fund), and 11 for PGRO that do not appear in WINN (11.6%).
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 PGRO | Weight in WINN | Difference |
|---|---|---|---|
| NVDANvidia Corp | 14.08% | 11.75% | 2.33% |
| GOOGLAlphabet Inc | 9.39% | 8.02% | 1.37% |
| AAPLApple, Inc | 6.38% | 7.51% | 1.13% |
| MSFTMicrosoft Corp | 5.06% | 6.21% | 1.15% |
| AVGOBroadcom Inc | 4.75% | 5.40% | 0.65% |
| METAMeta Platforms Inc | 4.68% | 3.89% | 0.79% |
| LLYEli Lilly & Co. | 3.90% | 3.61% | 0.29% |
| AMZNAmazon.Com Inc | 2.56% | 4.82% | 2.26% |
| AMDAdvanced Micro Devices Inc | 3.36% | 3.64% | 0.28% |
| MAMastercard Inc | 2.95% | 2.66% | 0.29% |
88.4% of PGRO is already inside WINN.
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 WINN?
PGRO has an expense ratio of 0.49% while WINN charges 0.57%. PGRO is the cheaper option, by $8 a year on a $10,000 investment.
Which performed better, PGRO or WINN?
Over the past year PGRO returned +8.94% vs +11.42% for WINN, so WINN leads on 1-year performance. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, PGRO or WINN?
WINN has been the more volatile fund at 20.7% annualized versus 19.5% for PGRO. Worst drawdown: PGRO -27.8% vs WINN -32.1%.
Should I hold both PGRO and WINN?
PGRO and WINN 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 WINN?
88.4% of PGRO's money is in holdings WINN also owns. 74.4% of WINN's is in holdings PGRO also owns. They hold 29 positions in common, counted across the 40 positions we hold weights for in PGRO and 74 in WINN.
Which pays a higher dividend, PGRO or WINN?
PGRO yields 0.02% while WINN yields 0.00%, so PGRO currently pays the higher dividend yield.
Is WINN better than PGRO?
PGRO has a lower expense ratio. WINN led over 1Y, 3Y and the full window. The two have moved almost in lockstep, correlation 0.98. WINN is less concentrated, with 57.5% 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.