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ETFs

Putnam Focused Large Cap Growth ETF

PGRO
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
May 25 2021
Expense Ratio
0.55%
Type
US Equities
Fund Owner
Putnam Investments
Volume (1m avg. daily)
$304,410
AUM
$37,007,775
Associated Index
None
Inverse/Leveraged
No
Passive/Active
Active
Fractionable on Composer
No
Prospectus
View

Top 10 Holdings

QQQ
Invesco Capital Management LLC - Invesco QQQ Trust Series 1
21.56%
MSFT
Microsoft Corporation
11.14%
AAPL
Apple Inc
10.30%
NVDA
NVIDIA Corp
4.85%
UNH
Unitedhealth Group Inc
4.07%
AMZN
Amazon.com Inc.
4.05%
GOOGL
Alphabet Inc - Ordinary Shares - Class A
3.46%
MA
Mastercard Incorporated - Ordinary Shares - Class A
3.37%
V
Visa Inc - Ordinary Shares - Class A
3.13%
CMG
Chipotle Mexican Grill
2.46%
Invest with PGRO

What is PGRO?

The fund invests mainly in common stocks of large U.S. companies, with a focus on growth stocks. Under normal circumstances, the fund invests at least 80% of the fund s net assets in companies of a size similar to those in the Russell 1000 Growth Index. The fund s investment manager, Putnam Investment Management, LLC (Putnam Management) may consider, among other factors, a company s valuation, financial strength, growth potential, competitive position in its industry, projected future earnings, cash flows and dividends when deciding whether to buy or sell investments.

ETFs related toPGRO

ETFs correlated to PGRO include IWY, IWF, VONG

PGRO
Putnam ETF Trust - Putnam Focused Large Cap Growth ETF
IWY
BlackRock Institutional Trust Company N.A. - iShares Russell Top 200 Growth ETF
IWF
BlackRock Institutional Trust Company N.A. - iShares Russell 1000 Growth ETF
VONG
Vanguard Group, Inc. - Vanguard Russell 1000 Growth Index ETF
SCHG
Schwab Strategic Trust - Schwab U.S. Large-Cap Growth ETF
MGK
Vanguard Group, Inc. - Vanguard Mega Cap Growth ETF
VUG
Vanguard Group, Inc. - Vanguard Growth ETF
ILCG
BlackRock Institutional Trust Company N.A. - iShares Morningstar Growth ETF
NUGO
NuShares ETF Trust - Nuveen Growth Opportunities ETF
TCHP
T. Rowe Price ExchangeTraded Funds Inc - T. Rowe Price Blue Chip Growth ETF
TMFC
Rbb Fund Inc - Motley Fool 100 Index ETF

What is ETF correlation?

Correlation is a measure of the strength of the relationship between two ETFs. It quantifies the degree to which prices of the two ETFs typically move together.

Here, correlation is measured over the past year with the Pearson correlation coefficient (Pearon’s r), which ranges from -1 to 1.

Using ETF correlations in portfolio and strategy construction

ETF correlations can help you create investing strategies and portfolios. Use them to:

  • •Build a diversified portfolio from uncorrelated or inversely correlated ETFs with the aim of minimizing portfolio risk.
  • •Compare correlated or related ETFs to find one with a lower expense ratio or higher trading volume.
  • •Create an investing strategy that hedges an ETF with an uncorrelated or inversely correlated ETF.

Automated Strategies
Related toPGRO

#OPUS-12

Opus-12

Category

Opus, Investing for the Long-Term

Risk Rating

Moderate

Create your own algorithmic trading strategy with PGRO using Composer

FAQ

PGRO is a US Equities ETF. The fund invests mainly in common stocks of large U.S. companies, with a focus on growth stocks. Under normal circumstances, the fund invests at least 80% of the fund s net assets in companies of a size similar to those in the Russell 1000 Growth Index. The fund s investment manager, Putnam Investment Management, LLC (Putnam Management) may consider, among other factors, a company s valuation, financial strength, growth potential, competitive position in its industry, projected future earnings, cash flows and dividends when deciding whether to buy or sell investments.

Yes, PGRO is actively managed. In an actively managed fund, the fund manager makes decisions about how funds are invested. A passively managed fund typically tries to track or follow a market index.

No, PGRO is not passively managed. It is actively managed. A passively managed fund typically tries to track or follow a market index. In an actively managed fund, the fund manager makes decisions about how funds are invested.

The 1-month return on PGRO is -0.0122%. This is the percent change in the value of PGRO over the most recent 1-month period. The 3-month return on PGRO is -0.0099%. This is the percent change in the value of PGRO over the most recent 3-month period.

The standard deviation of PGRO for the past year is 0.2047%. Standard deviation is the typical amount that the daily returns vary from the mean of the returns over the time period, standardized to a period of a year.

ETFs similar to PGRO include IWO, VTV, and IVW.

ETFs correlated to PGRO include IWY, IWF, and VONG.

ETFs that are inversely correlated to PGRO include SQQQ, QID, and PSQ.

Disclaimers

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We show information directly obtained from our data provider, Xignite. Data shown here is provided by Xignite, an unaffiliated third party. Composer believes the information shown here is reliable, but has not been verified and there is no guarantee that the information is accurate.

**

We show information based on calculations performed by Composer using data from our provider. Information provided here is based on calculations performed by Composer using data sourced from Xignite, an unaffiliated third party. Composer believes this information is reliable, but has not verified the data and there is no guarantee that the calculations are accurate.