Putnam Focused Large Cap Growth ETF (PGRO) Performance
PGRO total return
Distributions reinvested · as of Oct 23, 2026- YTD
- +3.3% since Dec 31, 2025
- 1 year
- +3.6% total return
- 5 years
- +10.3% a year
- Since first price
- +12.0% a year since 2021
PGRO trailing returns vs SPY, QQQ, AGG
| Period | PGRO total return | Price only | S&P 500 (SPY) | Nasdaq-100 (QQQ) | U.S. bonds (AGG) |
|---|---|---|---|---|---|
| 1 month | −3.8% | −3.8% | −1.0% | −5.0% | +0.9% |
| 3 months | +1.8% | +1.8% | +3.2% | +1.9% | −0.4% |
| 6 months | +2.1% | +2.1% | +7.8% | +8.4% | −1.5% |
| YTD | +3.3% | +3.3% | +12.3% | +15.1% | −1.0% |
| 1 year | +3.6% | +3.6% | +14.4% | +15.9% | −1.1% |
| 3 years | +84.3%+22.6%/yr | +83.7% | +87.4%+23.3%/yr | +101.4%+26.3%/yr | +16.6%+5.2%/yr |
| 5 years | +63.4%+10.3%/yr | +62.7% | +79.3%+12.4%/yr | +94.0%+14.2%/yr | −0.8%−0.2%/yr |
| Since inceptionMay 26, 2021 | +84.9%+12.0%/yr | +84.2% | — | — | — |
Total return from adjusted closes (distributions reinvested, before tax). Periods of 3 years or more are also shown annualized. Price only excludes distributions.
Growth of $10,000: PGRO vs SPY
From May 26, 2021: PGRO grew to $18,492, SPY to $19,515.
Year-end values with distributions reinvested, no taxes or trading costs. Start: first common trading day of both funds.
PGRO returns by calendar year
3 of 4 full years positive. Best 2023 (+45.2%), worst 2022 (−31.5%). 2026 is year to date.
PGRO annual returns table
| Year | PGRO | Largest drop | SPY | QQQ | AGG |
|---|---|---|---|---|---|
| 2026YTD | +3.3% | −13.3% | +12.3% | +15.1% | −1.0% |
| 2025 | +15.1% | −23.3% | +17.7% | +20.8% | +7.2% |
| 2024 | +34.0% | −14.3% | +24.9% | +25.6% | +1.3% |
| 2023 | +45.2% | −10.5% | +26.2% | +54.9% | +5.7% |
| 2022 | −31.5% | −33.4% | −18.2% | −32.6% | −13.0% |
Largest drop = deepest fall from a high within that calendar year.
Calendar-year return vs largest drop within the year
Most years include a sizable fall at some point even when the year ends higher.
PGRO largest drawdowns
Now 6.8% below the high| Peak | Decline | Bottom | Recovered | Fall | Underwater |
|---|---|---|---|---|---|
| Nov 19, 2021 | −34.7% | Oct 14, 2022 | Jan 19, 2024 | 11 months | 2.2 years |
| Dec 16, 2024 | −23.3% | Apr 8, 2025 | Jun 26, 2025 | 4 months | 6 months |
| Oct 29, 2025 | −16.3% | Mar 30, 2026 | May 6, 2026 | 5 months | 6 months |
| Jul 10, 2024 | −14.3% | Aug 5, 2024 | Oct 22, 2024 | 26 days | 3 months |
| Jun 1, 2026 | −11.1% | Jul 29, 2026 | Oct 6, 2026 | 58 days | 4 months |
Declines from a closing high (distributions reinvested) of 10% or more. Underwater = time from the peak until the old high was regained.
PGRO risk statistics
| Statistic | 3 years | 5 years | Since 2021 |
|---|---|---|---|
| Annualized return | +24.4% | +12.3% | +13.0% |
| Volatility (annualized) | 17.0% | 19.7% | 19.6% |
| Sharpe ratio | 1.12 | 0.51 | 0.56 |
| Sortino ratio | 2.18 | 0.80 | 0.87 |
| Best month | +13.3% | +13.3% | +13.3% |
| Worst month | −8.9% | −12.3% | −12.3% |
| Best 12 months | +44.4% | +50.7% | +50.7% |
| Worst 12 months | +5.9% | −31.5% | −31.5% |
| Positive months | 64% | 58% | 59% |
| Beta vs S&P 500 | 1.23 | 1.16 | — |
| Correlation with S&P 500 | 0.90 | 0.92 | — |
From monthly total returns. Sharpe and Sortino use 1–3 month T-bills (BIL) as the risk-free rate, so they need history from 2007 on.
PGRO rolling returns
| Holding period | Periods | Worst | Median | Best | Positive |
|---|---|---|---|---|---|
| 1-year | 54 | −31.5% | +17.3% | +50.7% | 80% |
| 3-year (a year) | 30 | +6.7% | +20.9% | +30.8% | 100% |
| 5-year (a year) | 6 | +9.9% | +11.3% | +14.4% | 100% |
Every holding period starting at a month-end since 2021. Returns for 3 years and longer are annualized.
PGRO performance overview
Putnam Focused Large Cap Growth ETF (PGRO) returned +3.6% over the past year and +10.3% a year over five years, with distributions reinvested. Since its first recorded price in 2021 it has returned +12.0% a year, turning $10,000 into about $18,492. Over the same year S&P 500 (SPY) returned +14.4%.
The deepest decline was −34.7%, from Nov 19, 2021 to Oct 14, 2022, and it took 1.3 years to get back to the old high. PGRO finished 3 of its 4 full calendar years with a gain; the best year was 2023 (+45.2%) and the worst 2022 (−31.5%). Volatility has been 19.6% a year.
Related: PGRO chart, PGRO holdings, PGRO dividends, PGRO valuation. See the PGRO overview for the latest quote and fund facts.
PGRO performance FAQ
What is the PGRO return over the past year?
PGRO returned +3.6% over the 12 months to October 23, 2026, including reinvested distributions. On price alone it rose 3.6%.
What is the average annual return of PGRO?
PGRO has returned +10.3% a year over 5 years, +12.0% a year since May 26, 2021 (total return, distributions reinvested).
How much would $10,000 invested in PGRO be worth?
$10,000 invested in PGRO at its first recorded close on May 26, 2021 would be worth about $18,492 on October 23, 2026 with distributions reinvested.
What was the worst year for PGRO?
The worst calendar year was 2022, with a total return of −31.5%. The best was 2023 at +45.2%.
What is the biggest drawdown of PGRO?
The largest peak-to-trough decline was −34.7% between November 19, 2021 and October 14, 2022. It recovered to the old high on January 19, 2024, 1.3 years after the bottom.
How volatile is PGRO?
Over the past 3 years PGRO had an annualized volatility of 17.0% and a Sharpe ratio of 1.12 (excess return over 1–3 month T-bills per unit of risk).