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LRGC vs PGRO

AB US Large Cap Strategic Equities ETF

LRGCANYSE Arca

Putnam Focused Large Cap Growth ETF

PGROBNYSE Arca

Overlap

Expense ratio

LRGC −0.10pt a year

LRGC0.39%PGRO0.49%

Avg volume · 30D

PGRO 1.5×the volume

LRGC34.1KPGRO50K

3Y return · a year

PGRO +0.8pt

LRGC+21.5%PGRO+22.3%

LRGC vs PGRO Performance

Oct 31, 2025 – Oct 30, 2026

+9.5%LRGC−0.9%PGRO

Oct 31, 2025 to Oct 30, 2026. LRGC +9.5%. PGRO −0.9%. Use the arrow keys to read each point.−15%−10%−5%5%15%Oct 2025Apr 2026Oct 2026
Expense ratio
LRGC 0.39%, better
PGRO 0.49%
Fund size
LRGC $1.37B
PGRO $210M
1Y total return
LRGC +9.5%, better
PGRO −0.9%
Yield (12M)
LRGC 0.53%, better
PGRO 0.02%
Holdings
LRGC 72
PGRO 40
Avg volume (30D)
LRGC 34.1K sh
PGRO 50K sh, better
NAV per share
LRGC $85.00
PGRO $45.50
52W range

ETF.net Grade

LRGC: Cost 82, Risk 90, Mission 79, Tradability 75, Holdings 77, Durability 78. PGRO: Cost 62, Risk 45, Mission not scored, Tradability 75, Holdings 50, Durability 74.
Pillar letters and Scores for LRGC, PGRO, with each pillar’s weight
PillarLRGCPGRO
Cost30% weightA82HigherB62
Mission25% weightA79Not scored
Risk15% weightA90HigherC45
Tradability15% weightA75A75
Holdings10% weightA77HigherC50
Durability5% weightA78HigherA74

Rank among US Active Growth funds

How we build Categories ›
Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

Same Category. LRGC and PGRO are both graded against the same 90 US Active Growth funds, so their Grades compare head to head.

US Active Growth⁠

Category · 90 funds
See all 90 ›

LRGC ranks 3rd and PGRO 24th of 90 funds in the US Active Growth Category.

  1. Rank 1AJUSAJPMorgan U.S. Research Enhanced Large Cap ETFScore 86
  2. Rank 2AGUSEGoldman Sachs Enhanced U.S. Equity ETFScore 84
  3. Rank 3ALRGCAB US Large Cap Strategic Equities ETFScore 81
  4. Rank 4AFELGFidelity Enhanced Large Cap Growth ETFScore 80
  5. Rank 24BLRGGNomura Focused Large Growth ETFScore 60
  6. Rank 24BPGROPutnam Focused Large Cap Growth ETFScore 60
  7. Rank 24BQDVOAmplify CWP Growth & Income ETFScore 60

Our read on each fund

ETF.net Research

LRGCAAB US Large Cap Strategic Equities ETF

PGROBPutnam Focused Large Cap Growth ETF

In short

LRGC AB's stock pickers in an ETF wrapper: roughly 70 large-cap US names picked with fundamental research plus quant screens, measured against the S&P 500. Active conviction, priced under the typical active peer.

PGRO One of Putnam's first four ETFs back in 2021, PGRO runs a deliberately concentrated book of US large-cap growth names against the Russell 1000 Growth. Stock picking, not factor renting.

Stated mandate

LRGC The Fund seeks long-term growth of capital. It is actively managed and normally invests at least 80% of net assets in equities of large-capitalization U.S. companies.

PGRO The fund seeks capital appreciation by investing primarily in large U.S. common stocks selected for growth characteristics.

Why people hold it

  • LRGC Roughly 70 holdings against a 500-stock yardstick, with quality and value screens doing the filtering. Each name actually carries weight.
  • 0.39% a year sits below the median fee in its active large-cap group, so the manager isn't digging out of a deep cost hole.
  • One of the stronger implementations among the actively managed US large-cap funds we track, with a plain mandate: at least 80% of net assets in large-cap US equities.
  • Launched in 2023 on one of AB's core US equity strategies, with Jane Street signed on as lead market maker from day one.prnewswire.com
  • PGRO 0.49% net of a waiver through December 31, 2026 (0.50% gross), below the category median, though enhanced-index rivals FELG and JUSA charge 0.18%.
  • Conviction is the design: top-down themes paired with bottom-up research, built to carry stock-specific risk and dial down factor bets.franklintempleton.com
  • Live since May 2021 as part of Putnam's original ETF lineup, now on Franklin Templeton's platform, and it stands among the stronger builds in a crowded active large-growth field.etfexpress.com

Worth knowing

  • LRGC At 0.39%, it costs more than cheaper enhanced-index rivals in the same group, such as JUSA at 0.12% and GUSE at 0.30%.
  • Outcomes ride on the team's judgment, not an index rulebook, and about 70 positions concentrate those calls.
  • It trades lightly next to the big index names, so spreads can run wider, especially in fast markets.
  • PGRO Non-diversified and tightly held: a few dozen names, with a handful of mega-caps carrying real weight, so one company's stumble lands harder than in a broad index fund.franklintempleton.com
  • A smaller fund that trades less actively than the index giants in large-cap growth, so bid-ask spreads can run wider at the screen.
  • Capital appreciation is the stated goal and payouts come only once or twice a year, so this is not built as an income sleeve.

Full LRGC profile⁠

Full PGRO profile⁠

LRGC vs PGRO Holdings

How we measure overlap

Each holding counts at its smaller weight in the two funds, summed over the full Holdings. Sector, country and asset class use the same rule on each fund’s split. Cash, FX and derivative lines stay out of the counts. Two bond funds get no overlap figure.

LRGC vs PGRO Cost

Overpaying PGRO vs LRGC

$1,894

On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.

  • LRGC 0.39%

    $7,898

  • PGRO 0.49%

    $9,792

$10,000
30 years

Cost over time

  • LRGC 0.39%
  • PGRO 0.49%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$2K$4K$6K$8K$10K051015202530PGRO $9,792LRGC $7,898

Year by year

YearLRGCPGROOverpaying
10$705$883$178
20$2,725$3,394$669
30$7,898$9,792$1,894

Expense ratio

  • 0.39%LRGC, cheaper
  • 0.49%PGRO
  • Middle half of US Active Growth funds
  • Median 0.55%

LRGC 14th cheapest of 90 funds

PGRO 30th cheapest of 90 funds

LRGC vs PGRO Dividends

Last 12 months to Oct 30, 2026
Yield (12M)
LRGC 0.53%, better
PGRO 0.02%
Payout (12M)
LRGC $0.45
PGRO $0.0094
Last payment
LRGC $0.45
PGRO $0.0094
Ex-dividend
LRGC Dec 17, 2025
PGRO Dec 19, 2025
Paid on
LRGC Dec 18, 2025
PGRO Dec 23, 2025
Frequency
LRGC Annual
PGRO Annual

Distribution history

Per share, 2022 to 2026, same scale for both

LRGCAnnual · 3 paymentsAll LRGC payments⁠
One bar per payment. 3 payments from 2022 to 2026 YTD. Dec 8, 2023 $0.09; Dec 17, 2024 $0.31; Dec 17, 2025 $0.45. Use the arrow keys to read each point.$0$0.5020232026YTD
PGROAnnual · 4 paymentsAll PGRO payments⁠
One bar per payment. 4 payments from 2022 to 2026 YTD. Dec 6, 2022 $0.02; Dec 6, 2023 $0.05; Dec 5, 2024 $0.03; Dec 19, 2025 $0.0094. Use the arrow keys to read each point.$0$0.5020232026YTD

LRGC vs PGRO Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years
LRGC 12.7%, betterPGRO 17.5%
Return per unit of riskSharpe ratio, 3 years
LRGC 1.26, betterPGRO 0.99
Worst fallMax drawdown, 5 years
LRGC −19.4%since Sep 2023PGRO −34.7%
Market sensitivityBeta, 5 years
LRGC 1.00PGRO 1.17

Popular comparisons

  • LRGCAvsJUSAA

    AB US Large Cap Strategic Equities ETF · JPMorgan U.S. Research Enhanced Large Cap ETF

    Expense ratio
    0.39% · 0.18%
    Category
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  • PGROBvsJUSAA

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  • LRGCAvsGUSEA

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    Expense ratio
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  • LRGCAvsFELGA

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    Expense ratio
    0.39% · 0.18%
    Category
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  • PGROBvsFELGA

    Putnam Focused Large Cap Growth ETF · Fidelity Enhanced Large Cap Growth ETF

    Expense ratio
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    Category
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