Putnam Short Duration Bond Fund (PARYX) belongs to the Short-Term Bond category. Below you'll find alternative mutual funds from the same category, ranked by key criteria, plus funds that investors commonly compare with PARYX. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.
Cheapest Alternatives to PARYX
PARYX charges 0.37% annually. There are 22 mutual funds in the Short-Term Bond category with lower expense ratios, going as low as 0.02%.
| Symbol | Name | Expense Ratio | AUM | Inception | |
|---|---|---|---|---|---|
| Vanguard Institutional Short-Term Bond Fund | 0.02% | — | Jun 2015 | PARYX vs VISTX | |
| Vanguard Institutional Intermediate-Term Bond Fund | 0.02% | — | Jun 2015 | PARYX vs VIITX | |
| Schwab Short-Term Bond Index Fund | 0.06% | — | Feb 2017 | PARYX vs SWSBX | |
| TIAA-CREF Short-Term Bond Index Fund | 0.09% | — | Aug 2015 | PARYX vs TNSHX | |
| Vanguard Short-Term Bond Index Fund | 0.15% | — | Mar 1994 | PARYX vs VBISX |
Best Risk-Adjusted Alternatives to PARYX
PARYX has a PortfoliosLab risk / return rank of 83. There are 38 mutual funds in the Short-Term Bond category with higher risk-adjusted ranks, going as high as 99.
| Symbol | Name | Risk / Return Rank | AUM | Inception | |
|---|---|---|---|---|---|
| Diamond Hill Short Duration Securitized Bond Fund ... | 99 | — | Jul 2016 | PARYX vs DHEIX | |
| GuidepathConservative Income Fund | 99 | — | Apr 2018 | PARYX vs GPICX | |
| DFA Short-Duration Real Return Portfolio | 99 | — | Nov 2013 | PARYX vs DFAIX | |
| Diamond Hill Short Duration Securitized Bond Fund | 99 | — | Jul 2016 | PARYX vs DHEAX | |
| DoubleLine Low Duration Bond Fund | 97 | — | Sep 2011 | PARYX vs DBLSX |
Top Performing PARYX Alternatives (YTD)
PARYX is at 0.75% YTD. There are 68 mutual funds in the Short-Term Bond category with higher YTD returns, going as high as 9.96%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| GuidePath Absolute Return Allocation Fund | 9.96% | — | Apr 2011 | PARYX vs GPARX | |
| Leader Short Term High Yield Bond Fund | 3.89% | — | Jul 2005 | PARYX vs LCCMX | |
| DFA Short-Duration Real Return Portfolio | 2.57% | — | Nov 2013 | PARYX vs DFAIX | |
| Holbrook Income Fund | 2.12% | — | Jul 2016 | PARYX vs HOBEX | |
| BlackRock Allocation Target Shares Series A Portfo... | 1.98% | — | Sep 2015 | PARYX vs BATAX |
Lowest Volatility Alternatives to PARYX
PARYX has 1.82% 1-year volatility. There are 37 mutual funds in the Short-Term Bond category with lower 1-year volatility, going as low as 0.83%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| GuidepathConservative Income Fund | 0.83% | — | Apr 2018 | PARYX vs GPICX | |
| Diamond Hill Short Duration Securitized Bond Fund ... | 1.05% | — | Jul 2016 | PARYX vs DHEIX | |
| DFA Short-Term Extended Quality Portfolio | 1.07% | — | Mar 2009 | PARYX vs DFEQX | |
| Diamond Hill Short Duration Securitized Bond Fund | 1.11% | — | Jul 2016 | PARYX vs DHEAX | |
| DFA Short-Duration Real Return Portfolio | 1.11% | — | Nov 2013 | PARYX vs DFAIX |
Lowest Drawdown Alternatives to PARYX
PARYX has a 1-year max drawdown of -1.10%. There are 35 mutual funds in the Short-Term Bond category with shallower 1-year drawdowns, going as shallow as -0.25%.
| Symbol | Name | Max Drawdown 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| GuidepathConservative Income Fund | -0.25% | — | Apr 2018 | PARYX vs GPICX | |
| DFA Short-Duration Real Return Portfolio | -0.47% | — | Nov 2013 | PARYX vs DFAIX | |
| Diamond Hill Short Duration Securitized Bond Fund | -0.50% | — | Jul 2016 | PARYX vs DHEAX | |
| Diamond Hill Short Duration Securitized Bond Fund ... | -0.50% | — | Jul 2016 | PARYX vs DHEIX | |
| Holbrook Income Fund | -0.61% | — | Jul 2016 | PARYX vs HOBEX |
Other Mutual Funds from Putnam
The 10 most viewed Putnam mutual funds shown here include PEYAX, POGAX, PEQSX and span 5 categories.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|---|---|
| Putnam Large Cap Value Fund | Large Cap Value Equities | 75 | 8.55% | — | Jun 1977 | PARYX vs PEYAX | |
| Putnam Growth Opportunities Fund | Large Cap Growth Equities | 28 | 9.66% | — | Oct 1995 | PARYX vs POGAX | |
| Putnam Large Cap Value Fund Class R6 | Large Cap Value Equities | 76 | 8.70% | — | Jul 2012 | PARYX vs PEQSX | |
| Putnam Large Cap Value Fund | Large Cap Value Equities | 76 | 8.67% | — | Jan 1998 | PARYX vs PEIYX | |
| Putnam Global Technology Fund | Technology Equities | 90 | 41.18% | — | Dec 2008 | PARYX vs PGTYX | |
| Putnam Sustainable Leaders Fund | Large Cap Growth Equities | 26 | 4.59% | — | Aug 1990 | PARYX vs PNOPX | |
| Putnam Multi-Cap Core Fund | Large Cap Blend Equities | 59 | 8.64% | — | Sep 2010 | PARYX vs PMYYX | |
| Putnam Large Cap Growth Y | Large Cap Growth Equities | 28 | 9.77% | — | Aug 1999 | PARYX vs PGOYX | |
| Putnam Ultra Short Duration Income Fund | Ultrashort Bond | 98 | 1.43% | — | Oct 2011 | PARYX vs PSDYX | |
| Putnam Research Fund | Large Cap Blend Equities | 86 | 13.70% | — | Oct 1995 | PARYX vs PNRAX |
Often Compared With PARYX
Investors most often compare PARYX with FTSM, PSHYX, SNSAX. These 9 comparison targets span 4 categories, based on PortfoliosLab usage data.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|---|---|
| First Trust Enhanced Short Maturity ETF | Ultrashort Bond | 99 | 1.48% | 6.42B | Aug 2014 | PARYX vs FTSM | |
| Pioneer Short Term Income Fund | Short-Term Bond | 56 | 0.89% | — | Jul 2004 | PARYX vs PSHYX | |
| SEI Asset Allocation Trust Defensive Strategy Fund | Short-Term Bond | 89 | 1.86% | — | Nov 2003 | PARYX vs SNSAX | |
| DFA Two-Year Fixed Income Portfolio | Short-Term Bond | 67 | 1.52% | — | Jun 1996 | PARYX vs DFCFX | |
| Sextant Short Term Bond Fund | Short-Term Bond | — | — | — | Sep 1995 | PARYX vs STBFX | |
| T. Rowe Price Short Duration Income Fund | Short-Term Bond | 97 | 1.30% | — | Dec 2020 | PARYX vs TSDLX | |
| Destinations Low Duration Fixed Income Fund | Short-Term Bond | 95 | 1.61% | — | Mar 2017 | PARYX vs DLDFX | |
| Vanguard Ultra-Short-Term Bond Fund Admiral Shares | Total Bond Market | 100 | 1.42% | — | Feb 2015 | PARYX vs VUSFX | |
| Putnam Small Cap Growth Fund | Small Cap Growth Equities | 26 | 17.19% | — | Dec 1997 | PARYX vs PNSAX |
Compare PARYX with Any Fund or Stock
Compare PARYX with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
Pair PARYX with funds that move differently
Putnam Short Duration Bond Fund alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to PARYX.
Explore PARYX Diversifiers