- ISIN
- US7467296072
- Issuer
- Putnam
- Inception Date
- Jan 19, 2023
- Category
- Intermediate Core Bond
- Leveraged
- 1x (No leverage)
- Index Tracked
- No Index (Active)
- Distribution Policy
- Distributing
- Asset Class
- Bond
- Assets Under Management
- $7M
Share Price Chart
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Performance
PCRB Performance Chart
Putnam ESG Core Bond ETF - (PCRB) is down 0.5% since the beginning of the year. PCRB is currently trading at $46 per share.
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Returns By Period
Putnam ESG Core Bond ETF - (PCRB) has returned -0.48% so far this year and 3.52% over the past 12 months.
Putnam ESG Core Bond ETF -
- 1D
- 0.21%
- 1M
- 0.05%
- YTD
- -0.48%
- 6M
- -0.46%
- 1Y
- 3.52%
- 3Y*
- 4.11%
- 5Y*
- —
- 10Y*
- —
Benchmark (S&P 500 Index)
- 1D
- -0.37%
- 1M
- -0.01%
- YTD
- 9.16%
- 6M
- 8.64%
- 1Y
- 25.22%
- 3Y*
- 19.78%
- 5Y*
- 11.99%
- 10Y*
- 13.88%
PCRB Monthly Returns History
Based on dividend-adjusted daily data since Jan 20, 2023, PCRB's average daily return is +0.01%, while the average monthly return is +0.27%. At this rate, an investment would double in approximately 21.4 years.
Historically, 55% of months were positive and 45% were negative. The best month was Nov 2023 with a return of +4.5%, while the worst month was Sep 2023 at -2.6%. The longest winning streak lasted 5 consecutive months, and the longest losing streak was 6 months.
On a daily basis, PCRB closed higher 52% of trading days. The best single day was Dec 13, 2023 with a return of +1.2%, while the worst single day was Apr 10, 2024 at -1.1%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 0.14% | 1.75% | -1.54% | -0.19% | -0.05% | -0.56% | -0.48% | ||||||
| 2025 | 0.27% | 2.43% | 0.07% | 0.36% | -0.66% | 1.64% | -0.28% | 1.21% | 1.06% | 0.56% | 0.64% | -0.25% | 7.21% |
| 2024 | -0.39% | -1.21% | 1.18% | -2.44% | 1.77% | 0.95% | 2.37% | 1.52% | 1.25% | -2.53% | 1.19% | -1.61% | 1.91% |
| 2023 | 0.11% | -2.49% | 2.26% | 0.43% | -1.08% | -0.47% | -0.10% | -0.42% | -2.60% | -1.30% | 4.50% | 3.80% | 2.40% |
Benchmark Metrics
Putnam ESG Core Bond ETF - has an annualized alpha of 2.40%, beta of 0.05, and R2 of 0.02 versus S&P 500 Index. Calculated based on daily prices since January 20, 2023.
- This ETF participated in 34.68% of S&P 500 Index downside but only 18.52% of its upside - more exposed to losses than it benefited from rallies.
- Beta of 0.05 may look defensive, but with R2 of 0.02 this ETF is largely uncorrelated with S&P 500 Index - low beta reflects independence, not downside protection. See the Volatility section for a true picture of this ETF's risk.
- R2 of 0.02 means this ETF moves largely independently of S&P 500 Index - capture ratios reflect limited market correlation rather than active downside protection. Consider using a more representative benchmark.
- Alpha
- 2.40%
- Beta
- 0.05
- R²
- 0.02
- Upside Capture
- 18.52%
- Downside Capture
- 34.68%
Expense Ratio
PCRB has an expense ratio of 0.35%, placing it in the medium range.
Return for Risk
Risk / Return Rank
PCRB ranks 32 for risk / return — below 32% of ETFs on our site. The returns aren't fully compensating for the risk involved. This isn't necessarily a dealbreaker, but factor it into your decision — especially if you're risk-averse.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for Putnam ESG Core Bond ETF - (PCRB) and compare them to S&P 500 Index.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| PCRB | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.86 | ||
| Sortino ratioReturn per unit of downside risk | -0.97 | ||
| Omega ratioGain probability vs. loss probability | 1.20 | 1.37 | -0.16 |
| Calmar ratioReturn relative to maximum drawdown | 1.44 | 2.78 | -1.34 |
| Martin ratioReturn relative to average drawdown | 4.47 | 12.44 | -7.97 |
Dividends
Dividend History
Putnam ESG Core Bond ETF - provided a 9.81% dividend yield over the last twelve months, with an annual payout of $4.50 per share. The fund has been increasing its distributions for 2 consecutive years.
| Period | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
| Dividend | $4.50 | $2.12 | $2.10 | $1.80 |
Dividend yield | 9.81% | 4.30% | 4.38% | 3.65% |
Monthly Dividends
The table displays the monthly dividend distributions for Putnam ESG Core Bond ETF -. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.00 | $0.28 | $2.52 | $0.20 | $0.24 | $0.00 | $3.24 | ||||||
| 2025 | $0.17 | $0.17 | $0.17 | $0.17 | $0.17 | $0.18 | $0.17 | $0.19 | $0.16 | $0.20 | $0.17 | $0.20 | $2.12 |
| 2024 | $0.17 | $0.17 | $0.17 | $0.17 | $0.17 | $0.17 | $0.17 | $0.17 | $0.17 | $0.17 | $0.17 | $0.20 | $2.10 |
| 2023 | $0.15 | $0.15 | $0.15 | $0.15 | $0.16 | $0.16 | $0.16 | $0.17 | $0.17 | $0.37 | $1.80 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
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Worst Drawdowns
The table below displays the maximum drawdowns of the Putnam ESG Core Bond ETF -. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the Putnam ESG Core Bond ETF - was 7.20%, occurring on Oct 19, 2023. Recovery took 38 trading sessions.
The current Putnam ESG Core Bond ETF - drawdown is 2.34%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
2023 pullback2023 | -7.20%Oct 2023 | 8mo 18d | 1mo 25d | 10mo 13dFeb 2023 - Dec 2023 |
2025 pullback2025 | -4.73%Jan 2025 | 3mo 28d | 5mo 14d | 9mo 12dSep 2024 - Jun 2025 |
2024 pullback2024 | -3.48%Apr 2024 | 2mo 14d | 1mo 29d | 4mo 13dFeb 2024 - Jun 2024 |
2026 pullback2026 | -3.02%May 2026 | 2mo 18d | — | 3mo 23dMar 2026 - now |
2024 pullback2024 | -1.95%Jan 2024 | 27d | 8d | 1mo 5dDec 2023 - Feb 2024 |
Drawdown Indicators
| PCRB | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -7.20% | -56.78% | +49.58% |
Max Drawdown (1Y)Largest decline over 1 year | -3.02% | -9.10% | +6.08% |
Max Drawdown (3Y)Largest decline over 3 years | -5.85% | -18.90% | +13.05% |
Max Drawdown (5Y)Largest decline over 5 years | — | -25.43% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.92% | — |
Current DrawdownCurrent decline from peak | -2.34% | -1.80% | -0.54% |
Average DrawdownAverage peak-to-trough decline | -1.65% | -10.71% | +9.06% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.97% | 2.03% | -1.06% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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