- ISIN
- US7467298888
- Issuer
- Putnam
- Inception Date
- Jan 19, 2023
- Category
- High Yield Bonds
- Leveraged
- 1x (No leverage)
- Index Tracked
- No Index (Active)
- Distribution Policy
- Distributing
- Asset Class
- Bond
- Assets Under Management
- $8M
Share Price Chart
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Performance
PHYD Performance Chart
Putnam ESG High Yield ETF - (PHYD) is up 2.3% since the beginning of the year. PHYD is currently trading at $51 per share.
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Returns By Period
Putnam ESG High Yield ETF - (PHYD) has returned 2.32% so far this year and 7.44% over the past 12 months.
Putnam ESG High Yield ETF -
- 1D
- 0.17%
- 1M
- -0.19%
- YTD
- 2.32%
- 6M
- 2.60%
- 1Y
- 7.44%
- 3Y*
- 8.72%
- 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%
PHYD Monthly Returns History
Based on dividend-adjusted daily data since Jan 20, 2023, PHYD's average daily return is +0.03%, while the average monthly return is +0.62%. At this rate, an investment would double in approximately 9.3 years.
Historically, 74% of months were positive and 26% were negative. The best month was Nov 2023 with a return of +4.7%, while the worst month was Feb 2023 at -1.6%. The longest winning streak lasted 10 consecutive months, and the longest losing streak was 2 months.
On a daily basis, PHYD closed higher 55% of trading days. The best single day was Apr 9, 2025 with a return of +2.6%, while the worst single day was Apr 10, 2025 at -1.3%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 0.57% | -0.24% | -0.68% | 3.04% | 0.44% | -0.79% | 2.32% | ||||||
| 2025 | 0.79% | 0.73% | -0.60% | 0.25% | 1.88% | 1.57% | 0.06% | 0.93% | 0.98% | 0.49% | 0.71% | 0.73% | 8.84% |
| 2024 | 0.10% | 0.20% | 1.16% | -1.05% | 1.40% | 0.77% | 1.58% | 1.95% | 0.63% | -0.68% | 1.55% | -0.43% | 7.35% |
| 2023 | 0.22% | -1.61% | 1.46% | 0.81% | -1.07% | 1.42% | 1.29% | 0.18% | -1.48% | -1.11% | 4.72% | 3.37% | 8.30% |
Benchmark Metrics
Putnam ESG High Yield ETF - has an annualized alpha of 3.55%, beta of 0.21, and R2 of 0.48 versus S&P 500 Index. Calculated based on daily prices since January 20, 2023.
- This ETF participates in less of S&P 500 Index's moves in both directions, but captures a larger share of gains (28.00%) than losses (21.26%) - typical of diversified or defensive assets.
- Beta of 0.21 may look defensive, but with R2 of 0.48 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 0.48 means the benchmark explains less than half of this ETF's behavior - treat beta with caution or consider switching to a more representative benchmark.
- Alpha
- 3.55%
- Beta
- 0.21
- R²
- 0.48
- Upside Capture
- 28.00%
- Downside Capture
- 21.26%
Expense Ratio
PHYD has an expense ratio of 0.55%, placing it in the medium range.
Return for Risk
Risk / Return Rank
PHYD ranks 78 for risk / return — better than 78% of ETFs on our site. You're getting solid returns for the risk taken. A good sign, especially for investors who want growth without excessive volatility.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for Putnam ESG High Yield ETF - (PHYD) 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.
| PHYD | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.25 | ||
| Sortino ratioReturn per unit of downside risk | +0.86 | ||
| Omega ratioGain probability vs. loss probability | 1.46 | 1.37 | +0.09 |
| Calmar ratioReturn relative to maximum drawdown | 3.66 | 2.78 | +0.87 |
| Martin ratioReturn relative to average drawdown | 14.79 | 12.44 | +2.35 |
Dividends
Dividend History
Putnam ESG High Yield ETF - provided a 9.04% dividend yield over the last twelve months, with an annual payout of $4.60 per share.
| Period | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
| Dividend | $4.60 | $3.45 | $3.48 | $3.14 |
Dividend yield | 9.04% | 6.63% | 6.80% | 6.15% |
Monthly Dividends
The table displays the monthly dividend distributions for Putnam ESG High Yield 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 | $0.38 | $1.51 | $0.29 | $0.23 | $0.00 | $2.41 | ||||||
| 2025 | $0.25 | $0.25 | $0.25 | $0.25 | $0.27 | $0.27 | $0.26 | $0.27 | $0.24 | $0.28 | $0.26 | $0.61 | $3.45 |
| 2024 | $0.29 | $0.29 | $0.29 | $0.29 | $0.29 | $0.29 | $0.29 | $0.29 | $0.29 | $0.29 | $0.29 | $0.29 | $3.48 |
| 2023 | $0.27 | $0.27 | $0.27 | $0.27 | $0.27 | $0.27 | $0.27 | $0.29 | $0.29 | $0.68 | $3.14 |
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 High Yield 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 High Yield ETF - was 4.33%, occurring on Mar 15, 2023. Recovery took 81 trading sessions.
The current Putnam ESG High Yield ETF - drawdown is 0.79%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
2023 pullback2023 | -4.33%Mar 2023 | 1mo 10d | 3mo 29d | 5mo 9dFeb 2023 - Jul 2023 |
2025 selloff2025 | -4.14%Apr 2025 | 1mo 10d | 21d | 2mo 1dFeb 2025 - Apr 2025 |
2023 pullback2023 | -3.46%Oct 2023 | 1mo 19d | 14d | 2mo 3dSep 2023 - Nov 2023 |
2026 pullback2026 | -2.10%Mar 2026 | 1mo 9d | 7d | 1mo 16dFeb 2026 - Apr 2026 |
2024 pullback2024 | -1.70%Apr 2024 | 15d | 20d | 1mo 5dApr 2024 - May 2024 |
Drawdown Indicators
| PHYD | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -4.33% | -56.78% | +52.45% |
Max Drawdown (1Y)Largest decline over 1 year | -2.10% | -9.10% | +7.00% |
Max Drawdown (3Y)Largest decline over 3 years | -4.14% | -18.90% | +14.76% |
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 | -0.79% | -1.80% | +1.01% |
Average DrawdownAverage peak-to-trough decline | -0.62% | -10.71% | +10.09% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.52% | 2.03% | -1.51% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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