Putnam Ultra Short Duration Income Fund (PSDYX) belongs to the Ultrashort Bond category. Below you'll find alternative mutual funds from the same category, ranked by key criteria, plus funds that investors commonly compare with PSDYX. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.
Cheapest Alternatives to PSDYX
PSDYX charges 0.30% annually. There are 24 mutual funds in the Ultrashort Bond category with lower expense ratios, going as low as 0.05%.
| Symbol | Name | Expense Ratio | AUM | Inception | |
|---|---|---|---|---|---|
| Federated Hermes Conservative Microshort Fund | 0.05% | — | Feb 2021 | PSDYX vs FHCOX | |
| DFA One Year Fixed Income Portfolio | 0.13% | — | Jul 1983 | PSDYX vs DFIHX | |
| Six Circles Tax Aware Ultra Short Duration Fund | 0.15% | — | Jul 2018 | PSDYX vs CUTAX | |
| Baird Ultra Short Bond Fund Institutional Class | 0.15% | — | Dec 2013 | PSDYX vs BUBIX | |
| DFA Two-Year Government Portfolio | 0.17% | — | Jun 1996 | PSDYX vs DFYGX |
Best Risk-Adjusted Alternatives to PSDYX
PSDYX has a PortfoliosLab risk / return rank of 98. There are 31 mutual funds in the Ultrashort Bond category with higher risk-adjusted ranks, going as high as 100.
| Symbol | Name | Risk / Return Rank | AUM | Inception | |
|---|---|---|---|---|---|
| Tactical Multi-Purpose Fund | 100 | — | Mar 2017 | PSDYX vs TMPFX | |
| Navigator Ultra Short Term Bond Fund | 100 | — | Mar 2019 | PSDYX vs NUSIX | |
| Baird Ultra Short Bond Fund | 100 | — | Dec 2013 | PSDYX vs BUBSX | |
| PIMCO Short Asset Investment Fund | 100 | — | May 2012 | PSDYX vs PAIPX | |
| Baird Ultra Short Bond Fund Institutional Class | 100 | — | Dec 2013 | PSDYX vs BUBIX |
Top Performing PSDYX Alternatives (YTD)
PSDYX is at 1.43% YTD. There are 24 mutual funds in the Ultrashort Bond category with higher YTD returns, going as high as 2.15%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| Semper Short Duration Fund | 2.15% | — | Dec 2010 | PSDYX vs SEMRX | |
| PIMCO Short Term Fund | 2.03% | — | Oct 1987 | PSDYX vs PTSHX | |
| PIMCO Short Asset Investment Fund | 1.80% | — | May 2012 | PSDYX vs PAIPX | |
| SEI Institutional Investments Trust Opportunistic ... | 1.77% | — | Dec 2006 | PSDYX vs ENIAX | |
| Morgan Stanley Pathway Funds Ultra-ShortTerm Fixed... | 1.77% | — | Mar 2016 | PSDYX vs TSDUX |
Lowest Volatility Alternatives to PSDYX
PSDYX has 1.38% 1-year volatility. There are 33 mutual funds in the Ultrashort Bond category with lower 1-year volatility, going as low as 0.58%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Tactical Multi-Purpose Fund | 0.58% | — | Mar 2017 | PSDYX vs TMPFX | |
| Navigator Ultra Short Term Bond Fund | 0.62% | — | Mar 2019 | PSDYX vs NUSIX | |
| Baird Ultra Short Bond Fund | 0.65% | — | Dec 2013 | PSDYX vs BUBSX | |
| Permanent Portfolio Short-Term Treasury Portfolio | 0.67% | — | Sep 1987 | PSDYX vs PRTBX | |
| Baird Ultra Short Bond Fund Institutional Class | 0.72% | — | Dec 2013 | PSDYX vs BUBIX |
Lowest Drawdown Alternatives to PSDYX
PSDYX has a 1-year max drawdown of -0.49%. There are 41 mutual funds in the Ultrashort Bond category with shallower 1-year drawdowns, going as shallow as 0.00%.
| Symbol | Name | Max Drawdown 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| U.S. Global Investors U.S. Government Ultra-Short ... | 0.00% | — | Dec 2013 | PSDYX vs UGSDX | |
| Baird Ultra Short Bond Fund | -0.10% | — | Dec 2013 | PSDYX vs BUBSX | |
| Navigator Ultra Short Term Bond Fund | -0.10% | — | Mar 2019 | PSDYX vs NUSIX | |
| Tactical Multi-Purpose Fund | -0.10% | — | Mar 2017 | PSDYX vs TMPFX | |
| PIMCO Short Asset Investment Fund | -0.10% | — | May 2012 | PSDYX vs PAIPX |
Other Mutual Funds from Putnam
The 10 most viewed Putnam mutual funds shown here include PEYAX, PEQSX, PEIYX and span 5 categories.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|---|---|
| Putnam Large Cap Value Fund | Large Cap Value Equities | 79 | 10.36% | — | Jun 1977 | PSDYX vs PEYAX | |
| Putnam Large Cap Value Fund Class R6 | Large Cap Value Equities | 80 | 10.52% | — | Jul 2012 | PSDYX vs PEQSX | |
| Putnam Large Cap Value Fund | Large Cap Value Equities | 80 | 10.48% | — | Jan 1998 | PSDYX vs PEIYX | |
| Putnam Growth Opportunities Fund | Large Cap Growth Equities | 14 | 2.88% | — | Oct 1995 | PSDYX vs POGAX | |
| Putnam Global Technology Fund | Technology Equities | 70 | 31.62% | — | Dec 2008 | PSDYX vs PGTYX | |
| Putnam Sustainable Leaders Fund | Large Cap Growth Equities | 18 | 1.57% | — | Aug 1990 | PSDYX vs PNOPX | |
| Putnam Multi-Cap Core Fund | Large Cap Blend Equities | 44 | 5.94% | — | Sep 2010 | PSDYX vs PMYYX | |
| Putnam Large Cap Growth Y | Large Cap Growth Equities | 15 | 2.99% | — | Aug 1999 | PSDYX vs PGOYX | |
| Putnam Small Cap Growth Fund | Small Cap Growth Equities | 38 | 24.35% | — | Dec 1997 | PSDYX vs PNSAX | |
| Putnam Research Fund | Large Cap Blend Equities | 70 | 10.18% | — | Oct 1995 | PSDYX vs PNRAX |
Often Compared With PSDYX
Investors most often compare PSDYX with FTSM, JPST, ICSH. These 20 comparison targets span 10 categories, based on PortfoliosLab usage data.
Compare PSDYX with Any Fund or Stock
Compare PSDYX with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
Pair PSDYX with funds that move differently
Putnam Ultra Short Duration Income Fund alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to PSDYX.
Explore PSDYX Diversifiers