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 99. There are 34 mutual funds in the Ultrashort Bond category with higher risk-adjusted ranks, going as high as 100.
| Symbol | Name | Risk / Return Rank | AUM | Inception | |
|---|---|---|---|---|---|
| Navigator Ultra Short Term Bond Fund | 100 | — | Mar 2019 | PSDYX vs NUSIX | |
| Tactical Multi-Purpose Fund | 100 | — | Mar 2017 | PSDYX vs TMPFX | |
| Baird Ultra Short Bond Fund | 100 | — | Dec 2013 | PSDYX vs BUBSX | |
| DFA One Year Fixed Income Portfolio | 100 | — | Jul 1983 | PSDYX vs DFIHX | |
| PIMCO Short Asset Investment Fund | 100 | — | May 2012 | PSDYX vs PAIPX |
Top Performing PSDYX Alternatives (YTD)
PSDYX is at 1.68% YTD. There are 34 mutual funds in the Ultrashort Bond category with higher YTD returns, going as high as 2.62%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| Medalist Partners Short Duration Fund | 2.62% | — | Dec 2010 | PSDYX vs SEMRX | |
| PIMCO Short Term Fund | 2.39% | — | Oct 1987 | PSDYX vs PTSHX | |
| SEI Institutional Investments Trust Opportunistic ... | 2.27% | — | Dec 2006 | PSDYX vs ENIAX | |
| Tactical Multi-Purpose Fund | 2.23% | — | Mar 2017 | PSDYX vs TMPFX | |
| PIMCO Short Asset Investment Fund | 2.23% | — | May 2012 | PSDYX vs PAIPX |
Lowest Volatility Alternatives to PSDYX
PSDYX has 1.36% 1-year volatility. There are 35 mutual funds in the Ultrashort Bond category with lower 1-year volatility, going as low as 0.61%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Navigator Ultra Short Term Bond Fund | 0.61% | — | Mar 2019 | PSDYX vs NUSIX | |
| Tactical Multi-Purpose Fund | 0.61% | — | Mar 2017 | PSDYX vs TMPFX | |
| DFA One Year Fixed Income Portfolio | 0.65% | — | Jul 1983 | PSDYX vs DFIHX | |
| Permanent Portfolio Short-Term Treasury Portfolio | 0.65% | — | Sep 1987 | PSDYX vs PRTBX | |
| Baird Ultra Short Bond Fund | 0.65% | — | Dec 2013 | PSDYX vs BUBSX |
Lowest Drawdown Alternatives to PSDYX
PSDYX has a 1-year max drawdown of -0.49%. There are 42 mutual funds in the Ultrashort Bond category with shallower 1-year drawdowns, going as shallow as -0.10%.
| Symbol | Name | Max Drawdown 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Fidelity Conservative Income Bond Institutional Cl... | -0.10% | — | Mar 2011 | PSDYX vs FCNVX | |
| Fidelity Series Treasury Bill Index Fund | -0.10% | — | Aug 2018 | PSDYX vs FHQFX | |
| DFA One Year Fixed Income Portfolio | -0.10% | — | Jul 1983 | PSDYX vs DFIHX | |
| Navigator Ultra Short Term Bond Fund | -0.10% | — | Mar 2019 | PSDYX vs NUSIX | |
| Baird Ultra Short Bond Fund | -0.10% | — | Dec 2013 | PSDYX vs BUBSX |
Other Mutual Funds from Putnam
The 10 most viewed Putnam mutual funds shown here include PEYAX, PEIYX, PEQSX and span 5 categories.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|---|---|
| Putnam Large Cap Value Fund | Large Cap Value Equities | 92 | 14.93% | — | Jun 1977 | PSDYX vs PEYAX | |
| Putnam Large Cap Value Fund | Large Cap Value Equities | 93 | 15.07% | — | Oct 1998 | PSDYX vs PEIYX | |
| Putnam Large Cap Value Fund Class R6 | Large Cap Value Equities | 93 | 15.12% | — | Jul 2012 | PSDYX vs PEQSX | |
| Putnam Growth Opportunities Fund | Large Cap Growth Equities | 8 | 0.25% | — | Oct 1995 | PSDYX vs POGAX | |
| Putnam Global Technology Fund | Technology Equities | 47 | 27.05% | — | Dec 2008 | PSDYX vs PGTYX | |
| Putnam Sustainable Leaders Fund | Large Cap Growth Equities | 22 | 3.92% | — | Aug 1990 | PSDYX vs PNOPX | |
| Putnam Multi-Cap Core Fund | Large Cap Blend Equities | 50 | 8.35% | — | Sep 2010 | PSDYX vs PMYYX | |
| Putnam Large Cap Growth Y | Large Cap Growth Equities | 8 | 0.39% | — | Aug 1999 | PSDYX vs PGOYX | |
| Putnam Small Cap Growth Fund | Small Cap Growth Equities | 25 | 15.42% | — | Dec 1997 | PSDYX vs PNSAX | |
| Putnam Research Fund | Large Cap Blend Equities | 76 | 12.43% | — | Oct 1995 | PSDYX vs PNRAX |
Often Compared With PSDYX
Investors most often compare PSDYX with FTSM, ICSH, JPST. These 20 comparison targets span 11 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