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Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in Putnam ESG Ultra Short ETF, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.
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Returns By Period
Putnam ESG Ultra Short ETF (PULT) has returned 0.56% so far this year and 4.37% over the past 12 months.
Putnam ESG Ultra Short ETF
- 1D
- 0.08%
- 1M
- 0.10%
- YTD
- 0.56%
- 6M
- 1.75%
- 1Y
- 4.37%
- 3Y*
- 5.51%
- 5Y*
- —
- 10Y*
- —
Benchmark (S&P 500 Index)
- 1D
- 2.91%
- 1M
- -5.09%
- YTD
- -4.63%
- 6M
- -2.39%
- 1Y
- 16.33%
- 3Y*
- 16.69%
- 5Y*
- 10.18%
- 10Y*
- 12.16%
Monthly Returns
Based on dividend-adjusted daily data since Jan 20, 2023, PULT's average daily return is +0.02%, while the average monthly return is +0.43%. At this rate, your investment would double in approximately 13.5 years.
Historically, 100% of months were positive and 0% were negative. The best month was Dec 2023 with a return of +0.8%, while the worst month was Mar 2023 at 0.0%. The longest winning streak lasted 39 consecutive months, and the longest losing streak was 0 months.
On a daily basis, PULT closed higher 66% of trading days. The best single day was Aug 21, 2024 with a return of +0.1%, while the worst single day was Mar 16, 2023 at -0.1%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 0.35% | 0.12% | 0.10% | 0.56% | |||||||||
| 2025 | 0.46% | 0.36% | 0.43% | 0.34% | 0.38% | 0.48% | 0.24% | 0.54% | 0.55% | 0.21% | 0.44% | 0.53% | 5.08% |
| 2024 | 0.45% | 0.41% | 0.65% | 0.38% | 0.54% | 0.47% | 0.62% | 0.60% | 0.57% | 0.29% | 0.37% | 0.44% | 5.93% |
| 2023 | 0.19% | 0.26% | 0.04% | 0.60% | 0.46% | 0.44% | 0.58% | 0.53% | 0.39% | 0.39% | 0.71% | 0.75% | 5.46% |
Benchmark Metrics
Putnam ESG Ultra Short ETF has an annualized alpha of 5.37%, beta of -0.00, and R² of 0.00 versus S&P 500 Index. Calculated based on daily prices since January 23, 2023.
- This ETF captured 12.18% of S&P 500 Index gains and tended to rise during its downturns (downside capture of -16.02%) — a profile typical of hedging or uncorrelated assets.
- Beta of -0.00 may look defensive, but with R² of 0.00 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 0.00 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
- 5.37%
- Beta
- -0.00
- R²
- 0.00
- Upside Capture
- 12.18%
- Downside Capture
- -16.02%
Expense Ratio
PULT has an expense ratio of 0.25%, which is considered low.
Return for Risk
Risk / Return Rank
PULT ranks 99 for risk / return — in the top 99% of ETFs on our site. This means strong returns relative to risk — exactly what professional investors look for. Well-suited for investors who want to maximize return per unit of risk.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for Putnam ESG Ultra Short ETF (PULT) and compare them to a chosen benchmark (S&P 500 Index).
| PULT | Benchmark | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 7.40 | 0.90 | +6.51 |
Sortino ratioReturn per unit of downside risk | 15.34 | 1.39 | +13.96 |
Omega ratioGain probability vs. loss probability | 3.47 | 1.21 | +2.26 |
Calmar ratioReturn relative to maximum drawdown | 20.05 | 1.40 | +18.65 |
Martin ratioReturn relative to average drawdown | 97.34 | 6.61 | +90.73 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Explore PULT risk-adjusted metrics in detail
Dive deeper into individual metrics with historical trends, benchmark comparisons, and performance across different time periods.
Dividends
Dividend History
Putnam ESG Ultra Short ETF provided a 4.69% dividend yield over the last twelve months, with an annual payout of $2.37 per share.
| Period | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
| Dividend | $2.37 | $2.32 | $2.72 | $2.45 |
Dividend yield | 4.69% | 4.59% | 5.38% | 4.88% |
Monthly Dividends
The table displays the monthly dividend distributions for Putnam ESG Ultra Short 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 | $0.27 | $0.16 | $0.44 | |||||||||
| 2025 | $0.00 | $0.20 | $0.20 | $0.20 | $0.17 | $0.20 | $0.18 | $0.20 | $0.20 | $0.19 | $0.19 | $0.39 | $2.32 |
| 2024 | $0.00 | $0.25 | $0.36 | $0.16 | $0.21 | $0.22 | $0.21 | $0.23 | $0.22 | $0.22 | $0.22 | $0.42 | $2.72 |
| 2023 | $0.06 | $0.11 | $0.21 | $0.22 | $0.23 | $0.22 | $0.27 | $0.23 | $0.23 | $0.23 | $0.45 | $2.45 |
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 Ultra Short 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 Ultra Short ETF was 0.34%, occurring on Mar 22, 2023. Recovery took 11 trading sessions.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -0.34% | Mar 15, 2023 | 6 | Mar 22, 2023 | 11 | Apr 6, 2023 | 17 |
| -0.22% | Apr 7, 2025 | 3 | Apr 9, 2025 | 6 | Apr 17, 2025 | 9 |
| -0.18% | Oct 22, 2025 | 2 | Oct 23, 2025 | 10 | Nov 6, 2025 | 12 |
| -0.14% | Jan 4, 2024 | 2 | Jan 5, 2024 | 3 | Jan 10, 2024 | 5 |
| -0.12% | Mar 12, 2026 | 11 | Mar 26, 2026 | 3 | Mar 31, 2026 | 14 |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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