BUYZ vs. PBDC

Last updated Jul 15, 2026

BUYZ (Franklin Disruptive Commerce ETF) and PBDC (Putnam BDC Income ETF) are both exchange-traded funds - BUYZ is a Large Cap Growth Equities fund actively managed by Franklin Templeton, while PBDC is a Financials Equities fund actively managed by Franklin Templeton. Both are actively managed. Over the past 3 years, BUYZ returned 9.09%/yr vs 6.24%/yr for PBDC. At a 0.48 correlation, their price movements are largely independent. BUYZ charges 0.50%/yr vs 13.49%/yr for PBDC.

Performance

BUYZ vs. PBDC - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Franklin Disruptive Commerce ETF (BUYZ) and Putnam BDC Income ETF (PBDC). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, BUYZ achieves a -12.43% return, which is significantly lower than PBDC's -7.96% return.

BUYZ

• 1D: 0.41%
• 1M: 5.54%
• 6M: -14.05%
• YTD: -12.43%
• 1Y: -13.11%
• 3Y*: 9.09%
• 5Y*: -7.25%
• 10Y*: —

PBDC

• 1D: 0.83%
• 1M: 0.26%
• 6M: -7.60%
• YTD: -7.96%
• 1Y: -13.63%
• 3Y*: 6.24%
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

BUYZ vs. PBDC - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
BUYZ Franklin Disruptive Commerce ETF	-12.43%	8.70%	28.25%	39.13%	0.43%
PBDC Putnam BDC Income ETF	-7.96%	-1.77%	19.43%	30.52%	10.38%

Correlation

The correlation between BUYZ and PBDC is 0.45, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.45
Correlation (3Y) Calculated over the trailing 3-year period	0.44
Correlation (All Time) Calculated using the full available price history since Sep 30, 2022	0.48

Return for Risk

BUYZ vs. PBDC — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

BUYZ

BUYZ Risk / Return Rank: 5
BUYZ Sharpe Ratio Rank: 4
BUYZ Sortino Ratio Rank: 5
BUYZ Omega Ratio Rank: 5
BUYZ Calmar Ratio Rank: 6
BUYZ Martin Ratio Rank: 6

PBDC

PBDC Risk / Return Rank: 4
PBDC Sharpe Ratio Rank: 3
PBDC Sortino Ratio Rank: 4
PBDC Omega Ratio Rank: 4
PBDC Calmar Ratio Rank: 4
PBDC Martin Ratio Rank: 4

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

BUYZ vs. PBDC - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Franklin Disruptive Commerce ETF (BUYZ) and Putnam BDC Income ETF (PBDC). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

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.

	BUYZ	PBDC	Difference
Sharpe ratio: Return per unit of total volatility	-0.58	-0.73	+0.15
Sortino ratio: Return per unit of downside risk	-0.66	-0.95	+0.29
Omega ratio: Gain probability vs. loss probability	0.92	0.90	+0.02
Calmar ratio: Return relative to maximum drawdown	-0.43	-0.68	+0.25
Martin ratio: Return relative to average drawdown	-0.77	-1.12	+0.35

BUYZ vs. PBDC - Sharpe Ratio Comparison

The current BUYZ Sharpe Ratio is -0.58, which is comparable to the PBDC Sharpe Ratio of -0.73. The chart below compares the historical Sharpe Ratios of BUYZ and PBDC, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

BUYZ vs. PBDC - Drawdown Comparison

The maximum BUYZ drawdown since its inception was -68.04%, which is greater than PBDC's maximum drawdown of -20.47%. Use the drawdown chart below to compare losses from any high point for BUYZ and PBDC.

Drawdown Indicators

	BUYZ	PBDC	Difference
Max Drawdown Largest peak-to-trough decline	-68.04%	-20.47%	-47.57%
Max Drawdown (1Y) Largest decline over 1 year	-30.85%	-20.15%	-10.70%
Max Drawdown (3Y) Largest decline over 3 years	-30.85%	-20.47%	-10.38%
Max Drawdown (5Y) Largest decline over 5 years	-63.21%	—	—
Current Drawdown Current decline from peak	-43.48%	-15.57%	-27.91%
Average Drawdown Average peak-to-trough decline	-38.84%	-5.01%	-33.83%
Ulcer Index Depth and duration of drawdowns from previous peaks	17.01%	12.21%	+4.80%

Volatility

BUYZ vs. PBDC - Volatility Comparison

Franklin Disruptive Commerce ETF (BUYZ) has a higher volatility of 7.07% compared to Putnam BDC Income ETF (PBDC) at 4.64%. This indicates that BUYZ's price experiences larger fluctuations and is considered to be riskier than PBDC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	BUYZ	PBDC	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.07%	4.64%	+2.43%
Volatility (6M) Calculated over the trailing 6-month period	18.01%	15.19%	+2.82%
Volatility (1Y) Calculated over the trailing 1-year period	22.79%	18.80%	+3.99%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	27.25%	17.02%	+10.23%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	29.82%	17.02%	+12.80%

BUYZ vs. PBDC - Expense Ratio Comparison

BUYZ has a 0.50% expense ratio, which is lower than PBDC's 13.49% expense ratio.

Dividends

BUYZ vs. PBDC - Dividend Comparison

BUYZ has not paid dividends to shareholders, while PBDC's dividend yield for the trailing twelve months is around 11.42%.

Position	TTM	2025	2024	2023	2022	2021
BUYZ Franklin Disruptive Commerce ETF	0.00%	0.00%	0.07%	0.00%	0.00%	0.77%
PBDC Putnam BDC Income ETF	11.42%	10.53%	9.29%	9.86%	3.40%	0.00%

Frequently Asked Questions

Can I hold both BUYZ and PBDC in my portfolio?

BUYZ and PBDC have a correlation of 0.45, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, BUYZ or PBDC?

BUYZ has higher volatility (7.07%) compared to PBDC (4.64%). In terms of maximum drawdown, BUYZ dropped -68.04% vs PBDC's -20.47%.

Which ETF is better, BUYZ or PBDC?

On 3-year performance, BUYZ leads with 9.09% vs 6.24% for PBDC. On fees, BUYZ is cheaper at 0.50% per year. On volatility, PBDC has been the lower-risk option at 4.64%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, BUYZ or PBDC?

Over the 3-year period, BUYZ has performed better with a 9.09% return vs 6.24%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, BUYZ or PBDC?

BUYZ is cheaper with a 0.50% expense ratio, compared with 13.49% for PBDC.

Which ETF pays a higher dividend yield, BUYZ or PBDC?

PBDC has the higher dividend yield at 11.42%, compared with 0.00% for BUYZ.

What is the main difference between BUYZ and PBDC?

BUYZ is categorized as Large Cap Growth Equities, while PBDC is Financials Equities. Their fees differ too: 0.50% for BUYZ and 13.49% for PBDC.

Which has better risk-adjusted returns?

BUYZ currently has the higher Sharpe Ratio (-0.58 vs -0.73), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.