DUKH vs. PHYD

Last updated Aug 1, 2026

DUKH (Ocean Park High Income ETF) and PHYD (Putnam ESG High Yield ETF -) are both High Yield Bonds funds. Both are actively managed. Their 0.73 correlation means they have sometimes moved together and sometimes differently. DUKH charges 1.07%/yr vs 0.55%/yr for PHYD.

Performance

DUKH vs. PHYD - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Ocean Park High Income ETF (DUKH) and Putnam ESG High Yield ETF - (PHYD). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

DUKH

• 1D: -0.02%
• 1M: -0.66%
• 6M: -0.74%
• YTD: -0.13%
• 1Y: 2.91%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 2.69%

PHYD

• 1D: —
• 1M: —
• 6M: —
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: —

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
DUKH Ocean Park High Income ETF	$98.53K	$288.34K	$337.48K

DUKH vs. PHYD - Yearly Performance Comparison

	2026 (YTD)	2025	2024
DUKH Ocean Park High Income ETF	-0.13%	2.85%	2.81%
PHYD Putnam ESG High Yield ETF -	2.32%	8.84%	4.12%

Correlation

The correlation between DUKH and PHYD is 0.73, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.73
Correlation (All Time) Calculated using the full available price history since Jul 11, 2024	0.73

The correlation between DUKH and PHYD has been stable across timeframes, ranging from 0.73 to 0.73 - a consistent structural relationship.

Return for Risk

DUKH vs. PHYD — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

DUKH

DUKH Risk / Return Rank: 32
DUKH Sharpe Ratio Rank: 34
DUKH Sortino Ratio Rank: 33
DUKH Omega Ratio Rank: 31
DUKH Calmar Ratio Rank: 29
DUKH Martin Ratio Rank: 33

PHYD

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

DUKH vs. PHYD - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Ocean Park High Income ETF (DUKH) and Putnam ESG High Yield ETF - (PHYD). 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.

	DUKH	PHYD	Difference
Sharpe ratio: Return per unit of total volatility	0.84	—	—
Sortino ratio: Return per unit of downside risk	1.23	—	—
Omega ratio: Gain probability vs. loss probability	1.15	—	—
Calmar ratio: Return relative to maximum drawdown	0.96	—	—
Martin ratio: Return relative to average drawdown	3.08	—	—

Drawdowns

Drawdown Indicators

	DUKH	PHYD	Difference
Max Drawdown Largest peak-to-trough decline	-5.70%	—	—
Max Drawdown (1Y) Largest decline over 1 year	-3.06%	—	—
Current Drawdown Current decline from peak	-1.38%	—	—
Average Drawdown Average peak-to-trough decline	-1.11%	—	—
Ulcer Index Depth and duration of drawdowns from previous peaks	0.95%	—	—

Volatility

Volatility by Period

	DUKH	PHYD	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.82%	—	—
Volatility (6M) Calculated over the trailing 6-month period	2.92%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	3.51%	—	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	3.74%	—	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	3.74%	—	—

DUKH vs. PHYD - Expense Ratio Comparison

DUKH has a 1.07% expense ratio, which is higher than PHYD's 0.55% expense ratio.

Dividends

DUKH vs. PHYD - Dividend Comparison

DUKH's dividend yield for the trailing twelve months is around 5.55%, while PHYD has not paid dividends to shareholders.

Position	TTM	2025	2024	2023
DUKH Ocean Park High Income ETF	5.55%	6.12%	2.77%	0.00%
PHYD Putnam ESG High Yield ETF -	8.00%	6.63%	6.80%	6.15%

Frequently Asked Questions

Can I hold both DUKH and PHYD in my portfolio?

DUKH and PHYD have a correlation of 0.73, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, DUKH or PHYD?

On fees, PHYD is cheaper at 0.55% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, DUKH or PHYD?

PHYD is cheaper with a 0.55% expense ratio, compared with 1.07% for DUKH.

Which ETF pays a higher dividend yield, DUKH or PHYD?

PHYD has the higher dividend yield at 8.00%, compared with 5.55% for DUKH.

What is the main difference between DUKH and PHYD?

They also come from different issuers: Ocean Park and Putnam. Their fees differ too: 1.07% for DUKH and 0.55% for PHYD.