ECCX vs. PBDC

Last updated Jun 3, 2026

ECCX (Eagle Point Credit Company Inc. 6.6875% NT 28) is a stock, while PBDC (Putnam BDC Income ETF) is Financials Equities fund actively managed by Putnam. Over the past 3 years, ECCX returned 9.51%/yr vs 8.54%/yr for PBDC. At a 0.04 correlation, their price movements are largely independent.

Performance

ECCX vs. PBDC - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Eagle Point Credit Company Inc. 6.6875% NT 28 (ECCX) 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, ECCX achieves a 1.67% return, which is significantly higher than PBDC's -7.76% return.

ECCX

• 1D: 0.00%
• 1M: 0.08%
• YTD: 1.67%
• 6M: 3.89%
• 1Y: 9.07%
• 3Y*: 9.51%
• 5Y*: 6.69%
• 10Y*: —

PBDC

• 1D: -0.94%
• 1M: -4.38%
• YTD: -7.76%
• 6M: -7.02%
• 1Y: -8.11%
• 3Y*: 8.54%
• 5Y*: —
• 10Y*: —

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

ECCX vs. PBDC - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
ECCX Eagle Point Credit Company Inc. 6.6875% NT 28	1.67%	10.76%	8.21%	7.05%	-0.15%
PBDC Putnam BDC Income ETF	-7.76%	-1.77%	19.43%	30.52%	10.86%

Correlation

The correlation between ECCX and PBDC is 0.07, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.07
Correlation (3Y) Calculated over the trailing 3-year period	0.07
Correlation (All Time) Calculated using the full available price history since Oct 3, 2022	0.04

Return for Risk

ECCX vs. PBDC — Risk / Return Rank

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

ECCX

ECCX Risk / Return Rank: 82
ECCX Sharpe Ratio Rank: 80
ECCX Sortino Ratio Rank: 76
ECCX Omega Ratio Rank: 78
ECCX Calmar Ratio Rank: 85
ECCX Martin Ratio Rank: 90

PBDC

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

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.

ECCX vs. PBDC - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Eagle Point Credit Company Inc. 6.6875% NT 28 (ECCX) 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.

	ECCX	PBDC	Difference
Sharpe ratio Return per unit of total volatility	1.41	-0.45	+1.86
Sortino ratio Return per unit of downside risk	2.08	-0.52	+2.60
Omega ratio Gain probability vs. loss probability	1.29	0.94	+0.35
Calmar ratio Return relative to maximum drawdown	3.58	-0.44	+4.02
Martin ratio Return relative to average drawdown	12.37	-0.82	+13.19
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

ECCX vs. PBDC - Sharpe Ratio Comparison

The current ECCX Sharpe Ratio is 1.41, which is higher than the PBDC Sharpe Ratio of -0.45. The chart below compares the historical Sharpe Ratios of ECCX 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.

Sharpe Ratios by Period

	ECCX	PBDC	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.41	-0.45	+1.86
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.68	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.36	0.77	-0.41

Drawdowns

ECCX vs. PBDC - Drawdown Comparison

The maximum ECCX drawdown since its inception was -37.68%, which is greater than PBDC's maximum drawdown of -20.47%. Use the drawdown chart below to compare losses from any high point for ECCX and PBDC.

Drawdown Indicators

	ECCX	PBDC	Difference
Max Drawdown Largest peak-to-trough decline	-37.68%	-20.47%	-17.21%
Max Drawdown (1Y) Largest decline over 1 year	-2.57%	-20.15%	+17.58%
Max Drawdown (3Y) Largest decline over 3 years	-4.56%	-20.47%	+15.91%
Max Drawdown (5Y) Largest decline over 5 years	-10.87%	—	—
Current Drawdown Current decline from peak	-0.04%	-15.39%	+15.35%
Average Drawdown Average peak-to-trough decline	-1.84%	-4.65%	+2.81%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.74%	10.89%	-10.15%

Volatility

ECCX vs. PBDC - Volatility Comparison

The current volatility for Eagle Point Credit Company Inc. 6.6875% NT 28 (ECCX) is 0.16%, while Putnam BDC Income ETF (PBDC) has a volatility of 4.76%. This indicates that ECCX experiences smaller price fluctuations and is considered to be less risky than PBDC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	ECCX	PBDC	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.16%	4.76%	-4.60%
Volatility (6M) Calculated over the trailing 6-month period	4.50%	14.89%	-10.39%
Volatility (1Y) Calculated over the trailing 1-year period	6.73%	18.21%	-11.48%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	9.87%	17.01%	-7.14%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	20.12%	17.01%	+3.11%

Dividends

ECCX vs. PBDC - Dividend Comparison

ECCX's dividend yield for the trailing twelve months is around 6.64%, less than PBDC's 11.44% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018
ECCX Eagle Point Credit Company Inc. 6.6875% NT 28	6.64%	6.64%	6.87%	6.95%	6.92%	6.60%	6.69%	6.52%	4.76%
PBDC Putnam BDC Income ETF	11.44%	10.53%	9.29%	9.86%	3.40%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both ECCX and PBDC in my portfolio?

ECCX and PBDC have a correlation of 0.07, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, ECCX or PBDC?

PBDC has higher volatility (4.76%) compared to ECCX (0.16%). In terms of maximum drawdown, ECCX dropped -37.68% vs PBDC's -20.47%.

Which has better risk-adjusted returns?

ECCX currently has the higher Sharpe Ratio (1.41 vs -0.45), 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.