EFIV vs. PULT

Last updated Jul 15, 2026

EFIV (State Street SPDR S&P 500 ESG ETF) and PULT (Putnam ESG Ultra Short ETF) are both exchange-traded funds - EFIV is a S&P 500 fund tracking the S&P 500 ESG Index, while PULT is a Ultrashort Bond fund actively managed by Putnam. EFIV is passively managed, while PULT is actively managed. At a 0.04 correlation, their price movements are largely independent. EFIV charges 0.10%/yr vs 0.25%/yr for PULT.

Performance

EFIV vs. PULT - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in State Street SPDR S&P 500 ESG ETF (EFIV) and Putnam ESG Ultra Short ETF (PULT). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

EFIV

• 1D: 0.71%
• 1M: 0.99%
• 6M: 9.05%
• YTD: 10.63%
• 1Y: 24.19%
• 3Y*: 20.06%
• 5Y*: 13.77%
• 10Y*: —

PULT

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

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

EFIV vs. PULT - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
EFIV State Street SPDR S&P 500 ESG ETF	10.63%	18.47%	23.80%	25.66%
PULT Putnam ESG Ultra Short ETF	1.23%	5.08%	5.93%	5.47%

Correlation

The correlation between EFIV and PULT is 0.03, 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	0.03
Correlation (3Y) Calculated over the trailing 3-year period	0.05
Correlation (All Time) Calculated using the full available price history since Jan 20, 2023	0.04

Return for Risk

EFIV vs. PULT — Risk / Return Rank

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

EFIV

EFIV Risk / Return Rank: 74
EFIV Sharpe Ratio Rank: 77
EFIV Sortino Ratio Rank: 76
EFIV Omega Ratio Rank: 74
EFIV Calmar Ratio Rank: 64
EFIV Martin Ratio Rank: 78

PULT

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

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.

EFIV vs. PULT - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for State Street SPDR S&P 500 ESG ETF (EFIV) and Putnam ESG Ultra Short ETF (PULT). 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.

	EFIV	PULT	Difference
Sharpe ratio: Return per unit of total volatility	1.94	—	—
Sortino ratio: Return per unit of downside risk	2.70	—	—
Omega ratio: Gain probability vs. loss probability	1.35	—	—
Calmar ratio: Return relative to maximum drawdown	2.57	—	—
Martin ratio: Return relative to average drawdown	11.54	—	—

Drawdowns

Drawdown Indicators

	EFIV	PULT	Difference
Max Drawdown Largest peak-to-trough decline	-24.52%	—	—
Max Drawdown (1Y) Largest decline over 1 year	-9.44%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-19.23%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-24.52%	—	—
Current Drawdown Current decline from peak	-0.70%	—	—
Average Drawdown Average peak-to-trough decline	-4.75%	—	—
Ulcer Index Depth and duration of drawdowns from previous peaks	2.10%	—	—

Volatility

Volatility by Period

	EFIV	PULT	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.94%	—	—
Volatility (6M) Calculated over the trailing 6-month period	10.20%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	12.54%	—	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.05%	—	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.82%	—	—

EFIV vs. PULT - Expense Ratio Comparison

EFIV has a 0.10% expense ratio, which is lower than PULT's 0.25% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.

Dividends

EFIV vs. PULT - Dividend Comparison

EFIV's dividend yield for the trailing twelve months is around 0.96%, while PULT has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020
EFIV State Street SPDR S&P 500 ESG ETF	0.96%	1.03%	1.20%	1.37%	1.64%	1.19%	0.65%
PULT Putnam ESG Ultra Short ETF	3.89%	4.59%	5.38%	4.88%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both EFIV and PULT in my portfolio?

EFIV and PULT have a correlation of 0.03, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, EFIV or PULT?

On fees, EFIV is cheaper at 0.10% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, EFIV or PULT?

EFIV is cheaper with a 0.10% expense ratio, compared with 0.25% for PULT.

Which ETF pays a higher dividend yield, EFIV or PULT?

PULT has the higher dividend yield at 3.89%, compared with 0.96% for EFIV.

What is the main difference between EFIV and PULT?

EFIV is categorized as S&P 500, while PULT is Ultrashort Bond. They also come from different issuers: State Street and Putnam. Their fees differ too: 0.10% for EFIV and 0.25% for PULT.