FTSM vs. PARYX
Compare and contrast key facts about First Trust Enhanced Short Maturity ETF (FTSM) and Putnam Short Duration Bond Fund (PARYX).
FTSM is an actively managed fund by First Trust. It was launched on Aug 5, 2014. PARYX is managed by Putnam. It was launched on Dec 23, 2008.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FTSM or PARYX.
Key characteristics
| FTSM | PARYX | |
|---|---|---|
| YTD Return | 4.57% | 4.92% |
| 1Y Return | 5.66% | 7.84% |
| 3Y Return (Ann) | 3.52% | 2.25% |
| 5Y Return (Ann) | 2.41% | 2.32% |
| 10Y Return (Ann) | 1.93% | 2.36% |
| Sharpe Ratio | 11.25 | 3.37 |
| Sortino Ratio | 29.04 | 6.23 |
| Omega Ratio | 6.53 | 1.88 |
| Calmar Ratio | 84.79 | 5.78 |
| Martin Ratio | 351.67 | 25.46 |
| Ulcer Index | 0.02% | 0.30% |
| Daily Std Dev | 0.51% | 2.26% |
| Max Drawdown | -4.12% | -7.68% |
| Current Drawdown | 0.00% | -0.45% |
Correlation
The correlation between FTSM and PARYX is 0.29, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Performance
FTSM vs. PARYX - Performance Comparison
In the year-to-date period, FTSM achieves a 4.57% return, which is significantly lower than PARYX's 4.92% return. Over the past 10 years, FTSM has underperformed PARYX with an annualized return of 1.93%, while PARYX has yielded a comparatively higher 2.36% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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FTSM vs. PARYX - Expense Ratio Comparison
FTSM has a 0.25% expense ratio, which is lower than PARYX's 0.37% expense ratio.
Risk-Adjusted Performance
FTSM vs. PARYX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for First Trust Enhanced Short Maturity ETF (FTSM) and Putnam Short Duration Bond Fund (PARYX). 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.
Dividends
FTSM vs. PARYX - Dividend Comparison
FTSM's dividend yield for the trailing twelve months is around 4.95%, more than PARYX's 4.52% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FTSM First Trust Enhanced Short Maturity ETF | 4.95% | 4.62% | 1.62% | 0.39% | 1.20% | 2.38% | 2.15% | 1.38% | 1.03% | 0.48% | 0.19% | 0.00% |
PARYX Putnam Short Duration Bond Fund | 4.52% | 3.93% | 2.25% | 1.79% | 2.11% | 2.98% | 2.11% | 2.54% | 2.75% | 1.86% | 1.56% | 1.71% |
Drawdowns
FTSM vs. PARYX - Drawdown Comparison
The maximum FTSM drawdown since its inception was -4.12%, smaller than the maximum PARYX drawdown of -7.68%. Use the drawdown chart below to compare losses from any high point for FTSM and PARYX. For additional features, visit the drawdowns tool.
Volatility
FTSM vs. PARYX - Volatility Comparison
The current volatility for First Trust Enhanced Short Maturity ETF (FTSM) is 0.14%, while Putnam Short Duration Bond Fund (PARYX) has a volatility of 0.58%. This indicates that FTSM experiences smaller price fluctuations and is considered to be less risky than PARYX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.