ICSH vs. PSDYX
Compare and contrast key facts about iShares Ultra Short Duration Bond Active ETF (ICSH) and Putnam Ultra Short Duration Income Fund (PSDYX).
ICSH is a passively managed fund by iShares that tracks the performance of the ICE BofA US 6-Month Treasury Bill Index (USD). It was launched on Dec 11, 2013. PSDYX is managed by Putnam. It was launched on Oct 17, 2011.
Performance
ICSH vs. PSDYX - Performance Comparison
Loading graphics...
ICSH vs. PSDYX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
ICSH iShares Ultra Short Duration Bond Active ETF | 0.79% | 4.96% | 5.52% | 5.58% | 0.97% | 0.16% | 1.61% | 3.17% | 2.25% | 1.63% |
PSDYX Putnam Ultra Short Duration Income Fund | 0.38% | 4.99% | 5.25% | 4.78% | 0.61% | 0.07% | 1.50% | 2.86% | 1.95% | 1.40% |
Returns By Period
In the year-to-date period, ICSH achieves a 0.79% return, which is significantly higher than PSDYX's 0.38% return. Over the past 10 years, ICSH has outperformed PSDYX with an annualized return of 2.71%, while PSDYX has yielded a comparatively lower 2.45% annualized return.
ICSH
- 1D
- 0.05%
- 1M
- 0.14%
- YTD
- 0.79%
- 6M
- 1.90%
- 1Y
- 4.42%
- 3Y*
- 5.23%
- 5Y*
- 3.56%
- 10Y*
- 2.71%
PSDYX
- 1D
- 0.00%
- 1M
- -0.30%
- YTD
- 0.38%
- 6M
- 1.42%
- 1Y
- 4.05%
- 3Y*
- 4.71%
- 5Y*
- 3.19%
- 10Y*
- 2.45%
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
ICSH vs. PSDYX - Expense Ratio Comparison
ICSH has a 0.08% expense ratio, which is lower than PSDYX's 0.30% expense ratio.
Return for Risk
ICSH vs. PSDYX — Risk / Return Rank
ICSH
PSDYX
ICSH vs. PSDYX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Ultra Short Duration Bond Active ETF (ICSH) and Putnam Ultra Short Duration Income Fund (PSDYX). 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.
| ICSH | PSDYX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 10.89 | 2.88 | +8.01 |
Sortino ratioReturn per unit of downside risk | 25.73 | 8.25 | +17.48 |
Omega ratioGain probability vs. loss probability | 6.44 | 2.68 | +3.76 |
Calmar ratioReturn relative to maximum drawdown | 44.98 | 9.02 | +35.96 |
Martin ratioReturn relative to average drawdown | 281.70 | 35.56 | +246.13 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading graphics...
Sharpe Ratios by Period
| ICSH | PSDYX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 10.89 | 2.88 | +8.01 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 7.42 | 2.52 | +4.90 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 2.56 | 2.37 | +0.19 |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.90 | 2.15 | -0.25 |
Correlation
The correlation between ICSH and PSDYX is 0.10, 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.
Dividends
ICSH vs. PSDYX - Dividend Comparison
ICSH's dividend yield for the trailing twelve months is around 4.42%, more than PSDYX's 4.17% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ICSH iShares Ultra Short Duration Bond Active ETF | 4.42% | 4.55% | 5.24% | 4.78% | 1.66% | 0.42% | 1.21% | 2.61% | 2.20% | 1.36% | 0.88% | 0.54% |
PSDYX Putnam Ultra Short Duration Income Fund | 4.17% | 4.65% | 4.81% | 3.65% | 1.30% | 0.37% | 1.09% | 2.51% | 2.23% | 1.29% | 0.88% | 0.57% |
Drawdowns
ICSH vs. PSDYX - Drawdown Comparison
The maximum ICSH drawdown since its inception was -3.94%, which is greater than PSDYX's maximum drawdown of -2.58%. Use the drawdown chart below to compare losses from any high point for ICSH and PSDYX.
Loading graphics...
Drawdown Indicators
| ICSH | PSDYX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -3.94% | -2.58% | -1.36% |
Max Drawdown (1Y)Largest decline over 1 year | -0.10% | -0.49% | +0.39% |
Max Drawdown (5Y)Largest decline over 5 years | -0.73% | -0.80% | +0.07% |
Max Drawdown (10Y)Largest decline over 10 years | -3.94% | -2.58% | -1.36% |
Current DrawdownCurrent decline from peak | 0.00% | -0.39% | +0.39% |
Average DrawdownAverage peak-to-trough decline | -0.08% | -0.07% | -0.01% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.02% | 0.12% | -0.10% |
Volatility
ICSH vs. PSDYX - Volatility Comparison
The current volatility for iShares Ultra Short Duration Bond Active ETF (ICSH) is 0.16%, while Putnam Ultra Short Duration Income Fund (PSDYX) has a volatility of 0.22%. This indicates that ICSH experiences smaller price fluctuations and is considered to be less risky than PSDYX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading graphics...
Volatility by Period
| ICSH | PSDYX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.16% | 0.22% | -0.06% |
Volatility (6M)Calculated over the trailing 6-month period | 0.27% | 0.97% | -0.70% |
Volatility (1Y)Calculated over the trailing 1-year period | 0.41% | 1.45% | -1.04% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 0.48% | 1.27% | -0.79% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 1.06% | 1.04% | +0.02% |