PARYX vs. DBLSX
Compare and contrast key facts about Putnam Short Duration Bond Fund (PARYX) and DoubleLine Low Duration Bond Fund (DBLSX).
PARYX is managed by Putnam. It was launched on Dec 23, 2008. DBLSX is managed by DoubleLine. It was launched on Sep 30, 2011.
Performance
PARYX vs. DBLSX - Performance Comparison
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PARYX vs. DBLSX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
PARYX Putnam Short Duration Bond Fund | -0.16% | 5.96% | 5.19% | 5.62% | -4.53% | 0.52% | 3.37% | 4.90% | 2.23% | 3.48% |
DBLSX DoubleLine Low Duration Bond Fund | 0.36% | 5.74% | 5.32% | 6.76% | -2.69% | 0.70% | 2.02% | 4.73% | 1.40% | 2.65% |
Returns By Period
In the year-to-date period, PARYX achieves a -0.16% return, which is significantly lower than DBLSX's 0.36% return. Both investments have delivered pretty close results over the past 10 years, with PARYX having a 2.94% annualized return and DBLSX not far behind at 2.88%.
PARYX
- 1D
- 0.10%
- 1M
- -0.90%
- YTD
- -0.16%
- 6M
- 1.09%
- 1Y
- 4.08%
- 3Y*
- 4.91%
- 5Y*
- 2.36%
- 10Y*
- 2.94%
DBLSX
- 1D
- 0.10%
- 1M
- -0.52%
- YTD
- 0.36%
- 6M
- 1.52%
- 1Y
- 4.48%
- 3Y*
- 5.40%
- 5Y*
- 3.11%
- 10Y*
- 2.88%
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PARYX vs. DBLSX - Expense Ratio Comparison
PARYX has a 0.37% expense ratio, which is lower than DBLSX's 0.41% expense ratio.
Return for Risk
PARYX vs. DBLSX — Risk / Return Rank
PARYX
DBLSX
PARYX vs. DBLSX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Putnam Short Duration Bond Fund (PARYX) and DoubleLine Low Duration Bond Fund (DBLSX). 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.
| PARYX | DBLSX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 2.32 | 3.69 | -1.37 |
Sortino ratioReturn per unit of downside risk | 4.18 | 5.93 | -1.75 |
Omega ratioGain probability vs. loss probability | 1.60 | 2.04 | -0.44 |
Calmar ratioReturn relative to maximum drawdown | 4.13 | 6.46 | -2.33 |
Martin ratioReturn relative to average drawdown | 16.51 | 28.25 | -11.74 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| PARYX | DBLSX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.32 | 3.69 | -1.37 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.09 | 2.27 | -1.18 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 1.47 | 0.05 | +1.42 |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.31 | 0.05 | +1.26 |
Correlation
The correlation between PARYX and DBLSX is 0.43, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Dividends
PARYX vs. DBLSX - Dividend Comparison
PARYX's dividend yield for the trailing twelve months is around 3.80%, less than DBLSX's 4.19% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PARYX Putnam Short Duration Bond Fund | 3.80% | 4.15% | 3.81% | 3.04% | 1.70% | 1.91% | 2.11% | 2.98% | 2.11% | 2.54% | 2.75% | 1.86% |
DBLSX DoubleLine Low Duration Bond Fund | 4.19% | 4.64% | 5.09% | 4.49% | 2.50% | 1.72% | 2.37% | 3.21% | 2.92% | 2.42% | 2.52% | 2.47% |
Drawdowns
PARYX vs. DBLSX - Drawdown Comparison
The maximum PARYX drawdown since its inception was -7.68%, smaller than the maximum DBLSX drawdown of -57.22%. Use the drawdown chart below to compare losses from any high point for PARYX and DBLSX.
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Drawdown Indicators
| PARYX | DBLSX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -7.68% | -57.22% | +49.54% |
Max Drawdown (1Y)Largest decline over 1 year | -1.10% | -0.72% | -0.38% |
Max Drawdown (5Y)Largest decline over 5 years | -7.16% | -4.71% | -2.45% |
Max Drawdown (10Y)Largest decline over 10 years | -7.68% | -57.22% | +49.54% |
Current DrawdownCurrent decline from peak | -0.90% | -45.38% | +44.48% |
Average DrawdownAverage peak-to-trough decline | -0.76% | -31.35% | +30.59% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.27% | 0.17% | +0.10% |
Volatility
PARYX vs. DBLSX - Volatility Comparison
Putnam Short Duration Bond Fund (PARYX) has a higher volatility of 0.52% compared to DoubleLine Low Duration Bond Fund (DBLSX) at 0.47%. This indicates that PARYX's price experiences larger fluctuations and is considered to be riskier than DBLSX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PARYX | DBLSX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.52% | 0.47% | +0.05% |
Volatility (6M)Calculated over the trailing 6-month period | 1.19% | 0.80% | +0.39% |
Volatility (1Y)Calculated over the trailing 1-year period | 1.92% | 1.24% | +0.68% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 2.18% | 1.38% | +0.80% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 2.01% | 63.98% | -61.97% |