PARYX vs. STBFX
Compare and contrast key facts about Putnam Short Duration Bond Fund (PARYX) and Sextant Short Term Bond Fund (STBFX).
PARYX is managed by Putnam. It was launched on Dec 23, 2008. STBFX is managed by Sextant Mutual Funds. It was launched on Sep 28, 1995.
Performance
PARYX vs. STBFX - Performance Comparison
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PARYX vs. STBFX - 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% |
STBFX Sextant Short Term Bond Fund | 0.28% | 4.92% | 3.87% | 3.79% | -4.16% | -1.09% | 3.42% | 4.03% | 1.09% | 0.50% |
Returns By Period
In the year-to-date period, PARYX achieves a -0.16% return, which is significantly lower than STBFX's 0.28% return. Over the past 10 years, PARYX has outperformed STBFX with an annualized return of 2.94%, while STBFX has yielded a comparatively lower 1.74% annualized return.
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%
STBFX
- 1D
- 0.00%
- 1M
- -0.41%
- YTD
- 0.28%
- 6M
- 1.33%
- 1Y
- 3.81%
- 3Y*
- 3.83%
- 5Y*
- 1.62%
- 10Y*
- 1.74%
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PARYX vs. STBFX - Expense Ratio Comparison
PARYX has a 0.37% expense ratio, which is lower than STBFX's 0.60% expense ratio.
Return for Risk
PARYX vs. STBFX — Risk / Return Rank
PARYX
STBFX
PARYX vs. STBFX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Putnam Short Duration Bond Fund (PARYX) and Sextant Short Term Bond Fund (STBFX). 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 | STBFX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 2.32 | 1.93 | +0.39 |
Sortino ratioReturn per unit of downside risk | 4.18 | 3.08 | +1.10 |
Omega ratioGain probability vs. loss probability | 1.60 | 1.49 | +0.11 |
Calmar ratioReturn relative to maximum drawdown | 4.13 | 6.79 | -2.66 |
Martin ratioReturn relative to average drawdown | 16.51 | 17.29 | -0.79 |
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 | STBFX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.32 | 1.93 | +0.39 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.09 | 0.72 | +0.37 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 1.47 | 0.87 | +0.59 |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.31 | 1.23 | +0.08 |
Correlation
The correlation between PARYX and STBFX is 0.28, 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
PARYX vs. STBFX - Dividend Comparison
PARYX's dividend yield for the trailing twelve months is around 3.80%, more than STBFX's 3.14% 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% |
STBFX Sextant Short Term Bond Fund | 3.14% | 3.17% | 2.77% | 1.84% | 1.04% | 1.07% | 1.60% | 1.75% | 1.47% | 1.30% | 1.06% | 1.07% |
Drawdowns
PARYX vs. STBFX - Drawdown Comparison
The maximum PARYX drawdown since its inception was -7.68%, which is greater than STBFX's maximum drawdown of -6.79%. Use the drawdown chart below to compare losses from any high point for PARYX and STBFX.
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Drawdown Indicators
| PARYX | STBFX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -7.68% | -6.79% | -0.89% |
Max Drawdown (1Y)Largest decline over 1 year | -1.10% | -0.60% | -0.50% |
Max Drawdown (5Y)Largest decline over 5 years | -7.16% | -6.68% | -0.48% |
Max Drawdown (10Y)Largest decline over 10 years | -7.68% | -6.79% | -0.89% |
Current DrawdownCurrent decline from peak | -0.90% | -0.41% | -0.49% |
Average DrawdownAverage peak-to-trough decline | -0.76% | -0.62% | -0.14% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.27% | 0.24% | +0.03% |
Volatility
PARYX vs. STBFX - Volatility Comparison
The current volatility for Putnam Short Duration Bond Fund (PARYX) is 0.52%, while Sextant Short Term Bond Fund (STBFX) has a volatility of 0.77%. This indicates that PARYX experiences smaller price fluctuations and is considered to be less risky than STBFX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PARYX | STBFX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.52% | 0.77% | -0.25% |
Volatility (6M)Calculated over the trailing 6-month period | 1.19% | 1.43% | -0.24% |
Volatility (1Y)Calculated over the trailing 1-year period | 1.92% | 2.13% | -0.21% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 2.18% | 2.25% | -0.07% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 2.01% | 2.00% | +0.01% |