PBDC vs. COWZ
Compare and contrast key facts about Putnam BDC Income ETF (PBDC) and Pacer US Cash Cows 100 ETF (COWZ).
PBDC and COWZ are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. PBDC is an actively managed fund by Putnam. It was launched on Sep 29, 2022. COWZ is a passively managed fund by Pacer Advisors that tracks the performance of the Pacer US Cash Cows 100 Index. It was launched on Dec 16, 2016.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: PBDC or COWZ.
Key characteristics
| PBDC | COWZ | |
|---|---|---|
| YTD Return | 13.42% | 16.54% |
| 1Y Return | 20.58% | 27.35% |
| Sharpe Ratio | 1.82 | 1.90 |
| Sortino Ratio | 2.46 | 2.75 |
| Omega Ratio | 1.33 | 1.33 |
| Calmar Ratio | 2.39 | 3.45 |
| Martin Ratio | 9.49 | 8.20 |
| Ulcer Index | 2.13% | 3.19% |
| Daily Std Dev | 11.09% | 13.73% |
| Max Drawdown | -10.57% | -38.63% |
| Current Drawdown | -1.53% | -0.07% |
Correlation
The correlation between PBDC and COWZ is 0.62, 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.
Performance
PBDC vs. COWZ - Performance Comparison
In the year-to-date period, PBDC achieves a 13.42% return, which is significantly lower than COWZ's 16.54% 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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PBDC vs. COWZ - Expense Ratio Comparison
PBDC has a 6.79% expense ratio, which is higher than COWZ's 0.49% expense ratio.
Risk-Adjusted Performance
PBDC vs. COWZ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Putnam BDC Income ETF (PBDC) and Pacer US Cash Cows 100 ETF (COWZ). 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
PBDC vs. COWZ - Dividend Comparison
PBDC's dividend yield for the trailing twelve months is around 9.75%, more than COWZ's 1.82% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|
PBDC Putnam BDC Income ETF | 9.75% | 9.86% | 3.40% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
COWZ Pacer US Cash Cows 100 ETF | 1.82% | 1.92% | 1.96% | 1.48% | 2.54% | 1.96% | 1.67% | 1.94% | 0.13% |
Drawdowns
PBDC vs. COWZ - Drawdown Comparison
The maximum PBDC drawdown since its inception was -10.57%, smaller than the maximum COWZ drawdown of -38.63%. Use the drawdown chart below to compare losses from any high point for PBDC and COWZ. For additional features, visit the drawdowns tool.
Volatility
PBDC vs. COWZ - Volatility Comparison
Putnam BDC Income ETF (PBDC) and Pacer US Cash Cows 100 ETF (COWZ) have volatilities of 3.81% and 3.92%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.