PBDC vs. FSRNX
Compare and contrast key facts about Putnam BDC Income ETF (PBDC) and Fidelity Real Estate Index Fund (FSRNX).
PBDC is an actively managed fund by Putnam. It was launched on Sep 29, 2022. FSRNX is a passively managed fund by Fidelity that tracks the performance of the MSCI US IMI Real Estate 25/25 Index. It was launched on Aug 9, 2011.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: PBDC or FSRNX.
Key characteristics
| PBDC | FSRNX | |
|---|---|---|
| YTD Return | 13.92% | 11.27% |
| 1Y Return | 19.82% | 31.47% |
| Sharpe Ratio | 1.90 | 1.93 |
| Sortino Ratio | 2.56 | 2.76 |
| Omega Ratio | 1.35 | 1.35 |
| Calmar Ratio | 2.49 | 1.07 |
| Martin Ratio | 9.90 | 7.44 |
| Ulcer Index | 2.13% | 4.42% |
| Daily Std Dev | 11.07% | 17.04% |
| Max Drawdown | -10.57% | -44.26% |
| Current Drawdown | -1.10% | -8.01% |
Correlation
The correlation between PBDC and FSRNX is 0.53, 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. FSRNX - Performance Comparison
In the year-to-date period, PBDC achieves a 13.92% return, which is significantly higher than FSRNX's 11.27% 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. FSRNX - Expense Ratio Comparison
PBDC has a 6.79% expense ratio, which is higher than FSRNX's 0.07% expense ratio.
Risk-Adjusted Performance
PBDC vs. FSRNX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Putnam BDC Income ETF (PBDC) and Fidelity Real Estate Index Fund (FSRNX). 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. FSRNX - Dividend Comparison
PBDC's dividend yield for the trailing twelve months is around 9.71%, more than FSRNX's 2.63% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PBDC Putnam BDC Income ETF | 9.71% | 9.86% | 3.40% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
FSRNX Fidelity Real Estate Index Fund | 2.63% | 2.84% | 2.66% | 1.25% | 3.33% | 3.18% | 3.73% | 2.27% | 2.58% | 2.57% | 4.18% | 3.54% |
Drawdowns
PBDC vs. FSRNX - Drawdown Comparison
The maximum PBDC drawdown since its inception was -10.57%, smaller than the maximum FSRNX drawdown of -44.26%. Use the drawdown chart below to compare losses from any high point for PBDC and FSRNX. For additional features, visit the drawdowns tool.
Volatility
PBDC vs. FSRNX - Volatility Comparison
The current volatility for Putnam BDC Income ETF (PBDC) is 3.83%, while Fidelity Real Estate Index Fund (FSRNX) has a volatility of 5.12%. This indicates that PBDC experiences smaller price fluctuations and is considered to be less risky than FSRNX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.