PBDC vs. IXG
Compare and contrast key facts about Putnam BDC Income ETF (PBDC) and iShares Global Financials ETF (IXG).
PBDC and IXG 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. IXG is a passively managed fund by iShares that tracks the performance of the S&P Global Financials Sector Index. It was launched on Nov 12, 2001.
Performance
PBDC vs. IXG - Performance Comparison
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PBDC vs. IXG - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
PBDC Putnam BDC Income ETF | -9.87% | -1.77% | 19.43% | 30.52% | 10.86% |
IXG iShares Global Financials ETF | -5.62% | 28.54% | 25.69% | 14.97% | 16.37% |
Returns By Period
In the year-to-date period, PBDC achieves a -9.87% return, which is significantly lower than IXG's -5.62% return.
PBDC
- 1D
- 2.38%
- 1M
- 2.99%
- YTD
- -9.87%
- 6M
- -8.48%
- 1Y
- -12.07%
- 3Y*
- 9.33%
- 5Y*
- —
- 10Y*
- —
IXG
- 1D
- 2.87%
- 1M
- -4.83%
- YTD
- -5.62%
- 6M
- -1.42%
- 1Y
- 13.11%
- 3Y*
- 21.31%
- 5Y*
- 11.87%
- 10Y*
- 11.63%
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PBDC vs. IXG - Expense Ratio Comparison
PBDC has a 6.79% expense ratio, which is higher than IXG's 0.46% expense ratio.
Return for Risk
PBDC vs. IXG — Risk / Return Rank
PBDC
IXG
PBDC vs. IXG - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Putnam BDC Income ETF (PBDC) and iShares Global Financials ETF (IXG). 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.
| PBDC | IXG | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | -0.56 | 0.73 | -1.29 |
Sortino ratioReturn per unit of downside risk | -0.66 | 1.09 | -1.74 |
Omega ratioGain probability vs. loss probability | 0.92 | 1.16 | -0.24 |
Calmar ratioReturn relative to maximum drawdown | -0.61 | 1.07 | -1.67 |
Martin ratioReturn relative to average drawdown | -1.29 | 3.96 | -5.26 |
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
| PBDC | IXG | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.56 | 0.73 | -1.29 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.69 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.58 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.78 | 0.23 | +0.55 |
Correlation
The correlation between PBDC and IXG is 0.63, 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
PBDC vs. IXG - Dividend Comparison
PBDC's dividend yield for the trailing twelve months is around 11.69%, more than IXG's 2.16% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PBDC Putnam BDC Income ETF | 11.69% | 10.53% | 9.29% | 9.86% | 3.40% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
IXG iShares Global Financials ETF | 2.16% | 2.04% | 2.64% | 2.62% | 3.71% | 1.69% | 2.13% | 2.87% | 3.14% | 2.12% | 2.21% | 2.79% |
Drawdowns
PBDC vs. IXG - Drawdown Comparison
The maximum PBDC drawdown since its inception was -20.47%, smaller than the maximum IXG drawdown of -78.42%. Use the drawdown chart below to compare losses from any high point for PBDC and IXG.
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Drawdown Indicators
| PBDC | IXG | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -20.47% | -78.42% | +57.95% |
Max Drawdown (1Y)Largest decline over 1 year | -20.15% | -12.79% | -7.36% |
Max Drawdown (5Y)Largest decline over 5 years | — | -27.20% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -43.47% | — |
Current DrawdownCurrent decline from peak | -17.32% | -8.13% | -9.19% |
Average DrawdownAverage peak-to-trough decline | -4.13% | -19.88% | +15.75% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 9.47% | 3.44% | +6.03% |
Volatility
PBDC vs. IXG - Volatility Comparison
Putnam BDC Income ETF (PBDC) and iShares Global Financials ETF (IXG) have volatilities of 6.16% and 5.96%, 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.
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Volatility by Period
| PBDC | IXG | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.16% | 5.96% | +0.20% |
Volatility (6M)Calculated over the trailing 6-month period | 14.25% | 10.50% | +3.75% |
Volatility (1Y)Calculated over the trailing 1-year period | 21.62% | 18.12% | +3.50% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.73% | 17.30% | -0.57% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.73% | 20.15% | -3.42% |