PBDC vs. QQQI
Compare and contrast key facts about Putnam BDC Income ETF (PBDC) and NEOS Nasdaq 100 High Income ETF (QQQI).
PBDC and QQQI 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. QQQI is an actively managed fund by Neos Investments. It was launched on Jan 30, 2024.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: PBDC or QQQI.
Key characteristics
| PBDC | QQQI | |
|---|---|---|
| Daily Std Dev | 11.99% | 15.23% |
| Max Drawdown | -10.57% | -10.67% |
| Current Drawdown | -2.75% | -2.96% |
Correlation
The correlation between PBDC and QQQI is 0.36, 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.
Performance
PBDC vs. QQQI - Performance Comparison
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. QQQI - Expense Ratio Comparison
PBDC has a 6.79% expense ratio, which is higher than QQQI's 0.68% expense ratio.
Risk-Adjusted Performance
PBDC vs. QQQI - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Putnam BDC Income ETF (PBDC) and NEOS Nasdaq 100 High Income ETF (QQQI). 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.
Not enough dataDividends
PBDC vs. QQQI - Dividend Comparison
PBDC's dividend yield for the trailing twelve months is around 9.46%, more than QQQI's 8.50% yield.
| TTM | 2023 | 2022 | |
|---|---|---|---|
PBDC Putnam BDC Income ETF | 9.46% | 9.84% | 3.40% |
QQQI NEOS Nasdaq 100 High Income ETF | 8.50% | 0.00% | 0.00% |
Drawdowns
PBDC vs. QQQI - Drawdown Comparison
The maximum PBDC drawdown since its inception was -10.57%, roughly equal to the maximum QQQI drawdown of -10.67%. Use the drawdown chart below to compare losses from any high point for PBDC and QQQI. For additional features, visit the drawdowns tool.
Volatility
PBDC vs. QQQI - Volatility Comparison
The current volatility for Putnam BDC Income ETF (PBDC) is 2.64%, while NEOS Nasdaq 100 High Income ETF (QQQI) has a volatility of 5.00%. This indicates that PBDC experiences smaller price fluctuations and is considered to be less risky than QQQI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.