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PBDC vs. QQQI
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Performance

PBDC vs. QQQI - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Putnam BDC Income ETF (PBDC) and NEOS Nasdaq 100 High Income ETF (QQQI). The values are adjusted to include any dividend payments, if applicable.

-5.00%0.00%5.00%10.00%JuneJulyAugustSeptemberOctoberNovember
4.74%
10.39%
PBDC
QQQI

Returns By Period


PBDC

YTD

15.97%

1M

1.79%

6M

4.74%

1Y

20.83%

5Y (annualized)

N/A

10Y (annualized)

N/A

QQQI

YTD

N/A

1M

3.32%

6M

10.39%

1Y

N/A

5Y (annualized)

N/A

10Y (annualized)

N/A

Key characteristics


PBDCQQQI
Daily Std Dev11.09%14.45%
Max Drawdown-10.57%-10.67%
Current Drawdown0.00%-0.56%

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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.


PBDC
Putnam BDC Income ETF
Expense ratio chart for PBDC: current value at 6.79% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%6.79%
Expense ratio chart for QQQI: current value at 0.68% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.68%

Correlation

-0.50.00.51.00.4

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.

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.


Sharpe ratio
The chart of Sharpe ratio for PBDC, currently valued at 1.88, compared to the broader market0.002.004.001.88
The chart of Sortino ratio for PBDC, currently valued at 2.53, compared to the broader market-2.000.002.004.006.008.0010.0012.002.53
The chart of Omega ratio for PBDC, currently valued at 1.34, compared to the broader market0.501.001.502.002.503.001.34
The chart of Calmar ratio for PBDC, currently valued at 2.46, compared to the broader market0.005.0010.0015.0020.002.46
The chart of Martin ratio for PBDC, currently valued at 9.75, compared to the broader market0.0020.0040.0060.0080.00100.009.75
PBDC
QQQI

Chart placeholderNot enough data

Dividends

PBDC vs. QQQI - Dividend Comparison

PBDC's dividend yield for the trailing twelve months is around 9.54%, less than QQQI's 11.73% yield.


TTM20232022
PBDC
Putnam BDC Income ETF
9.54%9.86%3.40%
QQQI
NEOS Nasdaq 100 High Income ETF
11.73%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.


-10.00%-8.00%-6.00%-4.00%-2.00%0.00%JuneJulyAugustSeptemberOctoberNovember0
-0.56%
PBDC
QQQI

Volatility

PBDC vs. QQQI - Volatility Comparison

Putnam BDC Income ETF (PBDC) and NEOS Nasdaq 100 High Income ETF (QQQI) have volatilities of 3.80% and 3.63%, 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.


1.00%2.00%3.00%4.00%5.00%6.00%7.00%8.00%JuneJulyAugustSeptemberOctoberNovember
3.80%
3.63%
PBDC
QQQI