PBDC vs. STOT
Compare and contrast key facts about Putnam BDC Income ETF (PBDC) and SPDR DoubleLine Short Duration Total Return Tactical ETF (STOT).
PBDC and STOT 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. STOT is an actively managed fund by State Street. It was launched on Apr 13, 2016.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: PBDC or STOT.
Correlation
The correlation between PBDC and STOT is 0.11, 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. STOT - Performance Comparison
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Key characteristics
PBDC:
0.29
STOT:
3.22
PBDC:
0.50
STOT:
4.74
PBDC:
1.08
STOT:
1.70
PBDC:
0.26
STOT:
7.75
PBDC:
0.96
STOT:
24.90
PBDC:
5.41%
STOT:
0.22%
PBDC:
18.53%
STOT:
1.76%
PBDC:
-20.28%
STOT:
-6.07%
PBDC:
-8.64%
STOT:
-0.71%
Returns By Period
In the year-to-date period, PBDC achieves a -2.17% return, which is significantly lower than STOT's 1.70% return.
PBDC
-2.17%
6.68%
2.56%
5.33%
N/A
N/A
STOT
1.70%
0.41%
2.39%
5.63%
2.45%
N/A
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PBDC vs. STOT - Expense Ratio Comparison
PBDC has a 6.79% expense ratio, which is higher than STOT's 0.45% expense ratio.
Risk-Adjusted Performance
PBDC vs. STOT — Risk-Adjusted Performance Rank
PBDC
STOT
PBDC vs. STOT - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Putnam BDC Income ETF (PBDC) and SPDR DoubleLine Short Duration Total Return Tactical ETF (STOT). 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.
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Dividends
PBDC vs. STOT - Dividend Comparison
PBDC's dividend yield for the trailing twelve months is around 9.80%, more than STOT's 5.00% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
PBDC Putnam BDC Income ETF | 9.80% | 9.29% | 9.86% | 3.40% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
STOT SPDR DoubleLine Short Duration Total Return Tactical ETF | 5.00% | 5.10% | 4.53% | 2.54% | 1.76% | 1.66% | 2.61% | 2.50% | 1.95% | 2.08% |
Drawdowns
PBDC vs. STOT - Drawdown Comparison
The maximum PBDC drawdown since its inception was -20.28%, which is greater than STOT's maximum drawdown of -6.07%. Use the drawdown chart below to compare losses from any high point for PBDC and STOT. For additional features, visit the drawdowns tool.
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Volatility
PBDC vs. STOT - Volatility Comparison
Putnam BDC Income ETF (PBDC) has a higher volatility of 6.33% compared to SPDR DoubleLine Short Duration Total Return Tactical ETF (STOT) at 0.83%. This indicates that PBDC's price experiences larger fluctuations and is considered to be riskier than STOT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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