PBDC vs. SVOL
Compare and contrast key facts about Putnam BDC Income ETF (PBDC) and Simplify Volatility Premium ETF (SVOL).
PBDC and SVOL 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. SVOL is an actively managed fund by Simplify Asset Management Inc.. It was launched on May 12, 2021.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: PBDC or SVOL.
Key characteristics
| PBDC | SVOL | |
|---|---|---|
| YTD Return | 13.92% | 9.76% |
| 1Y Return | 19.82% | 13.27% |
| Sharpe Ratio | 1.90 | 1.15 |
| Sortino Ratio | 2.56 | 1.54 |
| Omega Ratio | 1.35 | 1.28 |
| Calmar Ratio | 2.49 | 1.25 |
| Martin Ratio | 9.90 | 8.18 |
| Ulcer Index | 2.13% | 1.67% |
| Daily Std Dev | 11.07% | 11.96% |
| Max Drawdown | -10.57% | -15.68% |
| Current Drawdown | -1.10% | 0.00% |
Correlation
The correlation between PBDC and SVOL is 0.48, 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. SVOL - Performance Comparison
In the year-to-date period, PBDC achieves a 13.92% return, which is significantly higher than SVOL's 9.76% 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. SVOL - Expense Ratio Comparison
PBDC has a 6.79% expense ratio, which is higher than SVOL's 0.50% expense ratio.
Risk-Adjusted Performance
PBDC vs. SVOL - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Putnam BDC Income ETF (PBDC) and Simplify Volatility Premium ETF (SVOL). 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. SVOL - Dividend Comparison
PBDC's dividend yield for the trailing twelve months is around 9.71%, less than SVOL's 16.28% yield.
| TTM | 2023 | 2022 | 2021 | |
|---|---|---|---|---|
PBDC Putnam BDC Income ETF | 9.71% | 9.86% | 3.40% | 0.00% |
SVOL Simplify Volatility Premium ETF | 16.28% | 16.37% | 18.31% | 4.65% |
Drawdowns
PBDC vs. SVOL - Drawdown Comparison
The maximum PBDC drawdown since its inception was -10.57%, smaller than the maximum SVOL drawdown of -15.68%. Use the drawdown chart below to compare losses from any high point for PBDC and SVOL. For additional features, visit the drawdowns tool.
Volatility
PBDC vs. SVOL - Volatility Comparison
Putnam BDC Income ETF (PBDC) has a higher volatility of 3.83% compared to Simplify Volatility Premium ETF (SVOL) at 3.42%. This indicates that PBDC's price experiences larger fluctuations and is considered to be riskier than SVOL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.