PBDC vs. TRUF
PBDC (Putnam BDC Income ETF) and TRUF (VanEck Financials TruSector ETF) are both Financials Equities funds. At a 0.41 correlation, their price movements are largely independent. PBDC charges 13.49%/yr vs 0.10%/yr for TRUF.
Performance
PBDC vs. TRUF - Performance Comparison
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Returns By Period
PBDC
- 1D
- -0.75%
- 1M
- -0.56%
- 6M
- -8.88%
- YTD
- -8.72%
- 1Y
- -13.79%
- 3Y*
- 5.94%
- 5Y*
- —
- 10Y*
- —
TRUF
- 1D
- 0.61%
- 1M
- 5.40%
- 6M
- —
- YTD
- —
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
PBDC vs. TRUF - Yearly Performance Comparison
| 2026 (YTD) | |
|---|---|
PBDC Putnam BDC Income ETF | 3.00% |
TRUF VanEck Financials TruSector ETF | 14.65% |
Correlation
The correlation between PBDC and TRUF is 0.41, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Apr 2, 2026 | 0.41 |
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Return for Risk
PBDC vs. TRUF — Risk / Return Rank
PBDC
TRUF
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
PBDC vs. TRUF - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Putnam BDC Income ETF (PBDC) and VanEck Financials TruSector ETF (TRUF). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| PBDC | TRUF | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 0.89 | — | — |
| Calmar ratioReturn relative to maximum drawdown | -0.69 | — | — |
| Martin ratioReturn relative to average drawdown | -1.14 | — | — |
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Drawdowns
PBDC vs. TRUF - Drawdown Comparison
The maximum PBDC drawdown since its inception was -20.47%, which is greater than TRUF's maximum drawdown of -3.24%. Use the drawdown chart below to compare losses from any high point for PBDC and TRUF.
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Drawdown Indicators
| PBDC | TRUF | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -20.47% | -3.24% | -17.23% |
Max Drawdown (1Y)Largest decline over 1 year | -20.15% | — | — |
Max Drawdown (3Y)Largest decline over 3 years | -20.47% | — | — |
Current DrawdownCurrent decline from peak | -16.27% | -0.15% | -16.12% |
Average DrawdownAverage peak-to-trough decline | -5.00% | -1.12% | -3.88% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 12.17% | — | — |
Volatility
PBDC vs. TRUF - Volatility Comparison
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Volatility by Period
| PBDC | TRUF | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.56% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 15.17% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 18.81% | 13.94% | +4.87% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.02% | 13.94% | +3.08% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.02% | 13.94% | +3.08% |
PBDC vs. TRUF - Expense Ratio Comparison
PBDC has a 13.49% expense ratio, which is higher than TRUF's 0.10% expense ratio.
Dividends
PBDC vs. TRUF - Dividend Comparison
PBDC's dividend yield for the trailing twelve months is around 11.52%, more than TRUF's 0.36% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
PBDC Putnam BDC Income ETF | 11.52% | 10.53% | 9.29% | 9.86% | 3.40% |
TRUF VanEck Financials TruSector ETF | 0.36% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
PBDC and TRUF have a correlation of 0.41, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, TRUF is cheaper at 0.10% per year. The better choice depends on whether you care most about return, fees, risk, or income.
TRUF is cheaper with a 0.10% expense ratio, compared with 13.49% for PBDC.
PBDC has the higher dividend yield at 11.52%, compared with 0.36% for TRUF.
They also come from different issuers: Franklin Templeton and VanEck. Their fees differ too: 13.49% for PBDC and 0.10% for TRUF.
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