PCRB vs. AFIX
PCRB (Putnam ESG Core Bond ETF -) and AFIX (Allspring Broad Market Core Bond ETF) are both Intermediate Core Bond funds. Both are actively managed. Their correlation of 0.92 suggests significant overlap in exposure. PCRB charges 0.35%/yr vs 0.20%/yr for AFIX.
Performance
PCRB vs. AFIX - Performance Comparison
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Returns By Period
PCRB
- 1D
- —
- 1M
- —
- 6M
- —
- YTD
- —
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
AFIX
- 1D
- 0.31%
- 1M
- -0.40%
- 6M
- -0.11%
- YTD
- 0.21%
- 1Y
- 4.37%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
PCRB vs. AFIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
PCRB Putnam ESG Core Bond ETF - | -0.48% | 7.21% | -1.76% |
AFIX Allspring Broad Market Core Bond ETF | 0.21% | 7.52% | -1.56% |
Correlation
The correlation between PCRB and AFIX is 0.89, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.89 |
Correlation (All Time) Calculated using the full available price history since Dec 5, 2024 | 0.92 |
The correlation between PCRB and AFIX has been stable across timeframes, ranging from 0.89 to 0.92 - a consistent structural relationship.
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Return for Risk
PCRB vs. AFIX — Risk / Return Rank
PCRB
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
AFIX
PCRB vs. AFIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Putnam ESG Core Bond ETF - (PCRB) and Allspring Broad Market Core Bond ETF (AFIX). 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.
| PCRB | AFIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.20 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 1.42 | — |
| Martin ratioReturn relative to average drawdown | — | 3.90 | — |
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Drawdowns
PCRB vs. AFIX - Drawdown Comparison
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Drawdown Indicators
| PCRB | AFIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | — | -3.33% | — |
Max Drawdown (1Y)Largest decline over 1 year | — | -3.10% | — |
Current DrawdownCurrent decline from peak | — | -1.98% | — |
Average DrawdownAverage peak-to-trough decline | — | -1.00% | — |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 1.12% | — |
Volatility
PCRB vs. AFIX - Volatility Comparison
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Volatility by Period
| PCRB | AFIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 1.26% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 3.09% | — |
Volatility (1Y)Calculated over the trailing 1-year period | — | 3.94% | — |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | — | 4.53% | — |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | — | 4.53% | — |
PCRB vs. AFIX - Expense Ratio Comparison
PCRB has a 0.35% expense ratio, which is higher than AFIX's 0.20% expense ratio.
Dividends
PCRB vs. AFIX - Dividend Comparison
PCRB has not paid dividends to shareholders, while AFIX's dividend yield for the trailing twelve months is around 5.06%.
| Position | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
AFIX Allspring Broad Market Core Bond ETF | 5.06% | 4.94% | 0.38% | 0.00% |
PCRB Putnam ESG Core Bond ETF - | 9.42% | 4.30% | 4.38% | 3.65% |
Frequently Asked Questions
PCRB and AFIX have a correlation of 0.89, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, AFIX is cheaper at 0.20% per year. The better choice depends on whether you care most about return, fees, risk, or income.
AFIX is cheaper with a 0.20% expense ratio, compared with 0.35% for PCRB.
PCRB has the higher dividend yield at 9.42%, compared with 5.06% for AFIX.
They also come from different issuers: Putnam and Allspring. Their fees differ too: 0.35% for PCRB and 0.20% for AFIX.
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