PCRB vs. DDV

Last updated Jul 15, 2026

PCRB (Putnam ESG Core Bond ETF -) and DDV (Defined Duration 5 ETF) are both Intermediate Core Bond funds. Both are actively managed. A 0.61 correlation means they provide meaningful diversification when combined. PCRB charges 0.35%/yr vs 0.25%/yr for DDV.

Performance

PCRB vs. DDV - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Putnam ESG Core Bond ETF - (PCRB) and Defined Duration 5 ETF (DDV). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

PCRB

• 1D: —
• 1M: —
• 6M: —
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

DDV

• 1D: 0.22%
• 1M: 0.08%
• 6M: 1.91%
• YTD: 2.37%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

PCRB vs. DDV - Yearly Performance Comparison

	2026 (YTD)	2025
PCRB Putnam ESG Core Bond ETF -	-0.48%	0.15%
DDV Defined Duration 5 ETF	2.37%	0.47%

Correlation

The correlation between PCRB and DDV is 0.61, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (All Time) Calculated using the full available price history since Nov 13, 2025	0.61

Return for Risk

PCRB vs. DDV - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Putnam ESG Core Bond ETF - (PCRB) and Defined Duration 5 ETF (DDV). 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.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Drawdowns

Drawdown Indicators

	PCRB	DDV	Difference
Max Drawdown Largest peak-to-trough decline	—	-1.92%	—
Current Drawdown Current decline from peak	—	-0.28%	—
Average Drawdown Average peak-to-trough decline	—	-0.34%	—

Volatility

Volatility by Period

	PCRB	DDV	Difference
Volatility (1Y) Calculated over the trailing 1-year period	—	2.68%	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	—	2.68%	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	—	2.68%	—

PCRB vs. DDV - Expense Ratio Comparison

PCRB has a 0.35% expense ratio, which is higher than DDV's 0.25% expense ratio.

Dividends

PCRB vs. DDV - Dividend Comparison

PCRB has not paid dividends to shareholders, while DDV's dividend yield for the trailing twelve months is around 1.62%.

Position	TTM	2025	2024	2023
DDV Defined Duration 5 ETF	1.62%	0.42%	0.00%	0.00%
PCRB Putnam ESG Core Bond ETF -	9.42%	4.30%	4.38%	3.65%

Frequently Asked Questions

Can I hold both PCRB and DDV in my portfolio?

PCRB and DDV have a correlation of 0.61, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, PCRB or DDV?

On fees, DDV is cheaper at 0.25% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, PCRB or DDV?

DDV is cheaper with a 0.25% expense ratio, compared with 0.35% for PCRB.

Which ETF pays a higher dividend yield, PCRB or DDV?

PCRB has the higher dividend yield at 9.42%, compared with 1.62% for DDV.

What is the main difference between PCRB and DDV?

They also come from different issuers: Putnam and Discipline Funds. Their fees differ too: 0.35% for PCRB and 0.25% for DDV.