PCRB vs. PHYD
PCRB (Putnam ESG Core Bond ETF -) and PHYD (Putnam ESG High Yield ETF -) are both exchange-traded funds - PCRB is a Intermediate Core Bond fund actively managed by Putnam, while PHYD is a High Yield Bonds fund actively managed by Putnam. Both are actively managed. At a 0.50 correlation, their price movements are largely independent. PCRB charges 0.35%/yr vs 0.55%/yr for PHYD.
Performance
PCRB vs. PHYD - Performance Comparison
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Returns By Period
PCRB
- 1D
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- 1M
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- 6M
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- YTD
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- 1Y
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- 3Y*
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- 5Y*
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- 10Y*
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PHYD
- 1D
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- 1M
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- 6M
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- YTD
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- 1Y
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- 3Y*
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- 5Y*
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- 10Y*
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PCRB vs. PHYD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
PCRB Putnam ESG Core Bond ETF - | -0.48% | 7.21% | 1.91% | 2.40% |
PHYD Putnam ESG High Yield ETF - | 2.32% | 8.84% | 7.35% | 8.30% |
Correlation
The correlation between PCRB and PHYD is 0.49, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.49 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.53 |
Correlation (All Time) Calculated using the full available price history since Jan 20, 2023 | 0.50 |
The correlation between PCRB and PHYD has been stable across timeframes, ranging from 0.49 to 0.53 - a consistent structural relationship.
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Return for Risk
PCRB vs. PHYD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Putnam ESG Core Bond ETF - (PCRB) and Putnam ESG High Yield ETF - (PHYD). 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.
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Drawdowns
PCRB vs. PHYD - Drawdown Comparison
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Volatility
PCRB vs. PHYD - Volatility Comparison
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PCRB vs. PHYD - Expense Ratio Comparison
PCRB has a 0.35% expense ratio, which is lower than PHYD's 0.55% expense ratio.
Dividends
PCRB vs. PHYD - Dividend Comparison
Neither PCRB nor PHYD has paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
PCRB Putnam ESG Core Bond ETF - | 9.42% | 4.30% | 4.38% | 3.65% |
PHYD Putnam ESG High Yield ETF - | 8.52% | 6.63% | 6.80% | 6.15% |
Frequently Asked Questions
PCRB and PHYD have a correlation of 0.49, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, PCRB is cheaper at 0.35% per year. The better choice depends on whether you care most about return, fees, risk, or income.
PCRB is cheaper with a 0.35% expense ratio, compared with 0.55% for PHYD.
PCRB has the higher dividend yield at 9.42%, compared with 8.52% for PHYD.
PCRB is categorized as Intermediate Core Bond, while PHYD is High Yield Bonds. Their fees differ too: 0.35% for PCRB and 0.55% for PHYD.
Find the right allocation for PCRB and PHYD
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