PHYD vs. ESHY

Last updated Jul 17, 2026

PHYD (Putnam ESG High Yield ETF -) and ESHY (Xtrackers J.P. Morgan ESG USD High Yield Corporate Bond ETF) are both High Yield Bonds funds. PHYD is actively managed, while ESHY is passively managed. PHYD charges 0.55%/yr vs 0.20%/yr for ESHY.

Performance

PHYD vs. ESHY - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Putnam ESG High Yield ETF - (PHYD) and Xtrackers J.P. Morgan ESG USD High Yield Corporate Bond ETF (ESHY). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

PHYD

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

ESHY

• 1D: 0.00%
• 1M: 0.00%
• 6M: —
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

PHYD vs. ESHY - Yearly Performance Comparison

	2026 (YTD)
PHYD Putnam ESG High Yield ETF -	2.01%
ESHY Xtrackers J.P. Morgan ESG USD High Yield Corporate Bond ETF	0.00%

Return for Risk

PHYD vs. ESHY - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Putnam ESG High Yield ETF - (PHYD) and Xtrackers J.P. Morgan ESG USD High Yield Corporate Bond ETF (ESHY). 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

	PHYD	ESHY	Difference
Max Drawdown Largest peak-to-trough decline	—	0.00%	—
Current Drawdown Current decline from peak	—	0.00%	—
Average Drawdown Average peak-to-trough decline	—	0.00%	—

Volatility

Volatility by Period

	PHYD	ESHY	Difference
Volatility (1Y) Calculated over the trailing 1-year period	—	0.00%	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	—	0.00%	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	—	0.00%	—

PHYD vs. ESHY - Expense Ratio Comparison

PHYD has a 0.55% expense ratio, which is higher than ESHY's 0.20% expense ratio.

Dividends

PHYD vs. ESHY - Dividend Comparison

Neither PHYD nor ESHY has paid dividends to shareholders.

Position	TTM	2025	2024	2023
ESHY Xtrackers J.P. Morgan ESG USD High Yield Corporate Bond ETF	0.00%	0.00%	0.00%	0.00%
PHYD Putnam ESG High Yield ETF -	8.52%	6.63%	6.80%	6.15%

Frequently Asked Questions

Which ETF is better, PHYD or ESHY?

On fees, ESHY is cheaper at 0.20% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, PHYD or ESHY?

ESHY is cheaper with a 0.20% expense ratio, compared with 0.55% for PHYD.

Which ETF pays a higher dividend yield, PHYD or ESHY?

PHYD has the higher dividend yield at 8.52%, compared with 0.00% for ESHY.

What is the main difference between PHYD and ESHY?

They also come from different issuers: Putnam and Deutsche Bank. Their fees differ too: 0.55% for PHYD and 0.20% for ESHY.