PHYD vs. PULT
PHYD (Putnam ESG High Yield ETF -) and PULT (Putnam ESG Ultra Short ETF) are both exchange-traded funds - PHYD is a High Yield Bonds fund actively managed by Putnam, while PULT is a Ultrashort Bond fund actively managed by Putnam. Both are actively managed. At a 0.16 correlation, their price movements are largely independent. PHYD charges 0.55%/yr vs 0.25%/yr for PULT.
Performance
PHYD vs. PULT - Performance Comparison
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Returns By Period
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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PULT
- 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 vs. PULT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
PHYD Putnam ESG High Yield ETF - | 2.32% | 8.84% | 7.35% | 8.30% |
PULT Putnam ESG Ultra Short ETF | 1.23% | 5.08% | 5.93% | 5.47% |
Correlation
The correlation between PHYD and PULT is 0.17, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.17 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.19 |
Correlation (All Time) Calculated using the full available price history since Jan 20, 2023 | 0.16 |
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Return for Risk
PHYD vs. PULT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Putnam ESG High Yield ETF - (PHYD) and Putnam ESG Ultra Short ETF (PULT). 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
PHYD vs. PULT - Drawdown Comparison
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Volatility
PHYD vs. PULT - Volatility Comparison
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PHYD vs. PULT - Expense Ratio Comparison
PHYD has a 0.55% expense ratio, which is higher than PULT's 0.25% expense ratio.
Dividends
PHYD vs. PULT - Dividend Comparison
Neither PHYD nor PULT has paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
PHYD Putnam ESG High Yield ETF - | 8.52% | 6.63% | 6.80% | 6.15% |
PULT Putnam ESG Ultra Short ETF | 3.89% | 4.59% | 5.38% | 4.88% |
Frequently Asked Questions
PHYD and PULT have a correlation of 0.17, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, PULT is cheaper at 0.25% per year. The better choice depends on whether you care most about return, fees, risk, or income.
PULT is cheaper with a 0.25% expense ratio, compared with 0.55% for PHYD.
PHYD has the higher dividend yield at 8.52%, compared with 3.89% for PULT.
PHYD is categorized as High Yield Bonds, while PULT is Ultrashort Bond. Their fees differ too: 0.55% for PHYD and 0.25% for PULT.
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