PHYD vs. SHYG
Compare and contrast key facts about Putnam ESG High Yield ETF - (PHYD) and iShares 0-5 Year High Yield Corporate Bond ETF (SHYG).
PHYD and SHYG are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. PHYD is an actively managed fund by Putnam. It was launched on Jan 19, 2023. SHYG is a passively managed fund by iShares that tracks the performance of the Markit iBoxx USD Liquid High Yield 0-5 Index. It was launched on Oct 15, 2013.
Performance
PHYD vs. SHYG - Performance Comparison
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PHYD vs. SHYG - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
PHYD Putnam ESG High Yield ETF - | -0.36% | 8.84% | 7.35% | 8.07% |
SHYG iShares 0-5 Year High Yield Corporate Bond ETF | -0.16% | 7.94% | 8.17% | 7.70% |
Returns By Period
In the year-to-date period, PHYD achieves a -0.36% return, which is significantly lower than SHYG's -0.16% return.
PHYD
- 1D
- 0.86%
- 1M
- -0.68%
- YTD
- -0.36%
- 6M
- 1.58%
- 1Y
- 7.47%
- 3Y*
- 8.02%
- 5Y*
- —
- 10Y*
- —
SHYG
- 1D
- 0.88%
- 1M
- -0.49%
- YTD
- -0.16%
- 6M
- 1.16%
- 1Y
- 6.71%
- 3Y*
- 7.66%
- 5Y*
- 4.73%
- 10Y*
- 5.34%
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PHYD vs. SHYG - Expense Ratio Comparison
PHYD has a 0.55% expense ratio, which is higher than SHYG's 0.30% expense ratio.
Return for Risk
PHYD vs. SHYG — Risk / Return Rank
PHYD
SHYG
PHYD vs. SHYG - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Putnam ESG High Yield ETF - (PHYD) and iShares 0-5 Year High Yield Corporate Bond ETF (SHYG). 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.
| PHYD | SHYG | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.51 | 1.30 | +0.21 |
Sortino ratioReturn per unit of downside risk | 2.36 | 1.94 | +0.42 |
Omega ratioGain probability vs. loss probability | 1.36 | 1.33 | +0.03 |
Calmar ratioReturn relative to maximum drawdown | 2.05 | 1.78 | +0.27 |
Martin ratioReturn relative to average drawdown | 11.02 | 10.07 | +0.94 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| PHYD | SHYG | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.51 | 1.30 | +0.21 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.83 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.83 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.62 | 0.71 | +0.91 |
Correlation
The correlation between PHYD and SHYG is 0.83, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Dividends
PHYD vs. SHYG - Dividend Comparison
PHYD's dividend yield for the trailing twelve months is around 9.19%, more than SHYG's 7.07% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PHYD Putnam ESG High Yield ETF - | 9.19% | 6.63% | 6.80% | 6.15% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SHYG iShares 0-5 Year High Yield Corporate Bond ETF | 7.07% | 7.03% | 6.93% | 6.54% | 5.57% | 4.83% | 5.07% | 5.33% | 5.90% | 5.49% | 5.53% | 5.17% |
Drawdowns
PHYD vs. SHYG - Drawdown Comparison
The maximum PHYD drawdown since its inception was -4.33%, smaller than the maximum SHYG drawdown of -19.26%. Use the drawdown chart below to compare losses from any high point for PHYD and SHYG.
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Drawdown Indicators
| PHYD | SHYG | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -4.33% | -19.26% | +14.93% |
Max Drawdown (1Y)Largest decline over 1 year | -3.71% | -3.77% | +0.06% |
Max Drawdown (5Y)Largest decline over 5 years | — | -9.39% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -19.26% | — |
Current DrawdownCurrent decline from peak | -1.26% | -0.76% | -0.50% |
Average DrawdownAverage peak-to-trough decline | -0.65% | -1.46% | +0.81% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.69% | 0.67% | +0.02% |
Volatility
PHYD vs. SHYG - Volatility Comparison
The current volatility for Putnam ESG High Yield ETF - (PHYD) is 1.74%, while iShares 0-5 Year High Yield Corporate Bond ETF (SHYG) has a volatility of 1.96%. This indicates that PHYD experiences smaller price fluctuations and is considered to be less risky than SHYG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PHYD | SHYG | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.74% | 1.96% | -0.22% |
Volatility (6M)Calculated over the trailing 6-month period | 2.53% | 2.46% | +0.07% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.98% | 5.20% | -0.22% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.63% | 5.71% | -1.08% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.63% | 6.43% | -1.80% |