PLDR vs. GARP
Compare and contrast key facts about Putnam Sustainable Leaders ETF (PLDR) and iShares MSCI USA Quality GARP ETF (GARP).
PLDR and GARP are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. PLDR is an actively managed fund by Power Corporation of Canada. It was launched on May 25, 2021. GARP is a passively managed fund by iShares that tracks the performance of the MSCI USA Quality GARP Select Index. It was launched on Jan 14, 2020.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: PLDR or GARP.
Key characteristics
| PLDR | GARP | |
|---|---|---|
| YTD Return | 26.80% | 36.97% |
| 1Y Return | 39.91% | 51.19% |
| 3Y Return (Ann) | 7.20% | 13.07% |
| Sharpe Ratio | 2.99 | 2.78 |
| Sortino Ratio | 3.97 | 3.56 |
| Omega Ratio | 1.55 | 1.50 |
| Calmar Ratio | 3.19 | 3.73 |
| Martin Ratio | 16.74 | 14.31 |
| Ulcer Index | 2.33% | 3.50% |
| Daily Std Dev | 13.05% | 18.02% |
| Max Drawdown | -29.57% | -31.34% |
| Current Drawdown | 0.00% | 0.00% |
Correlation
The correlation between PLDR and GARP is 0.95, 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.
Performance
PLDR vs. GARP - Performance Comparison
In the year-to-date period, PLDR achieves a 26.80% return, which is significantly lower than GARP's 36.97% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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PLDR vs. GARP - Expense Ratio Comparison
PLDR has a 0.59% expense ratio, which is higher than GARP's 0.15% expense ratio.
Risk-Adjusted Performance
PLDR vs. GARP - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Putnam Sustainable Leaders ETF (PLDR) and iShares MSCI USA Quality GARP ETF (GARP). 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.
Dividends
PLDR vs. GARP - Dividend Comparison
PLDR's dividend yield for the trailing twelve months is around 0.44%, more than GARP's 0.37% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|
PLDR Putnam Sustainable Leaders ETF | 0.44% | 0.56% | 0.63% | 0.39% | 0.00% |
GARP iShares MSCI USA Quality GARP ETF | 0.37% | 0.75% | 1.85% | 0.67% | 0.75% |
Drawdowns
PLDR vs. GARP - Drawdown Comparison
The maximum PLDR drawdown since its inception was -29.57%, smaller than the maximum GARP drawdown of -31.34%. Use the drawdown chart below to compare losses from any high point for PLDR and GARP. For additional features, visit the drawdowns tool.
Volatility
PLDR vs. GARP - Volatility Comparison
The current volatility for Putnam Sustainable Leaders ETF (PLDR) is 3.78%, while iShares MSCI USA Quality GARP ETF (GARP) has a volatility of 5.97%. This indicates that PLDR experiences smaller price fluctuations and is considered to be less risky than GARP based on this measure. The chart below showcases a comparison of their rolling one-month volatility.