PLDR vs. LMBS
PLDR (Putnam Sustainable Leaders ETF) and LMBS (First Trust Low Duration Mortgage Opportunities ETF) are both exchange-traded funds - PLDR is a Sustainable fund actively managed by Power Corporation of Canada, while LMBS is a Mortgage Backed Securities fund actively managed by First Trust. Both are actively managed. Over the past 5 years, PLDR returned 9.82%/yr vs 3.03%/yr for LMBS. At a 0.12 correlation, their price movements are largely independent. PLDR charges 0.59%/yr vs 0.68%/yr for LMBS.
Performance
PLDR vs. LMBS - Performance Comparison
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Returns By Period
In the year-to-date period, PLDR achieves a 4.85% return, which is significantly higher than LMBS's 1.24% return.
PLDR
- 1D
- -0.20%
- 1M
- 4.50%
- YTD
- 4.85%
- 6M
- 4.09%
- 1Y
- 20.39%
- 3Y*
- 18.32%
- 5Y*
- 9.82%
- 10Y*
- —
LMBS
- 1D
- -0.10%
- 1M
- 0.11%
- YTD
- 1.24%
- 6M
- 1.47%
- 1Y
- 6.09%
- 3Y*
- 5.73%
- 5Y*
- 3.03%
- 10Y*
- 2.67%
PLDR vs. LMBS - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
PLDR Putnam Sustainable Leaders ETF | 4.85% | 12.03% | 23.47% | 27.47% | -22.52% | 11.57% |
LMBS First Trust Low Duration Mortgage Opportunities ETF | 1.24% | 7.05% | 5.15% | 6.10% | -3.07% | -0.95% |
Correlation
The correlation between PLDR and LMBS is 0.30, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.30 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.22 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.12 |
Correlation (All Time) Calculated using the full available price history since May 27, 2021 | 0.12 |
The correlation between PLDR and LMBS shifts across timeframes, from 0.12 (5 years) to 0.30 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
PLDR vs. LMBS — Risk / Return Rank
PLDR
LMBS
PLDR vs. LMBS - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Putnam Sustainable Leaders ETF (PLDR) and First Trust Low Duration Mortgage Opportunities ETF (LMBS). 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.
| PLDR | LMBS | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.44 | ||
| Sortino ratioReturn per unit of downside risk | -2.46 | ||
| Omega ratioGain probability vs. loss probability | 1.30 | 1.62 | -0.32 |
| Calmar ratioReturn relative to maximum drawdown | 1.60 | 4.28 | -2.68 |
| Martin ratioReturn relative to average drawdown | 6.04 | 18.25 | -12.20 |
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
| PLDR | LMBS | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.66 | 3.10 | -1.44 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.58 | 1.19 | -0.61 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 1.14 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.58 | 1.13 | -0.55 |
Drawdowns
PLDR vs. LMBS - Drawdown Comparison
The maximum PLDR drawdown since its inception was -29.58%, which is greater than LMBS's maximum drawdown of -6.49%. Use the drawdown chart below to compare losses from any high point for PLDR and LMBS.
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Drawdown Indicators
| PLDR | LMBS | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -29.58% | -6.49% | -23.09% |
Max Drawdown (1Y)Largest decline over 1 year | -12.81% | -1.43% | -11.38% |
Max Drawdown (3Y)Largest decline over 3 years | -23.00% | -1.72% | -21.28% |
Max Drawdown (5Y)Largest decline over 5 years | -29.58% | -6.12% | -23.46% |
Max Drawdown (10Y)Largest decline over 10 years | — | -6.49% | — |
Current DrawdownCurrent decline from peak | -0.20% | -0.34% | +0.14% |
Average DrawdownAverage peak-to-trough decline | -8.59% | -0.80% | -7.79% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.38% | 0.33% | +3.05% |
Volatility
PLDR vs. LMBS - Volatility Comparison
Putnam Sustainable Leaders ETF (PLDR) has a higher volatility of 3.19% compared to First Trust Low Duration Mortgage Opportunities ETF (LMBS) at 0.68%. This indicates that PLDR's price experiences larger fluctuations and is considered to be riskier than LMBS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PLDR | LMBS | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.19% | 0.68% | +2.51% |
Volatility (6M)Calculated over the trailing 6-month period | 9.56% | 1.45% | +8.11% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.38% | 1.97% | +10.41% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.07% | 2.56% | +14.51% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.04% | 2.36% | +14.68% |
PLDR vs. LMBS - Expense Ratio Comparison
PLDR has a 0.59% expense ratio, which is lower than LMBS's 0.68% expense ratio.
Dividends
PLDR vs. LMBS - Dividend Comparison
PLDR's dividend yield for the trailing twelve months is around 0.36%, less than LMBS's 4.10% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
LMBS First Trust Low Duration Mortgage Opportunities ETF | 4.10% | 4.08% | 4.28% | 3.96% | 2.22% | 2.04% | 2.27% | 2.55% | 2.76% | 2.73% | 2.84% | 3.03% |
PLDR Putnam Sustainable Leaders ETF | 0.36% | 0.37% | 0.38% | 0.56% | 0.63% | 0.39% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
PLDR and LMBS have a correlation of 0.30, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
PLDR has higher volatility (3.19%) compared to LMBS (0.68%). In terms of maximum drawdown, PLDR dropped -29.58% vs LMBS's -6.49%.
On 5-year performance, PLDR leads with 9.82% vs 3.03% for LMBS. On fees, PLDR is cheaper at 0.59% per year. On volatility, LMBS has been the lower-risk option at 0.68%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, PLDR has performed better with a 9.82% return vs 3.03%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
PLDR is cheaper with a 0.59% expense ratio, compared with 0.68% for LMBS.
LMBS has the higher dividend yield at 4.10%, compared with 0.36% for PLDR.
PLDR is categorized as Sustainable, while LMBS is Mortgage Backed Securities. They also come from different issuers: Power Corporation of Canada and First Trust. Their fees differ too: 0.59% for PLDR and 0.68% for LMBS.
LMBS currently has the higher Sharpe Ratio (3.10 vs 1.66), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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