PMVAX vs. PSDYX
PMVAX (Putnam Sustainable Future Fund) and PSDYX (Putnam Ultra Short Duration Income Fund) are both mutual funds - PMVAX is a Mid Cap Growth Equities fund managed by Putnam, while PSDYX is a Ultrashort Bond fund managed by Putnam. Over the past 10 years, PMVAX returned 8.85%/yr vs 2.53%/yr for PSDYX. Their 0.02 correlation means their historical movements had little consistent relationship. PMVAX charges 1.00%/yr vs 0.30%/yr for PSDYX.
Performance
PMVAX vs. PSDYX - Performance Comparison
Loading charts...
Returns By Period
The year-to-date returns for both stocks are quite close, with PMVAX having a 1.73% return and PSDYX slightly lower at 1.68%. Over the past 10 years, PMVAX has outperformed PSDYX with an annualized return of 8.85%, while PSDYX has yielded a comparatively lower 2.53% annualized return.
PMVAX
- 1D
- 2.58%
- 1M
- -4.05%
- 6M
- 4.28%
- YTD
- 1.73%
- 1Y
- 1.86%
- 3Y*
- 9.24%
- 5Y*
- -1.18%
- 10Y*
- 8.85%
- ALL TIME*
- 9.24%
PSDYX
- 1D
- 0.00%
- 1M
- -0.10%
- 6M
- 1.31%
- YTD
- 1.68%
- 1Y
- 3.63%
- 3Y*
- 4.59%
- 5Y*
- 3.43%
- 10Y*
- 2.53%
- ALL TIME*
- 2.01%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $0.00 | $0.00 | $0.00 |
PMVAX vs. PSDYX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
PMVAX Putnam Sustainable Future Fund | 1.73% | 2.64% | 14.87% | 28.60% | -33.93% | 5.99% | 52.93% | 29.77% | -7.08% | 10.61% |
PSDYX Putnam Ultra Short Duration Income Fund | 1.68% | 4.99% | 5.25% | 4.78% | 0.61% | 0.07% | 1.50% | 2.86% | 1.95% | 1.40% |
Correlation
The correlation between PMVAX and PSDYX is 0.10, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.10 |
Correlation (3Y) Balances recent behavior with more history. | 0.07 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.06 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.04 |
Correlation (All Time) Calculated using the full available price history since Aug 3, 2012 | 0.02 |
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
PMVAX vs. PSDYX — Risk / Return Rank
PMVAX
PSDYX
PMVAX vs. PSDYX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Putnam Sustainable Future Fund (PMVAX) and Putnam Ultra Short Duration Income Fund (PSDYX). 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.
| PMVAX | PSDYX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -3.09 | ||
| Sortino ratioReturn per unit of downside risk | -9.96 | ||
| Omega ratioGain probability vs. loss probability | 1.01 | 3.43 | -2.42 |
| Calmar ratioReturn relative to maximum drawdown | -0.03 | 8.46 | -8.50 |
| Martin ratioReturn relative to average drawdown | -0.09 | 41.33 | -41.42 |
Loading charts...
Drawdowns
PMVAX vs. PSDYX - Drawdown Comparison
The maximum PMVAX drawdown since its inception was -61.94%, which is greater than PSDYX's maximum drawdown of -2.58%. Use the drawdown chart below to compare losses from any high point for PMVAX and PSDYX.
Loading charts...
Drawdown Indicators
| PMVAX | PSDYX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -61.94% | -2.58% | -59.36% |
Max Drawdown (1Y)Largest decline over 1 year | -14.96% | -0.49% | -14.47% |
Max Drawdown (3Y)Largest decline over 3 years | -27.38% | -0.49% | -26.89% |
Max Drawdown (5Y)Largest decline over 5 years | -44.20% | -0.80% | -43.40% |
Max Drawdown (10Y)Largest decline over 10 years | -44.20% | -2.58% | -41.62% |
Current DrawdownCurrent decline from peak | -9.36% | -0.10% | -9.26% |
Average DrawdownAverage peak-to-trough decline | -10.98% | -0.07% | -10.91% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.33% | 0.10% | +5.23% |
Volatility
PMVAX vs. PSDYX - Volatility Comparison
Putnam Sustainable Future Fund (PMVAX) has a higher volatility of 5.64% compared to Putnam Ultra Short Duration Income Fund (PSDYX) at 0.17%. This indicates that PMVAX's price experiences larger fluctuations and is considered to be riskier than PSDYX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| PMVAX | PSDYX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.64% | 0.17% | +5.47% |
Volatility (6M)Calculated over the trailing 6-month period | 14.31% | 0.93% | +13.38% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.65% | 1.36% | +16.29% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.54% | 1.31% | +20.23% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.50% | 1.06% | +19.44% |
PMVAX vs. PSDYX - Expense Ratio Comparison
PMVAX has a 1.00% expense ratio, which is higher than PSDYX's 0.30% expense ratio.
Dividends
PMVAX vs. PSDYX - Dividend Comparison
PMVAX's dividend yield for the trailing twelve months is around 14.00%, more than PSDYX's 3.97% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PMVAX Putnam Sustainable Future Fund | 14.00% | 14.24% | 12.53% | 0.00% | 0.00% | 16.32% | 10.06% | 2.67% | 31.09% | 4.49% | 2.25% | 8.33% |
PSDYX Putnam Ultra Short Duration Income Fund | 3.97% | 4.65% | 4.81% | 3.65% | 1.30% | 0.37% | 1.09% | 2.51% | 2.23% | 1.29% | 0.88% | 0.57% |
Frequently Asked Questions
PMVAX and PSDYX have a correlation of 0.10, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
PMVAX has higher volatility (5.64%) compared to PSDYX (0.17%). In terms of maximum drawdown, PMVAX dropped -61.94% vs PSDYX's -2.58%.
PSDYX currently has the higher Sharpe Ratio (3.07 vs -0.03), 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.
Find the right allocation for PMVAX and PSDYX
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer