PNSAX vs. PSDYX
Compare and contrast key facts about Putnam Small Cap Growth Fund (PNSAX) and Putnam Ultra Short Duration Income Fund (PSDYX).
PNSAX is managed by Putnam. It was launched on Dec 31, 1997. PSDYX is managed by Putnam. It was launched on Oct 17, 2011.
Performance
PNSAX vs. PSDYX - Performance Comparison
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PNSAX vs. PSDYX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
PNSAX Putnam Small Cap Growth Fund | -0.28% | 8.91% | 22.98% | 22.87% | -28.10% | 14.38% | 47.65% | 37.60% | -2.46% | 20.19% |
PSDYX Putnam Ultra Short Duration Income Fund | 0.38% | 4.99% | 5.25% | 4.78% | 0.61% | 0.07% | 1.50% | 2.86% | 1.95% | 1.40% |
Returns By Period
In the year-to-date period, PNSAX achieves a -0.28% return, which is significantly lower than PSDYX's 0.38% return. Over the past 10 years, PNSAX has outperformed PSDYX with an annualized return of 13.98%, while PSDYX has yielded a comparatively lower 2.45% annualized return.
PNSAX
- 1D
- 5.00%
- 1M
- -7.90%
- YTD
- -0.28%
- 6M
- -2.39%
- 1Y
- 20.42%
- 3Y*
- 15.34%
- 5Y*
- 5.04%
- 10Y*
- 13.98%
PSDYX
- 1D
- 0.00%
- 1M
- -0.30%
- YTD
- 0.38%
- 6M
- 1.42%
- 1Y
- 4.05%
- 3Y*
- 4.71%
- 5Y*
- 3.19%
- 10Y*
- 2.45%
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PNSAX vs. PSDYX - Expense Ratio Comparison
PNSAX has a 1.23% expense ratio, which is higher than PSDYX's 0.30% expense ratio.
Return for Risk
PNSAX vs. PSDYX — Risk / Return Rank
PNSAX
PSDYX
PNSAX vs. PSDYX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Putnam Small Cap Growth Fund (PNSAX) 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.
| PNSAX | PSDYX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.86 | 2.88 | -2.02 |
Sortino ratioReturn per unit of downside risk | 1.36 | 8.25 | -6.90 |
Omega ratioGain probability vs. loss probability | 1.17 | 2.68 | -1.51 |
Calmar ratioReturn relative to maximum drawdown | 1.49 | 9.02 | -7.53 |
Martin ratioReturn relative to average drawdown | 5.15 | 35.56 | -30.41 |
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
| PNSAX | PSDYX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.86 | 2.88 | -2.02 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.22 | 2.52 | -2.30 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.60 | 2.37 | -1.77 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.42 | 2.15 | -1.74 |
Correlation
The correlation between PNSAX and PSDYX is 0.00, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Dividends
PNSAX vs. PSDYX - Dividend Comparison
PNSAX's dividend yield for the trailing twelve months is around 0.43%, less than PSDYX's 4.17% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PNSAX Putnam Small Cap Growth Fund | 0.43% | 0.42% | 0.00% | 0.00% | 0.00% | 15.27% | 4.87% | 1.93% | 1.88% | 0.00% | 0.00% | 0.00% |
PSDYX Putnam Ultra Short Duration Income Fund | 4.17% | 4.65% | 4.81% | 3.65% | 1.30% | 0.37% | 1.09% | 2.51% | 2.23% | 1.29% | 0.88% | 0.57% |
Drawdowns
PNSAX vs. PSDYX - Drawdown Comparison
The maximum PNSAX drawdown since its inception was -69.47%, which is greater than PSDYX's maximum drawdown of -2.58%. Use the drawdown chart below to compare losses from any high point for PNSAX and PSDYX.
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Drawdown Indicators
| PNSAX | PSDYX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -69.47% | -2.58% | -66.89% |
Max Drawdown (1Y)Largest decline over 1 year | -14.00% | -0.49% | -13.51% |
Max Drawdown (5Y)Largest decline over 5 years | -38.77% | -0.80% | -37.97% |
Max Drawdown (10Y)Largest decline over 10 years | -38.77% | -2.58% | -36.19% |
Current DrawdownCurrent decline from peak | -9.70% | -0.39% | -9.31% |
Average DrawdownAverage peak-to-trough decline | -23.68% | -0.07% | -23.61% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.05% | 0.12% | +3.93% |
Volatility
PNSAX vs. PSDYX - Volatility Comparison
Putnam Small Cap Growth Fund (PNSAX) has a higher volatility of 10.40% compared to Putnam Ultra Short Duration Income Fund (PSDYX) at 0.22%. This indicates that PNSAX'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.
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Volatility by Period
| PNSAX | PSDYX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.40% | 0.22% | +10.18% |
Volatility (6M)Calculated over the trailing 6-month period | 17.67% | 0.97% | +16.70% |
Volatility (1Y)Calculated over the trailing 1-year period | 24.86% | 1.45% | +23.41% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 23.05% | 1.27% | +21.78% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 23.43% | 1.04% | +22.39% |