PSDYX vs. BUSIX
Compare and contrast key facts about Putnam Ultra Short Duration Income Fund (PSDYX) and Sterling Capital Ultra Short Bond Fund (BUSIX).
PSDYX is managed by Putnam. It was launched on Oct 17, 2011. BUSIX is managed by Sterling Capital. It was launched on Nov 30, 2012.
Performance
PSDYX vs. BUSIX - Performance Comparison
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PSDYX vs. BUSIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
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% |
BUSIX Sterling Capital Ultra Short Bond Fund | 0.83% | 4.93% | 5.87% | 5.09% | 0.32% | 0.31% | 2.16% | 3.27% | 1.66% | 1.37% |
Returns By Period
In the year-to-date period, PSDYX achieves a 0.38% return, which is significantly lower than BUSIX's 0.83% return. Over the past 10 years, PSDYX has underperformed BUSIX with an annualized return of 2.45%, while BUSIX has yielded a comparatively higher 2.68% annualized return.
PSDYX
- 1D
- 0.10%
- 1M
- -0.39%
- YTD
- 0.38%
- 6M
- 1.52%
- 1Y
- 4.05%
- 3Y*
- 4.71%
- 5Y*
- 3.19%
- 10Y*
- 2.45%
BUSIX
- 1D
- 0.04%
- 1M
- 0.05%
- YTD
- 0.83%
- 6M
- 1.93%
- 1Y
- 4.56%
- 3Y*
- 5.24%
- 5Y*
- 3.45%
- 10Y*
- 2.68%
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PSDYX vs. BUSIX - Expense Ratio Comparison
PSDYX has a 0.30% expense ratio, which is higher than BUSIX's 0.27% expense ratio.
Return for Risk
PSDYX vs. BUSIX — Risk / Return Rank
PSDYX
BUSIX
PSDYX vs. BUSIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Putnam Ultra Short Duration Income Fund (PSDYX) and Sterling Capital Ultra Short Bond Fund (BUSIX). 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.
| PSDYX | BUSIX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 3.07 | 3.78 | -0.71 |
Sortino ratioReturn per unit of downside risk | 9.04 | 13.61 | -4.57 |
Omega ratioGain probability vs. loss probability | 2.84 | 5.42 | -2.58 |
Calmar ratioReturn relative to maximum drawdown | 9.23 | 16.23 | -6.99 |
Martin ratioReturn relative to average drawdown | 37.13 | 104.01 | -66.88 |
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
| PSDYX | BUSIX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 3.07 | 3.78 | -0.71 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 2.52 | 2.81 | -0.29 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 2.37 | 2.42 | -0.05 |
Sharpe Ratio (All Time)Calculated using the full available price history | 2.15 | 2.10 | +0.06 |
Correlation
The correlation between PSDYX and BUSIX is 0.43, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Dividends
PSDYX vs. BUSIX - Dividend Comparison
PSDYX's dividend yield for the trailing twelve months is around 4.17%, more than BUSIX's 3.89% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
BUSIX Sterling Capital Ultra Short Bond Fund | 3.89% | 4.29% | 4.65% | 3.48% | 1.87% | 1.24% | 1.72% | 2.60% | 2.05% | 1.57% | 1.74% | 1.36% |
Drawdowns
PSDYX vs. BUSIX - Drawdown Comparison
The maximum PSDYX drawdown since its inception was -2.58%, smaller than the maximum BUSIX drawdown of -3.16%. Use the drawdown chart below to compare losses from any high point for PSDYX and BUSIX.
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Drawdown Indicators
| PSDYX | BUSIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -2.58% | -3.16% | +0.58% |
Max Drawdown (1Y)Largest decline over 1 year | -0.49% | -0.30% | -0.19% |
Max Drawdown (5Y)Largest decline over 5 years | -0.80% | -1.46% | +0.66% |
Max Drawdown (10Y)Largest decline over 10 years | -2.58% | -3.16% | +0.58% |
Current DrawdownCurrent decline from peak | -0.39% | 0.00% | -0.39% |
Average DrawdownAverage peak-to-trough decline | -0.07% | -0.11% | +0.04% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.12% | 0.05% | +0.07% |
Volatility
PSDYX vs. BUSIX - Volatility Comparison
The current volatility for Putnam Ultra Short Duration Income Fund (PSDYX) is 0.23%, while Sterling Capital Ultra Short Bond Fund (BUSIX) has a volatility of 0.36%. This indicates that PSDYX experiences smaller price fluctuations and is considered to be less risky than BUSIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PSDYX | BUSIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.23% | 0.36% | -0.13% |
Volatility (6M)Calculated over the trailing 6-month period | 0.97% | 0.89% | +0.08% |
Volatility (1Y)Calculated over the trailing 1-year period | 1.46% | 1.32% | +0.14% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 1.27% | 1.23% | +0.04% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 1.04% | 1.11% | -0.07% |