PSDYX vs. ICSH
Compare and contrast key facts about Putnam Ultra Short Duration Income Fund (PSDYX) and iShares Ultra Short-Term Bond ETF (ICSH).
PSDYX is managed by Putnam. It was launched on Oct 17, 2011. ICSH is an actively managed fund by iShares. It was launched on Dec 11, 2013.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: PSDYX or ICSH.
Key characteristics
| PSDYX | ICSH | |
|---|---|---|
| YTD Return | 4.93% | 4.85% |
| 1Y Return | 6.39% | 5.96% |
| 3Y Return (Ann) | 3.96% | 3.77% |
| 5Y Return (Ann) | 2.78% | 2.68% |
| 10Y Return (Ann) | 2.12% | 2.39% |
| Sharpe Ratio | 3.92 | 13.66 |
| Sortino Ratio | 15.66 | 37.60 |
| Omega Ratio | 4.92 | 8.63 |
| Calmar Ratio | 32.15 | 85.93 |
| Martin Ratio | 90.83 | 544.13 |
| Ulcer Index | 0.07% | 0.01% |
| Daily Std Dev | 1.63% | 0.44% |
| Max Drawdown | -2.58% | -3.94% |
| Current Drawdown | 0.00% | 0.00% |
Correlation
The correlation between PSDYX and ICSH is 0.11, 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.
Performance
PSDYX vs. ICSH - Performance Comparison
The year-to-date returns for both stocks are quite close, with PSDYX having a 4.93% return and ICSH slightly lower at 4.85%. Over the past 10 years, PSDYX has underperformed ICSH with an annualized return of 2.12%, while ICSH has yielded a comparatively higher 2.39% annualized 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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PSDYX vs. ICSH - Expense Ratio Comparison
PSDYX has a 0.30% expense ratio, which is higher than ICSH's 0.08% expense ratio.
Risk-Adjusted Performance
PSDYX vs. ICSH - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Putnam Ultra Short Duration Income Fund (PSDYX) and iShares Ultra Short-Term Bond ETF (ICSH). 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
PSDYX vs. ICSH - Dividend Comparison
PSDYX's dividend yield for the trailing twelve months is around 5.27%, which matches ICSH's 5.27% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PSDYX Putnam Ultra Short Duration Income Fund | 5.27% | 4.85% | 1.77% | 0.38% | 1.09% | 2.52% | 2.21% | 1.27% | 0.89% | 0.57% | 0.63% | 0.69% |
ICSH iShares Ultra Short-Term Bond ETF | 5.27% | 4.78% | 1.66% | 0.42% | 1.22% | 2.60% | 2.19% | 1.36% | 0.88% | 0.54% | 0.46% | 0.00% |
Drawdowns
PSDYX vs. ICSH - Drawdown Comparison
The maximum PSDYX drawdown since its inception was -2.58%, smaller than the maximum ICSH drawdown of -3.94%. Use the drawdown chart below to compare losses from any high point for PSDYX and ICSH. For additional features, visit the drawdowns tool.
Volatility
PSDYX vs. ICSH - Volatility Comparison
Putnam Ultra Short Duration Income Fund (PSDYX) has a higher volatility of 0.45% compared to iShares Ultra Short-Term Bond ETF (ICSH) at 0.12%. This indicates that PSDYX's price experiences larger fluctuations and is considered to be riskier than ICSH based on this measure. The chart below showcases a comparison of their rolling one-month volatility.