PSDYX vs. ITOT
Compare and contrast key facts about Putnam Ultra Short Duration Income Fund (PSDYX) and iShares Core S&P Total U.S. Stock Market ETF (ITOT).
PSDYX is managed by Putnam. It was launched on Oct 17, 2011. ITOT is a passively managed fund by iShares that tracks the performance of the S&P Composite 1500 Index. It was launched on Jan 20, 2004.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: PSDYX or ITOT.
Key characteristics
| PSDYX | ITOT | |
|---|---|---|
| YTD Return | 4.82% | 26.74% |
| 1Y Return | 6.28% | 38.99% |
| 3Y Return (Ann) | 3.97% | 8.91% |
| 5Y Return (Ann) | 2.76% | 15.42% |
| 10Y Return (Ann) | 2.12% | 13.03% |
| Sharpe Ratio | 3.85 | 3.24 |
| Sortino Ratio | 14.96 | 4.29 |
| Omega Ratio | 4.63 | 1.60 |
| Calmar Ratio | 31.62 | 4.83 |
| Martin Ratio | 88.99 | 21.09 |
| Ulcer Index | 0.07% | 1.95% |
| Daily Std Dev | 1.64% | 12.65% |
| Max Drawdown | -2.58% | -55.21% |
| Current Drawdown | -0.10% | 0.00% |
Correlation
The correlation between PSDYX and ITOT is -0.01. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.
Performance
PSDYX vs. ITOT - Performance Comparison
In the year-to-date period, PSDYX achieves a 4.82% return, which is significantly lower than ITOT's 26.74% return. Over the past 10 years, PSDYX has underperformed ITOT with an annualized return of 2.12%, while ITOT has yielded a comparatively higher 13.03% 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. ITOT - Expense Ratio Comparison
PSDYX has a 0.30% expense ratio, which is higher than ITOT's 0.03% expense ratio.
Risk-Adjusted Performance
PSDYX vs. ITOT - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Putnam Ultra Short Duration Income Fund (PSDYX) and iShares Core S&P Total U.S. Stock Market ETF (ITOT). 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. ITOT - Dividend Comparison
PSDYX's dividend yield for the trailing twelve months is around 5.28%, more than ITOT's 1.20% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PSDYX Putnam Ultra Short Duration Income Fund | 5.28% | 4.85% | 1.77% | 0.38% | 1.09% | 2.52% | 2.21% | 1.27% | 0.89% | 0.57% | 0.63% | 0.69% |
ITOT iShares Core S&P Total U.S. Stock Market ETF | 1.20% | 1.47% | 1.66% | 1.18% | 1.41% | 1.88% | 2.14% | 1.69% | 1.83% | 2.01% | 2.20% | 2.06% |
Drawdowns
PSDYX vs. ITOT - Drawdown Comparison
The maximum PSDYX drawdown since its inception was -2.58%, smaller than the maximum ITOT drawdown of -55.21%. Use the drawdown chart below to compare losses from any high point for PSDYX and ITOT. For additional features, visit the drawdowns tool.
Volatility
PSDYX vs. ITOT - Volatility Comparison
The current volatility for Putnam Ultra Short Duration Income Fund (PSDYX) is 0.47%, while iShares Core S&P Total U.S. Stock Market ETF (ITOT) has a volatility of 4.03%. This indicates that PSDYX experiences smaller price fluctuations and is considered to be less risky than ITOT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.