PSDYX vs. PULS
Compare and contrast key facts about Putnam Ultra Short Duration Income Fund (PSDYX) and PGIM Ultra Short Bond ETF (PULS).
PSDYX is managed by Putnam. It was launched on Oct 17, 2011. PULS is an actively managed fund by Prudential. It was launched on Apr 5, 2018.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: PSDYX or PULS.
Key characteristics
| PSDYX | PULS | |
|---|---|---|
| YTD Return | 4.82% | 5.35% |
| 1Y Return | 6.28% | 6.50% |
| 3Y Return (Ann) | 3.97% | 4.37% |
| 5Y Return (Ann) | 2.76% | 3.08% |
| Sharpe Ratio | 3.85 | 12.31 |
| Sortino Ratio | 14.96 | 30.84 |
| Omega Ratio | 4.63 | 7.91 |
| Calmar Ratio | 31.62 | 65.49 |
| Martin Ratio | 88.65 | 402.70 |
| Ulcer Index | 0.07% | 0.02% |
| Daily Std Dev | 1.63% | 0.54% |
| Max Drawdown | -2.58% | -5.85% |
| Current Drawdown | -0.10% | -0.02% |
Correlation
The correlation between PSDYX and PULS is 0.19, 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. PULS - Performance Comparison
In the year-to-date period, PSDYX achieves a 4.82% return, which is significantly lower than PULS's 5.35% 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. PULS - Expense Ratio Comparison
PSDYX has a 0.30% expense ratio, which is higher than PULS's 0.15% expense ratio.
Risk-Adjusted Performance
PSDYX vs. PULS - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Putnam Ultra Short Duration Income Fund (PSDYX) and PGIM Ultra Short Bond ETF (PULS). 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. PULS - Dividend Comparison
PSDYX's dividend yield for the trailing twelve months is around 5.28%, less than PULS's 5.70% 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% |
PULS PGIM Ultra Short Bond ETF | 5.70% | 5.48% | 2.30% | 1.19% | 1.85% | 2.92% | 1.87% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
PSDYX vs. PULS - Drawdown Comparison
The maximum PSDYX drawdown since its inception was -2.58%, smaller than the maximum PULS drawdown of -5.85%. Use the drawdown chart below to compare losses from any high point for PSDYX and PULS. For additional features, visit the drawdowns tool.
Volatility
PSDYX vs. PULS - Volatility Comparison
Putnam Ultra Short Duration Income Fund (PSDYX) has a higher volatility of 0.47% compared to PGIM Ultra Short Bond ETF (PULS) at 0.13%. This indicates that PSDYX's price experiences larger fluctuations and is considered to be riskier than PULS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.