PSDYX vs. SPY
Compare and contrast key facts about Putnam Ultra Short Duration Income Fund (PSDYX) and SPDR S&P 500 ETF (SPY).
PSDYX is managed by Putnam. It was launched on Oct 17, 2011. SPY is a passively managed fund by State Street that tracks the performance of the S&P 500 Index. It was launched on Jan 22, 1993.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: PSDYX or SPY.
Correlation
The correlation between PSDYX and SPY 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.
Performance
PSDYX vs. SPY - Performance Comparison
Key characteristics
PSDYX:
3.62
SPY:
2.21
PSDYX:
13.97
SPY:
2.93
PSDYX:
4.39
SPY:
1.41
PSDYX:
29.47
SPY:
3.26
PSDYX:
80.56
SPY:
14.40
PSDYX:
0.07%
SPY:
1.90%
PSDYX:
1.62%
SPY:
12.44%
PSDYX:
-2.58%
SPY:
-55.19%
PSDYX:
-0.10%
SPY:
-1.83%
Returns By Period
In the year-to-date period, PSDYX achieves a 5.27% return, which is significantly lower than SPY's 26.72% return. Over the past 10 years, PSDYX has underperformed SPY with an annualized return of 2.16%, while SPY has yielded a comparatively higher 13.04% annualized return.
PSDYX
5.27%
0.53%
2.94%
5.85%
2.81%
2.16%
SPY
26.72%
0.20%
10.28%
27.17%
14.87%
13.04%
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PSDYX vs. SPY - Expense Ratio Comparison
PSDYX has a 0.30% expense ratio, which is higher than SPY's 0.09% expense ratio.
Risk-Adjusted Performance
PSDYX vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Putnam Ultra Short Duration Income Fund (PSDYX) and SPDR S&P 500 ETF (SPY). 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. SPY - Dividend Comparison
PSDYX's dividend yield for the trailing twelve months is around 5.26%, more than SPY's 1.19% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PSDYX Putnam Ultra Short Duration Income Fund | 5.26% | 4.85% | 1.77% | 0.38% | 1.09% | 2.52% | 2.21% | 1.27% | 0.89% | 0.57% | 0.63% | 0.69% |
SPY SPDR S&P 500 ETF | 1.19% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% | 1.81% |
Drawdowns
PSDYX vs. SPY - Drawdown Comparison
The maximum PSDYX drawdown since its inception was -2.58%, smaller than the maximum SPY drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for PSDYX and SPY. For additional features, visit the drawdowns tool.
Volatility
PSDYX vs. SPY - Volatility Comparison
The current volatility for Putnam Ultra Short Duration Income Fund (PSDYX) is 0.48%, while SPDR S&P 500 ETF (SPY) has a volatility of 3.81%. This indicates that PSDYX experiences smaller price fluctuations and is considered to be less risky than SPY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.