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:
3.56
SPY:
1.88
PSDYX:
14.03
SPY:
2.52
PSDYX:
4.51
SPY:
1.34
PSDYX:
28.68
SPY:
2.88
PSDYX:
80.96
SPY:
11.98
PSDYX:
0.07%
SPY:
2.02%
PSDYX:
1.51%
SPY:
12.78%
PSDYX:
-2.58%
SPY:
-55.19%
PSDYX:
-0.00%
SPY:
-1.30%
Returns By Period
In the year-to-date period, PSDYX achieves a -0.00% return, which is significantly lower than SPY's 2.69% return. Over the past 10 years, PSDYX has underperformed SPY with an annualized return of 2.19%, while SPY has yielded a comparatively higher 13.37% annualized return.
PSDYX
-0.00%
-0.00%
2.05%
5.11%
2.80%
2.19%
SPY
2.69%
2.69%
13.66%
24.60%
15.11%
13.37%
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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 Rank
PSDYX
SPY
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 4.77%, more than SPY's 1.17% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PSDYX Putnam Ultra Short Duration Income Fund | 4.77% | 5.21% | 4.85% | 1.77% | 0.38% | 1.09% | 2.52% | 2.21% | 1.27% | 0.89% | 0.57% | 0.63% |
SPY SPDR S&P 500 ETF | 1.17% | 1.21% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% |
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 0.42%, while SPDR S&P 500 ETF (SPY) has a volatility of 3.95%. 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.