PSDYX vs. USMV
Compare and contrast key facts about Putnam Ultra Short Duration Income Fund (PSDYX) and iShares Edge MSCI Min Vol USA ETF (USMV).
PSDYX is managed by Putnam. It was launched on Oct 17, 2011. USMV is a passively managed fund by iShares that tracks the performance of the MSCI USA Minimum Volatility Index. It was launched on Oct 18, 2011.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: PSDYX or USMV.
Correlation
The correlation between PSDYX and USMV is 0.03, 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. USMV - Performance Comparison
Key characteristics
PSDYX:
3.56
USMV:
1.81
PSDYX:
14.03
USMV:
2.54
PSDYX:
4.51
USMV:
1.33
PSDYX:
28.68
USMV:
2.36
PSDYX:
80.96
USMV:
7.55
PSDYX:
0.07%
USMV:
2.15%
PSDYX:
1.51%
USMV:
8.90%
PSDYX:
-2.58%
USMV:
-33.10%
PSDYX:
-0.00%
USMV:
-2.32%
Returns By Period
In the year-to-date period, PSDYX achieves a -0.00% return, which is significantly lower than USMV's 3.56% return. Over the past 10 years, PSDYX has underperformed USMV with an annualized return of 2.19%, while USMV has yielded a comparatively higher 10.48% annualized return.
PSDYX
-0.00%
-0.00%
2.05%
5.11%
2.80%
2.19%
USMV
3.56%
3.56%
6.79%
16.00%
8.38%
10.48%
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PSDYX vs. USMV - Expense Ratio Comparison
PSDYX has a 0.30% expense ratio, which is higher than USMV's 0.15% expense ratio.
Risk-Adjusted Performance
PSDYX vs. USMV — Risk-Adjusted Performance Rank
PSDYX
USMV
PSDYX vs. USMV - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Putnam Ultra Short Duration Income Fund (PSDYX) and iShares Edge MSCI Min Vol USA ETF (USMV). 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. USMV - Dividend Comparison
PSDYX's dividend yield for the trailing twelve months is around 4.77%, more than USMV's 1.62% yield.
TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
iShares Edge MSCI Min Vol USA ETF | 1.62% | 1.67% | 1.82% | 1.62% | 1.26% | 1.81% | 1.88% | 2.12% | 1.77% | 2.22% | 2.02% | 1.88% |
Drawdowns
PSDYX vs. USMV - Drawdown Comparison
The maximum PSDYX drawdown since its inception was -2.58%, smaller than the maximum USMV drawdown of -33.10%. Use the drawdown chart below to compare losses from any high point for PSDYX and USMV. For additional features, visit the drawdowns tool.
Volatility
PSDYX vs. USMV - Volatility Comparison
The current volatility for Putnam Ultra Short Duration Income Fund (PSDYX) is 0.42%, while iShares Edge MSCI Min Vol USA ETF (USMV) has a volatility of 2.77%. This indicates that PSDYX experiences smaller price fluctuations and is considered to be less risky than USMV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.