PULT vs. BIL
Compare and contrast key facts about Putnam ESG Ultra Short ETF (PULT) and SPDR Barclays 1-3 Month T-Bill ETF (BIL).
PULT and BIL are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. PULT is an actively managed fund by Putnam. It was launched on Jan 19, 2023. BIL is a passively managed fund by State Street that tracks the performance of the Barclays Capital U.S. 1-3 Month Treasury Bill Index. It was launched on May 25, 2007.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: PULT or BIL.
Key characteristics
| PULT | BIL | |
|---|---|---|
| YTD Return | 5.21% | 4.55% |
| 1Y Return | 6.48% | 5.28% |
| Sharpe Ratio | 11.65 | 20.36 |
| Sortino Ratio | 31.82 | 273.01 |
| Omega Ratio | 7.19 | 158.62 |
| Calmar Ratio | 45.81 | 482.85 |
| Martin Ratio | 371.32 | 4,446.78 |
| Ulcer Index | 0.02% | 0.00% |
| Daily Std Dev | 0.56% | 0.26% |
| Max Drawdown | -0.33% | -0.77% |
| Current Drawdown | -0.02% | 0.00% |
Correlation
The correlation between PULT and BIL is 0.11, 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
PULT vs. BIL - Performance Comparison
In the year-to-date period, PULT achieves a 5.21% return, which is significantly higher than BIL's 4.55% 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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PULT vs. BIL - Expense Ratio Comparison
PULT has a 0.25% expense ratio, which is higher than BIL's 0.14% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Risk-Adjusted Performance
PULT vs. BIL - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Putnam ESG Ultra Short ETF (PULT) and SPDR Barclays 1-3 Month T-Bill ETF (BIL). 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
PULT vs. BIL - Dividend Comparison
PULT's dividend yield for the trailing twelve months is around 5.43%, more than BIL's 5.15% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|
PULT Putnam ESG Ultra Short ETF | 5.43% | 4.88% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
BIL SPDR Barclays 1-3 Month T-Bill ETF | 5.15% | 4.92% | 1.35% | 0.00% | 0.30% | 2.05% | 1.66% | 0.68% | 0.07% |
Drawdowns
PULT vs. BIL - Drawdown Comparison
The maximum PULT drawdown since its inception was -0.33%, smaller than the maximum BIL drawdown of -0.77%. Use the drawdown chart below to compare losses from any high point for PULT and BIL. For additional features, visit the drawdowns tool.
Volatility
PULT vs. BIL - Volatility Comparison
Putnam ESG Ultra Short ETF (PULT) has a higher volatility of 0.15% compared to SPDR Barclays 1-3 Month T-Bill ETF (BIL) at 0.08%. This indicates that PULT's price experiences larger fluctuations and is considered to be riskier than BIL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.