PULT vs. CUSD
PULT (Putnam ESG Ultra Short ETF) and CUSD (CrossingBridge Ultra-Short Duration ETF) are both Ultrashort Bond funds. Both are actively managed. At a 0.00 correlation, their price movements are largely independent. PULT charges 0.25%/yr vs 0.81%/yr for CUSD.
Performance
PULT vs. CUSD - Performance Comparison
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Returns By Period
PULT
- 1D
- —
- 1M
- —
- 6M
- —
- YTD
- —
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
CUSD
- 1D
- 0.00%
- 1M
- 1.77%
- 6M
- 1.45%
- YTD
- 2.92%
- 1Y
- 4.60%
- 3Y*
- 5.00%
- 5Y*
- —
- 10Y*
- —
PULT vs. CUSD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
PULT Putnam ESG Ultra Short ETF | 1.23% | 5.08% | 5.93% | 5.47% |
CUSD CrossingBridge Ultra-Short Duration ETF | 2.92% | 5.02% | 4.57% | 5.49% |
Correlation
The correlation between PULT and CUSD is -0.01, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.01 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.01 |
Correlation (All Time) Calculated using the full available price history since Jan 20, 2023 | 0.00 |
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Return for Risk
PULT vs. CUSD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Putnam ESG Ultra Short ETF (PULT) and CrossingBridge Ultra-Short Duration ETF (CUSD). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| PULT | CUSD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.08 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 0.84 | — |
| Martin ratioReturn relative to average drawdown | — | 2.02 | — |
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Drawdowns
PULT vs. CUSD - Drawdown Comparison
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Drawdown Indicators
| PULT | CUSD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | — | -5.42% | — |
Max Drawdown (1Y)Largest decline over 1 year | — | -5.42% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -5.42% | — |
Current DrawdownCurrent decline from peak | — | -1.95% | — |
Average DrawdownAverage peak-to-trough decline | — | -0.51% | — |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 2.25% | — |
Volatility
PULT vs. CUSD - Volatility Comparison
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Volatility by Period
| PULT | CUSD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 8.32% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 12.37% | — |
Volatility (1Y)Calculated over the trailing 1-year period | — | 16.25% | — |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | — | 8.04% | — |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | — | 8.04% | — |
PULT vs. CUSD - Expense Ratio Comparison
PULT has a 0.25% expense ratio, which is lower than CUSD's 0.81% expense ratio.
Dividends
PULT vs. CUSD - Dividend Comparison
Neither PULT nor CUSD has paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
CUSD CrossingBridge Ultra-Short Duration ETF | 13.65% | 14.05% | 7.10% | 3.62% | 1.14% |
PULT Putnam ESG Ultra Short ETF | 3.89% | 4.59% | 5.38% | 4.88% | 0.00% |
Frequently Asked Questions
PULT and CUSD have a correlation of -0.01, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, PULT is cheaper at 0.25% per year. The better choice depends on whether you care most about return, fees, risk, or income.
PULT is cheaper with a 0.25% expense ratio, compared with 0.81% for CUSD.
CUSD has the higher dividend yield at 13.65%, compared with 3.89% for PULT.
They also come from different issuers: Putnam and CrossingBridge. Their fees differ too: 0.25% for PULT and 0.81% for CUSD.
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