PULT vs. GSUI

Last updated Jun 4, 2026

PULT (Putnam ESG Ultra Short ETF) and GSUI (Grayscale Sui Staking ETF) are both exchange-traded funds - PULT is a Ultrashort Bond fund actively managed by Putnam, while GSUI is a Cryptocurrency fund tracking the CoinDesk SUI Reference Rate. PULT is actively managed, while GSUI is passively managed. At a correlation of -0.14, they often move in opposite directions. PULT charges 0.25%/yr vs 0.00%/yr for GSUI.

Performance

PULT vs. GSUI - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Putnam ESG Ultra Short ETF (PULT) and Grayscale Sui Staking ETF (GSUI). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, PULT achieves a 1.23% return, which is significantly higher than GSUI's -39.93% return.

PULT

• 1D: -0.29%
• 1M: 0.35%
• YTD: 1.23%
• 6M: 1.65%
• 1Y: 4.26%
• 3Y*: 5.35%
• 5Y*: —
• 10Y*: —

GSUI

• 1D: -1.09%
• 1M: -12.82%
• YTD: -39.93%
• 6M: -46.50%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

PULT vs. GSUI - Yearly Performance Comparison

	2026 (YTD)	2025
PULT Putnam ESG Ultra Short ETF	1.23%	0.60%
GSUI Grayscale Sui Staking ETF	-39.93%	-34.63%

Correlation

The correlation between PULT and GSUI is -0.14, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.

	Correlation
Correlation (All Time) Calculated using the full available price history since Nov 25, 2025	-0.14

Return for Risk

PULT vs. GSUI — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

PULT

PULT Risk / Return Rank: 98
PULT Sharpe Ratio Rank: 98
PULT Sortino Ratio Rank: 99
PULT Omega Ratio Rank: 99
PULT Calmar Ratio Rank: 98
PULT Martin Ratio Rank: 99

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

PULT vs. GSUI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Putnam ESG Ultra Short ETF (PULT) and Grayscale Sui Staking ETF (GSUI). 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.

	PULT	GSUI	Difference
Sharpe ratio: Return per unit of total volatility	5.71	—	—
Sortino ratio: Return per unit of downside risk	10.25	—	—
Omega ratio: Gain probability vs. loss probability	3.12	—	—
Calmar ratio: Return relative to maximum drawdown	14.92	—	—
Martin ratio: Return relative to average drawdown	102.05	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	PULT	GSUI	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	5.71	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	8.37	-0.78	+9.15

Drawdowns

PULT vs. GSUI - Drawdown Comparison

The maximum PULT drawdown since its inception was -0.34%, smaller than the maximum GSUI drawdown of -60.73%. Use the drawdown chart below to compare losses from any high point for PULT and GSUI.

Drawdown Indicators

	PULT	GSUI	Difference
Max Drawdown Largest peak-to-trough decline	-0.34%	-60.73%	+60.39%
Max Drawdown (1Y) Largest decline over 1 year	-0.29%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-0.29%	—	—
Current Drawdown Current decline from peak	-0.29%	-60.73%	+60.44%
Average Drawdown Average peak-to-trough decline	-0.02%	-43.81%	+43.79%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.04%	—	—

Volatility

Volatility by Period

	PULT	GSUI	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.52%	—	—
Volatility (6M) Calculated over the trailing 6-month period	0.62%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	0.75%	107.79%	-107.04%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	0.63%	107.79%	-107.16%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	0.63%	107.79%	-107.16%

PULT vs. GSUI - Expense Ratio Comparison

PULT has a 0.25% expense ratio, which is higher than GSUI's 0.00% 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%.

Dividends

PULT vs. GSUI - Dividend Comparison

PULT's dividend yield for the trailing twelve months is around 4.65%, while GSUI has not paid dividends to shareholders.

Position	TTM	2025	2024	2023
GSUI Grayscale Sui Staking ETF	0.00%	0.00%	0.00%	0.00%
PULT Putnam ESG Ultra Short ETF	4.65%	4.59%	5.38%	4.88%

Frequently Asked Questions

Can I hold both PULT and GSUI in my portfolio?

PULT and GSUI have a correlation of -0.14, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, PULT or GSUI?

On fees, GSUI is cheaper at 0.00% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, PULT or GSUI?

GSUI is cheaper with a 0.00% expense ratio, compared with 0.25% for PULT.

Which ETF pays a higher dividend yield, PULT or GSUI?

PULT has the higher dividend yield at 4.65%, compared with 0.00% for GSUI.

What is the main difference between PULT and GSUI?

PULT is categorized as Ultrashort Bond, while GSUI is Cryptocurrency. They also come from different issuers: Putnam and Grayscale. Their fees differ too: 0.25% for PULT and 0.00% for GSUI.