PULT vs. PCRB
PULT (Putnam ESG Ultra Short ETF) and PCRB (Putnam ESG Core Bond ETF -) are both exchange-traded funds - PULT is a Ultrashort Bond fund actively managed by Putnam, while PCRB is a Intermediate Core Bond fund actively managed by Putnam. Both are actively managed. At a 0.27 correlation, their price movements are largely independent. PULT charges 0.25%/yr vs 0.35%/yr for PCRB.
Performance
PULT vs. PCRB - Performance Comparison
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Returns By Period
PULT
- 1D
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- 1M
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- 6M
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- YTD
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- 1Y
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- 3Y*
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- 5Y*
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- 10Y*
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PCRB
- 1D
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- 1M
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- 6M
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- YTD
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- 1Y
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- 3Y*
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- 5Y*
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- 10Y*
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PULT vs. PCRB - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
PULT Putnam ESG Ultra Short ETF | 1.23% | 5.08% | 5.93% | 5.47% |
PCRB Putnam ESG Core Bond ETF - | -0.48% | 7.21% | 1.91% | 2.40% |
Correlation
The correlation between PULT and PCRB is 0.26, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.26 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.28 |
Correlation (All Time) Calculated using the full available price history since Jan 20, 2023 | 0.27 |
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Return for Risk
PULT vs. PCRB - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Putnam ESG Ultra Short ETF (PULT) and Putnam ESG Core Bond ETF - (PCRB). 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.
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
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Drawdowns
PULT vs. PCRB - Drawdown Comparison
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Volatility
PULT vs. PCRB - Volatility Comparison
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PULT vs. PCRB - Expense Ratio Comparison
PULT has a 0.25% expense ratio, which is lower than PCRB's 0.35% expense ratio.
Dividends
PULT vs. PCRB - Dividend Comparison
Neither PULT nor PCRB has paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
PCRB Putnam ESG Core Bond ETF - | 9.42% | 4.30% | 4.38% | 3.65% |
PULT Putnam ESG Ultra Short ETF | 3.89% | 4.59% | 5.38% | 4.88% |
Frequently Asked Questions
PULT and PCRB have a correlation of 0.26, 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 0.35% for PCRB.
PCRB has the higher dividend yield at 9.42%, compared with 3.89% for PULT.
PULT is categorized as Ultrashort Bond, while PCRB is Intermediate Core Bond. Their fees differ too: 0.25% for PULT and 0.35% for PCRB.
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