SDCP vs. PULT

Last updated Jul 14, 2026

SDCP (Virtus Newfleet Short Duration Core Plus Bond ETF) and PULT (Putnam ESG Ultra Short ETF) are both exchange-traded funds - SDCP is a Short-Term Bond fund actively managed by Virtus, while PULT is a Ultrashort Bond fund actively managed by Putnam. Both are actively managed. At a 0.23 correlation, their price movements are largely independent. SDCP charges 0.35%/yr vs 0.25%/yr for PULT.

Performance

SDCP vs. PULT - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Virtus Newfleet Short Duration Core Plus Bond ETF (SDCP) and Putnam ESG Ultra Short ETF (PULT). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

SDCP

• 1D: -0.06%
• 1M: 0.11%
• 6M: 1.29%
• YTD: 1.41%
• 1Y: 3.94%
• 3Y*: —
• 5Y*: —
• 10Y*: —

PULT

• 1D: —
• 1M: —
• 6M: —
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

SDCP vs. PULT - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
SDCP Virtus Newfleet Short Duration Core Plus Bond ETF	1.41%	5.37%	5.24%	1.94%
PULT Putnam ESG Ultra Short ETF	1.23%	5.08%	5.93%	1.10%

Correlation

The correlation between SDCP and PULT is 0.11, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.11
Correlation (All Time) Calculated using the full available price history since Nov 16, 2023	0.23

The correlation between SDCP and PULT shifts across timeframes, from 0.11 (1 year) to 0.23 (all time), reflecting how their relationship changes across market environments.

Return for Risk

SDCP vs. PULT — Risk / Return Rank

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

SDCP

SDCP Risk / Return Rank: 94
SDCP Sharpe Ratio Rank: 95
SDCP Sortino Ratio Rank: 96
SDCP Omega Ratio Rank: 96
SDCP Calmar Ratio Rank: 92
SDCP Martin Ratio Rank: 92

PULT

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

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.

SDCP vs. PULT - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Virtus Newfleet Short Duration Core Plus Bond ETF (SDCP) and Putnam ESG Ultra Short ETF (PULT). 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.

	SDCP	PULT	Difference
Sharpe ratio: Return per unit of total volatility	3.03	—	—
Sortino ratio: Return per unit of downside risk	4.76	—	—
Omega ratio: Gain probability vs. loss probability	1.71	—	—
Calmar ratio: Return relative to maximum drawdown	4.80	—	—
Martin ratio: Return relative to average drawdown	18.15	—	—

Drawdowns

Drawdown Indicators

	SDCP	PULT	Difference
Max Drawdown Largest peak-to-trough decline	-1.00%	—	—
Max Drawdown (1Y) Largest decline over 1 year	-0.82%	—	—
Current Drawdown Current decline from peak	-0.14%	—	—
Average Drawdown Average peak-to-trough decline	-0.18%	—	—
Ulcer Index Depth and duration of drawdowns from previous peaks	0.22%	—	—

Volatility

Volatility by Period

	SDCP	PULT	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.30%	—	—
Volatility (6M) Calculated over the trailing 6-month period	0.79%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	1.31%	—	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	2.01%	—	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	2.01%	—	—

SDCP vs. PULT - Expense Ratio Comparison

SDCP has a 0.35% expense ratio, which is higher than PULT's 0.25% expense ratio.

Dividends

SDCP vs. PULT - Dividend Comparison

SDCP's dividend yield for the trailing twelve months is around 5.21%, while PULT has not paid dividends to shareholders.

Position	TTM	2025	2024	2023
PULT Putnam ESG Ultra Short ETF	3.89%	4.59%	5.38%	4.88%
SDCP Virtus Newfleet Short Duration Core Plus Bond ETF	5.21%	5.16%	5.25%	0.59%

Frequently Asked Questions

Can I hold both SDCP and PULT in my portfolio?

SDCP and PULT have a correlation of 0.11, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, SDCP or PULT?

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.

Which ETF is cheaper, SDCP or PULT?

PULT is cheaper with a 0.25% expense ratio, compared with 0.35% for SDCP.

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

SDCP has the higher dividend yield at 5.21%, compared with 3.89% for PULT.

What is the main difference between SDCP and PULT?

SDCP is categorized as Short-Term Bond, while PULT is Ultrashort Bond. They also come from different issuers: Virtus and Putnam. Their fees differ too: 0.35% for SDCP and 0.25% for PULT.