Correlation
The correlation between SYNB and IYH is 0.62, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
SYNB vs. IYH
Compare and contrast key facts about Putnam BioRevolution ETF (SYNB) and iShares U.S. Healthcare ETF (IYH).
SYNB and IYH are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. SYNB is an actively managed fund by Putnam. It was launched on Sep 29, 2022. IYH is a passively managed fund by iShares that tracks the performance of the Dow Jones U.S. Health Care Index. It was launched on Jun 12, 2000.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: SYNB or IYH.
Performance
SYNB vs. IYH - Performance Comparison
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Key characteristics
SYNB:
-0.51
IYH:
-0.34
SYNB:
-0.67
IYH:
-0.42
SYNB:
0.92
IYH:
0.95
SYNB:
-0.40
IYH:
-0.35
SYNB:
-1.06
IYH:
-0.81
SYNB:
9.69%
IYH:
7.78%
SYNB:
18.88%
IYH:
16.21%
SYNB:
-25.54%
IYH:
-43.13%
SYNB:
-16.67%
IYH:
-15.55%
Returns By Period
In the year-to-date period, SYNB achieves a -7.01% return, which is significantly lower than IYH's -4.47% return.
SYNB
-7.01%
0.36%
-11.23%
-10.31%
N/A
N/A
N/A
IYH
-4.47%
-2.44%
-10.08%
-6.74%
1.37%
5.94%
7.19%
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SYNB vs. IYH - Expense Ratio Comparison
SYNB has a 0.70% expense ratio, which is higher than IYH's 0.43% expense ratio.
Risk-Adjusted Performance
SYNB vs. IYH — Risk-Adjusted Performance Rank
SYNB
IYH
SYNB vs. IYH - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Putnam BioRevolution ETF (SYNB) and iShares U.S. Healthcare ETF (IYH). 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.
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Dividends
SYNB vs. IYH - Dividend Comparison
SYNB's dividend yield for the trailing twelve months is around 0.78%, less than IYH's 1.30% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SYNB Putnam BioRevolution ETF | 0.78% | 0.72% | 0.07% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
IYH iShares U.S. Healthcare ETF | 1.30% | 1.25% | 1.18% | 1.10% | 0.94% | 1.16% | 1.14% | 1.95% | 1.10% | 1.29% | 2.02% | 1.05% |
Drawdowns
SYNB vs. IYH - Drawdown Comparison
The maximum SYNB drawdown since its inception was -25.54%, smaller than the maximum IYH drawdown of -43.13%. Use the drawdown chart below to compare losses from any high point for SYNB and IYH.
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Volatility
SYNB vs. IYH - Volatility Comparison
The current volatility for Putnam BioRevolution ETF (SYNB) is 6.41%, while iShares U.S. Healthcare ETF (IYH) has a volatility of 7.78%. This indicates that SYNB experiences smaller price fluctuations and is considered to be less risky than IYH based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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