TFNS vs. PBDC
Compare and contrast key facts about T. Rowe Price Financials ETF (TFNS) and Putnam BDC Income ETF (PBDC).
TFNS and PBDC are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. TFNS is an actively managed fund by T. Rowe Price. It was launched on Jun 11, 2025. PBDC is an actively managed fund by Putnam. It was launched on Sep 29, 2022.
Performance
TFNS vs. PBDC - Performance Comparison
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TFNS vs. PBDC - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
TFNS T. Rowe Price Financials ETF | -8.68% | 10.41% |
PBDC Putnam BDC Income ETF | -9.87% | -1.97% |
Returns By Period
In the year-to-date period, TFNS achieves a -8.68% return, which is significantly higher than PBDC's -9.87% return.
TFNS
- 1D
- 2.15%
- 1M
- -3.39%
- YTD
- -8.68%
- 6M
- -5.01%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
PBDC
- 1D
- 2.38%
- 1M
- 2.99%
- YTD
- -9.87%
- 6M
- -8.48%
- 1Y
- -12.07%
- 3Y*
- 9.33%
- 5Y*
- —
- 10Y*
- —
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TFNS vs. PBDC - Expense Ratio Comparison
TFNS has a 0.44% expense ratio, which is lower than PBDC's 6.79% expense ratio.
Return for Risk
TFNS vs. PBDC — Risk / Return Rank
TFNS
PBDC
TFNS vs. PBDC - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for T. Rowe Price Financials ETF (TFNS) and Putnam BDC Income ETF (PBDC). 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.
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
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Sharpe Ratios by Period
| TFNS | PBDC | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | — | -0.56 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.07 | 0.78 | -0.71 |
Correlation
The correlation between TFNS and PBDC is 0.52, 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.
Dividends
TFNS vs. PBDC - Dividend Comparison
TFNS's dividend yield for the trailing twelve months is around 0.54%, less than PBDC's 11.69% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
TFNS T. Rowe Price Financials ETF | 0.54% | 0.49% | 0.00% | 0.00% | 0.00% |
PBDC Putnam BDC Income ETF | 11.69% | 10.53% | 9.29% | 9.86% | 3.40% |
Drawdowns
TFNS vs. PBDC - Drawdown Comparison
The maximum TFNS drawdown since its inception was -14.00%, smaller than the maximum PBDC drawdown of -20.47%. Use the drawdown chart below to compare losses from any high point for TFNS and PBDC.
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Drawdown Indicators
| TFNS | PBDC | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -14.00% | -20.47% | +6.47% |
Max Drawdown (1Y)Largest decline over 1 year | — | -20.15% | — |
Current DrawdownCurrent decline from peak | -11.23% | -17.32% | +6.09% |
Average DrawdownAverage peak-to-trough decline | -3.10% | -4.13% | +1.03% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 9.47% | — |
Volatility
TFNS vs. PBDC - Volatility Comparison
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Volatility by Period
| TFNS | PBDC | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 6.16% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 14.25% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 15.50% | 21.62% | -6.12% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.50% | 16.73% | -1.23% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.50% | 16.73% | -1.23% |