UNIY vs. PCRB
UNIY (WisdomTree Voya Yield Enchanced USD Universal Bond Fund) and PCRB (Putnam ESG Core Bond ETF -) are both Intermediate Core Bond funds. UNIY is passively managed, while PCRB is actively managed. Their correlation of 0.93 suggests significant overlap in exposure. UNIY charges 0.15%/yr vs 0.35%/yr for PCRB.
Performance
UNIY vs. PCRB - Performance Comparison
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Returns By Period
UNIY
- 1D
- 0.05%
- 1M
- -0.21%
- 6M
- 0.18%
- YTD
- 0.38%
- 1Y
- 4.53%
- 3Y*
- 4.35%
- 5Y*
- —
- 10Y*
- —
PCRB
- 1D
- —
- 1M
- —
- 6M
- —
- YTD
- —
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
UNIY vs. PCRB - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
UNIY WisdomTree Voya Yield Enchanced USD Universal Bond Fund | 0.38% | 7.37% | 1.86% | 3.83% |
PCRB Putnam ESG Core Bond ETF - | -0.48% | 7.21% | 1.91% | 3.09% |
Correlation
The correlation between UNIY and PCRB is 0.87, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.87 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.92 |
Correlation (All Time) Calculated using the full available price history since Feb 7, 2023 | 0.93 |
The correlation between UNIY and PCRB has been stable across timeframes, ranging from 0.87 to 0.93 - a consistent structural relationship.
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Return for Risk
UNIY vs. PCRB — Risk / Return Rank
UNIY
PCRB
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
UNIY vs. PCRB - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for WisdomTree Voya Yield Enchanced USD Universal Bond Fund (UNIY) 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.
| UNIY | PCRB | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.22 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 1.79 | — | — |
| Martin ratioReturn relative to average drawdown | 5.19 | — | — |
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Drawdowns
UNIY vs. PCRB - Drawdown Comparison
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Drawdown Indicators
| UNIY | PCRB | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -6.27% | — | — |
Max Drawdown (1Y)Largest decline over 1 year | -2.53% | — | — |
Max Drawdown (3Y)Largest decline over 3 years | -5.40% | — | — |
Current DrawdownCurrent decline from peak | -1.20% | — | — |
Average DrawdownAverage peak-to-trough decline | -1.37% | — | — |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.87% | — | — |
Volatility
UNIY vs. PCRB - Volatility Comparison
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Volatility by Period
| UNIY | PCRB | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.06% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 2.86% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 3.65% | — | — |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.82% | — | — |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.82% | — | — |
UNIY vs. PCRB - Expense Ratio Comparison
UNIY has a 0.15% expense ratio, which is lower than PCRB's 0.35% expense ratio.
Dividends
UNIY vs. PCRB - Dividend Comparison
UNIY's dividend yield for the trailing twelve months is around 4.84%, while PCRB has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
PCRB Putnam ESG Core Bond ETF - | 9.42% | 4.30% | 4.38% | 3.65% |
UNIY WisdomTree Voya Yield Enchanced USD Universal Bond Fund | 4.84% | 4.95% | 4.86% | 3.99% |
Frequently Asked Questions
UNIY and PCRB have a correlation of 0.87, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, UNIY is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.
UNIY is cheaper with a 0.15% expense ratio, compared with 0.35% for PCRB.
PCRB has the higher dividend yield at 9.42%, compared with 4.84% for UNIY.
They also come from different issuers: WisdomTree and Putnam. Their fees differ too: 0.15% for UNIY and 0.35% for PCRB.
Find the right allocation for UNIY and PCRB
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