PBDC vs SDVD
Putnam BDC Income ETF vs FT Vest SMID Rising Dividend Achievers Target Income ETF
Which is better, PBDC or SDVD?
SDVD has been ahead.
SDVD has a lower expense ratio. SDVD led over 1Y, 3Y and the full window. SDVD is less concentrated, with 10.3% of the fund in its ten largest positions against 69.8%.
MarketXLS is not an investment adviser. This comparison is generated automatically from market data and is for information only. A Best mark means the better reading on that one measure, not a recommendation to buy.
Side-by-Side Comparison
| Metric | PBDC | SDVD |
|---|---|---|
| Expense Ratio | 11.77% | 0.85%Best |
| AUM | $269M | $872M |
| Dividend Yield | 11.33% | 8.68% |
| Holdings | 28 | 348 |
| YTD Return | -13.78% | +3.20%Best |
| 1Y Return | -10.37% | +6.25%Best |
| 3Y Return (annualized) | +2.54% | +13.58%Best |
| Volatility (annualized) | 14.5%Best | 22.2% |
| Max Drawdown | -20.5%Best | -29.1% |
| $10,000 over 3.2 years | $10,948 | $11,057Best |
| Top 10 Weight | 69.8% | 10.3%Best |
| Fund Family | Putnam Investments | First Trust Portfolios (US) |
| Category | Equity | Equity |
| Style | Large Cap Blend | Large Cap Blend |
| Inception | Sep 29, 2022 | Aug 9, 2023 |
Not shown on this pair: 5Y Return (annualized).
Volatility and max drawdown, and the $10,000 over 3.2 years row, are measured over the window both funds cover: Aug 10, 2023 to Oct 14, 2026 (3.2 years).
PBDC vs SDVD growth
Month-end closes. Both lines start at 0% in the first month shown, so the gap between them is the difference in growth across that window. The full view covers the 3.2 years both funds cover.
PBDC vs SDVD Performance
Putnam BDC Income ETF (PBDC) is an ETF from Putnam Investments and FT Vest SMID Rising Dividend Achievers Target Income ETF (SDVD) is an ETF from First Trust Portfolios (US). Over the past year PBDC returned -10.37% while SDVD returned +6.25%. Year to date, PBDC is down 13.78% versus a gain of 3.20% for SDVD.
Over three years, PBDC compounded at +2.54% per year against +13.58% for SDVD.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
SDVD has been the more volatile fund, with annualized monthly volatility of 22.2% compared with 14.5% for PBDC. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -20.5% for PBDC and -29.1% for SDVD. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.23. They move largely independently of each other.
Fees and Cost Over Time
PBDC charges 11.77% per year while SDVD charges 0.85%. On a $10,000 position that is $1177 vs $85 annually, a gap of $1092 per year that compounds over a long holding period. On income, PBDC currently yields 11.33% against 8.68% for SDVD.
Holdings Overlap
We hold position weights for 27 holdings in PBDC and 172 in SDVD, totalling 100.0% and 99.6% of the two funds. The two books name no position in common, so there is no overlap percentage to show.
0 positions in common, counted across the 27 positions we hold weights for in PBDC and 172 in SDVD, against full books of 28 and 348.
What only one of them owns
Measured across the 27 and 172 positions we hold weights for.
SDVD holds 169 positions PBDC does not, 98.0% of the fund.
Largest: NHC 1.16%, AIT 1.03%, FBP 1.03%, RGA 1.03%, IPAR 1.02%
You are not choosing between two funds in isolation.
Whichever of PBDC and SDVD you pick has to sit alongside everything else you own. Add the rest and see what the combination actually holds.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, PBDC or SDVD?
PBDC has an expense ratio of 11.77% while SDVD charges 0.85%. SDVD is the cheaper option, by $1092 a year on a $10,000 investment.
Which performed better, PBDC or SDVD?
Over the past year PBDC returned -10.37% vs +6.25% for SDVD, so SDVD leads on 1-year performance. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, PBDC or SDVD?
SDVD has been the more volatile fund at 22.2% annualized versus 14.5% for PBDC. Worst drawdown: PBDC -20.5% vs SDVD -29.1%.
Should I hold both PBDC and SDVD?
PBDC and SDVD have a monthly-return correlation of 0.23, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
Which pays a higher dividend, PBDC or SDVD?
PBDC yields 11.33% while SDVD yields 8.68%, so PBDC currently pays the higher dividend yield.
Is SDVD better than PBDC?
SDVD has a lower expense ratio. SDVD led over 1Y, 3Y and the full window. SDVD is less concentrated, with 10.3% of the fund in its ten largest positions against 69.8%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.