PHYD vs VOO
PHYD vs VOO
Putnam ESG High Yield ETF vs Vanguard S&P 500 ETF
Quick Verdict
VOO has a lower expense ratio. VOO delivered stronger 1-year returns. VOO offers more diversification with 505 holdings.
Side-by-Side Comparison
| Metric | PHYD | VOO | Winner |
|---|---|---|---|
| Expense Ratio | 0.55% | 0.03% | |
| AUM | $8M | $979.0B | |
| Dividend Yield | 8.98% | 1.09% | |
| Holdings | 323 | 509 | |
| YTD Return | +2.34% | +13.80% | |
| 1Y Return | +7.64% | +23.71% | |
| 3Y Return (annualized) | +8.71% | +21.50% | |
| 5Y Return (annualized) | - | +13.44% | |
| Volatility (annualized) | 4.5% | 14.1% | |
| Max Drawdown | -4.3% | -34.3% | |
| Fund Family | Franklin Templeton Investments (US) | Vanguard (US) | |
| Category | Fixed Income | Equity | |
| Inception | Jan 19, 2023 | Sep 7, 2010 |
PHYD vs VOO Performance
Putnam ESG High Yield ETF (PHYD) is a ETF from Franklin Templeton Investments (US) and Vanguard S&P 500 ETF (VOO) is a ETF from Vanguard (US). Over the past year PHYD returned +7.64% while VOO returned +23.71%. Year to date, PHYD is up 2.34% versus a gain of 13.80% for VOO.
Over three years, PHYD compounded at +8.71% per year against +21.50% for VOO. Across the full 3-year window we track, VOO has the edge at +13.58% annualized vs +7.86%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
VOO has been the more volatile fund, with annualized monthly volatility of 14.1% compared with 4.5% for PHYD. 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 -4.3% for PHYD and -34.3% for VOO. Drawdown depth is worth weighing if you expect to sell during market stress rather than ride it out.
The two funds' monthly returns correlate at 0.82. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
PHYD charges 0.55% per year while VOO charges 0.03%. On a $10,000 position that is $55 vs $3 annually, a gap of $52 per year that compounds over a long holding period. On income, PHYD currently yields 8.98% against 1.09% for VOO.
Holdings Overlap
PHYD and VOO share 0 holdings out of 771 unique holdings combined, representing a 0.0% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, PHYD or VOO?
PHYD has an expense ratio of 0.55% while VOO charges 0.03%. VOO is the cheaper option. On a $10,000 investment, that is $52 per year of difference.
Which performed better, PHYD or VOO?
Over the past year PHYD returned +7.64% vs +23.71% for VOO, so VOO leads on 1-year performance. Over the longest common window we track (3 years), PHYD annualized +7.86% vs +13.58% for VOO. Past performance does not guarantee future results.
Which is riskier, PHYD or VOO?
VOO has been the more volatile fund at 14.1% annualized versus 4.5% for PHYD. Worst drawdown: PHYD -4.3% vs VOO -34.3%.
Should I hold both PHYD and VOO?
PHYD and VOO have a monthly-return correlation of 0.82, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between PHYD and VOO?
PHYD and VOO share 0 common holdings with a 0.0% weight overlap. Combined, they hold 771 unique securities.
Which pays a higher dividend, PHYD or VOO?
PHYD yields 8.98% while VOO yields 1.09%, so PHYD currently pays the higher dividend yield.
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