PULT vs QQQ
PULT vs QQQ
Putnam ESG Ultra Short ETF vs Invesco QQQ Trust, Series 1
Quick Verdict
QQQ has a lower expense ratio. QQQ delivered stronger 1-year returns. PULT offers more diversification with 322 holdings.
Side-by-Side Comparison
| Metric | PULT | QQQ | Winner |
|---|---|---|---|
| Expense Ratio | 0.25% | 0.18% | |
| AUM | $37M | $455.8B | |
| Dividend Yield | 4.65% | 0.41% | |
| Holdings | 438 | 108 | |
| YTD Return | +1.22% | +12.48% | |
| 1Y Return | +4.19% | +22.35% | |
| 3Y Return (annualized) | +5.33% | +22.30% | |
| 5Y Return (annualized) | - | +14.24% | |
| Volatility (annualized) | 0.6% | 30.6% | |
| Max Drawdown | -0.4% | -83.0% | |
| Fund Family | Franklin Templeton Investments (US) | Invesco (US) | |
| Category | Fixed Income | Equity | |
| Inception | Jan 19, 2023 | Mar 10, 1999 |
PULT vs QQQ Performance
Putnam ESG Ultra Short ETF (PULT) is a ETF from Franklin Templeton Investments (US) and Invesco QQQ Trust, Series 1 (QQQ) is a ETF from Invesco (US). Over the past year PULT returned +4.19% while QQQ returned +22.35%. Year to date, PULT is up 1.22% versus a gain of 12.48% for QQQ.
Over three years, PULT compounded at +5.33% per year against +22.30% for QQQ. Across the full 3-year window we track, QQQ has the edge at +12.91% annualized vs +5.23%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
QQQ has been the more volatile fund, with annualized monthly volatility of 30.6% compared with 0.6% for PULT. 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 -0.4% for PULT and -83.0% for QQQ. 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 0.12. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
PULT charges 0.25% per year while QQQ charges 0.18%. On a $10,000 position that is $25 vs $18 annually, a gap of $7 per year that compounds over a long holding period. On income, PULT currently yields 4.65% against 0.41% for QQQ.
Holdings Overlap
PULT and QQQ share 1 holdings out of 424 unique holdings combined, representing a 0.3% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Top Shared Holdings
| Stock | Weight in PULT | Weight in QQQ | Difference |
|---|---|---|---|
| MAR | 0.26% | 0.42% | 0.16% |
Frequently Asked Questions
Which is cheaper, PULT or QQQ?
PULT has an expense ratio of 0.25% while QQQ charges 0.18%. QQQ is the cheaper option. On a $10,000 investment, that is $7 per year of difference.
Which performed better, PULT or QQQ?
Over the past year PULT returned +4.19% vs +22.35% for QQQ, so QQQ leads on 1-year performance. Over the longest common window we track (3 years), PULT annualized +5.23% vs +12.91% for QQQ. Past performance does not guarantee future results.
Which is riskier, PULT or QQQ?
QQQ has been the more volatile fund at 30.6% annualized versus 0.6% for PULT. Worst drawdown: PULT -0.4% vs QQQ -83.0%.
Should I hold both PULT and QQQ?
PULT and QQQ have a monthly-return correlation of 0.12, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between PULT and QQQ?
PULT and QQQ share 1 common holdings with a 0.3% weight overlap. Combined, they hold 424 unique securities.
Which pays a higher dividend, PULT or QQQ?
PULT yields 4.65% while QQQ yields 0.41%, so PULT currently pays the higher dividend yield.
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