PULT vs VYM
PULT vs VYM
Putnam ESG Ultra Short ETF vs Vanguard High Dividend Yield ETF
Quick Verdict
VYM has a lower expense ratio. VYM delivered stronger 1-year returns. VYM offers more diversification with 558 holdings.
Side-by-Side Comparison
| Metric | PULT | VYM | Winner |
|---|---|---|---|
| Expense Ratio | 0.25% | 0.04% | |
| AUM | $37M | $79.0B | |
| Dividend Yield | 4.65% | 2.86% | |
| Holdings | 438 | 568 | |
| YTD Return | +1.22% | +13.24% | |
| 1Y Return | +4.19% | +23.76% | |
| 3Y Return (annualized) | +5.33% | +16.97% | |
| 5Y Return (annualized) | - | +12.26% | |
| Volatility (annualized) | 0.6% | 14.6% | |
| Max Drawdown | -0.4% | -58.8% | |
| Fund Family | Franklin Templeton Investments (US) | Vanguard (US) | |
| Category | Fixed Income | Equity | |
| Inception | Jan 19, 2023 | Nov 10, 2006 |
PULT vs VYM Performance
Putnam ESG Ultra Short ETF (PULT) is a ETF from Franklin Templeton Investments (US) and Vanguard High Dividend Yield ETF (VYM) is a ETF from Vanguard (US). Over the past year PULT returned +4.19% while VYM returned +23.76%. Year to date, PULT is up 1.22% versus a gain of 13.24% for VYM.
Over three years, PULT compounded at +5.33% per year against +16.97% for VYM. Across the full 3-year window we track, VYM has the edge at +6.96% annualized vs +5.23%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
VYM has been the more volatile fund, with annualized monthly volatility of 14.6% 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 -58.8% for VYM. 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 0.37. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
PULT charges 0.25% per year while VYM charges 0.04%. On a $10,000 position that is $25 vs $4 annually, a gap of $21 per year that compounds over a long holding period. On income, PULT currently yields 4.65% against 2.86% for VYM.
Holdings Overlap
PULT and VYM share 1 holdings out of 879 unique holdings combined, representing a 0.2% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Top Shared Holdings
| Stock | Weight in PULT | Weight in VYM | Difference |
|---|---|---|---|
| WEC | 0.47% | 0.17% | 0.30% |
Frequently Asked Questions
Which is cheaper, PULT or VYM?
PULT has an expense ratio of 0.25% while VYM charges 0.04%. VYM is the cheaper option. On a $10,000 investment, that is $21 per year of difference.
Which performed better, PULT or VYM?
Over the past year PULT returned +4.19% vs +23.76% for VYM, so VYM leads on 1-year performance. Over the longest common window we track (3 years), PULT annualized +5.23% vs +6.96% for VYM. Past performance does not guarantee future results.
Which is riskier, PULT or VYM?
VYM has been the more volatile fund at 14.6% annualized versus 0.6% for PULT. Worst drawdown: PULT -0.4% vs VYM -58.8%.
Should I hold both PULT and VYM?
PULT and VYM have a monthly-return correlation of 0.37, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between PULT and VYM?
PULT and VYM share 1 common holdings with a 0.2% weight overlap. Combined, they hold 879 unique securities.
Which pays a higher dividend, PULT or VYM?
PULT yields 4.65% while VYM yields 2.86%, so PULT currently pays the higher dividend yield.
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