EMHC vs PBDC
Comparison between STATE STREET(R) SPDR(R) BLOOMBERG EMERGING MARKETS USD BOND ETF (EMHC, ETF) and Putnam BDC Income ETF (PBDC, ETF).
EMHC vs PBDC - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
Net Assets
Winner
EMHC
$283M
PBDC
$283M
Expense Ratio
Winner
EMHC
0.23%
PBDC
13.49%
Max Drawdown
EMHC
31.53%
Winner
PBDC
29.11%
Sharpe Ratio
Winner
EMHC
0.49
PBDC
-0.43
5Y Beta
Winner
EMHC
0.24
PBDC
0.69
P/E Ratio
EMHC
N/A
PBDC
14.15
Forward P/E
EMHC
N/A
PBDC
9.58
PEG Ratio
EMHC
N/A
PBDC
-1.15
5Y Dividends CAGR
EMHC
33.14%
PBDC
N/A
P/S Ratio
EMHC
N/A
PBDC
4.23
P/B Ratio
EMHC
N/A
PBDC
0.92
EMHC vs PBDC - Historical Returns
Returns include dividend reinvestment.
1M
EMHC
+1.16%
Winner
PBDC
+8.26%
3M
EMHC
+0.98%
Winner
PBDC
+6.85%
6M
EMHC
-0.05%
Winner
PBDC
+5.78%
1Y
Winner
EMHC
+6.86%
PBDC
-5.48%
5Y(CAGR)
EMHC
+1.35%
PBDC
N/A
Max(CAGR)
EMHC
+1.88%
Winner
PBDC
+13.84%
EMHC vs PBDC - Annual Returns (2021 - 2026)
Returns include dividend reinvestment.
| Year | EMHC | PBDC |
|---|---|---|
| 2026 | +1.85% | -2.99% |
| 2025 | +13.83% | -2.34% |
| 2024 | +4.52% | +19.15% |
| 2023 | +9.66% | +28.69% |
| 2022 | -16.98% | +10.87% |
| 2021 | +1.68% | N/A |
EMHC vs PBDC Drawdown Comparison
The maximum drawdown for EMHC was -28.03%, occurring on Oct 20, 2022. Recovery took 1005 trading sessions.
The maximum drawdown for PBDC was -20.29%, occurring on Mar 12, 2026. This drawdown has not yet recovered.
The current EMHC drawdown is -0.72%. The current PBDC drawdown is -10.35%.
| Rank | EMHC | PBDC |
|---|---|---|
| #1 | -28.03% Sep 2, 2021 - Sep 5, 2025 | -20.29% Feb 19, 2025 - Mar 12, 2026 |
| #2 | -4.37% Feb 25, 2026 - Jun 2, 2026 | -10.57% Mar 6, 2023 - Jun 7, 2023 |
| #3 | -1.94% Jun 18, 2026 - Jul 23, 2026 | -8.47% Jul 8, 2024 - Oct 18, 2024 |
| #4 | -1.24% May 7, 2021 - May 25, 2021 | -6.44% Nov 25, 2022 - Jan 11, 2023 |
| #5 | -1.23% Apr 15, 2021 - May 7, 2021 | -6.05% Sep 28, 2023 - Nov 14, 2023 |
| #6 | -1.17% Jun 11, 2021 - Jul 15, 2021 | -5.38% Oct 4, 2022 - Oct 25, 2022 |
| #7 | -1.00% Oct 27, 2025 - Nov 26, 2025 | -4.36% Oct 21, 2024 - Nov 19, 2024 |
| #8 | -0.94% Sep 11, 2025 - Sep 23, 2025 | -3.33% Jan 30, 2024 - Mar 7, 2024 |
| #9 | -0.94% Dec 30, 2025 - Jan 23, 2026 | -2.88% Aug 7, 2023 - Sep 1, 2023 |
| #10 | -0.87% Jun 2, 2026 - Jun 11, 2026 | -2.73% Jan 2, 2025 - Jan 16, 2025 |
| #11 | -0.86% Dec 3, 2025 - Dec 16, 2025 | -2.71% Nov 29, 2024 - Dec 24, 2024 |
| #12 | -0.84% Aug 4, 2021 - Aug 27, 2021 | -2.48% Feb 7, 2023 - Feb 17, 2023 |
| #13 | -0.65% Jul 20, 2021 - Aug 2, 2021 | -2.40% Sep 1, 2023 - Sep 14, 2023 |
| #14 | -0.54% Sep 24, 2025 - Oct 9, 2025 | -2.40% Jun 3, 2024 - Jul 3, 2024 |
| #15 | -0.42% Jun 2, 2021 - Jun 4, 2021 | -2.40% Nov 7, 2022 - Nov 11, 2022 |
Correlation
Correlation between EMHC and PBDC is 0.74 which considered as a strong positive correlation - the stocks tend to move together.
0.74
-101
Dividend Comparison (2021 - 2026)
EMHC vs PBDC dividend yield comparison.
| Year | EMHC | PBDC |
|---|---|---|
| 2026 | 3.31% | 4.97% |
| 2025 | 6.16% | 10.53% |
| 2024 | 5.95% | 9.29% |
| 2023 | 5.13% | 9.86% |
| 2022 | 5.11% | 3.40% |
| 2021 | 2.97% | 0.00% |
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