GRIN vs PBDC
Comparison between VictoryShares International Free Cash Flow Growth ETF (GRIN, ETF) and Putnam BDC Income ETF (PBDC, ETF).
GRIN vs PBDC - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
Net Assets
GRIN
$275M
Winner
PBDC
$276M
Expense Ratio
Winner
GRIN
0.56%
PBDC
13.49%
Max Drawdown
Winner
GRIN
14.36%
PBDC
28.02%
Sharpe Ratio
Winner
GRIN
1.10
PBDC
-0.68
5Y Beta
GRIN
1.48
Winner
PBDC
0.69
P/E Ratio
GRIN
N/A
PBDC
11.91
Forward P/E
GRIN
N/A
PBDC
7.92
PEG Ratio
GRIN
N/A
PBDC
0.16
P/S Ratio
GRIN
N/A
PBDC
4.03
P/B Ratio
GRIN
N/A
PBDC
0.88
GRIN vs PBDC - Holdings Comparison
GRIN and PBDC have 1 common holdings. Overlap is 0.00%
GRIN's top 25 holdings weight is 57.25%. PBDC's top 25 holdings weight is 99.98%.
| Rank | GRIN | PBDC |
|---|---|---|
| #1 | KIOXIA HOLDINGS CORP ORDINARY SHARES (n/a) - 11.93% | ARES CAPITAL CORP (ARCC) - 12.20% |
| #2 | SIEMENS ENERGY AG ORDINARY SHARES (n/a) - 3.23% | BLUE OWL TECHNOLOGY FINANCE CORP (OTF) - 10.79% |
| #3 | ASML HOLDING NV (n/a) - 3.10% | BLUE OWL CAPITAL CORP ORDINARY SHARES (OBDC) - 9.71% |
| #4 | BARRICK MINING CORP (n/a) - 2.66% | GOLUB CAPITAL BDC INC (GBDC) - 7.71% |
| #5 | ADVANTEST CORP (n/a) - 2.49% | HERCULES CAPITAL INC (HTGC) - 6.85% |
| #6 | TECHNIPFMC PLC (n/a) - 2.37% | MAIN STREET CAPITAL CORP (MAIN) - 6.21% |
| #7 | n/a (BDRBF) - 2.35% | TRINITY CAPITAL INC ORDINARY SHARES (TRIN) - 4.66% |
| #8 | KINROSS GOLD CORP (n/a) - 2.34% | SIXTH STREET SPECIALTY LENDING INC (TSLX) - 4.62% |
| #9 | TOKYO ELECTRON LTD (n/a) - 2.29% | BLACKSTONE SECURED LENDING FUND ORDINARY SHARES (BXSL) - 4.27% |
| #10 | n/a (CLS) - 2.29% | BARINGS BDC INC (BBDC) - 4.12% |
| #11 | AGNICO EAGLE MINES LTD (n/a) - 2.11% | KAYNE ANDERSON BDC INC (KBDC) - 3.91% |
| #12 | ROLLS-ROYCE HOLDINGS PLC (n/a) - 1.95% | MSC INCOME FUND INC ORDINARY SHARES (MSIF) - 3.31% |
| #13 | ENDEAVOUR MINING PLC (n/a) - 1.93% | CAPITAL SOUTHWEST CORP (CSWC) - 3.15% |
| #14 | FUJIKURA LTD (n/a) - 1.75% | FS KKR CAPITAL CORP (FSK) - 3.15% |
| #15 | WARTSILA CORP (n/a) - 1.62% | BAIN CAPITAL SPECIALTY FINANCE INC (BCSF) - 3.02% |
| #16 | IAMGOLD CORP (n/a) - 1.60% | SLR INVESTMENT CORP (SLRC) - 2.56% |
| #17 | HOCHTIEF AG (n/a) - 1.35% | MORGAN STANLEY DIRECT LENDING (MSDL) - 1.84% |
| #18 | NOVO NORDISK AS CLASS B (n/a) - 1.34% | PENNANTPARK FLOATING RATE CAPITAL LTD (PFLT) - 1.71% |
| #19 | PAN AMERICAN SILVER CORP (PAAS) - 1.32% | MIDCAP FINANCIAL INVESTMENT CORP (MFIC) - 1.69% |
| #20 | EVOLUTION MINING LTD (n/a) - 1.29% | SURO CAPITAL CORP (SSSS) - 1.58% |
| #21 | SAP SE (n/a) - 1.25% | FIDUS INVESTMENT CORP (FDUS) - 1.49% |
| #22 | FAST RETAILING CO LTD (n/a) - 1.20% | RUNWAY GROWTH FINANCE CORP ORDINARY SHARES (RWAY) - 1.31% |
| #23 | LASERTEC CORP (n/a) - 1.18% | PUTNAM GOVERNMENT MONEY MARKET P (PGLXX) - 0.12% |
| #24 | FIRST MAJESTIC SILVER CORP (AG) - 1.18% | CASH (n/a) - 0.00% |
| #25 | RECRUIT HOLDINGS CO LTD (n/a) - 1.13% | N/A |
| Total Holdings | 101 | 24 |
GRIN vs PBDC - Historical Returns
Returns include dividend reinvestment.
1M
Winner
GRIN
+3.23%
PBDC
+0.15%
3M
Winner
GRIN
+15.29%
PBDC
+5.92%
6M
Winner
GRIN
+18.87%
PBDC
-9.28%
1Y
Winner
GRIN
+28.95%
PBDC
-9.95%
Max(CAGR)
Winner
GRIN
+30.29%
PBDC
+12.80%
GRIN vs PBDC - Annual Returns (2022 - 2026)
Returns include dividend reinvestment.
| Year | GRIN | PBDC |
|---|---|---|
| 2026 | +17.12% | -8.65% |
| 2025 | +8.73% | -2.34% |
| 2024 | N/A | +19.15% |
| 2023 | N/A | +28.69% |
| 2022 | N/A | +10.87% |
GRIN vs PBDC Drawdown Comparison
The maximum drawdown for GRIN was -14.31%, occurring on Mar 30, 2026. Recovery took 32 trading sessions.
The maximum drawdown for PBDC was -20.29%, occurring on Mar 12, 2026. This drawdown has not yet recovered.
The current GRIN drawdown is -0.40%. The current PBDC drawdown is -15.58%.
| Rank | GRIN | PBDC |
|---|---|---|
| #1 | -14.31% Feb 26, 2026 - Apr 14, 2026 | -20.29% Feb 19, 2025 - Mar 12, 2026 |
| #2 | -7.55% Jan 27, 2026 - Feb 25, 2026 | -10.57% Mar 6, 2023 - Jun 7, 2023 |
| #3 | -7.29% Jun 4, 2026 - Jun 10, 2026 | -8.47% Jul 8, 2024 - Oct 18, 2024 |
| #4 | -7.08% Oct 6, 2025 - Dec 23, 2025 | -6.44% Nov 25, 2022 - Jan 11, 2023 |
| #5 | -6.22% May 8, 2026 - May 26, 2026 | -6.05% Sep 28, 2023 - Nov 14, 2023 |
| #6 | -5.42% Apr 17, 2026 - May 6, 2026 | -5.38% Oct 4, 2022 - Oct 25, 2022 |
| #7 | -3.59% Jul 23, 2025 - Aug 12, 2025 | -4.36% Oct 21, 2024 - Nov 19, 2024 |
| #8 | -2.05% May 26, 2026 - Jun 1, 2026 | -3.33% Jan 30, 2024 - Mar 7, 2024 |
| #9 | -2.05% Jun 30, 2025 - Jul 23, 2025 | -2.88% Aug 7, 2023 - Sep 1, 2023 |
| #10 | -2.03% Sep 22, 2025 - Oct 1, 2025 | -2.73% Jan 2, 2025 - Jan 16, 2025 |
| #11 | -1.96% May 6, 2026 - May 8, 2026 | -2.71% Nov 29, 2024 - Dec 24, 2024 |
| #12 | -1.92% Aug 22, 2025 - Sep 5, 2025 | -2.48% Feb 7, 2023 - Feb 17, 2023 |
| #13 | -1.67% Dec 26, 2025 - Jan 5, 2026 | -2.40% Sep 1, 2023 - Sep 14, 2023 |
| #14 | -1.64% Aug 18, 2025 - Aug 22, 2025 | -2.40% Jun 3, 2024 - Jul 3, 2024 |
| #15 | -1.35% Apr 14, 2026 - Apr 17, 2026 | -2.40% Nov 7, 2022 - Nov 11, 2022 |
Correlation
Correlation between GRIN and PBDC is -0.78 which considered as a strong negative correlation - the stocks tend to move in opposite directions.
-0.78
-101
Dividend Comparison (2022 - 2026)
GRIN vs PBDC dividend yield comparison.
| Year | GRIN | PBDC |
|---|---|---|
| 2026 | 0.40% | 2.60% |
| 2025 | 0.16% | 10.53% |
| 2024 | 0.00% | 9.29% |
| 2023 | 0.00% | 9.86% |
| 2022 | 0.00% | 3.40% |
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