NANC vs PBDC
Comparison between UNUSUAL WHALES SUBVERSIVE DEMOCRATIC TRADING ETF (NANC, ETF) and Putnam BDC Income ETF (PBDC, ETF).
NANC vs PBDC - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
Net Assets
Winner
NANC
$282M
PBDC
$281M
Expense Ratio
Winner
NANC
0.72%
PBDC
13.49%
Max Drawdown
Winner
NANC
20.94%
PBDC
28.92%
Sharpe Ratio
Winner
NANC
0.99
PBDC
-0.96
5Y Beta
NANC
1.05
Winner
PBDC
0.68
P/E Ratio
NANC
28.80
Winner
PBDC
12.53
Forward P/E
NANC
21.57
Winner
PBDC
9.08
PEG Ratio
Winner
NANC
0.35
PBDC
0.61
5Y EPS CAGR
NANC
29.06%
PBDC
N/A
Debt to Equity
NANC
14.74%
PBDC
N/A
P/S Ratio
Winner
NANC
3.59
PBDC
3.96
P/B Ratio
NANC
5.94
Winner
PBDC
0.87
NANC vs PBDC - Holdings Comparison
NANC and PBDC have 1 common holdings. Overlap is 0.00%
NANC's top 25 holdings weight is 73.64%. PBDC's top 25 holdings weight is 100.01%.
| Rank | NANC | PBDC |
|---|---|---|
| #1 | NVIDIA CORP (NVDA) - 10.45% | ARES CAPITAL CORP (ARCC) - 10.34% |
| #2 | MICROSOFT CORP (MSFT) - 7.49% | BLUE OWL CAPITAL CORP ORDINARY SHARES (OBDC) - 10.34% |
| #3 | ALPHABET INC CLASS C (GOOG) - 5.65% | BLUE OWL TECHNOLOGY FINANCE CORP (OTF) - 10.13% |
| #4 | AMAZON.COM INC (AMZN) - 5.32% | HERCULES CAPITAL INC (HTGC) - 7.91% |
| #5 | APPLE INC (AAPL) - 4.16% | GOLUB CAPITAL BDC INC (GBDC) - 7.47% |
| #6 | ARTIVION INC (AORT) - 3.38% | MAIN STREET CAPITAL CORP (MAIN) - 6.46% |
| #7 | AMERICAN EXPRESS CO (AXP) - 3.27% | TRINITY CAPITAL INC ORDINARY SHARES (TRIN) - 4.73% |
| #8 | SALESFORCE INC (CRM) - 2.99% | BLACKSTONE SECURED LENDING FUND ORDINARY SHARES (BXSL) - 4.30% |
| #9 | PHILIP MORRIS INTERNATIONAL INC (PM) - 2.79% | SIXTH STREET SPECIALTY LENDING INC (TSLX) - 4.21% |
| #10 | CROWDSTRIKE HOLDINGS INC CLASS A (CRWD) - 2.75% | BARINGS BDC INC (BBDC) - 4.15% |
| #11 | NETFLIX INC (NFLX) - 2.59% | KAYNE ANDERSON BDC INC (KBDC) - 3.85% |
| #12 | COSTCO WHOLESALE CORP (COST) - 2.42% | CAPITAL SOUTHWEST CORP (CSWC) - 3.22% |
| #13 | ELI LILLY AND CO (LLY) - 2.40% | MSC INCOME FUND INC ORDINARY SHARES (MSIF) - 3.21% |
| #14 | META PLATFORMS INC CLASS A (META) - 2.31% | FS KKR CAPITAL CORP (FSK) - 2.97% |
| #15 | APPLIED MATERIALS INC (AMAT) - 2.24% | BAIN CAPITAL SPECIALTY FINANCE INC (BCSF) - 2.93% |
| #16 | VULCAN MATERIALS CO (VMC) - 2.17% | MORGAN STANLEY DIRECT LENDING (MSDL) - 2.53% |
| #17 | SS&C TECHNOLOGIES HOLDINGS INC (SSNC) - 1.75% | SLR INVESTMENT CORP (SLRC) - 2.45% |
| #18 | D.R. HORTON INC (DHI) - 1.63% | PUTNAM GOVERNMENT MONEY MARKET P (PGLXX) - 1.84% |
| #19 | THE WALT DISNEY CO (DIS) - 1.37% | FIDUS INVESTMENT CORP (FDUS) - 1.62% |
| #20 | JOHNSON & JOHNSON (JNJ) - 1.17% | MIDCAP FINANCIAL INVESTMENT CORP (MFIC) - 1.55% |
| #21 | BROADCOM INC (AVGO) - 1.17% | PENNANTPARK FLOATING RATE CAPITAL LTD (PFLT) - 1.49% |
| #22 | API GROUP CORP (APG) - 1.11% | NEOSTELLAR CAPITAL CORP (NSLR) - 1.22% |
| #23 | ABBOTT LABORATORIES (ABT) - 1.05% | RUNWAY GROWTH FINANCE CORP ORDINARY SHARES (RWAY) - 1.09% |
| #24 | INTERNATIONAL BUSINESS MACHINES CORP (IBM) - 1.04% | CASH (n/a) - 0.00% |
| #25 | FIRST AMERICAN GOVERNMENT OBLIGS X (FGXXX) - 0.97% | N/A |
| Total Holdings | 131 | 24 |
NANC vs PBDC - Historical Returns
Returns include dividend reinvestment.
1M
NANC
+0.36%
Winner
PBDC
+4.11%
3M
Winner
NANC
+7.98%
PBDC
-1.57%
6M
Winner
NANC
+9.05%
PBDC
-9.37%
1Y
Winner
NANC
+18.61%
PBDC
-13.65%
Max(CAGR)
Winner
NANC
+21.99%
PBDC
+12.47%
NANC vs PBDC - Annual Returns (2022 - 2026)
Returns include dividend reinvestment.
| Year | NANC | PBDC |
|---|---|---|
| 2026 | +9.38% | -8.51% |
| 2025 | +18.72% | -2.34% |
| 2024 | +28.13% | +19.15% |
| 2023 | +20.79% | +28.69% |
| 2022 | N/A | +10.87% |
NANC vs PBDC Drawdown Comparison
The maximum drawdown for NANC was -20.94%, occurring on Apr 8, 2025. Recovery took 86 trading sessions.
The maximum drawdown for PBDC was -20.29%, occurring on Mar 12, 2026. This drawdown has not yet recovered.
The current NANC drawdown is -1.54%. The current PBDC drawdown is -15.45%.
| Rank | NANC | PBDC |
|---|---|---|
| #1 | -20.94% Feb 19, 2025 - Jun 24, 2025 | -20.29% Feb 19, 2025 - Mar 12, 2026 |
| #2 | -12.21% Jan 12, 2026 - Apr 22, 2026 | -10.57% Mar 6, 2023 - Jun 7, 2023 |
| #3 | -11.06% Jul 10, 2024 - Sep 26, 2024 | -8.47% Jul 8, 2024 - Oct 18, 2024 |
| #4 | -10.17% Jul 19, 2023 - Nov 20, 2023 | -6.44% Nov 25, 2022 - Jan 11, 2023 |
| #5 | -8.21% Feb 7, 2023 - May 17, 2023 | -6.05% Sep 28, 2023 - Nov 14, 2023 |
| #6 | -6.93% Mar 22, 2024 - May 15, 2024 | -5.38% Oct 4, 2022 - Oct 25, 2022 |
| #7 | -5.95% Dec 4, 2024 - Jan 23, 2025 | -4.36% Oct 21, 2024 - Nov 19, 2024 |
| #8 | -5.85% Nov 3, 2025 - Jan 6, 2026 | -3.33% Jan 30, 2024 - Mar 7, 2024 |
| #9 | -5.18% Jun 1, 2026 - Jul 6, 2026 | -2.88% Aug 7, 2023 - Sep 1, 2023 |
| #10 | -3.07% Dec 18, 2023 - Jan 12, 2024 | -2.73% Jan 2, 2025 - Jan 16, 2025 |
| #11 | -2.75% Oct 22, 2024 - Nov 6, 2024 | -2.71% Nov 29, 2024 - Dec 24, 2024 |
| #12 | -2.70% Jun 15, 2023 - Jun 30, 2023 | -2.48% Feb 7, 2023 - Feb 17, 2023 |
| #13 | -2.67% Oct 8, 2025 - Oct 21, 2025 | -2.40% Sep 1, 2023 - Sep 14, 2023 |
| #14 | -2.54% Nov 11, 2024 - Nov 26, 2024 | -2.40% Jun 3, 2024 - Jul 3, 2024 |
| #15 | -2.37% Jul 25, 2025 - Aug 8, 2025 | -2.40% Nov 7, 2022 - Nov 11, 2022 |
Correlation
Correlation between NANC and PBDC is 0.73 which considered as a strong positive correlation - the stocks tend to move together.
0.73
-101
Dividend Comparison (2022 - 2026)
NANC vs PBDC dividend yield comparison.
| Year | NANC | PBDC |
|---|---|---|
| 2026 | 0.00% | 5.27% |
| 2025 | 0.21% | 10.53% |
| 2024 | 0.20% | 9.29% |
| 2023 | 0.94% | 9.86% |
| 2022 | 0.00% | 3.40% |
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