PBDC vs FDEV
Comparison between Putnam BDC Income ETF (PBDC, ETF) and FIDELITY INTERNATIONAL MULTIFACTOR ETF (FDEV, ETF).
PBDC vs FDEV - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
Net Assets
PBDC
$283M
Winner
FDEV
$283M
Expense Ratio
PBDC
13.49%
Winner
FDEV
0.18%
Max Drawdown
Winner
PBDC
29.11%
FDEV
31.73%
Sharpe Ratio
PBDC
-0.43
Winner
FDEV
1.13
5Y Beta
PBDC
0.69
Winner
FDEV
0.50
P/E Ratio
PBDC
14.15
FDEV
N/A
Forward P/E
PBDC
9.58
FDEV
N/A
PEG Ratio
PBDC
-1.15
FDEV
N/A
5Y Dividends CAGR
PBDC
N/A
FDEV
12.77%
P/S Ratio
PBDC
4.23
FDEV
N/A
P/B Ratio
PBDC
0.92
FDEV
N/A
PBDC vs FDEV - Holdings Comparison
PBDC and FDEV have 0 common holdings. Overlap is 0.00%
PBDC's top 25 holdings weight is 100.02%. FDEV's top 25 holdings weight is 28.41%.
| Rank | PBDC | FDEV |
|---|---|---|
| #1 | BLUE OWL CAPITAL CORP ORDINARY SHARES (OBDC) - 10.97% | SHELL PLC (n/a) - 1.75% |
| #2 | BLUE OWL TECHNOLOGY FINANCE CORP (OTF) - 10.74% | ROCHE HOLDING AG ORDINARY SHARES NEW (n/a) - 1.53% |
| #3 | ARES CAPITAL CORP (ARCC) - 10.28% | ENDESA SA (n/a) - 1.49% |
| #4 | HERCULES CAPITAL INC (HTGC) - 8.16% | NOVARTIS AG REGISTERED SHARES (n/a) - 1.41% |
| #5 | MAIN STREET CAPITAL CORP (MAIN) - 7.36% | ENGIE SA (n/a) - 1.29% |
| #6 | GOLUB CAPITAL BDC INC (GBDC) - 6.27% | ASTRAZENECA PLC (AZN:XLON) - 1.28% |
| #7 | TRINITY CAPITAL INC ORDINARY SHARES (TRIN) - 4.76% | CANADIAN NATURAL RESOURCES LTD (n/a) - 1.23% |
| #8 | SIXTH STREET SPECIALTY LENDING INC (TSLX) - 4.43% | EQUINOR ASA (n/a) - 1.20% |
| #9 | BLACKSTONE SECURED LENDING FUND ORDINARY SHARES (BXSL) - 4.20% | QUEBECOR INC SHS -B- SUBORD.VOTING (n/a) - 1.18% |
| #10 | BARINGS BDC INC (BBDC) - 4.18% | ROYAL BANK OF CANADA (RY) - 1.13% |
| #11 | KAYNE ANDERSON BDC INC (KBDC) - 3.60% | SUNCOR ENERGY INC (n/a) - 1.12% |
| #12 | MSC INCOME FUND INC ORDINARY SHARES (MSIF) - 3.26% | n/a (CDUAF) - 1.11% |
| #13 | CAPITAL SOUTHWEST CORP (CSWC) - 3.25% | KDDI CORP (n/a) - 1.11% |
| #14 | FS KKR CAPITAL CORP (FSK) - 3.17% | VODAFONE GROUP PLC (n/a) - 1.06% |
| #15 | BAIN CAPITAL SPECIALTY FINANCE INC (BCSF) - 2.50% | BANCO SANTANDER SA (n/a) - 1.05% |
| #16 | OAKTREE SPECIALTY LENDING CORP BDC (OCSL) - 2.44% | UNILEVER PLC (n/a) - 0.99% |
| #17 | SLR INVESTMENT CORP (SLRC) - 2.09% | NTT INC (n/a) - 0.99% |
| #18 | PENNANTPARK FLOATING RATE CAPITAL LTD (PFLT) - 1.88% | NOVO NORDISK AS CLASS B (n/a) - 0.97% |
| #19 | MORGAN STANLEY DIRECT LENDING (MSDL) - 1.88% | RIGHTMOVE PLC (n/a) - 0.95% |
| #20 | FIDUS INVESTMENT CORP (FDUS) - 1.41% | ARC RESOURCES LTD (n/a) - 0.95% |
| #21 | RUNWAY GROWTH FINANCE CORP ORDINARY SHARES (RWAY) - 1.33% | ITALGAS SPA (n/a) - 0.95% |
| #22 | NEOSTELLAR CAPITAL CORP (NSLR) - 1.12% | AUTOTRADER GROUP PLC (n/a) - 0.95% |
| #23 | BLACKROCK TCP CAPITAL CORP (TCPC) - 0.71% | TOKYO GAS CO LTD (n/a) - 0.92% |
| #24 | PUTNAM GOVERNMENT MONEY MARKET P (PGLXX) - 0.03% | IMPERIAL OIL LTD (IMO) - 0.91% |
| #25 | N/A | CENTRICA PLC (n/a) - 0.89% |
| Total Holdings | 24 | 217 |
PBDC vs FDEV - Historical Returns
Returns include dividend reinvestment.
1M
Winner
PBDC
+8.26%
FDEV
+4.09%
3M
Winner
PBDC
+6.85%
FDEV
+5.55%
6M
Winner
PBDC
+5.78%
FDEV
+3.27%
1Y
PBDC
-5.48%
Winner
FDEV
+19.54%
5Y(CAGR)
PBDC
N/A
FDEV
+8.04%
Max(CAGR)
Winner
PBDC
+13.84%
FDEV
+8.86%
PBDC vs FDEV - Annual Returns (2019 - 2026)
Returns include dividend reinvestment.
| Year | PBDC | FDEV |
|---|---|---|
| 2026 | -2.99% | +11.42% |
| 2025 | -2.34% | +30.59% |
| 2024 | +19.15% | +6.77% |
| 2023 | +28.69% | +13.09% |
| 2022 | +10.87% | -16.50% |
| 2021 | N/A | +10.36% |
| 2020 | N/A | +4.72% |
| 2019 | N/A | +10.06% |
PBDC vs FDEV Drawdown Comparison
The maximum drawdown for PBDC was -20.29%, occurring on Mar 12, 2026. This drawdown has not yet recovered.
The maximum drawdown for FDEV was -30.10%, occurring on Mar 23, 2020. Recovery took 218 trading sessions.
The current PBDC drawdown is -10.35%.
| Rank | PBDC | FDEV |
|---|---|---|
| #1 | -20.29% Feb 19, 2025 - Mar 12, 2026 | -30.10% Jan 17, 2020 - Nov 27, 2020 |
| #2 | -10.57% Mar 6, 2023 - Jun 7, 2023 | -29.01% Sep 3, 2021 - Jul 12, 2024 |
| #3 | -8.47% Jul 8, 2024 - Oct 18, 2024 | -9.82% Mar 19, 2025 - Apr 22, 2025 |
| #4 | -6.44% Nov 25, 2022 - Jan 11, 2023 | -8.82% Sep 26, 2024 - Mar 5, 2025 |
| #5 | -6.05% Sep 28, 2023 - Nov 14, 2023 | -8.44% Feb 27, 2026 - Jul 30, 2026 |
| #6 | -5.38% Oct 4, 2022 - Oct 25, 2022 | -5.85% Jul 3, 2019 - Oct 28, 2019 |
| #7 | -4.36% Oct 21, 2024 - Nov 19, 2024 | -5.44% Feb 16, 2021 - Apr 5, 2021 |
| #8 | -3.33% Jan 30, 2024 - Mar 7, 2024 | -4.81% Jul 12, 2024 - Aug 16, 2024 |
| #9 | -2.88% Aug 7, 2023 - Sep 1, 2023 | -3.89% Nov 12, 2025 - Nov 28, 2025 |
| #10 | -2.73% Jan 2, 2025 - Jan 16, 2025 | -3.82% Jan 8, 2021 - Feb 12, 2021 |
| #11 | -2.71% Nov 29, 2024 - Dec 24, 2024 | -3.59% Jul 23, 2025 - Aug 13, 2025 |
| #12 | -2.48% Feb 7, 2023 - Feb 17, 2023 | -3.01% Jun 15, 2021 - Jul 28, 2021 |
| #13 | -2.40% Sep 1, 2023 - Sep 14, 2023 | -2.90% May 7, 2021 - May 24, 2021 |
| #14 | -2.40% Jun 3, 2024 - Jul 3, 2024 | -2.61% Sep 12, 2025 - Oct 27, 2025 |
| #15 | -2.40% Nov 7, 2022 - Nov 11, 2022 | -2.48% Oct 27, 2025 - Nov 11, 2025 |
Correlation
Correlation between PBDC and FDEV is 0.66 which considered as a moderate positive correlation - the stocks show some tendency to move together.
0.66
-101
Dividend Comparison (2019 - 2026)
PBDC vs FDEV dividend yield comparison.
| Year | PBDC | FDEV |
|---|---|---|
| 2026 | 4.97% | 1.65% |
| 2025 | 10.53% | 2.86% |
| 2024 | 9.29% | 2.99% |
| 2023 | 9.86% | 2.80% |
| 2022 | 3.40% | 2.65% |
| 2021 | 0.00% | 2.81% |
| 2020 | 0.00% | 1.88% |
| 2019 | 0.00% | 2.73% |
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