PBDC vs GRIN
Comparison between Putnam BDC Income ETF (PBDC, ETF) and VictoryShares International Free Cash Flow Growth ETF (GRIN, ETF).
PBDC vs GRIN - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
Net Assets
Winner
PBDC
$276M
GRIN
$275M
Expense Ratio
PBDC
13.49%
Winner
GRIN
0.56%
Max Drawdown
PBDC
28.02%
Winner
GRIN
14.36%
Sharpe Ratio
PBDC
-0.68
Winner
GRIN
1.10
5Y Beta
Winner
PBDC
0.69
GRIN
1.48
P/E Ratio
PBDC
11.91
GRIN
N/A
Forward P/E
PBDC
7.92
GRIN
N/A
PEG Ratio
PBDC
0.16
GRIN
N/A
P/S Ratio
PBDC
4.03
GRIN
N/A
P/B Ratio
PBDC
0.88
GRIN
N/A
PBDC vs GRIN - Holdings Comparison
PBDC and GRIN have 1 common holdings. Overlap is 0.00%
PBDC's top 25 holdings weight is 99.98%. GRIN's top 25 holdings weight is 57.25%.
| Rank | PBDC | GRIN |
|---|---|---|
| #1 | ARES CAPITAL CORP (ARCC) - 12.20% | KIOXIA HOLDINGS CORP ORDINARY SHARES (n/a) - 11.93% |
| #2 | BLUE OWL TECHNOLOGY FINANCE CORP (OTF) - 10.79% | SIEMENS ENERGY AG ORDINARY SHARES (n/a) - 3.23% |
| #3 | BLUE OWL CAPITAL CORP ORDINARY SHARES (OBDC) - 9.71% | ASML HOLDING NV (n/a) - 3.10% |
| #4 | GOLUB CAPITAL BDC INC (GBDC) - 7.71% | BARRICK MINING CORP (n/a) - 2.66% |
| #5 | HERCULES CAPITAL INC (HTGC) - 6.85% | ADVANTEST CORP (n/a) - 2.49% |
| #6 | MAIN STREET CAPITAL CORP (MAIN) - 6.21% | TECHNIPFMC PLC (n/a) - 2.37% |
| #7 | TRINITY CAPITAL INC ORDINARY SHARES (TRIN) - 4.66% | n/a (BDRBF) - 2.35% |
| #8 | SIXTH STREET SPECIALTY LENDING INC (TSLX) - 4.62% | KINROSS GOLD CORP (n/a) - 2.34% |
| #9 | BLACKSTONE SECURED LENDING FUND ORDINARY SHARES (BXSL) - 4.27% | TOKYO ELECTRON LTD (n/a) - 2.29% |
| #10 | BARINGS BDC INC (BBDC) - 4.12% | n/a (CLS) - 2.29% |
| #11 | KAYNE ANDERSON BDC INC (KBDC) - 3.91% | AGNICO EAGLE MINES LTD (n/a) - 2.11% |
| #12 | MSC INCOME FUND INC ORDINARY SHARES (MSIF) - 3.31% | ROLLS-ROYCE HOLDINGS PLC (n/a) - 1.95% |
| #13 | CAPITAL SOUTHWEST CORP (CSWC) - 3.15% | ENDEAVOUR MINING PLC (n/a) - 1.93% |
| #14 | FS KKR CAPITAL CORP (FSK) - 3.15% | FUJIKURA LTD (n/a) - 1.75% |
| #15 | BAIN CAPITAL SPECIALTY FINANCE INC (BCSF) - 3.02% | WARTSILA CORP (n/a) - 1.62% |
| #16 | SLR INVESTMENT CORP (SLRC) - 2.56% | IAMGOLD CORP (n/a) - 1.60% |
| #17 | MORGAN STANLEY DIRECT LENDING (MSDL) - 1.84% | HOCHTIEF AG (n/a) - 1.35% |
| #18 | PENNANTPARK FLOATING RATE CAPITAL LTD (PFLT) - 1.71% | NOVO NORDISK AS CLASS B (n/a) - 1.34% |
| #19 | MIDCAP FINANCIAL INVESTMENT CORP (MFIC) - 1.69% | PAN AMERICAN SILVER CORP (PAAS) - 1.32% |
| #20 | SURO CAPITAL CORP (SSSS) - 1.58% | EVOLUTION MINING LTD (n/a) - 1.29% |
| #21 | FIDUS INVESTMENT CORP (FDUS) - 1.49% | SAP SE (n/a) - 1.25% |
| #22 | RUNWAY GROWTH FINANCE CORP ORDINARY SHARES (RWAY) - 1.31% | FAST RETAILING CO LTD (n/a) - 1.20% |
| #23 | PUTNAM GOVERNMENT MONEY MARKET P (PGLXX) - 0.12% | LASERTEC CORP (n/a) - 1.18% |
| #24 | CASH (n/a) - 0.00% | FIRST MAJESTIC SILVER CORP (AG) - 1.18% |
| #25 | N/A | RECRUIT HOLDINGS CO LTD (n/a) - 1.13% |
| Total Holdings | 24 | 101 |
PBDC vs GRIN - Historical Returns
Returns include dividend reinvestment.
1M
PBDC
+0.15%
Winner
GRIN
+3.23%
3M
PBDC
+5.92%
Winner
GRIN
+15.29%
6M
PBDC
-9.28%
Winner
GRIN
+18.87%
1Y
PBDC
-9.95%
Winner
GRIN
+28.95%
Max(CAGR)
PBDC
+12.80%
Winner
GRIN
+30.29%
PBDC vs GRIN - Annual Returns (2022 - 2026)
Returns include dividend reinvestment.
| Year | PBDC | GRIN |
|---|---|---|
| 2026 | -8.65% | +17.12% |
| 2025 | -2.34% | +8.73% |
| 2024 | +19.15% | N/A |
| 2023 | +28.69% | N/A |
| 2022 | +10.87% | N/A |
PBDC vs GRIN 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 GRIN was -14.31%, occurring on Mar 30, 2026. Recovery took 32 trading sessions.
The current PBDC drawdown is -15.58%. The current GRIN drawdown is -0.40%.
| Rank | PBDC | GRIN |
|---|---|---|
| #1 | -20.29% Feb 19, 2025 - Mar 12, 2026 | -14.31% Feb 26, 2026 - Apr 14, 2026 |
| #2 | -10.57% Mar 6, 2023 - Jun 7, 2023 | -7.55% Jan 27, 2026 - Feb 25, 2026 |
| #3 | -8.47% Jul 8, 2024 - Oct 18, 2024 | -7.29% Jun 4, 2026 - Jun 10, 2026 |
| #4 | -6.44% Nov 25, 2022 - Jan 11, 2023 | -7.08% Oct 6, 2025 - Dec 23, 2025 |
| #5 | -6.05% Sep 28, 2023 - Nov 14, 2023 | -6.22% May 8, 2026 - May 26, 2026 |
| #6 | -5.38% Oct 4, 2022 - Oct 25, 2022 | -5.42% Apr 17, 2026 - May 6, 2026 |
| #7 | -4.36% Oct 21, 2024 - Nov 19, 2024 | -3.59% Jul 23, 2025 - Aug 12, 2025 |
| #8 | -3.33% Jan 30, 2024 - Mar 7, 2024 | -2.05% May 26, 2026 - Jun 1, 2026 |
| #9 | -2.88% Aug 7, 2023 - Sep 1, 2023 | -2.05% Jun 30, 2025 - Jul 23, 2025 |
| #10 | -2.73% Jan 2, 2025 - Jan 16, 2025 | -2.03% Sep 22, 2025 - Oct 1, 2025 |
| #11 | -2.71% Nov 29, 2024 - Dec 24, 2024 | -1.96% May 6, 2026 - May 8, 2026 |
| #12 | -2.48% Feb 7, 2023 - Feb 17, 2023 | -1.92% Aug 22, 2025 - Sep 5, 2025 |
| #13 | -2.40% Sep 1, 2023 - Sep 14, 2023 | -1.67% Dec 26, 2025 - Jan 5, 2026 |
| #14 | -2.40% Jun 3, 2024 - Jul 3, 2024 | -1.64% Aug 18, 2025 - Aug 22, 2025 |
| #15 | -2.40% Nov 7, 2022 - Nov 11, 2022 | -1.35% Apr 14, 2026 - Apr 17, 2026 |
Correlation
Correlation between PBDC and GRIN 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)
PBDC vs GRIN dividend yield comparison.
| Year | PBDC | GRIN |
|---|---|---|
| 2026 | 2.60% | 0.40% |
| 2025 | 10.53% | 0.16% |
| 2024 | 9.29% | 0.00% |
| 2023 | 9.86% | 0.00% |
| 2022 | 3.40% | 0.00% |
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