SHDG vs PIM

Comparison between SOUNDWATCH HEDGED EQUITY ETF (SHDG, ETF) and Putnam Master Intermediate Income Trust (PIM, ETF).

SHDG vs PIM - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	SHDG(ETF)	PIM(ETF)
Net Assets	$164M	$164M
Expense Ratio	0.91%	N/A
Max Drawdown	15.84%	57.86%
Sharpe Ratio	1.03	0.04
5Y Beta	0.67	0.17
5Y Dividends CAGR	N/A	-5.05%

Net Assets

Winner

SHDG

$164M

PIM

$164M

Expense Ratio

SHDG

0.91%

PIM

N/A

Max Drawdown

Winner

SHDG

15.84%

PIM

57.86%

Sharpe Ratio

Winner

SHDG

1.03

PIM

0.04

5Y Beta

SHDG

0.67

Winner

PIM

0.17

5Y Dividends CAGR

SHDG

N/A

PIM

-5.05%

SHDG vs PIM - Historical Returns

Returns include dividend reinvestment.

Period	SHDG	PIM
1 month	+0.92%	+1.17%
3 months	+0.55%	+0.84%
6 months	+0.62%	+1.64%
1 year	+12.31%	+3.18%
5 years(CAGR)	N/A	+2.24%
10 years(CAGR)	N/A	+4.46%
Max(CAGR)	+14.33%	+5.08%

SHDG

+0.92%

Winner

PIM

+1.17%

SHDG

+0.55%

Winner

PIM

+0.84%

SHDG

+0.62%

Winner

PIM

+1.64%

Winner

SHDG

+12.31%

PIM

+3.18%

5Y(CAGR)

SHDG

N/A

PIM

+2.24%

10Y(CAGR)

SHDG

N/A

PIM

+4.46%

Max(CAGR)

Winner

SHDG

+14.33%

PIM

+5.08%

SHDG vs PIM - Annual Returns (1999 - 2026)

Returns include dividend reinvestment.

Year	SHDG	PIM
2026	+0.54%	-0.11%
2025	+11.41%	+10.23%
2024	+20.29%	+10.15%
2023	+18.35%	+7.10%
2022	+2.56%	-11.58%
2021	N/A	+1.00%
2020	N/A	-3.73%
2019	N/A	+19.57%
2018	N/A	-5.87%
2017	N/A	+10.79%
2016	N/A	+10.02%
2015	N/A	-0.98%
2014	N/A	+1.51%
2013	N/A	+4.52%
2012	N/A	+6.90%
2011	N/A	-5.61%
2010	N/A	+4.74%
2009	N/A	+74.09%
2008	N/A	-30.23%
2007	N/A	+4.03%
2006	N/A	+12.30%
2005	N/A	-1.22%
2004	N/A	+6.37%
2003	N/A	+16.46%
2002	N/A	+11.36%
2001	N/A	+6.11%
2000	N/A	+5.38%
1999	N/A	-9.52%

SHDG vs PIM Drawdown Comparison

The maximum drawdown for SHDG was -15.82%, occurring on Apr 8, 2025. Recovery took 105 trading sessions.

The maximum drawdown for PIM was -43.29%, occurring on Dec 9, 2008. Recovery took 303 trading sessions.

The current SHDG drawdown is -0.99%. The current PIM drawdown is -2.60%.

Rank	SHDG	PIM
#1	-15.82% Feb 19, 2025 - Jul 22, 2025	-43.29% May 21, 2008 - Aug 4, 2009
#2	-8.69% Jul 31, 2023 - Dec 12, 2023	-28.13% Feb 7, 2020 - Sep 18, 2024
#3	-6.62% Feb 2, 2026 - Mar 30, 2026	-21.58% Jun 6, 2011 - Jun 23, 2014
#4	-6.49% Jul 16, 2024 - Aug 30, 2024	-14.81% Nov 2, 1999 - Jan 10, 2001
#5	-4.63% Feb 15, 2023 - Mar 31, 2023	-13.57% Mar 22, 2010 - Jun 28, 2010
#6	-4.42% Dec 1, 2022 - Jan 26, 2023	-13.02% Nov 9, 2010 - May 31, 2011
#7	-3.98% Mar 27, 2024 - May 15, 2024	-12.75% Jun 23, 2014 - Aug 15, 2016
#8	-3.75% Aug 30, 2024 - Sep 19, 2024	-10.86% Jun 7, 2001 - Jan 22, 2002
#9	-3.53% Dec 16, 2024 - Feb 13, 2025	-10.28% May 3, 2018 - Mar 29, 2019
#10	-3.29% Oct 27, 2025 - Nov 28, 2025	-9.45% Mar 30, 2004 - Aug 31, 2004
#11	-2.51% Oct 28, 2022 - Nov 10, 2022	-9.32% Jun 14, 2002 - Sep 5, 2002
#12	-2.33% Dec 11, 2025 - Dec 23, 2025	-7.31% Jul 6, 2005 - Aug 17, 2006
#13	-1.94% Oct 8, 2025 - Oct 21, 2025	-7.26% Jul 3, 2007 - Dec 26, 2007
#14	-1.94% May 1, 2023 - May 18, 2023	-7.07% Jan 3, 2008 - May 5, 2008
#15	-1.90% Oct 18, 2024 - Nov 6, 2024	-6.45% Sep 12, 2025 - Dec 17, 2025

Correlation

Correlation between SHDG and PIM is 0.97 which considered as a very strong positive correlation - the stocks move almost identically together.

0.97

-101

Dividend Comparison (2000 - 2026)

SHDG vs PIM dividend yield comparison.

Year	SHDG	PIM
2026	0.00%	3.43%
2025	0.50%	7.90%
2024	0.62%	8.10%
2023	1.24%	8.28%
2022	0.90%	8.25%
2021	0.00%	6.68%
2020	0.00%	8.32%
2019	0.00%	7.59%
2018	0.00%	6.82%
2017	0.00%	6.54%
2016	0.00%	6.77%
2015	0.00%	6.86%
2014	0.00%	6.49%
2013	0.00%	6.19%
2012	0.00%	6.52%
2011	0.00%	7.99%
2010	0.00%	10.64%
2009	0.00%	16.67%
2008	0.00%	12.22%
2007	0.00%	6.25%
2006	0.00%	5.42%
2005	0.00%	6.69%
2004	0.00%	6.81%
2003	0.00%	7.45%
2002	0.00%	8.79%
2001	0.00%	9.67%
2000	0.00%	4.28%