SPXT vs PBDC
Comparison between PROSHARES S&P 500 EX-TECHNOLOGY ETF (SPXT, ETF) and Putnam BDC Income ETF (PBDC, ETF).
SPXT vs PBDC - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
Net Assets
Winner
SPXT
$284M
PBDC
$283M
Expense Ratio
Winner
SPXT
0.09%
PBDC
13.49%
Max Drawdown
SPXT
34.38%
Winner
PBDC
29.11%
Sharpe Ratio
Winner
SPXT
1.00
PBDC
-0.43
5Y Beta
SPXT
0.74
Winner
PBDC
0.69
P/E Ratio
SPXT
22.08
Winner
PBDC
14.15
Forward P/E
SPXT
19.71
Winner
PBDC
9.58
PEG Ratio
SPXT
0.41
Winner
PBDC
-1.15
5Y Dividends CAGR
SPXT
7.79%
PBDC
N/A
5Y EPS CAGR
SPXT
17.09%
PBDC
N/A
Debt to Equity
SPXT
39.20%
PBDC
N/A
P/S Ratio
Winner
SPXT
2.69
PBDC
4.23
P/B Ratio
SPXT
4.13
Winner
PBDC
0.92
SPXT vs PBDC - Holdings Comparison
SPXT and PBDC have 0 common holdings. Overlap is 0.00%
SPXT's top 25 holdings weight is 45.02%. PBDC's top 25 holdings weight is 100.02%.
| Rank | SPXT | PBDC |
|---|---|---|
| #1 | AMAZON.COM INC (AMZN) - 6.24% | BLUE OWL CAPITAL CORP ORDINARY SHARES (OBDC) - 10.97% |
| #2 | ALPHABET INC CLASS A (GOOGL) - 4.85% | BLUE OWL TECHNOLOGY FINANCE CORP (OTF) - 10.74% |
| #3 | ALPHABET INC CLASS C (GOOG) - 3.88% | ARES CAPITAL CORP (ARCC) - 10.28% |
| #4 | META PLATFORMS INC CLASS A (META) - 2.88% | HERCULES CAPITAL INC (HTGC) - 8.16% |
| #5 | ELI LILLY AND CO (LLY) - 2.43% | MAIN STREET CAPITAL CORP (MAIN) - 7.36% |
| #6 | TESLA INC (TSLA) - 2.37% | GOLUB CAPITAL BDC INC (GBDC) - 6.27% |
| #7 | JPMORGAN CHASE & CO (JPM) - 2.30% | TRINITY CAPITAL INC ORDINARY SHARES (TRIN) - 4.76% |
| #8 | BERKSHIRE HATHAWAY INC CLASS B (BRK-B) - 2.20% | SIXTH STREET SPECIALTY LENDING INC (TSLX) - 4.43% |
| #9 | EXXONMOBIL HOLDINGS CORP (XOM) - 1.64% | BLACKSTONE SECURED LENDING FUND ORDINARY SHARES (BXSL) - 4.20% |
| #10 | JOHNSON & JOHNSON (JNJ) - 1.58% | BARINGS BDC INC (BBDC) - 4.18% |
| #11 | VISA INC CLASS A (V) - 1.46% | KAYNE ANDERSON BDC INC (KBDC) - 3.60% |
| #12 | WALMART INC (WMT) - 1.20% | MSC INCOME FUND INC ORDINARY SHARES (MSIF) - 3.26% |
| #13 | ABBVIE INC (ABBV) - 1.13% | CAPITAL SOUTHWEST CORP (CSWC) - 3.25% |
| #14 | MASTERCARD INC CLASS A (MA) - 1.11% | FS KKR CAPITAL CORP (FSK) - 3.17% |
| #15 | COSTCO WHOLESALE CORP (COST) - 1.02% | BAIN CAPITAL SPECIALTY FINANCE INC (BCSF) - 2.50% |
| #16 | BANK OF AMERICA CORP (BAC) - 0.99% | OAKTREE SPECIALTY LENDING CORP BDC (OCSL) - 2.44% |
| #17 | CHEVRON CORP (CVX) - 0.92% | SLR INVESTMENT CORP (SLRC) - 2.09% |
| #18 | MERCK & CO INC (MRK) - 0.90% | PENNANTPARK FLOATING RATE CAPITAL LTD (PFLT) - 1.88% |
| #19 | CATERPILLAR INC (CAT) - 0.90% | MORGAN STANLEY DIRECT LENDING (MSDL) - 1.88% |
| #20 | GE AEROSPACE (GE) - 0.89% | FIDUS INVESTMENT CORP (FDUS) - 1.41% |
| #21 | UNITEDHEALTH GROUP INC (UNH) - 0.85% | RUNWAY GROWTH FINANCE CORP ORDINARY SHARES (RWAY) - 1.33% |
| #22 | COCA-COLA CO (KO) - 0.84% | NEOSTELLAR CAPITAL CORP (NSLR) - 1.12% |
| #23 | THE HOME DEPOT INC (HD) - 0.82% | BLACKROCK TCP CAPITAL CORP (TCPC) - 0.71% |
| #24 | PROCTER & GAMBLE CO (PG) - 0.81% | PUTNAM GOVERNMENT MONEY MARKET P (PGLXX) - 0.03% |
| #25 | NETFLIX INC (NFLX) - 0.81% | N/A |
| Total Holdings | 432 | 24 |
SPXT vs PBDC - Historical Returns
Returns include dividend reinvestment.
1M
SPXT
+3.84%
Winner
PBDC
+8.26%
3M
SPXT
+4.11%
Winner
PBDC
+6.85%
6M
SPXT
+5.66%
Winner
PBDC
+5.78%
1Y
Winner
SPXT
+15.51%
PBDC
-5.48%
5Y(CAGR)
SPXT
+9.54%
PBDC
N/A
10Y(CAGR)
SPXT
+11.60%
PBDC
N/A
Max(CAGR)
SPXT
+11.92%
Winner
PBDC
+13.84%
SPXT vs PBDC - Annual Returns (2015 - 2026)
Returns include dividend reinvestment.
| Year | SPXT | PBDC |
|---|---|---|
| 2026 | +8.95% | -2.99% |
| 2025 | +15.31% | -2.34% |
| 2024 | +19.71% | +19.15% |
| 2023 | +16.43% | +28.69% |
| 2022 | -14.39% | +10.87% |
| 2021 | +28.06% | N/A |
| 2020 | +9.82% | N/A |
| 2019 | +26.20% | N/A |
| 2018 | -7.09% | N/A |
| 2017 | +17.70% | N/A |
| 2016 | +14.03% | N/A |
| 2015 | +6.52% | N/A |
SPXT vs PBDC Drawdown Comparison
The maximum drawdown for SPXT was -34.38%, occurring on Mar 23, 2020. Recovery took 137 trading sessions.
The maximum drawdown for PBDC was -20.29%, occurring on Mar 12, 2026. This drawdown has not yet recovered.
The current SPXT drawdown is -0.16%. The current PBDC drawdown is -10.35%.
| Rank | SPXT | PBDC |
|---|---|---|
| #1 | -34.38% Feb 19, 2020 - Sep 2, 2020 | -20.29% Feb 19, 2025 - Mar 12, 2026 |
| #2 | -21.46% Jan 4, 2022 - Jan 26, 2024 | -10.57% Mar 6, 2023 - Jun 7, 2023 |
| #3 | -18.68% Sep 24, 2018 - Jun 20, 2019 | -8.47% Jul 8, 2024 - Oct 18, 2024 |
| #4 | -15.58% Jan 30, 2025 - Jul 3, 2025 | -6.44% Nov 25, 2022 - Jan 11, 2023 |
| #5 | -10.46% Dec 22, 2015 - Apr 19, 2016 | -6.05% Sep 28, 2023 - Nov 14, 2023 |
| #6 | -8.89% Jan 23, 2018 - Aug 24, 2018 | -5.38% Oct 4, 2022 - Oct 25, 2022 |
| #7 | -8.22% Sep 2, 2020 - Nov 9, 2020 | -4.36% Oct 21, 2024 - Nov 19, 2024 |
| #8 | -7.90% Feb 27, 2026 - Apr 17, 2026 | -3.33% Jan 30, 2024 - Mar 7, 2024 |
| #9 | -5.80% Jul 26, 2019 - Sep 13, 2019 | -2.88% Aug 7, 2023 - Sep 1, 2023 |
| #10 | -5.56% Jul 16, 2024 - Aug 19, 2024 | -2.73% Jan 2, 2025 - Jan 16, 2025 |
| #11 | -4.96% Nov 5, 2021 - Dec 27, 2021 | -2.71% Nov 29, 2024 - Dec 24, 2024 |
| #12 | -4.52% Sep 2, 2021 - Oct 20, 2021 | -2.48% Feb 7, 2023 - Feb 17, 2023 |
| #13 | -4.50% Nov 29, 2024 - Jan 23, 2025 | -2.40% Sep 1, 2023 - Sep 14, 2023 |
| #14 | -4.28% Mar 28, 2024 - May 15, 2024 | -2.40% Jun 3, 2024 - Jul 3, 2024 |
| #15 | -4.11% Sep 13, 2019 - Oct 23, 2019 | -2.40% Nov 7, 2022 - Nov 11, 2022 |
Correlation
Correlation between SPXT and PBDC is 0.79 which considered as a strong positive correlation - the stocks tend to move together.
0.79
-101
Dividend Comparison (2015 - 2026)
SPXT vs PBDC dividend yield comparison.
| Year | SPXT | PBDC |
|---|---|---|
| 2026 | 0.63% | 4.97% |
| 2025 | 1.38% | 10.53% |
| 2024 | 1.29% | 9.29% |
| 2023 | 1.53% | 9.86% |
| 2022 | 1.86% | 3.40% |
| 2021 | 1.15% | 0.00% |
| 2020 | 1.63% | 0.00% |
| 2019 | 1.63% | 0.00% |
| 2018 | 2.03% | 0.00% |
| 2017 | 1.55% | 0.00% |
| 2016 | 2.67% | 0.00% |
| 2015 | 0.56% | 0.00% |
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