FXED vs PBDC
Sound Enhanced Fixed Income ETF against Putnam BDC Income ETF: cost, size, returns, what they hold and how much of it is the same.
Overlap by weight
14%
9 shared positions
Fee gap
988 bp
FXED is cheaper
1-year return gap
4.6 pts
FXED is ahead
Larger fund
PBDC
$279M
Side by side
| FXED | PBDC | |
|---|---|---|
| Fund | Sound Enhanced Fixed Income ETF | Putnam BDC Income ETF |
| Issuer | Sound | Putnam |
| Category | Multisector Bond | Bank Loans & CLOs |
| Expense ratio | 1.89% | 11.77% |
| Assets | $37M | $279M |
| Average daily dollar volume | $85K | $2.8M |
| Listed | Dec 30, 2020 | Sep 29, 2022 |
| FrenzyCap score | 20 | 30 |
| 1-month return | +0.7% | +3.9% |
| 3-month return | −4.7% | −7.6% |
| Year to date | −7.5% | −14.5% |
| 1-year return | −9.5% | −14.1% |
| 30-day volatility | 12.1% | 22.4% |
| Worst drawdown, 1 year | −10.5% | −23.0% |
| Trailing 12-month yield | 7.52% | 11.34% |
| Holdings | 63 | 28 |
| Top 10 weight | 23.2% | 72.1% |
| Look-through P/E | — | 16.4 |
| Holdings vs fair value | — | +35.8% |
| Holdings above 200-day average | — | 47% |
| Net flow, latest 3 reported months | $0 thru Aug 2026 | — |
| 30-day implied volatility | — | — |
| Holdings as of | as of Aug 31, 2026SEC filing | as of Nov 12, 2026issuer data |
Returns are price returns and exclude distributions. Flows are each fund's own latest reported months and may not cover the same period.
Largest shared holdings
14% of FXED · 51% of PBDC
Sector mix of the stock holdings
| Sector | FXED | PBDC | Gap |
|---|---|---|---|
| Real Estate | 9.7% | 0.0% | +9.7% |
More: full overlap table · FXED holdings · PBDC holdings
Fund data comes from each fund's SEC filings and issuer disclosures and is shown with the date it is as of. SEC portfolio and flow filings become public about 60 days after the period they cover. Nothing here is investment advice; see Terms.