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SMMU vs PHYD

PIMCO Short Term Municipal Bond Active Exchange-Traded Fund vs Putnam ESG High Yield ETF

SMMU

PIMCO Short Term Municipal Bond Active Exchange-Traded Fund

Annual cost

0.35%

Fund size

$1.1B

PHYD

Putnam ESG High Yield ETF

Annual cost

0.55%

Fund size

$8M

Key differences

  • SMMU costs 0.20% less per year.
  • SMMU is significantly larger than PHYD — larger funds tend to be more liquid and less likely to close.
  • Over the last 3 years, PHYD has delivered higher annualized returns.
  • SMMU has a longer track record, which may reduce uncertainty around long-term behavior.

Side-by-side comparison

SMMUPHYD
Annual cost (TER)0.35%0.55%
Fund size (AUM)$1.1B$8M
Since20102023
Dividend yield2.79%8.54%
Asset classfixed incomefixed income
Regionnorth americanorth america
Strategyactive selectionactive selection
CAGR 1Y+4.0%+9.2%
CAGR 3Y+3.8%+9.3%
CAGR 5Y+1.9%N/A
Sharpe 3Y0.101.24
Volatility 1Y1.03%3.28%
Max drawdown-5.09%-4.33%

Similar to SMMU and PHYD