PBDC vs. SPAX ETF Comparison
Comparison of Putnam BDC Income ETF (PBDC) to Robinson Alternative Yield Pre-merger SPAC ETF (SPAX)
PBDC
Putnam BDC Income ETF
PBDC Description
Putnam BDC Income ETF is an exchange traded fund launched and managed by Putnam Investment Management, LLC. The fund is co-managed by Putnam Investments Limited. It invests in the public equity markets of the United States. The fund invests in stocks of companies operating across business development companies sectors. The fund invests in growth and value stocks of companies across diversified market capitalization. Putnam BDC Income ETF is domiciled in the United States.
Grade (RS Rating)
Last Trade
$33.69
Average Daily Volume
35,425
10
SPAX
Robinson Alternative Yield Pre-merger SPAC ETF
SPAX Description
The Robinson Alternative Yield Pre-Merger SPAC ETF (SPAX) is an actively managed exchange-trade fund (ETF) that invests in Special Purpose Acquisition Companies (SPACs), also known as blank check companies. SPAX seeks to provide total return while minimizing downside risk. SPAX invests primarily in equity securities, specifically units and shares of common stock and warrants of U.S.-listed SPACs. SPAX expects to invest the majority of its assets in SPACs which are small capitalization companies. The Fund intends to exit any SPAC units, common shares and warrants prior to the completion of a business combination, seeking to minimize downside risk.Grade (RS Rating)
Last Trade
$20.45
Average Daily Volume
5,655
26
Performance
| Period | PBDC | SPAX |
|---|---|---|
| 30 Days | 2.37% | 0.48% |
| 60 Days | -1.12% | 1.02% |
| 90 Days | 0.35% | 1.26% |
| 12 Months | 18.16% | 2.50% |
0 Overlapping Holdings
| Symbol | Grade | Weight in PBDC | Weight in SPAX | Overlap |
|---|
PBDC Underweight 26 Positions Relative to SPAX
| Symbol | Grade | Weight | |
|---|---|---|---|
| BACA | F | -3.18% | |
| HAIA | B | -3.01% | |
| CMCA | B | -2.63% | |
| HCVI | C | -2.5% | |
| FLD | D | -2.39% | |
| AOGO | F | -2.36% | |
| CNDA | B | -2.3% | |
| TGAA | D | -2.06% | |
| BNIX | C | -1.9% | |
| CFFS | B | -1.74% | |
| ONYX | C | -1.65% | |
| PRLH | B | -1.44% | |
| IVCP | C | -1.43% | |
| GHIX | D | -1.26% | |
| BLEU | B | -1.07% | |
| GAQ | C | -0.64% | |
| IMAQ | D | -0.44% | |
| PWUP | C | -0.4% | |
| MCAG | B | -0.26% | |
| PPYA | D | -0.26% | |
| ROCL | B | -0.22% | |
| MSSA | B | -0.17% | |
| TRON | D | -0.14% | |
| MITA | C | -0.12% | |
| BRKH | A | -0.1% | |
| VMCA | C | -0.03% |
PBDC: Top Represented Industries & Keywords
SPAX: Top Represented Industries & Keywords
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