PBDCvsSPCKETF Comparison
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Putnam BDC Income ETF (PBDC) belongs to the US Financials segment. SPAC and New Issue ETF (SPCK) is part of the Uncategorized Equities segment. PBDC's top 2 sector exposures are Finance and Non-Corporate. In contrast, SPCK's top sector exposures are Finance. PBDC is more expensive with a Total Expense Ratio (TER) of 11.77%, versus 3.07% for SPCK. PBDC is down -10.58% year-to-date (YTD) with +$65M in YTD flows. SPCK performs better with -0.72% YTD performance, and +$559K in YTD flows. Run a side-by-side ETF comparison of PBDC and SPCK below, and assess how they stack up in performance, liquidity, risk, exposure, holdings, and more, helping you select the best ETF for your investments.
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PBDC vs SPCK performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 10/16/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | PBDC SPCK | -5.81%-1.91% | -4.85%-2.52% | -10.58%-0.72% | -5.46%-3.11% | +11.58%+10.38% | n/a-8.56% |
| Flows | PBDC SPCK | -$9M- | +$3M- | +$65M+$559K | +$80M+$559K | +$293M-$8M | --$68M |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | PBDC SPCK | +17.66%+11.80% | +18.67%+6.74% | +16.88%+6.28% | n/a+8.05% |
| Max drawdown | PBDC SPCK | -9.61%-6.90% | -15.60%-6.90% | -20.22%-6.95% | n/a-20.29% |
| Max drawdown duration | PBDC SPCK | 64d46d | 274d46d | 604d434d | n/a1795d |
Trading data
PBDC | SPCK | |
Last sale 10/16/2026 at 1:30 PM | $25.20 | $21.60 |
| Previous close 10/15/2026 | $25.70 | $21.64 |
| Consolidated volume 10/15/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
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Main metrics
Last update 10/16/2026 at 1:30 PM
Live
Closed
PBDC | SPCK | |
|---|---|---|
| Last price | $25.20 | $21.60 |
| 1D performance | -1.95% | -0.17% |
| AuM | $265.29 M | $8.11 M |
| E/R | 11.77% | 3.07% |
Characteristics
PBDC | SPCK | |
|---|---|---|
| Management strategy | Active | Active |
| Provider | Putnam | Tuttle Capital Management |
| Benchmark | - | - |
| N° of holdings | 25 | 39 |
| Asset class | - | - |
| Trailing 12m distribution yield | Join | Join |
| Inception date | September 29, 2022 | December 16, 2020 |
| ESG | No | No |
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Exposure
Countries
PBDC
USA
100%
Other
-0%
SPCK
USA
76.88%
Other
23.12%
Sectors
PBDC
Finance
99.83%
Other
0.17%
SPCK
Finance
86.99%
Other
13.01%
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Diversification
PBDC
Total weight of top 15 holdings out of 15
85.77%
SPCK
Total weight of top 15 holdings out of 15
53.8%
Top 15 holdings
Data as of August 31, 2026
PBDC
Blue Owl Technology Finance Corp
10.90%
Blue Owl Capital Corp.
10.61%
Ares Capital Corp.
10.21%
Hercules Capital, Inc.
8.50%
Main Street Capital Corp
7.80%
Golub Capital BDC, Inc.
5.30%
Trinity Capital, Inc.
4.80%
Sixth Street Specialty Lending, Inc.
4.15%
Blackstone Secured Lending Fund
4.10%
Barings BDC, Inc.
3.50%
MSC Income Fund, Inc.
3.37%
Kayne Anderson BDC, Inc.
3.33%
Capital Southwest Corp
3.29%
FS KKR Capital Corp.
3.11%
Oaktree Specialty Lending Corp.
2.78%
SPCK
FR0014019QW4
7.54%
Cohen Circle Acquisition Corp. II
4.50%
FG Imperii Acquisition Corp.
4.05%
Cantor Equity Partners VI, Inc.
3.86%
Berto Acquisition Corp.
3.71%
Twelve Seas Investment Co. III
3.31%
Praetorian Acquisition Corp.
3.16%
RRE Ventures Acquisition Corp.
3.14%
Art Technology Acquisition Corp.
3.14%
Collective Acquisition Corp. II
3.13%
Tribeca Strategic Acquisition Corp.
3.12%
FutureCorp Space Acquisition 1
2.94%
West Enclave Merger Corp.
2.83%
Cantor Equity Partners I, Inc.
2.69%
Velos Acquisition I Corp.
2.67%
Frequently asked questions about PBDC and SPCK
How have the PBDC and SPCK ETFs performed in 2026?
As of October 16, 2026, PBDC is down -10.58% year-to-date (YTD), while SPCK has lost -0.72%. That puts SPCK better performer ahead so far this year.
Which ETF is attracting more investor money: PBDC or SPCK?
Year-to-date, the PBDC ETF saw +$65M in flows, compared to +$559K for SPCK.
Which ETF is more volatile: PBDC or SPCK?
Over the past year, PBDC had a volatility of 18.67%, while SPCK experienced 6.74%.
Which ETF is bigger: PBDC or SPCK?
As of October 16, 2026, PBDC holds $265.29 M in assets under management (AUM), while SPCK manages $8.11 M.
What sectors do the PBDC and SPCK ETFs invest in?
PBDC leans toward sectors like Finance. Meanwhile, SPCK focuses on Finance.
What are the top holdings of the PBDC ETF and SPCK ETF?
PBDC top holdings include Blue Owl Technology Finance Corp, Blue Owl Capital Corp. and Ares Capital Corp.. SPCK holds in its top three: FR0014019QW4, Cohen Circle Acquisition Corp. II and FG Imperii Acquisition Corp..
Which ETF is more diversified: PBDC or SPCK?
PBDC holds 25 securities with 85.77% of its assets in the top 15. SPCK has 42 securities and a top 15 weight of 53.8%.
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Latest news about PBDC & SPCK
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