PBDC vs PSP: holdings overlap, shared companies and scores
As of September 11, 2026, PBDC and PSP overlap 8.7% by weight. Putnam BDC Income ETF (PBDC): U.S. Business Development Companies. Invesco Global Listed Private Equity ETF (PSP): Global listed private equity firms.
Updated September 11, 2026
How much do PBDC and PSP overlap?
As of September 11, 2026, PBDC and PSP overlap 8.7% by weight.
74% of PBDC is already inside PSP.
9% of PSP is already inside PBDC.
PBDC holds 24 companies and PSP holds 66; 12 are in both.
Computed by ETF Copilot from both funds' holdings rather than quoted from a data provider, and rebuilt nightly.
How does ETF Copilot score PBDC and PSP?
As of September 11, 2026, ETF Copilot scores PBDC 3.9 out of 10 and PSP 1.7 out of 10.
They differ most on Risk: PBDC 8.8 and PSP 1.0.
The five factor scores behind them are set out below, 0–10 and higher is better, ranked against every US equity ETF we track.
| Factor | PBDC | PSP |
|---|---|---|
| Growth | 9.2 | 1.5 |
| Valuation | 0.0 | 4.1 |
| Risk | 8.8 | 1.0 |
| Quality | 0.1 | 1.0 |
| Return | 0.6 | 1.3 |
PSP is the cheaper of the two at 1.75% a year
As of September 11, 2026, PBDC charges 11.77% a year, yields 7.46% and holds $301M in assets across 24 positions.
As of September 11, 2026, PSP charges 1.75% a year, yields 2.78% and holds $242M in assets across 66 positions.
| Measure | PBDC | PSP |
|---|---|---|
| Expense ratio | 11.77% | 1.75% |
| Dividend yield | 7.46% | 2.78% |
| Assets under management | $301M | $242M |
| Holdings | 24 | 66 |
Expense ratio, dividend yield and assets under management are reported by the fund and refreshed daily. Every other figure on this page is computed by ETF Copilot.
Where PBDC and PSP trade against their own history
PBDC trades at 13.4 times earnings, against its own median of 10.0, and is more expensive than 94% of its own 33 monthly readings since 2023.
PSP trades at 12.3 times earnings, against its own median of 10.0, and is more expensive than 73% of its own 114 monthly readings since 2017.
What moved PBDC and PSP this week
PBDC fell 2.5% in the week to September 11, 2026. The holdings that moved it most were Blue OWL Capital (−2.6%), Main Street Capital (−3.2%) and Hercules Capital (−1.7%); Prospect Capital (+1.4%) pushed the other way.
PSP fell 4.5% in the week to September 11, 2026. The holdings that moved it most were TPG Partners (−10.4%), Blue OWL Capital (−10.8%) and KKR (−7.9%); Sofina (+2.3%) pushed the other way.
What do PBDC and PSP each hold?
70% of PBDC is its ten largest holdings.
48% of PSP is its ten largest holdings.
Cite this
ETF Copilot, “PBDC vs PSP holdings overlap and scores”, as of September 11, 2026.
https://etf-copilot.com/compare/pbdc-vs-psp
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