- ISIN
- US7467298474
- Issuer
- Putnam
- Inception Date
- May 17, 2023
- Category
- Emerging Markets Diversified
- Leveraged
- 1x (No leverage)
- Index Tracked
- No Index (Active)
- Distribution Policy
- Distributing
- Asset Class
- Multi-Asset
- Asset Class Size
- Large-Cap
- Asset Class Style
- Growth
- Assets Under Management
- $35M
Share Price Chart
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Performance
PEMX Performance Chart
Putnam Emerging Markets Ex-China ETF (PEMX) is up 38.9% since the beginning of the year. PEMX is currently trading at $89 per share.
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Returns By Period
Putnam Emerging Markets Ex-China ETF (PEMX) has returned 38.87% so far this year and 69.16% over the past 12 months.
Putnam Emerging Markets Ex-China ETF
- 1D
- -6.08%
- 1M
- 6.67%
- YTD
- 38.87%
- 6M
- 41.13%
- 1Y
- 69.16%
- 3Y*
- 33.94%
- 5Y*
- —
- 10Y*
- —
Benchmark (S&P 500 Index)
- 1D
- -1.44%
- 1M
- -1.45%
- YTD
- 7.60%
- 6M
- 6.59%
- 1Y
- 22.24%
- 3Y*
- 19.20%
- 5Y*
- 11.54%
- 10Y*
- 13.71%
PEMX Monthly Returns History
Based on dividend-adjusted daily data since May 18, 2023, PEMX's average daily return is +0.13%, while the average monthly return is +2.57%. At this rate, an investment would double in approximately 2.3 years.
Historically, 74% of months were positive and 26% were negative. The best month was Apr 2026 with a return of +15.3%, while the worst month was Mar 2026 at -9.8%. The longest winning streak lasted 5 consecutive months, and the longest losing streak was 3 months.
On a daily basis, PEMX closed higher 56% of trading days. The best single day was Apr 9, 2025 with a return of +7.0%, while the worst single day was Jun 5, 2026 at -7.5%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 9.93% | 9.99% | -9.83% | 15.31% | 9.70% | 0.69% | 38.87% | ||||||
| 2025 | 0.67% | -4.18% | 0.93% | 4.81% | 4.34% | 8.20% | -0.23% | 0.90% | 5.13% | 7.14% | -0.88% | 3.50% | 34.01% |
| 2024 | 1.16% | 4.54% | 3.04% | -0.98% | 2.10% | 6.93% | -0.13% | 1.06% | 0.51% | -2.56% | 0.37% | 0.28% | 17.21% |
| 2023 | 1.52% | 4.51% | 2.86% | -2.73% | -3.42% | -3.74% | 10.59% | 5.49% | 15.13% |
Benchmark Metrics
Putnam Emerging Markets Ex-China ETF has an annualized alpha of 13.88%, beta of 0.96, and R2 of 0.54 versus S&P 500 Index. Calculated based on daily prices since May 18, 2023.
- This ETF captured 113.44% of S&P 500 Index gains but only 28.69% of its losses - a favorable profile for investors.
- This ETF generated an annualized alpha of 13.88% versus S&P 500 Index - delivering returns beyond what market exposure alone would predict.
- With beta of 0.96 and R2 of 0.54, this ETF moves broadly in line with S&P 500 Index - much of its variation is explained by market exposure rather than independent behavior.
- Alpha
- 13.88%
- Beta
- 0.96
- R²
- 0.54
- Upside Capture
- 113.44%
- Downside Capture
- 28.69%
Expense Ratio
PEMX has an expense ratio of 0.85%, placing it in the medium range.
Return for Risk
Risk / Return Rank
PEMX ranks 87 for risk / return — in the top 87% of ETFs on our site. This means strong returns relative to risk — exactly what professional investors look for. Well-suited for investors who want to maximize return per unit of risk.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for Putnam Emerging Markets Ex-China ETF (PEMX) and compare them to S&P 500 Index.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| PEMX | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.00 | ||
| Sortino ratioReturn per unit of downside risk | +0.90 | ||
| Omega ratioGain probability vs. loss probability | 1.49 | 1.32 | +0.17 |
| Calmar ratioReturn relative to maximum drawdown | 4.81 | 2.46 | +2.36 |
| Martin ratioReturn relative to average drawdown | 18.22 | 10.92 | +7.30 |
Dividends
Dividend History
Putnam Emerging Markets Ex-China ETF provided a 5.04% dividend yield over the last twelve months, with an annual payout of $4.50 per share. The fund has been increasing its distributions for 2 consecutive years.
| Period | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
| Dividend | $4.50 | $4.50 | $2.57 | $0.33 |
Dividend yield | 5.04% | 7.00% | 5.00% | 0.72% |
Monthly Dividends
The table displays the monthly dividend distributions for Putnam Emerging Markets Ex-China ETF. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | ||||||
| 2025 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $4.50 | $4.50 |
| 2024 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $2.57 | $2.57 |
| 2023 | $0.33 | $0.33 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
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Worst Drawdowns
The table below displays the maximum drawdowns of the Putnam Emerging Markets Ex-China ETF. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the Putnam Emerging Markets Ex-China ETF was 14.91%, occurring on Apr 8, 2025. Recovery took 18 trading sessions.
The current Putnam Emerging Markets Ex-China ETF drawdown is 6.08%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
2025 selloff2025 | -14.91%Apr 2025 | 6mo 13d | 27d | 7mo 10dSep 2024 - May 2025 |
2026 correction2026 | -14.45%Mar 2026 | 1mo 2d | 15d | 1mo 17dFeb 2026 - Apr 2026 |
2024 correction2024 | -11.80%Aug 2024 | 25d | 1mo 22d | 2mo 17dJul 2024 - Sep 2024 |
2023 correction2023 | -10.86%Oct 2023 | 3mo 15d | 1mo 5d | 4mo 20dJul 2023 - Dec 2023 |
2026 pullback2026 | -9.00%Jun 2026 | 2d | 10d | 12dJun 2026 - Jun 2026 |
Drawdown Indicators
| PEMX | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -14.91% | -56.78% | +41.87% |
Max Drawdown (1Y)Largest decline over 1 year | -14.45% | -9.10% | -5.35% |
Max Drawdown (3Y)Largest decline over 3 years | -14.91% | -18.90% | +3.99% |
Max Drawdown (5Y)Largest decline over 5 years | — | -25.43% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.92% | — |
Current DrawdownCurrent decline from peak | -6.08% | -3.21% | -2.87% |
Average DrawdownAverage peak-to-trough decline | -2.85% | -10.71% | +7.86% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.81% | 2.04% | +1.77% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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