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Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in Putnam Emerging Markets Ex-China ETF, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.
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Returns By Period
Putnam Emerging Markets Ex-China ETF (PEMX) has returned 9.03% so far this year and 50.08% over the past 12 months.
Putnam Emerging Markets Ex-China ETF
- 1D
- 4.10%
- 1M
- -9.83%
- YTD
- 9.03%
- 6M
- 19.84%
- 1Y
- 50.08%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
Benchmark (S&P 500 Index)
- 1D
- 2.91%
- 1M
- -5.09%
- YTD
- -4.63%
- 6M
- -2.39%
- 1Y
- 16.33%
- 3Y*
- 16.69%
- 5Y*
- 10.18%
- 10Y*
- 12.16%
Monthly Returns
Based on dividend-adjusted daily data since May 18, 2023, PEMX's average daily return is +0.10%, while the average monthly return is +2.05%. At this rate, your investment would double in approximately 2.8 years.
Historically, 71% of months were positive and 29% were negative. The best month was Nov 2023 with a return of +10.6%, 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 Apr 4, 2025 at -5.3%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 9.93% | 9.99% | -9.83% | 9.03% | |||||||||
| 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 11.56%, beta of 0.86, and R² of 0.57 versus S&P 500 Index. Calculated based on daily prices since May 19, 2023.
- This ETF captured 100.18% of S&P 500 Index gains but only 27.77% of its losses — a favorable profile for investors.
- This ETF generated an annualized alpha of 11.56% versus S&P 500 Index — delivering returns beyond what market exposure alone would predict.
- With beta of 0.86 and R² of 0.57, 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
- 11.56%
- Beta
- 0.86
- R²
- 0.57
- Upside Capture
- 100.18%
- Downside Capture
- 27.77%
Expense Ratio
PEMX has an expense ratio of 0.85%, placing it in the medium range.
Return for Risk
Risk / Return Rank
PEMX ranks 94 for risk / return — in the top 94% 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 a chosen benchmark (S&P 500 Index).
| PEMX | Benchmark | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 2.46 | 0.90 | +1.56 |
Sortino ratioReturn per unit of downside risk | 3.17 | 1.39 | +1.78 |
Omega ratioGain probability vs. loss probability | 1.45 | 1.21 | +0.24 |
Calmar ratioReturn relative to maximum drawdown | 3.43 | 1.40 | +2.03 |
Martin ratioReturn relative to average drawdown | 14.24 | 6.61 | +7.63 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Explore PEMX risk-adjusted metrics in detail
Dive deeper into individual metrics with historical trends, benchmark comparisons, and performance across different time periods.
Dividends
Dividend History
Putnam Emerging Markets Ex-China ETF provided a 6.42% 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 | 6.42% | 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 | |||||||||
| 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 10.94%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -14.91% | Sep 27, 2024 | 132 | Apr 8, 2025 | 18 | May 5, 2025 | 150 |
| -14.45% | Feb 26, 2026 | 23 | Mar 30, 2026 | — | — | — |
| -11.8% | Jul 11, 2024 | 18 | Aug 5, 2024 | 37 | Sep 26, 2024 | 55 |
| -10.86% | Jul 14, 2023 | 75 | Oct 27, 2023 | 24 | Dec 1, 2023 | 99 |
| -5.75% | Apr 10, 2024 | 8 | Apr 19, 2024 | 17 | May 14, 2024 | 25 |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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