- ISIN
- US25460E6124
- Issuer
- Putnam
- Inception Date
- Jan 19, 2023
- Region
- Emerging Markets (Broad)
- Category
- Emerging Markets Diversified
- Leveraged
- 1x (No leverage)
- Index Tracked
- MSCI Emerging Markets Index
- Distribution Policy
- Distributing
- Asset Class
- Multi-Asset
- Asset Class Size
- Large-Cap
- Asset Class Style
- Blend
- Assets Under Management
- $2M
Share Price Chart
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Performance
PPEM Performance Chart
Putnam Panagora ESG Emerging Markets Equity ETF - (PPEM) is up 31.9% since the beginning of the year. PPEM is currently trading at $24 per share.
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Returns By Period
Putnam Panagora ESG Emerging Markets Equity ETF - (PPEM) has returned 31.88% so far this year and 55.67% over the past 12 months.
Putnam Panagora ESG Emerging Markets Equity ETF -
- 1D
- 0.56%
- 1M
- 4.33%
- YTD
- 31.88%
- 6M
- 34.07%
- 1Y
- 55.67%
- 3Y*
- 24.99%
- 5Y*
- —
- 10Y*
- —
Benchmark (S&P 500 Index)
- 1D
- -0.37%
- 1M
- -0.01%
- YTD
- 9.16%
- 6M
- 8.64%
- 1Y
- 25.22%
- 3Y*
- 19.78%
- 5Y*
- 11.99%
- 10Y*
- 13.88%
PPEM Monthly Returns History
Based on dividend-adjusted daily data since Jan 20, 2023, PPEM's average daily return is +0.08%, while the average monthly return is +1.68%. At this rate, an investment would double in approximately 3.5 years.
Historically, 67% of months were positive and 33% were negative. The best month was Apr 2026 with a return of +14.2%, while the worst month was Mar 2026 at -10.6%. The longest winning streak lasted 10 consecutive months, and the longest losing streak was 3 months.
On a daily basis, PPEM closed higher 54% of trading days. The best single day was Apr 9, 2025 with a return of +7.3%, while the worst single day was Mar 3, 2026 at -5.7%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 8.79% | 8.26% | -10.61% | 14.19% | 9.30% | 0.37% | 31.88% | ||||||
| 2025 | 1.88% | 0.30% | 1.05% | 1.74% | 4.90% | 7.27% | 0.03% | 3.93% | 7.05% | 2.14% | -1.85% | 2.65% | 35.39% |
| 2024 | -3.08% | 4.05% | 2.77% | -0.87% | 0.88% | 3.08% | 2.71% | 0.14% | 5.69% | -3.57% | -2.18% | -1.87% | 7.50% |
| 2023 | -0.78% | -7.11% | 4.03% | -0.44% | -1.24% | 4.24% | 4.03% | -6.96% | -3.59% | -2.07% | 7.13% | 4.13% | 0.19% |
Benchmark Metrics
Putnam Panagora ESG Emerging Markets Equity ETF - has an annualized alpha of 5.20%, beta of 0.80, and R2 of 0.42 versus S&P 500 Index. Calculated based on daily prices since January 20, 2023.
- This ETF participates in less of S&P 500 Index's moves in both directions, but captures a larger share of gains (87.01%) than losses (69.48%) - typical of diversified or defensive assets.
- R2 of 0.42 means the benchmark explains less than half of this ETF's behavior - treat beta with caution or consider switching to a more representative benchmark.
- Alpha
- 5.20%
- Beta
- 0.80
- R²
- 0.42
- Upside Capture
- 87.01%
- Downside Capture
- 69.48%
Expense Ratio
PPEM has an expense ratio of 0.61%, placing it in the medium range.
Return for Risk
Risk / Return Rank
PPEM ranks 81 for risk / return — in the top 81% 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 Panagora ESG Emerging Markets Equity ETF - (PPEM) 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.
| PPEM | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.59 | ||
| Sortino ratioReturn per unit of downside risk | +0.73 | ||
| Omega ratioGain probability vs. loss probability | 1.49 | 1.37 | +0.13 |
| Calmar ratioReturn relative to maximum drawdown | 3.64 | 2.78 | +0.85 |
| Martin ratioReturn relative to average drawdown | 14.57 | 12.44 | +2.13 |
Dividends
Dividend History
Putnam Panagora ESG Emerging Markets Equity ETF - provided a 49.06% dividend yield over the last twelve months, with an annual payout of $11.56 per share. The fund has been increasing its distributions for 2 consecutive years.
| Period | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
| Dividend | $11.56 | $1.61 | $0.68 | $0.39 |
Dividend yield | 49.06% | 6.05% | 3.27% | 1.94% |
Monthly Dividends
The table displays the monthly dividend distributions for Putnam Panagora ESG Emerging Markets Equity 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 | $9.95 | $0.00 | $0.00 | $0.00 | $0.00 | $9.95 | ||||||
| 2025 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $1.61 | $1.61 |
| 2024 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.68 | $0.68 |
| 2023 | $0.39 | $0.39 |
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 Panagora ESG Emerging Markets Equity 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 Panagora ESG Emerging Markets Equity ETF - was 18.44%, occurring on Apr 8, 2025. Recovery took 33 trading sessions.
The current Putnam Panagora ESG Emerging Markets Equity ETF - drawdown is 1.80%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
2025 selloff2025 | -18.44%Apr 2025 | 6mo 2d | 1mo 19d | 7mo 21dOct 2024 - May 2025 |
2026 correction2026 | -15.28%Mar 2026 | 1mo 2d | 1mo 1d | 2mo 3dFeb 2026 - Apr 2026 |
2023 correction2023 | -12.62%Oct 2023 | 2mo 27d | 3mo 28d | 6mo 25dAug 2023 - Feb 2024 |
2023 correction2023 | -11.68%Mar 2023 | 1mo 17d | 4mo 18d | 6mo 5dJan 2023 - Jul 2023 |
2024 pullback2024 | -8.60%Aug 2024 | 21d | 1mo 20d | 2mo 11dJul 2024 - Sep 2024 |
Drawdown Indicators
| PPEM | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -18.44% | -56.78% | +38.34% |
Max Drawdown (1Y)Largest decline over 1 year | -15.28% | -9.10% | -6.18% |
Max Drawdown (3Y)Largest decline over 3 years | -18.44% | -18.90% | +0.46% |
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 | -1.80% | -1.80% | 0.00% |
Average DrawdownAverage peak-to-trough decline | -4.19% | -10.71% | +6.52% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.81% | 2.03% | +1.78% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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