BREE vs. PPEM

Last updated Jul 17, 2026

BREE (MFS Blended Research Emerging Markets Equity ETF) and PPEM (Putnam Panagora ESG Emerging Markets Equity ETF -) are both Emerging Markets Diversified funds. BREE is actively managed, while PPEM is passively managed. A 0.72 correlation means they provide meaningful diversification when combined. BREE charges 0.44%/yr vs 0.61%/yr for PPEM.

Performance

BREE vs. PPEM - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in MFS Blended Research Emerging Markets Equity ETF (BREE) and Putnam Panagora ESG Emerging Markets Equity ETF - (PPEM). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

BREE

• 1D: -2.03%
• 1M: -6.17%
• 6M: —
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

PPEM

• 1D: —
• 1M: —
• 6M: —
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

BREE vs. PPEM - Yearly Performance Comparison

	2026 (YTD)
BREE MFS Blended Research Emerging Markets Equity ETF	5.00%
PPEM Putnam Panagora ESG Emerging Markets Equity ETF -	17.97%

Correlation

The correlation between BREE and PPEM is 0.72, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (All Time) Calculated using the full available price history since Mar 5, 2026	0.72

Return for Risk

BREE vs. PPEM - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for MFS Blended Research Emerging Markets Equity ETF (BREE) and Putnam Panagora ESG Emerging Markets Equity ETF - (PPEM). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

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.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Drawdowns

Drawdown Indicators

	BREE	PPEM	Difference
Max Drawdown Largest peak-to-trough decline	-12.31%	—	—
Current Drawdown Current decline from peak	-9.13%	—	—
Average Drawdown Average peak-to-trough decline	-4.15%	—	—

Volatility

Volatility by Period

	BREE	PPEM	Difference
Volatility (1Y) Calculated over the trailing 1-year period	33.43%	—	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	33.43%	—	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	33.43%	—	—

BREE vs. PPEM - Expense Ratio Comparison

BREE has a 0.44% expense ratio, which is lower than PPEM's 0.61% expense ratio.

Dividends

BREE vs. PPEM - Dividend Comparison

Neither BREE nor PPEM has paid dividends to shareholders.

Position	TTM	2025	2024	2023
BREE MFS Blended Research Emerging Markets Equity ETF	0.00%	0.00%	0.00%	0.00%
PPEM Putnam Panagora ESG Emerging Markets Equity ETF -	49.06%	6.05%	3.27%	1.94%

Frequently Asked Questions

Can I hold both BREE and PPEM in my portfolio?

BREE and PPEM have a correlation of 0.72, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, BREE or PPEM?

On fees, BREE is cheaper at 0.44% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, BREE or PPEM?

BREE is cheaper with a 0.44% expense ratio, compared with 0.61% for PPEM.

Which ETF pays a higher dividend yield, BREE or PPEM?

PPEM has the higher dividend yield at 49.06%, compared with 0.00% for BREE.

What is the main difference between BREE and PPEM?

They also come from different issuers: MFS and Putnam. Their fees differ too: 0.44% for BREE and 0.61% for PPEM.