DEHP vs. PEMX

Last updated Apr 2, 2026

Compare and contrast key facts about Dimensional Emerging Markets High Profitability ETF (DEHP) and Putnam Emerging Markets Ex-China ETF (PEMX).

DEHP and PEMX are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. DEHP is an actively managed fund by Dimensional. It was launched on Apr 26, 2022. PEMX is an actively managed fund by Putnam. It was launched on May 17, 2023.

Performance

DEHP vs. PEMX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Dimensional Emerging Markets High Profitability ETF (DEHP) and Putnam Emerging Markets Ex-China ETF (PEMX). The values are adjusted to include any dividend payments, if applicable.

DEHP vs. PEMX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
DEHP Dimensional Emerging Markets High Profitability ETF	5.79%	32.86%	4.47%	7.73%
PEMX Putnam Emerging Markets Ex-China ETF	10.51%	34.01%	17.21%	15.13%

Returns By Period

In the year-to-date period, DEHP achieves a 5.79% return, which is significantly lower than PEMX's 10.51% return.

DEHP

• 1D: 0.83%
• 1M: -6.78%
• YTD: 5.79%
• 6M: 10.98%
• 1Y: 36.49%
• 3Y*: 15.68%
• 5Y*: —
• 10Y*: —

PEMX

• 1D: 1.36%
• 1M: -6.72%
• YTD: 10.51%
• 6M: 20.10%
• 1Y: 51.35%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

DEHP vs. PEMX - Expense Ratio Comparison

DEHP has a 0.41% expense ratio, which is lower than PEMX's 0.85% expense ratio.

PEMX

Putnam Emerging Markets Ex-China ETF

DEHP

Dimensional Emerging Markets High Profitability ETF

Return for Risk

DEHP vs. PEMX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

DEHP

DEHP Risk / Return Rank: 85
DEHP Sharpe Ratio Rank: 85
DEHP Sortino Ratio Rank: 85
DEHP Omega Ratio Rank: 84
DEHP Calmar Ratio Rank: 86
DEHP Martin Ratio Rank: 86

PEMX

PEMX Risk / Return Rank: 94
PEMX Sharpe Ratio Rank: 95
PEMX Sortino Ratio Rank: 95
PEMX Omega Ratio Rank: 94
PEMX Calmar Ratio Rank: 92
PEMX Martin Ratio Rank: 93

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

DEHP vs. PEMX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Dimensional Emerging Markets High Profitability ETF (DEHP) and Putnam Emerging Markets Ex-China ETF (PEMX). 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.

	DEHP	PEMX	Difference
Sharpe ratio Return per unit of total volatility	1.79	2.52	-0.73
Sortino ratio Return per unit of downside risk	2.40	3.23	-0.83
Omega ratio Gain probability vs. loss probability	1.35	1.46	-0.12
Calmar ratio Return relative to maximum drawdown	2.87	3.61	-0.74
Martin ratio Return relative to average drawdown	11.20	14.76	-3.56
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

DEHP vs. PEMX - Sharpe Ratio Comparison

The current DEHP Sharpe Ratio is 1.79, which is comparable to the PEMX Sharpe Ratio of 2.52. The chart below compares the historical Sharpe Ratios of DEHP and PEMX, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	DEHP	PEMX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.79	2.52	-0.73
Sharpe Ratio (All Time) Calculated using the full available price history	0.60	1.60	-1.00

Correlation

The correlation between DEHP and PEMX is 0.84, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.

Dividends

DEHP vs. PEMX - Dividend Comparison

DEHP's dividend yield for the trailing twelve months is around 1.69%, less than PEMX's 6.34% yield.

	TTM	2025	2024	2023	2022
DEHP Dimensional Emerging Markets High Profitability ETF	1.69%	1.73%	2.44%	2.84%	1.65%
PEMX Putnam Emerging Markets Ex-China ETF	6.34%	7.00%	5.00%	0.72%	0.00%

Drawdowns

DEHP vs. PEMX - Drawdown Comparison

The maximum DEHP drawdown since its inception was -22.90%, which is greater than PEMX's maximum drawdown of -14.91%. Use the drawdown chart below to compare losses from any high point for DEHP and PEMX.

Drawdown Indicators

	DEHP	PEMX	Difference
Max Drawdown Largest peak-to-trough decline	-22.90%	-14.91%	-7.99%
Max Drawdown (1Y) Largest decline over 1 year	-13.16%	-14.45%	+1.29%
Current Drawdown Current decline from peak	-9.02%	-9.73%	+0.71%
Average Drawdown Average peak-to-trough decline	-5.91%	-2.89%	-3.02%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.37%	3.53%	-0.16%

Volatility

DEHP vs. PEMX - Volatility Comparison

The current volatility for Dimensional Emerging Markets High Profitability ETF (DEHP) is 9.53%, while Putnam Emerging Markets Ex-China ETF (PEMX) has a volatility of 10.37%. This indicates that DEHP experiences smaller price fluctuations and is considered to be less risky than PEMX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	DEHP	PEMX	Difference
Volatility (1M) Calculated over the trailing 1-month period	9.53%	10.37%	-0.84%
Volatility (6M) Calculated over the trailing 6-month period	15.54%	15.91%	-0.37%
Volatility (1Y) Calculated over the trailing 1-year period	20.55%	20.51%	+0.04%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.88%	17.17%	+0.71%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.88%	17.17%	+0.71%