FIDJX vs. PPEM

Last updated Jul 15, 2026

FIDJX (Fidelity SAI Sustainable Sector Fund) and PPEM (Putnam Panagora ESG Emerging Markets Equity ETF -) are both funds - FIDJX is a Large Cap Blend Equities fund actively managed by Fidelity, while PPEM is a Emerging Markets Diversified fund tracking the MSCI Emerging Markets Index. FIDJX is actively managed, while PPEM is passively managed. A 0.63 correlation means they provide meaningful diversification when combined. FIDJX charges 0.44%/yr vs 0.61%/yr for PPEM.

Performance

FIDJX vs. PPEM - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity SAI Sustainable Sector Fund (FIDJX) and Putnam Panagora ESG Emerging Markets Equity ETF - (PPEM). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

FIDJX

• 1D: -0.87%
• 1M: -0.38%
• 6M: 10.94%
• YTD: 13.28%
• 1Y: 26.41%
• 3Y*: 21.09%
• 5Y*: —
• 10Y*: —

PPEM

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

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

FIDJX vs. PPEM - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
FIDJX Fidelity SAI Sustainable Sector Fund	13.28%	17.55%	23.85%	28.11%
PPEM Putnam Panagora ESG Emerging Markets Equity ETF -	31.88%	35.39%	7.50%	0.19%

Correlation

The correlation between FIDJX and PPEM is 0.68, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.68
Correlation (3Y) Calculated over the trailing 3-year period	0.63
Correlation (All Time) Calculated using the full available price history since Jan 20, 2023	0.63

The correlation between FIDJX and PPEM has been stable across timeframes, ranging from 0.63 to 0.68 - a consistent structural relationship.

Return for Risk

FIDJX vs. PPEM — Risk / Return Rank

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

FIDJX

FIDJX Risk / Return Rank: 78
FIDJX Sharpe Ratio Rank: 75
FIDJX Sortino Ratio Rank: 70
FIDJX Omega Ratio Rank: 70
FIDJX Calmar Ratio Rank: 84
FIDJX Martin Ratio Rank: 92

PPEM

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

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.

FIDJX vs. PPEM - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity SAI Sustainable Sector Fund (FIDJX) 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.

	FIDJX	PPEM	Difference
Sharpe ratio: Return per unit of total volatility	1.93	—	—
Sortino ratio: Return per unit of downside risk	2.62	—	—
Omega ratio: Gain probability vs. loss probability	1.34	—	—
Calmar ratio: Return relative to maximum drawdown	3.11	—	—
Martin ratio: Return relative to average drawdown	14.18	—	—

Drawdowns

Drawdown Indicators

	FIDJX	PPEM	Difference
Max Drawdown Largest peak-to-trough decline	-20.43%	—	—
Max Drawdown (1Y) Largest decline over 1 year	-8.63%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-20.43%	—	—
Current Drawdown Current decline from peak	-2.41%	—	—
Average Drawdown Average peak-to-trough decline	-3.49%	—	—
Ulcer Index Depth and duration of drawdowns from previous peaks	1.88%	—	—

Volatility

Volatility by Period

	FIDJX	PPEM	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.87%	—	—
Volatility (6M) Calculated over the trailing 6-month period	11.27%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	13.95%	—	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.16%	—	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.16%	—	—

FIDJX vs. PPEM - Expense Ratio Comparison

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

Dividends

FIDJX vs. PPEM - Dividend Comparison

FIDJX's dividend yield for the trailing twelve months is around 0.33%, while PPEM has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022
FIDJX Fidelity SAI Sustainable Sector Fund	0.33%	0.60%	1.74%	0.52%	0.44%
PPEM Putnam Panagora ESG Emerging Markets Equity ETF -	49.06%	6.05%	3.27%	1.94%	0.00%

Frequently Asked Questions

Can I hold both FIDJX and PPEM in my portfolio?

FIDJX and PPEM have a correlation of 0.68, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.