FSST vs. PLDR

Last updated Jul 17, 2026

FSST (Fidelity Sustainability U.S. Equity ETF) and PLDR (Putnam Sustainable Leaders ETF) are both Sustainable funds. FSST is passively managed, while PLDR is actively managed. Their correlation of 0.89 suggests significant overlap in exposure. Both charge a 0.59% expense ratio.

Performance

FSST vs. PLDR - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity Sustainability U.S. Equity ETF (FSST) and Putnam Sustainable Leaders ETF (PLDR). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

FSST

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

PLDR

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

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

FSST vs. PLDR - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
FSST Fidelity Sustainability U.S. Equity ETF	0.00%	15.40%	21.40%	25.49%	-18.30%	12.52%
PLDR Putnam Sustainable Leaders ETF	1.69%	12.03%	23.47%	27.47%	-22.52%	10.65%

Correlation

The correlation between FSST and PLDR is 0.52, 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	0.52
Correlation (3Y) Calculated over the trailing 3-year period	0.81
Correlation (All Time) Calculated using the full available price history since Jun 17, 2021	0.89

Over the past year, the correlation between FSST and PLDR has dropped to 0.52 - well below their long-term average of 0.89, suggesting their price drivers have been diverging.

FSST vs. PLDR - Sectors Allocation Comparison

Sectors	FSST	PLDR
Technology	29.6%	38.3%
Industrials	13.0%	8.4%
Financial Services	12.1%	9.9%
Communication Services	11.7%	11.1%
Consumer Cyclical	11.5%	10.1%
Healthcare	10.2%	7.5%
Consumer Defensive	4.6%	5.3%
Basic Materials	3.4%	2.3%
Energy	1.9%	3.1%
Real Estate	1.3%	0.6%
Utilities	0.9%	3.4%

Return for Risk

FSST vs. PLDR - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Sustainability U.S. Equity ETF (FSST) and Putnam Sustainable Leaders ETF (PLDR). 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

Volatility

FSST vs. PLDR - Expense Ratio Comparison

Both FSST and PLDR have an expense ratio of 0.59%.

Dividends

FSST vs. PLDR - Dividend Comparison

Neither FSST nor PLDR has paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021
FSST Fidelity Sustainability U.S. Equity ETF	0.10%	0.19%	2.01%	0.68%	1.00%	0.34%
PLDR Putnam Sustainable Leaders ETF	0.37%	0.37%	0.38%	0.56%	0.63%	0.39%

Frequently Asked Questions

Can I hold both FSST and PLDR in my portfolio?

FSST and PLDR have a correlation of 0.52, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, FSST or PLDR?

Both ETFs have the same 0.59% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, FSST or PLDR?

FSST and PLDR have the same expense ratio: 0.59% per year.

Which ETF pays a higher dividend yield, FSST or PLDR?

PLDR has the higher dividend yield at 0.37%, compared with 0.10% for FSST.

What is the main difference between FSST and PLDR?

They also come from different issuers: Fidelity and Power Corporation of Canada.