FTHF vs. PPEM

Last updated Jul 17, 2026

FTHF (First Trust Emerging Markets Human Flourishing ETF) and PPEM (Putnam Panagora ESG Emerging Markets Equity ETF -) are both Emerging Markets Diversified funds - FTHF tracks the Emerging Markets Human Flourishing Index while PPEM tracks the MSCI Emerging Markets Index. Both are passively managed. Their correlation of 0.82 suggests significant overlap in exposure. FTHF charges 0.75%/yr vs 0.61%/yr for PPEM.

Performance

FTHF vs. PPEM - Performance Comparison

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

Returns By Period

FTHF

• 1D: -3.36%
• 1M: -10.36%
• 6M: 24.84%
• YTD: 34.92%
• 1Y: 74.30%
• 3Y*: —
• 5Y*: —
• 10Y*: —

PPEM

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

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

FTHF vs. PPEM - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
FTHF First Trust Emerging Markets Human Flourishing ETF	34.92%	65.30%	-8.14%	18.14%
PPEM Putnam Panagora ESG Emerging Markets Equity ETF -	31.88%	35.39%	7.50%	10.84%

Correlation

The correlation between FTHF and PPEM is 0.79, 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	0.79
Correlation (All Time) Calculated using the full available price history since Oct 31, 2023	0.82

The correlation between FTHF and PPEM has been stable across timeframes, ranging from 0.79 to 0.82 - a consistent structural relationship.

Return for Risk

FTHF vs. PPEM — Risk / Return Rank

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

FTHF

FTHF Risk / Return Rank: 79
FTHF Sharpe Ratio Rank: 78
FTHF Sortino Ratio Rank: 68
FTHF Omega Ratio Rank: 81
FTHF Calmar Ratio Rank: 91
FTHF Martin Ratio Rank: 78

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.

FTHF vs. PPEM - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for First Trust Emerging Markets Human Flourishing ETF (FTHF) 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.

	FTHF	PPEM	Difference
Sharpe ratio: Return per unit of total volatility	1.98	—	—
Sortino ratio: Return per unit of downside risk	2.48	—	—
Omega ratio: Gain probability vs. loss probability	1.38	—	—
Calmar ratio: Return relative to maximum drawdown	4.58	—	—
Martin ratio: Return relative to average drawdown	11.59	—	—

Drawdowns

Drawdown Indicators

	FTHF	PPEM	Difference
Max Drawdown Largest peak-to-trough decline	-17.36%	—	—
Max Drawdown (1Y) Largest decline over 1 year	-16.31%	—	—
Current Drawdown Current decline from peak	-15.59%	—	—
Average Drawdown Average peak-to-trough decline	-4.34%	—	—
Ulcer Index Depth and duration of drawdowns from previous peaks	6.43%	—	—

Volatility

Volatility by Period

	FTHF	PPEM	Difference
Volatility (1M) Calculated over the trailing 1-month period	14.59%	—	—
Volatility (6M) Calculated over the trailing 6-month period	30.97%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	37.73%	—	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	27.51%	—	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	27.51%	—	—

FTHF vs. PPEM - Expense Ratio Comparison

FTHF has a 0.75% expense ratio, which is higher than PPEM's 0.61% expense ratio.

Dividends

FTHF vs. PPEM - Dividend Comparison

FTHF's dividend yield for the trailing twelve months is around 3.38%, while PPEM has not paid dividends to shareholders.

Position	TTM	2025	2024	2023
FTHF First Trust Emerging Markets Human Flourishing ETF	3.38%	4.40%	3.34%	0.51%
PPEM Putnam Panagora ESG Emerging Markets Equity ETF -	49.06%	6.05%	3.27%	1.94%

Frequently Asked Questions

Can I hold both FTHF and PPEM in my portfolio?

FTHF and PPEM have a correlation of 0.79, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, FTHF or PPEM?

On fees, PPEM is cheaper at 0.61% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, FTHF or PPEM?

PPEM is cheaper with a 0.61% expense ratio, compared with 0.75% for FTHF.

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

PPEM has the higher dividend yield at 49.06%, compared with 3.38% for FTHF.

What is the main difference between FTHF and PPEM?

FTHF tracks Emerging Markets Human Flourishing Index, while PPEM tracks MSCI Emerging Markets Index. They also come from different issuers: First Trust and Putnam. Their fees differ too: 0.75% for FTHF and 0.61% for PPEM.