OAEM vs. PPEM

Last updated Aug 2, 2026

OAEM (OneAscent Emerging Markets ETF) and PPEM (Putnam Panagora ESG Emerging Markets Equity ETF -) are both Emerging Markets Equities funds. OAEM is actively managed, while PPEM is passively managed. Their 0.79 correlation means they have sometimes moved together and sometimes differently. OAEM charges 1.25%/yr vs 0.61%/yr for PPEM.

Performance

OAEM vs. PPEM - Performance Comparison

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

Returns By Period

OAEM

• 1D: 0.83%
• 1M: -2.87%
• 6M: 13.83%
• YTD: 26.54%
• 1Y: 43.91%
• 3Y*: 18.13%
• 5Y*: —
• 10Y*: —
• ALL TIME*: 18.43%

PPEM

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

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
OAEM OneAscent Emerging Markets ETF	$452.20K	$547.88K	$1.41M

OAEM vs. PPEM - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
OAEM OneAscent Emerging Markets ETF	26.54%	26.67%	0.43%	8.93%
PPEM Putnam Panagora ESG Emerging Markets Equity ETF -	31.88%	35.39%	7.50%	0.19%

Correlation

The correlation between OAEM and PPEM is 0.73, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.73
Correlation (3Y) Balances recent behavior with more history.	0.79
Correlation (All Time) Calculated using the full available price history since Jan 20, 2023	0.79

The correlation between OAEM and PPEM has been stable across timeframes, ranging from 0.73 to 0.79 - a consistent structural relationship.

OAEM vs. PPEM - Sectors Allocation Comparison

Sectors	OAEM	PPEM
Technology	45.0%	50.9%
Industrials	15.8%	3.2%
Financial Services	15.7%	16.8%
Basic Materials	7.1%	3.6%
Consumer Cyclical	5.1%	7.7%
Real Estate	3.9%	1.5%
Energy	3.1%	2.5%
Consumer Defensive	2.1%	1.0%
Communication Services	1.3%	8.0%
Utilities	0.9%	2.4%
Healthcare	-	2.5%

Return for Risk

OAEM vs. PPEM — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

OAEM

OAEM Risk / Return Rank: 70
OAEM Sharpe Ratio Rank: 68
OAEM Sortino Ratio Rank: 60
OAEM Omega Ratio Rank: 68
OAEM Calmar Ratio Rank: 79
OAEM Martin Ratio Rank: 74

PPEM

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

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

OAEM vs. PPEM - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for OneAscent Emerging Markets ETF (OAEM) 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.

	OAEM	PPEM	Difference
Sharpe ratio: Return per unit of total volatility	1.57	—	—
Sortino ratio: Return per unit of downside risk	2.06	—	—
Omega ratio: Gain probability vs. loss probability	1.29	—	—
Calmar ratio: Return relative to maximum drawdown	2.84	—	—
Martin ratio: Return relative to average drawdown	9.24	—	—

Drawdowns

Drawdown Indicators

	OAEM	PPEM	Difference
Max Drawdown Largest peak-to-trough decline	-17.05%	—	—
Max Drawdown (1Y) Largest decline over 1 year	-15.09%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-17.05%	—	—
Current Drawdown Current decline from peak	-10.37%	—	—
Average Drawdown Average peak-to-trough decline	-3.98%	—	—
Ulcer Index Depth and duration of drawdowns from previous peaks	4.64%	—	—

Volatility

Volatility by Period

	OAEM	PPEM	Difference
Volatility (1M) Calculated over the trailing 1-month period	10.55%	—	—
Volatility (6M) Calculated over the trailing 6-month period	25.40%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	27.41%	—	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	20.93%	—	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	20.93%	—	—

OAEM vs. PPEM - Expense Ratio Comparison

OAEM has a 1.25% expense ratio, which is higher than PPEM's 0.61% expense ratio.

Dividends

OAEM vs. PPEM - Dividend Comparison

OAEM's dividend yield for the trailing twelve months is around 0.61%, while PPEM has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022
OAEM OneAscent Emerging Markets ETF	0.61%	0.77%	0.91%	1.63%	0.04%
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 OAEM and PPEM in my portfolio?

OAEM and PPEM have a correlation of 0.73, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, OAEM 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, OAEM or PPEM?

PPEM is cheaper with a 0.61% expense ratio, compared with 1.25% for OAEM.

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

PPEM has the higher dividend yield at 49.06%, compared with 0.61% for OAEM.

What is the main difference between OAEM and PPEM?

They also come from different issuers: Oneascent and Putnam. Their fees differ too: 1.25% for OAEM and 0.61% for PPEM.