PCRB vs. PGRI

Last updated Jul 15, 2026

PCRB (Putnam ESG Core Bond ETF -) and PGRI (Putnam International Stock ETF) are both exchange-traded funds - PCRB is a Intermediate Core Bond fund actively managed by Putnam, while PGRI is a Actively Managed fund actively managed by Putnam. Both are actively managed. At a 0.39 correlation, their price movements are largely independent. PCRB charges 0.35%/yr vs 0.55%/yr for PGRI.

Performance

PCRB vs. PGRI - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Putnam ESG Core Bond ETF - (PCRB) and Putnam International Stock ETF (PGRI). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

PCRB

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

PGRI

• 1D: 1.18%
• 1M: -1.83%
• 6M: 3.20%
• YTD: 7.27%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

PCRB vs. PGRI - Yearly Performance Comparison

	2026 (YTD)	2025
PCRB Putnam ESG Core Bond ETF -	-0.48%	-0.37%
PGRI Putnam International Stock ETF	7.27%	-1.11%

Correlation

The correlation between PCRB and PGRI is 0.39, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (All Time) Calculated using the full available price history since Oct 23, 2025	0.39

Return for Risk

PCRB vs. PGRI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Putnam ESG Core Bond ETF - (PCRB) and Putnam International Stock ETF (PGRI). 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

Drawdown Indicators

	PCRB	PGRI	Difference
Max Drawdown Largest peak-to-trough decline	—	-12.87%	—
Current Drawdown Current decline from peak	—	-4.77%	—
Average Drawdown Average peak-to-trough decline	—	-3.07%	—

Volatility

Volatility by Period

	PCRB	PGRI	Difference
Volatility (1Y) Calculated over the trailing 1-year period	—	20.80%	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	—	20.80%	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	—	20.80%	—

PCRB vs. PGRI - Expense Ratio Comparison

PCRB has a 0.35% expense ratio, which is lower than PGRI's 0.55% expense ratio.

Dividends

PCRB vs. PGRI - Dividend Comparison

PCRB has not paid dividends to shareholders, while PGRI's dividend yield for the trailing twelve months is around 0.11%.

Position	TTM	2025	2024	2023
PCRB Putnam ESG Core Bond ETF -	9.42%	4.30%	4.38%	3.65%
PGRI Putnam International Stock ETF	0.11%	0.12%	0.00%	0.00%

Frequently Asked Questions

Can I hold both PCRB and PGRI in my portfolio?

PCRB and PGRI have a correlation of 0.39, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, PCRB or PGRI?

On fees, PCRB is cheaper at 0.35% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, PCRB or PGRI?

PCRB is cheaper with a 0.35% expense ratio, compared with 0.55% for PGRI.

Which ETF pays a higher dividend yield, PCRB or PGRI?

PCRB has the higher dividend yield at 9.42%, compared with 0.11% for PGRI.

What is the main difference between PCRB and PGRI?

PCRB is categorized as Intermediate Core Bond, while PGRI is Actively Managed. Their fees differ too: 0.35% for PCRB and 0.55% for PGRI.