PCRB vs. PPEM
PCRB (Putnam ESG Core Bond ETF -) and PPEM (Putnam Panagora ESG Emerging Markets Equity ETF -) are both exchange-traded funds - PCRB is a Intermediate Core Bond fund actively managed by Putnam, while PPEM is a Emerging Markets Diversified fund tracking the MSCI Emerging Markets Index. PCRB is actively managed, while PPEM is passively managed. At a 0.17 correlation, their price movements are largely independent. PCRB charges 0.35%/yr vs 0.61%/yr for PPEM.
Performance
PCRB vs. PPEM - Performance Comparison
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Returns By Period
PCRB
- 1D
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- 1M
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- 6M
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- YTD
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- 1Y
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- 3Y*
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- 5Y*
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- 10Y*
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PPEM
- 1D
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- 1M
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- 6M
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- YTD
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- 1Y
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- 3Y*
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- 5Y*
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- 10Y*
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PCRB vs. PPEM - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
PCRB Putnam ESG Core Bond ETF - | -0.48% | 7.21% | 1.91% | 2.40% |
PPEM Putnam Panagora ESG Emerging Markets Equity ETF - | 31.88% | 35.39% | 7.50% | 0.19% |
Correlation
The correlation between PCRB and PPEM is 0.25, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.25 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.20 |
Correlation (All Time) Calculated using the full available price history since Jan 20, 2023 | 0.17 |
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Return for Risk
PCRB vs. PPEM - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Putnam ESG Core Bond ETF - (PCRB) 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.
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
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Drawdowns
PCRB vs. PPEM - Drawdown Comparison
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Volatility
PCRB vs. PPEM - Volatility Comparison
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PCRB vs. PPEM - Expense Ratio Comparison
PCRB has a 0.35% expense ratio, which is lower than PPEM's 0.61% expense ratio.
Dividends
PCRB vs. PPEM - Dividend Comparison
Neither PCRB nor PPEM has paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
PCRB Putnam ESG Core Bond ETF - | 9.42% | 4.30% | 4.38% | 3.65% |
PPEM Putnam Panagora ESG Emerging Markets Equity ETF - | 49.06% | 6.05% | 3.27% | 1.94% |
Frequently Asked Questions
PCRB and PPEM have a correlation of 0.25, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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.
PCRB is cheaper with a 0.35% expense ratio, compared with 0.61% for PPEM.
PPEM has the higher dividend yield at 49.06%, compared with 9.42% for PCRB.
PCRB is categorized as Intermediate Core Bond, while PPEM is Emerging Markets Diversified. Their fees differ too: 0.35% for PCRB and 0.61% for PPEM.
Find the right allocation for PCRB and PPEM
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