PEMX vs. AVEE
Compare and contrast key facts about Putnam Emerging Markets Ex-China ETF (PEMX) and Avantis Emerging Markets Small Cap Equity ETF (AVEE).
PEMX and AVEE are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. PEMX is an actively managed fund by Putnam. It was launched on May 17, 2023. AVEE is an actively managed fund by Avantis. It was launched on Nov 7, 2023.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: PEMX or AVEE.
Correlation
The correlation between PEMX and AVEE is 0.64, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
PEMX vs. AVEE - Performance Comparison
Key characteristics
PEMX:
0.71
AVEE:
0.53
PEMX:
1.04
AVEE:
0.79
PEMX:
1.13
AVEE:
1.10
PEMX:
0.93
AVEE:
0.61
PEMX:
2.91
AVEE:
1.48
PEMX:
3.76%
AVEE:
5.21%
PEMX:
15.44%
AVEE:
14.65%
PEMX:
-11.81%
AVEE:
-12.67%
PEMX:
-4.65%
AVEE:
-7.03%
Returns By Period
In the year-to-date period, PEMX achieves a 0.42% return, which is significantly lower than AVEE's 2.36% return.
PEMX
0.42%
-2.38%
-1.97%
10.34%
N/A
N/A
AVEE
2.36%
2.80%
-1.17%
6.61%
N/A
N/A
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PEMX vs. AVEE - Expense Ratio Comparison
PEMX has a 0.85% expense ratio, which is higher than AVEE's 0.42% expense ratio.
Risk-Adjusted Performance
PEMX vs. AVEE — Risk-Adjusted Performance Rank
PEMX
AVEE
PEMX vs. AVEE - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Putnam Emerging Markets Ex-China ETF (PEMX) and Avantis Emerging Markets Small Cap Equity ETF (AVEE). 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.
Dividends
PEMX vs. AVEE - Dividend Comparison
PEMX's dividend yield for the trailing twelve months is around 4.98%, more than AVEE's 3.18% yield.
| TTM | 2024 | 2023 | |
|---|---|---|---|
PEMX Putnam Emerging Markets Ex-China ETF | 4.98% | 5.00% | 0.72% |
AVEE Avantis Emerging Markets Small Cap Equity ETF | 3.18% | 3.26% | 0.39% |
Drawdowns
PEMX vs. AVEE - Drawdown Comparison
The maximum PEMX drawdown since its inception was -11.81%, smaller than the maximum AVEE drawdown of -12.67%. Use the drawdown chart below to compare losses from any high point for PEMX and AVEE. For additional features, visit the drawdowns tool.
Volatility
PEMX vs. AVEE - Volatility Comparison
Putnam Emerging Markets Ex-China ETF (PEMX) has a higher volatility of 4.23% compared to Avantis Emerging Markets Small Cap Equity ETF (AVEE) at 3.40%. This indicates that PEMX's price experiences larger fluctuations and is considered to be riskier than AVEE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.