PEMX vs. DIEM

Last updated Apr 1, 2026

Compare and contrast key facts about Putnam Emerging Markets Ex-China ETF (PEMX) and Franklin Emerging Market Core Dividend Tilt Index ETF (DIEM).

PEMX and DIEM 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. DIEM is a passively managed fund by Franklin Templeton that tracks the performance of the Morningstar Emerging Markets Dividend Enhanced Select Index. It was launched on Jun 1, 2016.

Performance

PEMX vs. DIEM - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Putnam Emerging Markets Ex-China ETF (PEMX) and Franklin Emerging Market Core Dividend Tilt Index ETF (DIEM). The values are adjusted to include any dividend payments, if applicable.

PEMX vs. DIEM - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
PEMX Putnam Emerging Markets Ex-China ETF	9.03%	34.01%	17.21%	15.13%
DIEM Franklin Emerging Market Core Dividend Tilt Index ETF	5.34%	30.81%	12.29%	9.14%

Returns By Period

In the year-to-date period, PEMX achieves a 9.03% return, which is significantly higher than DIEM's 5.34% return.

PEMX

• 1D: 4.10%
• 1M: -9.83%
• YTD: 9.03%
• 6M: 19.84%
• 1Y: 50.08%
• 3Y*: —
• 5Y*: —
• 10Y*: —

DIEM

• 1D: 3.69%
• 1M: -8.22%
• YTD: 5.34%
• 6M: 11.28%
• 1Y: 34.56%
• 3Y*: 19.05%
• 5Y*: 7.59%
• 10Y*: —

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

PEMX vs. DIEM - Expense Ratio Comparison

PEMX has a 0.85% expense ratio, which is higher than DIEM's 0.19% expense ratio.

PEMX

Putnam Emerging Markets Ex-China ETF

DIEM

Franklin Emerging Market Core Dividend Tilt Index ETF

Return for Risk

PEMX vs. DIEM — Risk / Return Rank

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

PEMX

PEMX Risk / Return Rank: 94
PEMX Sharpe Ratio Rank: 95
PEMX Sortino Ratio Rank: 95
PEMX Omega Ratio Rank: 94
PEMX Calmar Ratio Rank: 92
PEMX Martin Ratio Rank: 94

DIEM

DIEM Risk / Return Rank: 89
DIEM Sharpe Ratio Rank: 88
DIEM Sortino Ratio Rank: 89
DIEM Omega Ratio Rank: 90
DIEM Calmar Ratio Rank: 88
DIEM Martin Ratio Rank: 89

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.

PEMX vs. DIEM - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Putnam Emerging Markets Ex-China ETF (PEMX) and Franklin Emerging Market Core Dividend Tilt Index ETF (DIEM). 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.

	PEMX	DIEM	Difference
Sharpe ratio Return per unit of total volatility	2.46	1.88	+0.57
Sortino ratio Return per unit of downside risk	3.17	2.51	+0.66
Omega ratio Gain probability vs. loss probability	1.45	1.38	+0.07
Calmar ratio Return relative to maximum drawdown	3.43	2.79	+0.63
Martin ratio Return relative to average drawdown	14.24	11.28	+2.96
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

PEMX vs. DIEM - Sharpe Ratio Comparison

The current PEMX Sharpe Ratio is 2.46, which is higher than the DIEM Sharpe Ratio of 1.88. The chart below compares the historical Sharpe Ratios of PEMX and DIEM, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	PEMX	DIEM	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.46	1.88	+0.57
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.47	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.57	0.42	+1.15

Correlation

The correlation between PEMX and DIEM is 0.82, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.

Dividends

PEMX vs. DIEM - Dividend Comparison

PEMX's dividend yield for the trailing twelve months is around 6.42%, more than DIEM's 2.90% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
PEMX Putnam Emerging Markets Ex-China ETF	6.42%	7.00%	5.00%	0.72%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
DIEM Franklin Emerging Market Core Dividend Tilt Index ETF	2.90%	2.99%	4.92%	4.45%	6.31%	4.06%	2.75%	5.98%	3.87%	2.61%	0.35%

Drawdowns

PEMX vs. DIEM - Drawdown Comparison

The maximum PEMX drawdown since its inception was -14.91%, smaller than the maximum DIEM drawdown of -38.61%. Use the drawdown chart below to compare losses from any high point for PEMX and DIEM.

Drawdown Indicators

	PEMX	DIEM	Difference
Max Drawdown Largest peak-to-trough decline	-14.91%	-38.61%	+23.70%
Max Drawdown (1Y) Largest decline over 1 year	-14.45%	-12.33%	-2.12%
Max Drawdown (5Y) Largest decline over 5 years	—	-33.34%	—
Current Drawdown Current decline from peak	-10.94%	-9.09%	-1.85%
Average Drawdown Average peak-to-trough decline	-2.88%	-9.86%	+6.98%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.48%	3.05%	+0.43%

Volatility

PEMX vs. DIEM - Volatility Comparison

Putnam Emerging Markets Ex-China ETF (PEMX) has a higher volatility of 11.24% compared to Franklin Emerging Market Core Dividend Tilt Index ETF (DIEM) at 9.47%. This indicates that PEMX's price experiences larger fluctuations and is considered to be riskier than DIEM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	PEMX	DIEM	Difference
Volatility (1M) Calculated over the trailing 1-month period	11.24%	9.47%	+1.77%
Volatility (6M) Calculated over the trailing 6-month period	15.87%	13.43%	+2.44%
Volatility (1Y) Calculated over the trailing 1-year period	20.48%	18.43%	+2.05%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.16%	16.38%	+0.78%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.16%	17.41%	-0.25%