PEMX vs. PGRI
PEMX (Putnam Emerging Markets Ex-China ETF) and PGRI (Putnam International Stock ETF) are both exchange-traded funds - PEMX is a Emerging Markets Equities fund actively managed by Putnam, while PGRI is a Actively Managed fund actively managed by Putnam. Both are actively managed. Their correlation of 0.80 means they have usually moved in the same direction. PEMX charges 0.85%/yr vs 0.55%/yr for PGRI.
Performance
PEMX vs. PGRI - Performance Comparison
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Returns By Period
In the year-to-date period, PEMX achieves a 26.42% return, which is significantly higher than PGRI's 6.72% return.
PEMX
- 1D
- 1.09%
- 1M
- -7.11%
- 6M
- 15.00%
- YTD
- 26.42%
- 1Y
- 48.11%
- 3Y*
- 28.43%
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 29.45%
PGRI
- 1D
- -0.41%
- 1M
- -2.38%
- 6M
- 1.75%
- YTD
- 6.72%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- —
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $78.06K | $81.41K | $258.35K | |
| $3.11K | $2.77K | $13.96K |
PEMX vs. PGRI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
PEMX Putnam Emerging Markets Ex-China ETF | 26.42% | 5.52% |
PGRI Putnam International Stock ETF | 6.72% | -1.11% |
Correlation
The correlation between PEMX and PGRI is 0.80, meaning they have usually moved in the same direction, including during past declines.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Oct 23, 2025 | 0.80 |
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Return for Risk
PEMX vs. PGRI — Risk / Return Rank
PEMX
PGRI
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
PEMX vs. PGRI - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Putnam Emerging Markets Ex-China ETF (PEMX) 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.
| PEMX | PGRI | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.31 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 2.50 | — | — |
| Martin ratioReturn relative to average drawdown | 9.02 | — | — |
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Drawdowns
PEMX vs. PGRI - Drawdown Comparison
The maximum PEMX drawdown since its inception was -19.04%, which is greater than PGRI's maximum drawdown of -12.87%. Use the drawdown chart below to compare losses from any high point for PEMX and PGRI.
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Drawdown Indicators
| PEMX | PGRI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -19.04% | -12.87% | -6.17% |
Max Drawdown (1Y)Largest decline over 1 year | -19.04% | — | — |
Max Drawdown (3Y)Largest decline over 3 years | -19.04% | — | — |
Current DrawdownCurrent decline from peak | -14.50% | -5.26% | -9.24% |
Average DrawdownAverage peak-to-trough decline | -3.11% | -3.28% | +0.17% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.27% | — | — |
Volatility
PEMX vs. PGRI - Volatility Comparison
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Volatility by Period
| PEMX | PGRI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.79% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 25.23% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 27.22% | 20.69% | +6.53% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.23% | 20.69% | -0.46% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.23% | 20.69% | -0.46% |
PEMX vs. PGRI - Expense Ratio Comparison
PEMX has a 0.85% expense ratio, which is higher than PGRI's 0.55% expense ratio.
Dividends
PEMX vs. PGRI - Dividend Comparison
PEMX's dividend yield for the trailing twelve months is around 5.54%, more than PGRI's 0.11% yield.
| Position | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
PEMX Putnam Emerging Markets Ex-China ETF | 5.54% | 7.00% | 5.00% | 0.72% |
PGRI Putnam International Stock ETF | 0.11% | 0.12% | 0.00% | 0.00% |
Frequently Asked Questions
PEMX and PGRI have a correlation of 0.80, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, PGRI is cheaper at 0.55% per year. The better choice depends on whether you care most about return, fees, risk, or income.
PGRI is cheaper with a 0.55% expense ratio, compared with 0.85% for PEMX.
PEMX has the higher dividend yield at 5.54%, compared with 0.11% for PGRI.
PEMX is categorized as Emerging Markets Equities, while PGRI is Actively Managed. Their fees differ too: 0.85% for PEMX and 0.55% for PGRI.
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