PEMX vs. UEVM
Compare and contrast key facts about Putnam Emerging Markets Ex-China ETF (PEMX) and VictoryShares Emerging Markets Value Momentum ETF (UEVM).
PEMX and UEVM 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. UEVM is a passively managed fund by Victory Capital that tracks the performance of the Nasdaq Victory Emerging Market Value Momentum Index. It was launched on Oct 24, 2017.
Performance
PEMX vs. UEVM - Performance Comparison
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PEMX vs. UEVM - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
PEMX Putnam Emerging Markets Ex-China ETF | 9.03% | 34.01% | 17.21% | 15.13% |
UEVM VictoryShares Emerging Markets Value Momentum ETF | 3.20% | 22.74% | 11.92% | 11.55% |
Returns By Period
In the year-to-date period, PEMX achieves a 9.03% return, which is significantly higher than UEVM's 3.20% return.
PEMX
- 1D
- 4.10%
- 1M
- -9.83%
- YTD
- 9.03%
- 6M
- 19.84%
- 1Y
- 50.08%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
UEVM
- 1D
- 2.22%
- 1M
- -5.98%
- YTD
- 3.20%
- 6M
- 4.71%
- 1Y
- 25.75%
- 3Y*
- 17.11%
- 5Y*
- 8.04%
- 10Y*
- —
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PEMX vs. UEVM - Expense Ratio Comparison
PEMX has a 0.85% expense ratio, which is higher than UEVM's 0.45% expense ratio.
Return for Risk
PEMX vs. UEVM — Risk / Return Rank
PEMX
UEVM
PEMX vs. UEVM - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Putnam Emerging Markets Ex-China ETF (PEMX) and VictoryShares Emerging Markets Value Momentum ETF (UEVM). 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 | UEVM | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 2.46 | 1.47 | +0.99 |
Sortino ratioReturn per unit of downside risk | 3.17 | 2.00 | +1.17 |
Omega ratioGain probability vs. loss probability | 1.45 | 1.29 | +0.16 |
Calmar ratioReturn relative to maximum drawdown | 3.43 | 2.06 | +1.37 |
Martin ratioReturn relative to average drawdown | 14.24 | 8.65 | +5.59 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| PEMX | UEVM | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.46 | 1.47 | +0.99 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.51 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.57 | 0.30 | +1.27 |
Correlation
The correlation between PEMX and UEVM is 0.70, 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. UEVM - Dividend Comparison
PEMX's dividend yield for the trailing twelve months is around 6.42%, more than UEVM's 3.74% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
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% |
UEVM VictoryShares Emerging Markets Value Momentum ETF | 3.74% | 4.02% | 5.65% | 4.71% | 3.46% | 4.49% | 2.19% | 2.79% | 2.34% | 0.79% |
Drawdowns
PEMX vs. UEVM - Drawdown Comparison
The maximum PEMX drawdown since its inception was -14.91%, smaller than the maximum UEVM drawdown of -45.44%. Use the drawdown chart below to compare losses from any high point for PEMX and UEVM.
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Drawdown Indicators
| PEMX | UEVM | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -14.91% | -45.44% | +30.53% |
Max Drawdown (1Y)Largest decline over 1 year | -14.45% | -12.47% | -1.98% |
Max Drawdown (5Y)Largest decline over 5 years | — | -26.98% | — |
Current DrawdownCurrent decline from peak | -10.94% | -7.37% | -3.57% |
Average DrawdownAverage peak-to-trough decline | -2.88% | -11.86% | +8.98% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.48% | 2.97% | +0.51% |
Volatility
PEMX vs. UEVM - Volatility Comparison
Putnam Emerging Markets Ex-China ETF (PEMX) has a higher volatility of 11.24% compared to VictoryShares Emerging Markets Value Momentum ETF (UEVM) at 7.82%. This indicates that PEMX's price experiences larger fluctuations and is considered to be riskier than UEVM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PEMX | UEVM | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 11.24% | 7.82% | +3.42% |
Volatility (6M)Calculated over the trailing 6-month period | 15.87% | 11.81% | +4.06% |
Volatility (1Y)Calculated over the trailing 1-year period | 20.48% | 17.59% | +2.89% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.16% | 15.85% | +1.31% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.16% | 18.42% | -1.26% |