PGRI vs. FLXR

Last updated Jul 30, 2026

PGRI (Putnam International Stock ETF) and FLXR (TCW Flexible Income ETF) are both exchange-traded funds - PGRI is a Actively Managed fund actively managed by Putnam, while FLXR is a Multisector Bonds fund actively managed by TCW. Both are actively managed. Their 0.51 correlation means they have sometimes moved together and sometimes differently. PGRI charges 0.55%/yr vs 0.40%/yr for FLXR.

Performance

PGRI vs. FLXR - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Putnam International Stock ETF (PGRI) and TCW Flexible Income ETF (FLXR). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, PGRI achieves a 3.87% return, which is significantly higher than FLXR's 1.33% return.

PGRI

• 1D: -0.77%
• 1M: -5.16%
• 6M: -1.22%
• YTD: 3.87%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: —

FLXR

• 1D: -0.05%
• 1M: -0.41%
• 6M: 0.97%
• YTD: 1.33%
• 1Y: 4.41%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 6.75%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
FLXR TCW Flexible Income ETF	$13.36M	$16.28M	$17.08M
PGRI Putnam International Stock ETF	$3.10K	$3.31K	$14.19K

PGRI vs. FLXR - Yearly Performance Comparison

	2026 (YTD)	2025
PGRI Putnam International Stock ETF	3.87%	-1.11%
FLXR TCW Flexible Income ETF	1.33%	0.91%

Correlation

The correlation between PGRI and FLXR is 0.51, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.

	Correlation
Correlation (All Time) Calculated using the full available price history since Oct 23, 2025	0.51

Return for Risk

PGRI vs. FLXR — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

PGRI

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

FLXR

FLXR Risk / Return Rank: 83
FLXR Sharpe Ratio Rank: 82
FLXR Sortino Ratio Rank: 84
FLXR Omega Ratio Rank: 82
FLXR Calmar Ratio Rank: 82
FLXR Martin Ratio Rank: 86

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

PGRI vs. FLXR - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Putnam International Stock ETF (PGRI) and TCW Flexible Income ETF (FLXR). 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.

	PGRI	FLXR	Difference
Sharpe ratio: Return per unit of total volatility	—	1.90	—
Sortino ratio: Return per unit of downside risk	—	2.76	—
Omega ratio: Gain probability vs. loss probability	—	1.35	—
Calmar ratio: Return relative to maximum drawdown	—	3.03	—
Martin ratio: Return relative to average drawdown	—	12.42	—

Drawdowns

PGRI vs. FLXR - Drawdown Comparison

The maximum PGRI drawdown since its inception was -12.87%, which is greater than FLXR's maximum drawdown of -1.94%. Use the drawdown chart below to compare losses from any high point for PGRI and FLXR.

Drawdown Indicators

	PGRI	FLXR	Difference
Max Drawdown Largest peak-to-trough decline	-12.87%	-1.94%	-10.93%
Max Drawdown (1Y) Largest decline over 1 year	—	-1.46%	—
Current Drawdown Current decline from peak	-7.79%	-0.43%	-7.36%
Average Drawdown Average peak-to-trough decline	-3.26%	-0.35%	-2.91%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	0.36%	—

Volatility

Volatility by Period

	PGRI	FLXR	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	0.66%	—
Volatility (6M) Calculated over the trailing 6-month period	—	1.84%	—
Volatility (1Y) Calculated over the trailing 1-year period	20.48%	2.35%	+18.13%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	20.48%	2.79%	+17.69%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	20.48%	2.79%	+17.69%

PGRI vs. FLXR - Expense Ratio Comparison

PGRI has a 0.55% expense ratio, which is higher than FLXR's 0.40% expense ratio.

Dividends

PGRI vs. FLXR - Dividend Comparison

PGRI's dividend yield for the trailing twelve months is around 0.12%, less than FLXR's 5.91% yield.

Position	TTM	2025	2024
FLXR TCW Flexible Income ETF	5.91%	5.66%	3.44%
PGRI Putnam International Stock ETF	0.12%	0.12%	0.00%

Frequently Asked Questions

Can I hold both PGRI and FLXR in my portfolio?

PGRI and FLXR have a correlation of 0.51, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, PGRI or FLXR?

On fees, FLXR is cheaper at 0.40% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, PGRI or FLXR?

FLXR is cheaper with a 0.40% expense ratio, compared with 0.55% for PGRI.

Which ETF pays a higher dividend yield, PGRI or FLXR?

FLXR has the higher dividend yield at 5.91%, compared with 0.12% for PGRI.

What is the main difference between PGRI and FLXR?

PGRI is categorized as Actively Managed, while FLXR is Multisector Bonds. They also come from different issuers: Putnam and TCW. Their fees differ too: 0.55% for PGRI and 0.40% for FLXR.