PGRI vs. PCRB

Last updated Jul 10, 2026

PGRI (Putnam International Stock ETF) and PCRB (Putnam ESG Core Bond ETF -) are both exchange-traded funds - PGRI is a Actively Managed fund actively managed by Putnam, while PCRB is a Intermediate Core Bond fund actively managed by Putnam. Both are actively managed. At a 0.39 correlation, their price movements are largely independent. PGRI charges 0.55%/yr vs 0.35%/yr for PCRB.

Performance

PGRI vs. PCRB - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Putnam International Stock ETF (PGRI) and Putnam ESG Core Bond ETF - (PCRB). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

PGRI

• 1D: 0.26%
• 1M: 0.82%
• 6M: 6.03%
• YTD: 8.61%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

PCRB

• 1D: —
• 1M: —
• 6M: —
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

PGRI vs. PCRB - Yearly Performance Comparison

	2026 (YTD)	2025
PGRI Putnam International Stock ETF	8.61%	-1.11%
PCRB Putnam ESG Core Bond ETF -	-0.48%	-0.37%

Correlation

The correlation between PGRI and PCRB is 0.39, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (All Time) Calculated using the full available price history since Oct 23, 2025	0.39

Return for Risk

PGRI vs. PCRB - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Putnam International Stock ETF (PGRI) and Putnam ESG Core Bond ETF - (PCRB). 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.

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

Drawdowns

Drawdown Indicators

	PGRI	PCRB	Difference
Max Drawdown Largest peak-to-trough decline	-12.87%	—	—
Current Drawdown Current decline from peak	-3.58%	—	—
Average Drawdown Average peak-to-trough decline	-3.04%	—	—

Volatility

Volatility by Period

	PGRI	PCRB	Difference
Volatility (1Y) Calculated over the trailing 1-year period	20.77%	—	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	20.77%	—	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	20.77%	—	—

PGRI vs. PCRB - Expense Ratio Comparison

PGRI has a 0.55% expense ratio, which is higher than PCRB's 0.35% expense ratio.

Dividends

PGRI vs. PCRB - Dividend Comparison

PGRI's dividend yield for the trailing twelve months is around 0.11%, while PCRB has not paid dividends to shareholders.

Position	TTM	2025	2024	2023
PCRB Putnam ESG Core Bond ETF -	9.42%	4.30%	4.38%	3.65%
PGRI Putnam International Stock ETF	0.11%	0.12%	0.00%	0.00%

Frequently Asked Questions

Can I hold both PGRI and PCRB in my portfolio?

PGRI and PCRB have a correlation of 0.39, 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 PCRB?

On fees, PCRB is cheaper at 0.35% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, PGRI or PCRB?

PCRB is cheaper with a 0.35% expense ratio, compared with 0.55% for PGRI.

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

PCRB has the higher dividend yield at 9.42%, compared with 0.11% for PGRI.

What is the main difference between PGRI and PCRB?

PGRI is categorized as Actively Managed, while PCRB is Intermediate Core Bond. Their fees differ too: 0.55% for PGRI and 0.35% for PCRB.