PHYD vs. PPEM
PHYD (Putnam ESG High Yield ETF -) and PPEM (Putnam Panagora ESG Emerging Markets Equity ETF -) are both exchange-traded funds - PHYD is a High Yield Bonds fund actively managed by Putnam, while PPEM is a Emerging Markets Equities fund tracking the MSCI Emerging Markets Index. PHYD is actively managed, while PPEM is passively managed. Their 0.45 correlation means their historical movements had little consistent relationship. PHYD charges 0.55%/yr vs 0.61%/yr for PPEM.
Performance
PHYD vs. PPEM - Performance Comparison
Loading charts...
Returns By Period
PHYD
- 1D
- —
- 1M
- —
- 6M
- —
- YTD
- —
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- —
PPEM
- 1D
- —
- 1M
- —
- 6M
- —
- YTD
- —
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- —
PHYD vs. PPEM - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
PHYD Putnam ESG High Yield ETF - | 2.32% | 8.84% | 7.35% | 8.30% |
PPEM Putnam Panagora ESG Emerging Markets Equity ETF - | 31.88% | 35.39% | 7.50% | 0.19% |
Correlation
The correlation between PHYD and PPEM is 0.50, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.50 |
Correlation (3Y) Balances recent behavior with more history. | 0.45 |
Correlation (All Time) Calculated using the full available price history since Jan 20, 2023 | 0.45 |
The correlation between PHYD and PPEM has been stable across timeframes, ranging from 0.45 to 0.50 - a consistent structural relationship.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
PHYD vs. PPEM - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Putnam ESG High Yield ETF - (PHYD) and Putnam Panagora ESG Emerging Markets Equity ETF - (PPEM). 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.
Loading charts...
Drawdowns
PHYD vs. PPEM - Drawdown Comparison
Loading charts...
Volatility
PHYD vs. PPEM - Volatility Comparison
Loading charts...
PHYD vs. PPEM - Expense Ratio Comparison
PHYD has a 0.55% expense ratio, which is lower than PPEM's 0.61% expense ratio.
Dividends
PHYD vs. PPEM - Dividend Comparison
Neither PHYD nor PPEM has paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
PHYD Putnam ESG High Yield ETF - | 8.00% | 6.63% | 6.80% | 6.15% |
PPEM Putnam Panagora ESG Emerging Markets Equity ETF - | 49.06% | 6.05% | 3.27% | 1.94% |
Frequently Asked Questions
PHYD and PPEM have a correlation of 0.50, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, PHYD is cheaper at 0.55% per year. The better choice depends on whether you care most about return, fees, risk, or income.
PHYD is cheaper with a 0.55% expense ratio, compared with 0.61% for PPEM.
PPEM has the higher dividend yield at 49.06%, compared with 8.00% for PHYD.
PHYD is categorized as High Yield Bonds, while PPEM is Emerging Markets Equities. Their fees differ too: 0.55% for PHYD and 0.61% for PPEM.
Find the right allocation for PHYD and PPEM
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer