PLDR vs. FSST

Last updated Jul 17, 2026

PLDR (Putnam Sustainable Leaders ETF) and FSST (Fidelity Sustainability U.S. Equity ETF) are both Sustainable funds. PLDR is actively managed, while FSST is passively managed. Their correlation of 0.89 suggests significant overlap in exposure. Both charge a 0.59% expense ratio.

Performance

PLDR vs. FSST - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Putnam Sustainable Leaders ETF (PLDR) and Fidelity Sustainability U.S. Equity ETF (FSST). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

PLDR

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

FSST

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

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

PLDR vs. FSST - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
PLDR Putnam Sustainable Leaders ETF	1.69%	12.03%	23.47%	27.47%	-22.52%	10.65%
FSST Fidelity Sustainability U.S. Equity ETF	0.00%	15.40%	21.40%	25.49%	-18.30%	12.52%

Correlation

The correlation between PLDR and FSST is 0.52, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.52
Correlation (3Y) Calculated over the trailing 3-year period	0.81
Correlation (All Time) Calculated using the full available price history since Jun 17, 2021	0.89

Over the past year, the correlation between PLDR and FSST has dropped to 0.52 - well below their long-term average of 0.89, suggesting their price drivers have been diverging.

PLDR vs. FSST - Sectors Allocation Comparison

Sectors	PLDR	FSST
Technology	38.3%	29.6%
Communication Services	11.1%	11.7%
Consumer Cyclical	10.1%	11.5%
Financial Services	9.9%	12.1%
Industrials	8.4%	13.0%
Healthcare	7.5%	10.2%
Consumer Defensive	5.3%	4.6%
Utilities	3.4%	0.9%
Energy	3.1%	1.9%
Basic Materials	2.3%	3.4%
Real Estate	0.6%	1.3%

Return for Risk

PLDR vs. FSST - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Putnam Sustainable Leaders ETF (PLDR) and Fidelity Sustainability U.S. Equity ETF (FSST). 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

Volatility

PLDR vs. FSST - Expense Ratio Comparison

Both PLDR and FSST have an expense ratio of 0.59%.

Dividends

PLDR vs. FSST - Dividend Comparison

Neither PLDR nor FSST has paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021
FSST Fidelity Sustainability U.S. Equity ETF	0.10%	0.19%	2.01%	0.68%	1.00%	0.34%
PLDR Putnam Sustainable Leaders ETF	0.37%	0.37%	0.38%	0.56%	0.63%	0.39%

Frequently Asked Questions

Can I hold both PLDR and FSST in my portfolio?

PLDR and FSST have a correlation of 0.52, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, PLDR or FSST?

Both ETFs have the same 0.59% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, PLDR or FSST?

PLDR and FSST have the same expense ratio: 0.59% per year.

Which ETF pays a higher dividend yield, PLDR or FSST?

PLDR has the higher dividend yield at 0.37%, compared with 0.10% for FSST.

What is the main difference between PLDR and FSST?

They also come from different issuers: Power Corporation of Canada and Fidelity.