PLDR vs. GARP

Last updated Jul 14, 2026

PLDR (Putnam Sustainable Leaders ETF) and GARP (iShares MSCI USA Quality GARP ETF) are both exchange-traded funds - PLDR is a Sustainable fund actively managed by Power Corporation of Canada, while GARP is a Large Cap Growth Equities fund tracking the MSCI USA Quality GARP Select Index. PLDR is actively managed, while GARP is passively managed. Their correlation of 0.92 suggests significant overlap in exposure. PLDR charges 0.59%/yr vs 0.15%/yr for GARP.

Performance

PLDR vs. GARP - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Putnam Sustainable Leaders ETF (PLDR) and iShares MSCI USA Quality GARP ETF (GARP). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

PLDR

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

GARP

• 1D: -1.09%
• 1M: 1.30%
• 6M: 15.03%
• YTD: 18.49%
• 1Y: 33.27%
• 3Y*: 29.83%
• 5Y*: 17.98%
• 10Y*: —

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

PLDR vs. GARP - 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%	11.54%
GARP iShares MSCI USA Quality GARP ETF	18.49%	21.49%	37.42%	42.86%	-26.75%	19.74%

Correlation

The correlation between PLDR and GARP is 0.82, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.82
Correlation (3Y) Calculated over the trailing 3-year period	0.88
Correlation (5Y) Calculated over the trailing 5-year period	0.92
Correlation (All Time) Calculated using the full available price history since May 26, 2021	0.92

The correlation between PLDR and GARP shifts across timeframes, from 0.82 (1 year) to 0.92 (5 years), reflecting how their relationship changes across market environments.

PLDR vs. GARP - Sectors Allocation Comparison

Sectors	PLDR	GARP
Technology	38.3%	54.7%
Communication Services	11.1%	11.4%
Consumer Cyclical	10.1%	8.8%
Financial Services	9.9%	7.7%
Industrials	8.4%	6.7%
Healthcare	7.5%	5.5%
Consumer Defensive	5.3%	-
Utilities	3.4%	1.2%
Energy	3.1%	2.8%
Basic Materials	2.3%	1.1%
Real Estate	0.6%	0.4%

Return for Risk

PLDR vs. GARP — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

PLDR

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

GARP

GARP Risk / Return Rank: 63
GARP Sharpe Ratio Rank: 66
GARP Sortino Ratio Rank: 62
GARP Omega Ratio Rank: 61
GARP Calmar Ratio Rank: 61
GARP Martin Ratio Rank: 65

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

PLDR vs. GARP - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Putnam Sustainable Leaders ETF (PLDR) and iShares MSCI USA Quality GARP ETF (GARP). 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.

	PLDR	GARP	Difference
Sharpe ratio: Return per unit of total volatility	—	1.71	—
Sortino ratio: Return per unit of downside risk	—	2.30	—
Omega ratio: Gain probability vs. loss probability	—	1.29	—
Calmar ratio: Return relative to maximum drawdown	—	2.44	—
Martin ratio: Return relative to average drawdown	—	9.29	—

Drawdowns

Drawdown Indicators

	PLDR	GARP	Difference
Max Drawdown Largest peak-to-trough decline	—	-31.34%	—
Max Drawdown (1Y) Largest decline over 1 year	—	-13.69%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-23.73%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-30.61%	—
Current Drawdown Current decline from peak	—	-3.03%	—
Average Drawdown Average peak-to-trough decline	—	-7.29%	—
Ulcer Index Depth and duration of drawdowns from previous peaks	—	3.59%	—

Volatility

Volatility by Period

	PLDR	GARP	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	7.32%	—
Volatility (6M) Calculated over the trailing 6-month period	—	15.86%	—
Volatility (1Y) Calculated over the trailing 1-year period	—	19.55%	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	—	22.29%	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	—	23.95%	—

PLDR vs. GARP - Expense Ratio Comparison

PLDR has a 0.59% expense ratio, which is higher than GARP's 0.15% expense ratio.

Dividends

PLDR vs. GARP - Dividend Comparison

PLDR has not paid dividends to shareholders, while GARP's dividend yield for the trailing twelve months is around 0.27%.

Position	TTM	2025	2024	2023	2022	2021	2020
GARP iShares MSCI USA Quality GARP ETF	0.27%	0.31%	0.38%	0.75%	1.85%	0.67%	0.75%
PLDR Putnam Sustainable Leaders ETF	0.37%	0.37%	0.38%	0.56%	0.63%	0.39%	0.00%

Frequently Asked Questions

Can I hold both PLDR and GARP in my portfolio?

PLDR and GARP have a correlation of 0.82, 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 GARP?

On fees, GARP is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, PLDR or GARP?

GARP is cheaper with a 0.15% expense ratio, compared with 0.59% for PLDR.

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

PLDR has the higher dividend yield at 0.37%, compared with 0.27% for GARP.

What is the main difference between PLDR and GARP?

PLDR is categorized as Sustainable, while GARP is Large Cap Growth Equities. They also come from different issuers: Power Corporation of Canada and iShares. Their fees differ too: 0.59% for PLDR and 0.15% for GARP.