PLDR vs. GBLD

Last updated Jun 4, 2026

PLDR (Putnam Sustainable Leaders ETF) and GBLD (Invesco MSCI Green Building ETF) are both Sustainable funds. PLDR is actively managed, while GBLD is passively managed. A 0.57 correlation means they provide meaningful diversification when combined. PLDR charges 0.59%/yr vs 0.39%/yr for GBLD.

Performance

PLDR vs. GBLD - Performance Comparison

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

Returns By Period

PLDR

• 1D: -0.20%
• 1M: 4.50%
• YTD: 4.85%
• 6M: 4.09%
• 1Y: 20.39%
• 3Y*: 18.32%
• 5Y*: 9.82%
• 10Y*: —

GBLD

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

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

PLDR vs. GBLD - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
PLDR Putnam Sustainable Leaders ETF	4.85%	12.03%	23.47%	27.47%	-22.52%	11.57%
GBLD Invesco MSCI Green Building ETF	4.52%	17.95%	-5.63%	6.39%	-21.69%	-5.35%

Correlation

The correlation between PLDR and GBLD is 0.34, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.34
Correlation (3Y) Calculated over the trailing 3-year period	0.47
Correlation (5Y) Calculated over the trailing 5-year period	0.57
Correlation (All Time) Calculated using the full available price history since May 27, 2021	0.57

Over the past year, the correlation between PLDR and GBLD has dropped to 0.34 - well below their long-term average of 0.57, suggesting their price drivers have been diverging.

Return for Risk

PLDR vs. GBLD — Risk / Return Rank

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

PLDR

PLDR Risk / Return Rank: 43
PLDR Sharpe Ratio Rank: 48
PLDR Sortino Ratio Rank: 47
PLDR Omega Ratio Rank: 47
PLDR Calmar Ratio Rank: 33
PLDR Martin Ratio Rank: 38

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. GBLD - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Putnam Sustainable Leaders ETF (PLDR) and Invesco MSCI Green Building ETF (GBLD). 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.

	PLDR	GBLD	Difference
Sharpe ratio: Return per unit of total volatility	1.66	—	—
Sortino ratio: Return per unit of downside risk	2.33	—	—
Omega ratio: Gain probability vs. loss probability	1.30	—	—
Calmar ratio: Return relative to maximum drawdown	1.60	—	—
Martin ratio: Return relative to average drawdown	6.04	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	PLDR	GBLD	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.66	—	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.58	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.58	—	—

Drawdowns

Drawdown Indicators

	PLDR	GBLD	Difference
Max Drawdown Largest peak-to-trough decline	-29.58%	—	—
Max Drawdown (1Y) Largest decline over 1 year	-12.81%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-23.00%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-29.58%	—	—
Current Drawdown Current decline from peak	-0.20%	—	—
Average Drawdown Average peak-to-trough decline	-8.59%	—	—
Ulcer Index Depth and duration of drawdowns from previous peaks	3.38%	—	—

Volatility

Volatility by Period

	PLDR	GBLD	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.19%	—	—
Volatility (6M) Calculated over the trailing 6-month period	9.56%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	12.38%	—	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.07%	—	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.04%	—	—

PLDR vs. GBLD - Expense Ratio Comparison

PLDR has a 0.59% expense ratio, which is higher than GBLD's 0.39% expense ratio.

Dividends

PLDR vs. GBLD - Dividend Comparison

PLDR's dividend yield for the trailing twelve months is around 0.36%, less than GBLD's 3.45% yield.

Position	TTM	2025	2024	2023	2022	2021
GBLD Invesco MSCI Green Building ETF	3.45%	3.27%	5.34%	6.60%	3.79%	3.16%
PLDR Putnam Sustainable Leaders ETF	0.36%	0.37%	0.38%	0.56%	0.63%	0.39%

Frequently Asked Questions

Can I hold both PLDR and GBLD in my portfolio?

PLDR and GBLD have a correlation of 0.34, 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 GBLD?

On fees, GBLD is cheaper at 0.39% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, PLDR or GBLD?

GBLD is cheaper with a 0.39% expense ratio, compared with 0.59% for PLDR.

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

GBLD has the higher dividend yield at 3.45%, compared with 0.36% for PLDR.

What is the main difference between PLDR and GBLD?

They also come from different issuers: Power Corporation of Canada and Invesco. Their fees differ too: 0.59% for PLDR and 0.39% for GBLD.