PLDR vs. PPIE

Last updated Aug 6, 2026

PLDR (Putnam Sustainable Leaders ETF) and PPIE (Putnam Panagora ESG International Equity ETF -) are both exchange-traded funds - PLDR is a Sustainable fund actively managed by Putnam, while PPIE is a Foreign Large Cap Equities fund actively managed by Putnam. Both are actively managed. Their 0.68 correlation means they have sometimes moved together and sometimes differently. PLDR charges 0.59%/yr vs 0.49%/yr for PPIE.

Performance

PLDR vs. PPIE - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Putnam Sustainable Leaders ETF (PLDR) and Putnam Panagora ESG International Equity ETF - (PPIE). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

PLDR

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

PPIE

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

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

PLDR vs. PPIE - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
PLDR Putnam Sustainable Leaders ETF	1.69%	12.03%	23.47%	25.36%
PPIE Putnam Panagora ESG International Equity ETF -	8.31%	32.77%	7.67%	9.74%

Correlation

The correlation between PLDR and PPIE is 0.71, 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.	0.71
Correlation (3Y) Balances recent behavior with more history.	0.68
Correlation (All Time) Calculated using the full available price history since Jan 20, 2023	0.68

The correlation between PLDR and PPIE has been stable across timeframes, ranging from 0.68 to 0.71 - a consistent structural relationship.

PLDR vs. PPIE - Sectors Allocation Comparison

Sectors	PLDR	PPIE
Technology	38.3%	14.2%
Communication Services	11.1%	3.3%
Consumer Cyclical	10.1%	5.9%
Financial Services	9.9%	24.0%
Industrials	8.4%	21.7%
Healthcare	7.5%	11.9%
Consumer Defensive	5.3%	6.4%
Utilities	3.4%	3.2%
Energy	3.1%	3.3%
Basic Materials	2.3%	5.3%
Real Estate	0.6%	0.9%

Return for Risk

PLDR vs. PPIE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Putnam Sustainable Leaders ETF (PLDR) and Putnam Panagora ESG International Equity ETF - (PPIE). 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. PPIE - Expense Ratio Comparison

PLDR has a 0.59% expense ratio, which is higher than PPIE's 0.49% expense ratio.

Dividends

PLDR vs. PPIE - Dividend Comparison

Neither PLDR nor PPIE has paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021
PLDR Putnam Sustainable Leaders ETF	0.37%	0.37%	0.38%	0.56%	0.63%	0.39%
PPIE Putnam Panagora ESG International Equity ETF -	12.06%	8.40%	5.12%	3.30%	0.00%	0.00%

Frequently Asked Questions

Can I hold both PLDR and PPIE in my portfolio?

PLDR and PPIE have a correlation of 0.71, 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 PPIE?

On fees, PPIE is cheaper at 0.49% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, PLDR or PPIE?

PPIE is cheaper with a 0.49% expense ratio, compared with 0.59% for PLDR.

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

PPIE has the higher dividend yield at 12.06%, compared with 0.37% for PLDR.

What is the main difference between PLDR and PPIE?

PLDR is categorized as Sustainable, while PPIE is Foreign Large Cap Equities. Their fees differ too: 0.59% for PLDR and 0.49% for PPIE.