Correlation
The correlation between PPEM and AVES is 0.57, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
PPEM vs. AVES
Compare and contrast key facts about Putnam Panagora ESG Emerging Markets Equity ETF - (PPEM) and Avantis Emerging Markets Value ETF (AVES).
PPEM and AVES are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. PPEM is a passively managed fund by Putnam that tracks the performance of the MSCI Emerging Markets Index. It was launched on Jan 19, 2023. AVES is an actively managed fund by American Century Investments. It was launched on Sep 28, 2021.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: PPEM or AVES.
Performance
PPEM vs. AVES - Performance Comparison
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Key characteristics
PPEM:
0.73
AVES:
0.39
PPEM:
0.84
AVES:
0.57
PPEM:
1.11
AVES:
1.07
PPEM:
0.56
AVES:
0.31
PPEM:
1.60
AVES:
0.85
PPEM:
6.01%
AVES:
6.78%
PPEM:
18.79%
AVES:
18.09%
PPEM:
-17.05%
AVES:
-27.40%
PPEM:
-1.12%
AVES:
-1.45%
Returns By Period
The year-to-date returns for both stocks are quite close, with PPEM having a 10.20% return and AVES slightly lower at 9.98%.
PPEM
10.20%
5.04%
8.14%
14.30%
N/A
N/A
N/A
AVES
9.98%
6.90%
6.62%
7.65%
6.89%
N/A
N/A
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PPEM vs. AVES - Expense Ratio Comparison
PPEM has a 0.61% expense ratio, which is higher than AVES's 0.36% expense ratio.
Risk-Adjusted Performance
PPEM vs. AVES — Risk-Adjusted Performance Rank
PPEM
AVES
PPEM vs. AVES - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Putnam Panagora ESG Emerging Markets Equity ETF - (PPEM) and Avantis Emerging Markets Value ETF (AVES). 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.
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Dividends
PPEM vs. AVES - Dividend Comparison
PPEM's dividend yield for the trailing twelve months is around 2.97%, less than AVES's 3.72% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|
PPEM Putnam Panagora ESG Emerging Markets Equity ETF - | 2.97% | 3.28% | 1.94% | 0.00% | 0.00% |
AVES Avantis Emerging Markets Value ETF | 3.72% | 4.09% | 3.96% | 3.70% | 0.62% |
Drawdowns
PPEM vs. AVES - Drawdown Comparison
The maximum PPEM drawdown since its inception was -17.05%, smaller than the maximum AVES drawdown of -27.40%. Use the drawdown chart below to compare losses from any high point for PPEM and AVES.
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Volatility
PPEM vs. AVES - Volatility Comparison
The current volatility for Putnam Panagora ESG Emerging Markets Equity ETF - (PPEM) is 4.07%, while Avantis Emerging Markets Value ETF (AVES) has a volatility of 4.39%. This indicates that PPEM experiences smaller price fluctuations and is considered to be less risky than AVES based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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