PPEM vs. BAMU

Last updated Jun 23, 2026

PPEM (Putnam Panagora ESG Emerging Markets Equity ETF -) and BAMU (Brookstone Ultra-Short Bond ETF) are both exchange-traded funds - PPEM is a Emerging Markets Diversified fund tracking the MSCI Emerging Markets Index, while BAMU is a Ultrashort Bond fund actively managed by Brookstone. PPEM is passively managed, while BAMU is actively managed. Over the past year, PPEM returned 55.67% vs 2.91% for BAMU. At a correlation of -0.07, they often move in opposite directions. PPEM charges 0.61%/yr vs 1.09%/yr for BAMU.

Performance

PPEM vs. BAMU - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Putnam Panagora ESG Emerging Markets Equity ETF - (PPEM) and Brookstone Ultra-Short Bond ETF (BAMU). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, PPEM achieves a 31.88% return, which is significantly higher than BAMU's 1.18% return.

PPEM

• 1D: 0.56%
• 1M: 4.33%
• YTD: 31.88%
• 6M: 34.07%
• 1Y: 55.67%
• 3Y*: 24.99%
• 5Y*: —
• 10Y*: —

BAMU

• 1D: 0.02%
• 1M: 0.16%
• YTD: 1.18%
• 6M: 1.23%
• 1Y: 2.91%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

PPEM vs. BAMU - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
PPEM Putnam Panagora ESG Emerging Markets Equity ETF -	31.88%	35.39%	7.50%	8.78%
BAMU Brookstone Ultra-Short Bond ETF	1.18%	3.21%	4.14%	1.20%

Correlation

The correlation between PPEM and BAMU is -0.13, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	-0.13
Correlation (All Time) Calculated using the full available price history since Sep 27, 2023	-0.07

Return for Risk

PPEM vs. BAMU — Risk / Return Rank

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

PPEM

PPEM Risk / Return Rank: 81
PPEM Sharpe Ratio Rank: 84
PPEM Sortino Ratio Rank: 82
PPEM Omega Ratio Rank: 85
PPEM Calmar Ratio Rank: 74
PPEM Martin Ratio Rank: 78

BAMU

BAMU Risk / Return Rank: 98
BAMU Sharpe Ratio Rank: 98
BAMU Sortino Ratio Rank: 98
BAMU Omega Ratio Rank: 98
BAMU Calmar Ratio Rank: 99
BAMU Martin Ratio Rank: 99

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.

PPEM vs. BAMU - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Putnam Panagora ESG Emerging Markets Equity ETF - (PPEM) and Brookstone Ultra-Short Bond ETF (BAMU). 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.

	PPEM	BAMU	Difference
Sharpe ratio: Return per unit of total volatility	2.62	5.01	-2.39
Sortino ratio: Return per unit of downside risk	3.48	8.84	-5.35
Omega ratio: Gain probability vs. loss probability	1.49	2.43	-0.93
Calmar ratio: Return relative to maximum drawdown	3.64	24.72	-21.08
Martin ratio: Return relative to average drawdown	14.57	97.90	-83.32

PPEM vs. BAMU - Sharpe Ratio Comparison

The current PPEM Sharpe Ratio is 2.62, which is lower than the BAMU Sharpe Ratio of 5.01. The chart below compares the historical Sharpe Ratios of PPEM and BAMU, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

PPEM vs. BAMU - Drawdown Comparison

The maximum PPEM drawdown since its inception was -18.44%, which is greater than BAMU's maximum drawdown of -0.36%. Use the drawdown chart below to compare losses from any high point for PPEM and BAMU.

Drawdown Indicators

	PPEM	BAMU	Difference
Max Drawdown Largest peak-to-trough decline	-18.44%	-0.36%	-18.08%
Max Drawdown (1Y) Largest decline over 1 year	-15.28%	-0.12%	-15.16%
Max Drawdown (3Y) Largest decline over 3 years	-18.44%	—	—
Current Drawdown Current decline from peak	-1.80%	0.00%	-1.80%
Average Drawdown Average peak-to-trough decline	-4.19%	-0.02%	-4.17%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.81%	0.03%	+3.78%

Volatility

PPEM vs. BAMU - Volatility Comparison

Putnam Panagora ESG Emerging Markets Equity ETF - (PPEM) has a higher volatility of 7.94% compared to Brookstone Ultra-Short Bond ETF (BAMU) at 0.09%. This indicates that PPEM's price experiences larger fluctuations and is considered to be riskier than BAMU based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	PPEM	BAMU	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.94%	0.09%	+7.85%
Volatility (6M) Calculated over the trailing 6-month period	18.76%	0.40%	+18.36%
Volatility (1Y) Calculated over the trailing 1-year period	21.24%	0.58%	+20.66%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.26%	0.87%	+17.39%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.26%	0.87%	+17.39%

PPEM vs. BAMU - Expense Ratio Comparison

PPEM has a 0.61% expense ratio, which is lower than BAMU's 1.09% expense ratio.

Dividends

PPEM vs. BAMU - Dividend Comparison

PPEM's dividend yield for the trailing twelve months is around 49.06%, more than BAMU's 3.05% yield.

Position	TTM	2025	2024	2023
BAMU Brookstone Ultra-Short Bond ETF	3.05%	3.20%	3.97%	0.84%
PPEM Putnam Panagora ESG Emerging Markets Equity ETF -	49.06%	6.05%	3.27%	1.94%

Frequently Asked Questions

Can I hold both PPEM and BAMU in my portfolio?

PPEM and BAMU have a correlation of -0.13, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, PPEM or BAMU?

PPEM has higher volatility (7.94%) compared to BAMU (0.09%). In terms of maximum drawdown, PPEM dropped -18.44% vs BAMU's -0.36%.

Which ETF is better, PPEM or BAMU?

On 1-year performance, PPEM leads with 55.67% vs 2.91% for BAMU. On fees, PPEM is cheaper at 0.61% per year. On volatility, BAMU has been the lower-risk option at 0.09%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, PPEM or BAMU?

Over the 1-year period, PPEM has performed better with a 55.67% return vs 2.91%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, PPEM or BAMU?

PPEM is cheaper with a 0.61% expense ratio, compared with 1.09% for BAMU.

Which ETF pays a higher dividend yield, PPEM or BAMU?

PPEM has the higher dividend yield at 49.06%, compared with 3.05% for BAMU.

What is the main difference between PPEM and BAMU?

PPEM is categorized as Emerging Markets Diversified, while BAMU is Ultrashort Bond. They also come from different issuers: Putnam and Brookstone. Their fees differ too: 0.61% for PPEM and 1.09% for BAMU.

Which has better risk-adjusted returns?

BAMU currently has the higher Sharpe Ratio (5.01 vs 2.62), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.