Correlation
The correlation between PPEM and PEMX is 0.59, 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. PEMX
Compare and contrast key facts about Putnam Panagora ESG Emerging Markets Equity ETF - (PPEM) and Putnam Emerging Markets Ex-China ETF (PEMX).
PPEM and PEMX 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. PEMX is an actively managed fund by Putnam. It was launched on May 17, 2023.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: PPEM or PEMX.
Performance
PPEM vs. PEMX - Performance Comparison
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Key characteristics
PPEM:
0.73
PEMX:
0.69
PPEM:
0.84
PEMX:
0.88
PPEM:
1.11
PEMX:
1.11
PPEM:
0.56
PEMX:
0.69
PPEM:
1.60
PEMX:
2.10
PPEM:
6.01%
PEMX:
4.87%
PPEM:
18.79%
PEMX:
18.52%
PPEM:
-17.05%
PEMX:
-14.91%
PPEM:
-1.12%
PEMX:
-1.12%
Returns By Period
In the year-to-date period, PPEM achieves a 10.20% return, which is significantly higher than PEMX's 6.47% return.
PPEM
10.20%
5.04%
8.14%
14.30%
N/A
N/A
N/A
PEMX
6.47%
3.99%
6.77%
13.28%
N/A
N/A
N/A
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PPEM vs. PEMX - Expense Ratio Comparison
PPEM has a 0.61% expense ratio, which is lower than PEMX's 0.85% expense ratio.
Risk-Adjusted Performance
PPEM vs. PEMX — Risk-Adjusted Performance Rank
PPEM
PEMX
PPEM vs. PEMX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Putnam Panagora ESG Emerging Markets Equity ETF - (PPEM) and Putnam Emerging Markets Ex-China ETF (PEMX). 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. PEMX - Dividend Comparison
PPEM's dividend yield for the trailing twelve months is around 2.97%, less than PEMX's 4.70% yield.
| TTM | 2024 | 2023 | |
|---|---|---|---|
PPEM Putnam Panagora ESG Emerging Markets Equity ETF - | 2.97% | 3.28% | 1.94% |
PEMX Putnam Emerging Markets Ex-China ETF | 4.70% | 5.00% | 0.72% |
Drawdowns
PPEM vs. PEMX - Drawdown Comparison
The maximum PPEM drawdown since its inception was -17.05%, which is greater than PEMX's maximum drawdown of -14.91%. Use the drawdown chart below to compare losses from any high point for PPEM and PEMX.
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Volatility
PPEM vs. PEMX - Volatility Comparison
Putnam Panagora ESG Emerging Markets Equity ETF - (PPEM) has a higher volatility of 4.07% compared to Putnam Emerging Markets Ex-China ETF (PEMX) at 3.54%. This indicates that PPEM's price experiences larger fluctuations and is considered to be riskier than PEMX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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