PPEM vs. PPIE

Last updated Aug 2, 2026

PPEM (Putnam Panagora ESG Emerging Markets Equity ETF -) and PPIE (Putnam Panagora ESG International Equity ETF -) are both exchange-traded funds - PPEM is a Emerging Markets Equities fund tracking the MSCI Emerging Markets Index, while PPIE is a Foreign Large Cap Equities fund actively managed by Putnam. PPEM is passively managed, while PPIE is actively managed. Their 0.70 correlation means they have sometimes moved together and sometimes differently. PPEM charges 0.61%/yr vs 0.49%/yr for PPIE.

Performance

PPEM vs. PPIE - Performance Comparison

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

Returns By Period

PPEM

• 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)

PPEM vs. PPIE - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
PPEM Putnam Panagora ESG Emerging Markets Equity ETF -	31.88%	35.39%	7.50%	0.19%
PPIE Putnam Panagora ESG International Equity ETF -	8.31%	32.77%	7.67%	9.74%

Correlation

The correlation between PPEM and PPIE is 0.70, 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.	0.70
Correlation (3Y) Balances recent behavior with more history.	0.70
Correlation (All Time) Calculated using the full available price history since Jan 20, 2023	0.70

The correlation between PPEM and PPIE has been stable across timeframes, ranging from 0.70 to 0.70 - a consistent structural relationship.

PPEM vs. PPIE - Sectors Allocation Comparison

Sectors	PPEM	PPIE
Technology	50.9%	14.2%
Financial Services	16.8%	24.0%
Communication Services	8.0%	3.3%
Consumer Cyclical	7.7%	5.9%
Basic Materials	3.6%	5.3%
Industrials	3.2%	21.7%
Healthcare	2.5%	11.9%
Energy	2.5%	3.3%
Utilities	2.4%	3.2%
Real Estate	1.5%	0.9%
Consumer Defensive	1.0%	6.4%

Return for Risk

PPEM vs. PPIE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Putnam Panagora ESG Emerging Markets Equity ETF - (PPEM) 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

PPEM vs. PPIE - Expense Ratio Comparison

PPEM has a 0.61% expense ratio, which is higher than PPIE's 0.49% expense ratio.

Dividends

PPEM vs. PPIE - Dividend Comparison

Neither PPEM nor PPIE has paid dividends to shareholders.

Position	TTM	2025	2024	2023
PPEM Putnam Panagora ESG Emerging Markets Equity ETF -	49.06%	6.05%	3.27%	1.94%
PPIE Putnam Panagora ESG International Equity ETF -	12.06%	8.40%	5.12%	3.30%

Frequently Asked Questions

Can I hold both PPEM and PPIE in my portfolio?

PPEM and PPIE have a correlation of 0.70, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, PPEM 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, PPEM or PPIE?

PPIE is cheaper with a 0.49% expense ratio, compared with 0.61% for PPEM.

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

PPEM has the higher dividend yield at 49.06%, compared with 12.06% for PPIE.

What is the main difference between PPEM and PPIE?

PPEM is categorized as Emerging Markets Equities, while PPIE is Foreign Large Cap Equities. Their fees differ too: 0.61% for PPEM and 0.49% for PPIE.