PPEM vs. PPIE
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 Diversified 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. A 0.70 correlation means they provide meaningful diversification when combined. PPEM charges 0.61%/yr vs 0.49%/yr for PPIE.
Performance
PPEM vs. PPIE - Performance Comparison
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Returns By Period
PPEM
- 1D
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- 1M
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- 6M
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- YTD
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- 1Y
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- 3Y*
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- 5Y*
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- 10Y*
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PPIE
- 1D
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- 1M
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- 6M
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- YTD
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- 1Y
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- 3Y*
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- 5Y*
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- 10Y*
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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 share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.70 |
Correlation (3Y) Calculated over the trailing 3-year period | 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.
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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.
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Drawdowns
PPEM vs. PPIE - Drawdown Comparison
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Volatility
PPEM vs. PPIE - Volatility Comparison
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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
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.
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.
PPIE is cheaper with a 0.49% expense ratio, compared with 0.61% for PPEM.
PPEM has the higher dividend yield at 49.06%, compared with 12.06% for PPIE.
PPEM is categorized as Emerging Markets Diversified, while PPIE is Foreign Large Cap Equities. Their fees differ too: 0.61% for PPEM and 0.49% for PPIE.
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