PPEM vs. PULT
PPEM (Putnam Panagora ESG Emerging Markets Equity ETF -) and PULT (Putnam ESG Ultra Short ETF) are both exchange-traded funds - PPEM is a Emerging Markets Diversified fund tracking the MSCI Emerging Markets Index, while PULT is a Ultrashort Bond fund actively managed by Putnam. PPEM is passively managed, while PULT is actively managed. At a 0.02 correlation, their price movements are largely independent. PPEM charges 0.61%/yr vs 0.25%/yr for PULT.
Performance
PPEM vs. PULT - 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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PULT
- 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. PULT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
PPEM Putnam Panagora ESG Emerging Markets Equity ETF - | 31.88% | 35.39% | 7.50% | 0.19% |
PULT Putnam ESG Ultra Short ETF | 1.23% | 5.08% | 5.93% | 5.47% |
Correlation
The correlation between PPEM and PULT is 0.07, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.07 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.02 |
Correlation (All Time) Calculated using the full available price history since Jan 20, 2023 | 0.02 |
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Return for Risk
PPEM vs. PULT - 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 ESG Ultra Short ETF (PULT). 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. PULT - Drawdown Comparison
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Volatility
PPEM vs. PULT - Volatility Comparison
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PPEM vs. PULT - Expense Ratio Comparison
PPEM has a 0.61% expense ratio, which is higher than PULT's 0.25% expense ratio.
Dividends
PPEM vs. PULT - Dividend Comparison
Neither PPEM nor PULT 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% |
PULT Putnam ESG Ultra Short ETF | 3.89% | 4.59% | 5.38% | 4.88% |
Frequently Asked Questions
PPEM and PULT have a correlation of 0.07, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, PULT is cheaper at 0.25% per year. The better choice depends on whether you care most about return, fees, risk, or income.
PULT is cheaper with a 0.25% expense ratio, compared with 0.61% for PPEM.
PPEM has the higher dividend yield at 49.06%, compared with 3.89% for PULT.
PPEM is categorized as Emerging Markets Diversified, while PULT is Ultrashort Bond. Their fees differ too: 0.61% for PPEM and 0.25% for PULT.
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