PPEM vs. XC
Compare and contrast key facts about Putnam Panagora ESG Emerging Markets Equity ETF - (PPEM) and WisdomTree Emerging Markets ex-China Fund (XC).
PPEM and XC 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. XC is a passively managed fund by WisdomTree that tracks the performance of the WisdomTree Emerging Markets ex-China Index - Benchmark TR Net. It was launched on Sep 20, 2022. Both PPEM and XC are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Performance
PPEM vs. XC - Performance Comparison
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PPEM vs. XC - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
PPEM Putnam Panagora ESG Emerging Markets Equity ETF - | 5.27% | 35.39% | 7.50% | 0.11% |
XC WisdomTree Emerging Markets ex-China Fund | -3.53% | 18.19% | 5.49% | 12.96% |
Returns By Period
In the year-to-date period, PPEM achieves a 5.27% return, which is significantly higher than XC's -3.53% return.
PPEM
- 1D
- 4.09%
- 1M
- -10.61%
- YTD
- 5.27%
- 6M
- 8.34%
- 1Y
- 38.04%
- 3Y*
- 16.98%
- 5Y*
- —
- 10Y*
- —
XC
- 1D
- 3.04%
- 1M
- -8.43%
- YTD
- -3.53%
- 6M
- 0.10%
- 1Y
- 17.84%
- 3Y*
- 11.68%
- 5Y*
- —
- 10Y*
- —
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PPEM vs. XC - Expense Ratio Comparison
PPEM has a 0.61% expense ratio, which is higher than XC's 0.32% expense ratio.
Return for Risk
PPEM vs. XC — Risk / Return Rank
PPEM
XC
PPEM vs. XC - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Putnam Panagora ESG Emerging Markets Equity ETF - (PPEM) and WisdomTree Emerging Markets ex-China Fund (XC). 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.
| PPEM | XC | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.81 | 1.07 | +0.75 |
Sortino ratioReturn per unit of downside risk | 2.44 | 1.59 | +0.85 |
Omega ratioGain probability vs. loss probability | 1.36 | 1.22 | +0.15 |
Calmar ratioReturn relative to maximum drawdown | 2.41 | 1.39 | +1.01 |
Martin ratioReturn relative to average drawdown | 9.97 | 5.13 | +4.84 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| PPEM | XC | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.81 | 1.07 | +0.75 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.83 | 0.76 | +0.07 |
Correlation
The correlation between PPEM and XC is 0.81, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Dividends
PPEM vs. XC - Dividend Comparison
PPEM's dividend yield for the trailing twelve months is around 61.46%, more than XC's 12.42% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
PPEM Putnam Panagora ESG Emerging Markets Equity ETF - | 61.46% | 6.05% | 3.27% | 1.94% | 0.00% |
XC WisdomTree Emerging Markets ex-China Fund | 12.42% | 11.74% | 1.49% | 1.42% | 0.57% |
Drawdowns
PPEM vs. XC - Drawdown Comparison
The maximum PPEM drawdown since its inception was -18.44%, smaller than the maximum XC drawdown of -20.97%. Use the drawdown chart below to compare losses from any high point for PPEM and XC.
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Drawdown Indicators
| PPEM | XC | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -18.44% | -20.97% | +2.53% |
Max Drawdown (1Y)Largest decline over 1 year | -15.28% | -12.47% | -2.81% |
Current DrawdownCurrent decline from peak | -11.81% | -9.41% | -2.40% |
Average DrawdownAverage peak-to-trough decline | -4.29% | -3.99% | -0.30% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.69% | 3.39% | +0.30% |
Volatility
PPEM vs. XC - Volatility Comparison
Putnam Panagora ESG Emerging Markets Equity ETF - (PPEM) has a higher volatility of 11.49% compared to WisdomTree Emerging Markets ex-China Fund (XC) at 7.82%. This indicates that PPEM's price experiences larger fluctuations and is considered to be riskier than XC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PPEM | XC | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 11.49% | 7.82% | +3.67% |
Volatility (6M)Calculated over the trailing 6-month period | 16.26% | 10.76% | +5.50% |
Volatility (1Y)Calculated over the trailing 1-year period | 21.10% | 16.80% | +4.30% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.49% | 15.73% | +1.76% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.49% | 15.73% | +1.76% |