PPIE vs. FDT
Compare and contrast key facts about Putnam Panagora ESG International Equity ETF - (PPIE) and First Trust Developed Markets ex-US AlphaDEX Fund (FDT).
PPIE and FDT are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. PPIE is an actively managed fund by Putnam. It was launched on Jan 19, 2023. FDT is a passively managed fund by First Trust that tracks the performance of the NASDAQ AlphaDEX DM Ex-US Index. It was launched on Apr 18, 2011.
Performance
PPIE vs. FDT - Performance Comparison
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PPIE vs. FDT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
PPIE Putnam Panagora ESG International Equity ETF - | 0.62% | 32.77% | 7.67% | 9.66% |
FDT First Trust Developed Markets ex-US AlphaDEX Fund | 11.73% | 52.21% | 6.97% | 6.18% |
Returns By Period
In the year-to-date period, PPIE achieves a 0.62% return, which is significantly lower than FDT's 11.73% return.
PPIE
- 1D
- 1.92%
- 1M
- -5.31%
- YTD
- 0.62%
- 6M
- 4.45%
- 1Y
- 23.64%
- 3Y*
- 16.42%
- 5Y*
- —
- 10Y*
- —
FDT
- 1D
- 1.73%
- 1M
- -7.63%
- YTD
- 11.73%
- 6M
- 18.75%
- 1Y
- 57.05%
- 3Y*
- 25.20%
- 5Y*
- 11.64%
- 10Y*
- 9.91%
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PPIE vs. FDT - Expense Ratio Comparison
PPIE has a 0.49% expense ratio, which is lower than FDT's 0.80% expense ratio.
Return for Risk
PPIE vs. FDT — Risk / Return Rank
PPIE
FDT
PPIE vs. FDT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Putnam Panagora ESG International Equity ETF - (PPIE) and First Trust Developed Markets ex-US AlphaDEX Fund (FDT). 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.
| PPIE | FDT | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.33 | 2.96 | -1.63 |
Sortino ratioReturn per unit of downside risk | 1.87 | 3.59 | -1.71 |
Omega ratioGain probability vs. loss probability | 1.27 | 1.56 | -0.29 |
Calmar ratioReturn relative to maximum drawdown | 1.95 | 4.30 | -2.34 |
Martin ratioReturn relative to average drawdown | 7.51 | 17.64 | -10.13 |
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
| PPIE | FDT | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.33 | 2.96 | -1.63 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.65 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.54 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.05 | 0.36 | +0.69 |
Correlation
The correlation between PPIE and FDT is 0.86, 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
PPIE vs. FDT - Dividend Comparison
PPIE's dividend yield for the trailing twelve months is around 12.98%, more than FDT's 3.19% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PPIE Putnam Panagora ESG International Equity ETF - | 12.98% | 8.40% | 5.12% | 3.30% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
FDT First Trust Developed Markets ex-US AlphaDEX Fund | 3.19% | 3.27% | 3.89% | 4.36% | 2.29% | 3.80% | 2.42% | 2.78% | 2.13% | 1.57% | 1.76% | 1.83% |
Drawdowns
PPIE vs. FDT - Drawdown Comparison
The maximum PPIE drawdown since its inception was -13.55%, smaller than the maximum FDT drawdown of -46.10%. Use the drawdown chart below to compare losses from any high point for PPIE and FDT.
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Drawdown Indicators
| PPIE | FDT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -13.55% | -46.10% | +32.55% |
Max Drawdown (1Y)Largest decline over 1 year | -12.00% | -13.41% | +1.41% |
Max Drawdown (5Y)Largest decline over 5 years | — | -33.18% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -46.10% | — |
Current DrawdownCurrent decline from peak | -7.14% | -8.75% | +1.61% |
Average DrawdownAverage peak-to-trough decline | -2.49% | -10.86% | +8.37% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.12% | 3.27% | -0.15% |
Volatility
PPIE vs. FDT - Volatility Comparison
The current volatility for Putnam Panagora ESG International Equity ETF - (PPIE) is 7.61%, while First Trust Developed Markets ex-US AlphaDEX Fund (FDT) has a volatility of 8.78%. This indicates that PPIE experiences smaller price fluctuations and is considered to be less risky than FDT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PPIE | FDT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.61% | 8.78% | -1.17% |
Volatility (6M)Calculated over the trailing 6-month period | 11.61% | 14.05% | -2.44% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.88% | 19.39% | -1.51% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.71% | 17.87% | -3.16% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.71% | 18.33% | -3.62% |