PPIE vs. GOOP

Last updated Jun 4, 2026

PPIE (Putnam Panagora ESG International Equity ETF -) and GOOP (Kurv Yield Premium Strategy Google ETF) are both exchange-traded funds - PPIE is a Foreign Large Cap Equities fund actively managed by Putnam, while GOOP is a Derivative Income fund actively managed by Kurv. Both are actively managed. Over the past year, PPIE returned 20.97% vs 93.82% for GOOP. At a 0.37 correlation, their price movements are largely independent. PPIE charges 0.49%/yr vs 0.99%/yr for GOOP.

Performance

PPIE vs. GOOP - Performance Comparison

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

Returns By Period

In the year-to-date period, PPIE achieves a 8.26% return, which is significantly lower than GOOP's 12.36% return.

PPIE

• 1D: 0.04%
• 1M: 6.12%
• YTD: 8.26%
• 6M: 10.45%
• 1Y: 20.97%
• 3Y*: 18.32%
• 5Y*: —
• 10Y*: —

GOOP

• 1D: -0.95%
• 1M: -7.01%
• YTD: 12.36%
• 6M: 10.67%
• 1Y: 93.82%
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

PPIE vs. GOOP - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
PPIE Putnam Panagora ESG International Equity ETF -	8.26%	32.77%	7.67%	9.73%
GOOP Kurv Yield Premium Strategy Google ETF	12.36%	52.46%	27.67%	6.17%

Correlation

The correlation between PPIE and GOOP is 0.43, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.43
Correlation (All Time) Calculated using the full available price history since Nov 7, 2023	0.37

Return for Risk

PPIE vs. GOOP — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

PPIE

PPIE Risk / Return Rank: 39
PPIE Sharpe Ratio Rank: 40
PPIE Sortino Ratio Rank: 39
PPIE Omega Ratio Rank: 39
PPIE Calmar Ratio Rank: 36
PPIE Martin Ratio Rank: 41

GOOP

GOOP Risk / Return Rank: 86
GOOP Sharpe Ratio Rank: 92
GOOP Sortino Ratio Rank: 91
GOOP Omega Ratio Rank: 88
GOOP Calmar Ratio Rank: 78
GOOP Martin Ratio Rank: 78

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

PPIE vs. GOOP - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Putnam Panagora ESG International Equity ETF - (PPIE) and Kurv Yield Premium Strategy Google ETF (GOOP). 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	GOOP	Difference
Sharpe ratio: Return per unit of total volatility	1.38	3.34	-1.96
Sortino ratio: Return per unit of downside risk	1.98	4.35	-2.38
Omega ratio: Gain probability vs. loss probability	1.25	1.57	-0.32
Calmar ratio: Return relative to maximum drawdown	1.75	4.04	-2.29
Martin ratio: Return relative to average drawdown	6.48	15.39	-8.91
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

PPIE vs. GOOP - Sharpe Ratio Comparison

The current PPIE Sharpe Ratio is 1.38, which is lower than the GOOP Sharpe Ratio of 3.34. The chart below compares the historical Sharpe Ratios of PPIE and GOOP, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	PPIE	GOOP	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.38	3.34	-1.96
Sharpe Ratio (All Time) Calculated using the full available price history	1.15	1.51	-0.35

Drawdowns

PPIE vs. GOOP - Drawdown Comparison

The maximum PPIE drawdown since its inception was -13.55%, smaller than the maximum GOOP drawdown of -27.49%. Use the drawdown chart below to compare losses from any high point for PPIE and GOOP.

Drawdown Indicators

	PPIE	GOOP	Difference
Max Drawdown Largest peak-to-trough decline	-13.55%	-27.49%	+13.94%
Max Drawdown (1Y) Largest decline over 1 year	-12.00%	-23.32%	+11.32%
Max Drawdown (3Y) Largest decline over 3 years	-13.55%	—	—
Current Drawdown Current decline from peak	-0.80%	-11.90%	+11.10%
Average Drawdown Average peak-to-trough decline	-2.51%	-6.29%	+3.78%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.24%	6.12%	-2.88%

Volatility

PPIE vs. GOOP - Volatility Comparison

The current volatility for Putnam Panagora ESG International Equity ETF - (PPIE) is 4.18%, while Kurv Yield Premium Strategy Google ETF (GOOP) has a volatility of 9.14%. This indicates that PPIE experiences smaller price fluctuations and is considered to be less risky than GOOP based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	PPIE	GOOP	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.18%	9.14%	-4.96%
Volatility (6M) Calculated over the trailing 6-month period	12.30%	22.59%	-10.29%
Volatility (1Y) Calculated over the trailing 1-year period	15.27%	28.30%	-13.03%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.83%	25.91%	-11.08%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	14.83%	25.91%	-11.08%

PPIE vs. GOOP - Expense Ratio Comparison

PPIE has a 0.49% expense ratio, which is lower than GOOP's 0.99% expense ratio.

Dividends

PPIE vs. GOOP - Dividend Comparison

PPIE's dividend yield for the trailing twelve months is around 12.07%, less than GOOP's 12.25% yield.

Position	TTM	2025	2024	2023
GOOP Kurv Yield Premium Strategy Google ETF	12.25%	11.79%	13.73%	2.06%
PPIE Putnam Panagora ESG International Equity ETF -	12.07%	8.40%	5.12%	3.30%

Frequently Asked Questions

Can I hold both PPIE and GOOP in my portfolio?

PPIE and GOOP have a correlation of 0.43, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, PPIE or GOOP?

GOOP has higher volatility (9.14%) compared to PPIE (4.18%). In terms of maximum drawdown, PPIE dropped -13.55% vs GOOP's -27.49%.

Which ETF is better, PPIE or GOOP?

On 1-year performance, GOOP leads with 93.82% vs 20.97% for PPIE. On fees, PPIE is cheaper at 0.49% per year. On volatility, PPIE has been the lower-risk option at 4.18%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, PPIE or GOOP?

Over the 1-year period, GOOP has performed better with a 93.82% return vs 20.97%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, PPIE or GOOP?

PPIE is cheaper with a 0.49% expense ratio, compared with 0.99% for GOOP.

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

GOOP has the higher dividend yield at 12.25%, compared with 12.07% for PPIE.

What is the main difference between PPIE and GOOP?

PPIE is categorized as Foreign Large Cap Equities, while GOOP is Derivative Income. They also come from different issuers: Putnam and Kurv. Their fees differ too: 0.49% for PPIE and 0.99% for GOOP.

Which has better risk-adjusted returns?

GOOP currently has the higher Sharpe Ratio (3.34 vs 1.38), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.