PPIE vs. PHYD
PPIE (Putnam Panagora ESG International Equity ETF -) and PHYD (Putnam ESG High Yield ETF -) are both exchange-traded funds - PPIE is a Foreign Large Cap Equities fund actively managed by Putnam, while PHYD is a High Yield Bonds fund actively managed by Putnam. Both are actively managed. A 0.60 correlation means they provide meaningful diversification when combined. PPIE charges 0.49%/yr vs 0.55%/yr for PHYD.
Performance
PPIE vs. PHYD - Performance Comparison
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Returns By Period
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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PHYD
- 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 vs. PHYD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
PPIE Putnam Panagora ESG International Equity ETF - | 8.31% | 32.77% | 7.67% | 9.74% |
PHYD Putnam ESG High Yield ETF - | 2.32% | 8.84% | 7.35% | 8.30% |
Correlation
The correlation between PPIE and PHYD is 0.61, 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 | 0.61 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.60 |
Correlation (All Time) Calculated using the full available price history since Jan 20, 2023 | 0.60 |
The correlation between PPIE and PHYD has been stable across timeframes, ranging from 0.60 to 0.61 - a consistent structural relationship.
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Return for Risk
PPIE vs. PHYD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Putnam Panagora ESG International Equity ETF - (PPIE) and Putnam ESG High Yield ETF - (PHYD). 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
PPIE vs. PHYD - Drawdown Comparison
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Volatility
PPIE vs. PHYD - Volatility Comparison
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PPIE vs. PHYD - Expense Ratio Comparison
PPIE has a 0.49% expense ratio, which is lower than PHYD's 0.55% expense ratio.
Dividends
PPIE vs. PHYD - Dividend Comparison
Neither PPIE nor PHYD has paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
PHYD Putnam ESG High Yield ETF - | 8.52% | 6.63% | 6.80% | 6.15% |
PPIE Putnam Panagora ESG International Equity ETF - | 12.06% | 8.40% | 5.12% | 3.30% |
Frequently Asked Questions
PPIE and PHYD have a correlation of 0.61, 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 0.55% for PHYD.
PPIE has the higher dividend yield at 12.06%, compared with 8.52% for PHYD.
PPIE is categorized as Foreign Large Cap Equities, while PHYD is High Yield Bonds. Their fees differ too: 0.49% for PPIE and 0.55% for PHYD.
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