PPIE vs. PPEM

Last updated Aug 2, 2026

PPIE (Putnam Panagora ESG International Equity ETF -) and PPEM (Putnam Panagora ESG Emerging Markets Equity ETF -) are both exchange-traded funds - PPIE is a Foreign Large Cap Equities fund actively managed by Putnam, while PPEM is a Emerging Markets Equities fund tracking the MSCI Emerging Markets Index. PPIE is actively managed, while PPEM is passively managed. Their 0.70 correlation means they have sometimes moved together and sometimes differently. PPIE charges 0.49%/yr vs 0.61%/yr for PPEM.

Performance

PPIE vs. PPEM - Performance Comparison

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

Returns By Period

PPIE

• 1D: —
• 1M: —
• 6M: —
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: —

PPEM

• 1D: —
• 1M: —
• 6M: —
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: —

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

PPIE vs. PPEM - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
PPIE Putnam Panagora ESG International Equity ETF -	8.31%	32.77%	7.67%	9.74%
PPEM Putnam Panagora ESG Emerging Markets Equity ETF -	31.88%	35.39%	7.50%	0.19%

Correlation

The correlation between PPIE and PPEM is 0.70, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.70
Correlation (3Y) Balances recent behavior with more history.	0.70
Correlation (All Time) Calculated using the full available price history since Jan 20, 2023	0.70

The correlation between PPIE and PPEM has been stable across timeframes, ranging from 0.70 to 0.70 - a consistent structural relationship.

PPIE vs. PPEM - Sectors Allocation Comparison

Sectors	PPIE	PPEM
Financial Services	24.0%	16.8%
Industrials	21.7%	3.2%
Technology	14.2%	50.9%
Healthcare	11.9%	2.5%
Consumer Defensive	6.4%	1.0%
Consumer Cyclical	5.9%	7.7%
Basic Materials	5.3%	3.6%
Communication Services	3.3%	8.0%
Energy	3.3%	2.5%
Utilities	3.2%	2.4%
Real Estate	0.9%	1.5%

Return for Risk

PPIE vs. PPEM - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Putnam Panagora ESG International Equity ETF - (PPIE) and Putnam Panagora ESG Emerging Markets Equity ETF - (PPEM). 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.

Drawdowns

Volatility

PPIE vs. PPEM - Expense Ratio Comparison

PPIE has a 0.49% expense ratio, which is lower than PPEM's 0.61% expense ratio.

Dividends

PPIE vs. PPEM - Dividend Comparison

Neither PPIE nor PPEM 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%
PPIE Putnam Panagora ESG International Equity ETF -	12.06%	8.40%	5.12%	3.30%

Frequently Asked Questions

Can I hold both PPIE and PPEM in my portfolio?

PPIE and PPEM have a correlation of 0.70, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, PPIE or PPEM?

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.

Which ETF is cheaper, PPIE or PPEM?

PPIE is cheaper with a 0.49% expense ratio, compared with 0.61% for PPEM.

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

PPEM has the higher dividend yield at 49.06%, compared with 12.06% for PPIE.

What is the main difference between PPIE and PPEM?

PPIE is categorized as Foreign Large Cap Equities, while PPEM is Emerging Markets Equities. Their fees differ too: 0.49% for PPIE and 0.61% for PPEM.