PPIE vs. PULT
PPIE (Putnam Panagora ESG International Equity ETF -) and PULT (Putnam ESG Ultra Short ETF) are both exchange-traded funds - PPIE is a Foreign Large Cap Equities fund actively managed by Putnam, while PULT is a Ultrashort Bond fund actively managed by Putnam. Both are actively managed. At a 0.08 correlation, their price movements are largely independent. PPIE charges 0.49%/yr vs 0.25%/yr for PULT.
Performance
PPIE vs. PULT - 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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PULT
- 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. PULT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
PPIE Putnam Panagora ESG International Equity ETF - | 8.31% | 32.77% | 7.67% | 9.74% |
PULT Putnam ESG Ultra Short ETF | 1.23% | 5.08% | 5.93% | 5.47% |
Correlation
The correlation between PPIE and PULT is 0.08, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.08 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.08 |
Correlation (All Time) Calculated using the full available price history since Jan 20, 2023 | 0.08 |
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Return for Risk
PPIE vs. PULT - 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 Ultra Short ETF (PULT). 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. PULT - Drawdown Comparison
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Volatility
PPIE vs. PULT - Volatility Comparison
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PPIE vs. PULT - Expense Ratio Comparison
PPIE has a 0.49% expense ratio, which is higher than PULT's 0.25% expense ratio.
Dividends
PPIE vs. PULT - Dividend Comparison
Neither PPIE nor PULT has paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
PPIE Putnam Panagora ESG International Equity ETF - | 12.06% | 8.40% | 5.12% | 3.30% |
PULT Putnam ESG Ultra Short ETF | 3.89% | 4.59% | 5.38% | 4.88% |
Frequently Asked Questions
PPIE and PULT have a correlation of 0.08, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, PULT is cheaper at 0.25% per year. The better choice depends on whether you care most about return, fees, risk, or income.
PULT is cheaper with a 0.25% expense ratio, compared with 0.49% for PPIE.
PPIE has the higher dividend yield at 12.06%, compared with 3.89% for PULT.
PPIE is categorized as Foreign Large Cap Equities, while PULT is Ultrashort Bond. Their fees differ too: 0.49% for PPIE and 0.25% for PULT.
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