PULT vs. PGRI

Last updated Jul 17, 2026

PULT (Putnam ESG Ultra Short ETF) and PGRI (Putnam International Stock ETF) are both exchange-traded funds - PULT is a Ultrashort Bond fund actively managed by Putnam, while PGRI is a Actively Managed fund actively managed by Putnam. Both are actively managed. At a 0.08 correlation, their price movements are largely independent. PULT charges 0.25%/yr vs 0.55%/yr for PGRI.

Performance

PULT vs. PGRI - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Putnam ESG Ultra Short ETF (PULT) and Putnam International Stock ETF (PGRI). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

PULT

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

PGRI

• 1D: -1.21%
• 1M: -3.67%
• 6M: 2.15%
• YTD: 6.14%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

PULT vs. PGRI - Yearly Performance Comparison

	2026 (YTD)	2025
PULT Putnam ESG Ultra Short ETF	1.23%	0.95%
PGRI Putnam International Stock ETF	6.14%	-1.11%

Correlation

The correlation between PULT and PGRI 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 (All Time) Calculated using the full available price history since Oct 23, 2025	0.08

Return for Risk

PULT vs. PGRI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Putnam ESG Ultra Short ETF (PULT) and Putnam International Stock ETF (PGRI). 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

Drawdown Indicators

	PULT	PGRI	Difference
Max Drawdown Largest peak-to-trough decline	—	-12.87%	—
Current Drawdown Current decline from peak	—	-5.78%	—
Average Drawdown Average peak-to-trough decline	—	-3.09%	—

Volatility

Volatility by Period

	PULT	PGRI	Difference
Volatility (1Y) Calculated over the trailing 1-year period	—	20.74%	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	—	20.74%	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	—	20.74%	—

PULT vs. PGRI - Expense Ratio Comparison

PULT has a 0.25% expense ratio, which is lower than PGRI's 0.55% expense ratio.

Dividends

PULT vs. PGRI - Dividend Comparison

PULT has not paid dividends to shareholders, while PGRI's dividend yield for the trailing twelve months is around 0.12%.

Position	TTM	2025	2024	2023
PGRI Putnam International Stock ETF	0.12%	0.12%	0.00%	0.00%
PULT Putnam ESG Ultra Short ETF	3.89%	4.59%	5.38%	4.88%

Frequently Asked Questions

Can I hold both PULT and PGRI in my portfolio?

PULT and PGRI 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.

Which ETF is better, PULT or PGRI?

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.

Which ETF is cheaper, PULT or PGRI?

PULT is cheaper with a 0.25% expense ratio, compared with 0.55% for PGRI.

Which ETF pays a higher dividend yield, PULT or PGRI?

PULT has the higher dividend yield at 3.89%, compared with 0.12% for PGRI.

What is the main difference between PULT and PGRI?

PULT is categorized as Ultrashort Bond, while PGRI is Actively Managed. Their fees differ too: 0.25% for PULT and 0.55% for PGRI.