PULT vs. PPEM
PULT (Putnam ESG Ultra Short ETF) and PPEM (Putnam Panagora ESG Emerging Markets Equity ETF -) are both exchange-traded funds - PULT is a Ultrashort Bond fund actively managed by Putnam, while PPEM is a Emerging Markets Diversified fund tracking the MSCI Emerging Markets Index. PULT is actively managed, while PPEM is passively managed. At a 0.02 correlation, their price movements are largely independent. PULT charges 0.25%/yr vs 0.61%/yr for PPEM.
Performance
PULT vs. PPEM - Performance Comparison
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Returns By Period
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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PPEM
- 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 vs. PPEM - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
PULT Putnam ESG Ultra Short ETF | 1.23% | 5.08% | 5.93% | 5.47% |
PPEM Putnam Panagora ESG Emerging Markets Equity ETF - | 31.88% | 35.39% | 7.50% | 0.19% |
Correlation
The correlation between PULT and PPEM is 0.07, 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 | 0.07 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.02 |
Correlation (All Time) Calculated using the full available price history since Jan 20, 2023 | 0.02 |
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Return for Risk
PULT vs. PPEM - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Putnam ESG Ultra Short ETF (PULT) 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.
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Drawdowns
PULT vs. PPEM - Drawdown Comparison
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Volatility
PULT vs. PPEM - Volatility Comparison
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PULT vs. PPEM - Expense Ratio Comparison
PULT has a 0.25% expense ratio, which is lower than PPEM's 0.61% expense ratio.
Dividends
PULT vs. PPEM - Dividend Comparison
Neither PULT 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% |
PULT Putnam ESG Ultra Short ETF | 3.89% | 4.59% | 5.38% | 4.88% |
Frequently Asked Questions
PULT and PPEM have a correlation of 0.07, 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 0.61% for PPEM.
PPEM has the higher dividend yield at 49.06%, compared with 3.89% for PULT.
PULT is categorized as Ultrashort Bond, while PPEM is Emerging Markets Diversified. Their fees differ too: 0.25% for PULT and 0.61% for PPEM.
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