SAPH vs. PGRI
SAPH (ADRhedged SAP ETF) and PGRI (Putnam International Stock ETF) are both Actively Managed funds. Both are actively managed. At a 0.00 correlation, their price movements are largely independent. SAPH charges 0.19%/yr vs 0.55%/yr for PGRI.
Performance
SAPH vs. PGRI - Performance Comparison
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Returns By Period
In the year-to-date period, SAPH achieves a -29.61% return, which is significantly lower than PGRI's 6.14% return.
SAPH
- 1D
- 3.72%
- 1M
- -0.69%
- 6M
- -28.50%
- YTD
- -29.61%
- 1Y
- -44.18%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
PGRI
- 1D
- -1.21%
- 1M
- -3.67%
- 6M
- 2.15%
- YTD
- 6.14%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
SAPH vs. PGRI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
SAPH ADRhedged SAP ETF | -29.61% | -12.87% |
PGRI Putnam International Stock ETF | 6.14% | -1.11% |
Correlation
The correlation between SAPH and PGRI is 0.00, 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 | 0.00 |
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Return for Risk
SAPH vs. PGRI — Risk / Return Rank
SAPH
PGRI
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
SAPH vs. PGRI - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ADRhedged SAP ETF (SAPH) 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.
| SAPH | PGRI | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 0.76 | — | — |
| Calmar ratioReturn relative to maximum drawdown | -0.91 | — | — |
| Martin ratioReturn relative to average drawdown | -1.45 | — | — |
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Drawdowns
SAPH vs. PGRI - Drawdown Comparison
The maximum SAPH drawdown since its inception was -51.14%, which is greater than PGRI's maximum drawdown of -12.87%. Use the drawdown chart below to compare losses from any high point for SAPH and PGRI.
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Drawdown Indicators
| SAPH | PGRI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -51.14% | -12.87% | -38.27% |
Max Drawdown (1Y)Largest decline over 1 year | -48.85% | — | — |
Current DrawdownCurrent decline from peak | -47.22% | -5.78% | -41.44% |
Average DrawdownAverage peak-to-trough decline | -22.55% | -3.09% | -19.46% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 30.53% | — | — |
Volatility
SAPH vs. PGRI - Volatility Comparison
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Volatility by Period
| SAPH | PGRI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 11.43% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 31.75% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 35.26% | 20.74% | +14.52% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 34.18% | 20.74% | +13.44% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 34.18% | 20.74% | +13.44% |
SAPH vs. PGRI - Expense Ratio Comparison
SAPH has a 0.19% expense ratio, which is lower than PGRI's 0.55% expense ratio.
Dividends
SAPH vs. PGRI - Dividend Comparison
SAPH's dividend yield for the trailing twelve months is around 3.96%, more than PGRI's 0.12% yield.
| Position | TTM | 2025 |
|---|---|---|
PGRI Putnam International Stock ETF | 0.12% | 0.12% |
SAPH ADRhedged SAP ETF | 3.96% | 0.00% |
Frequently Asked Questions
SAPH and PGRI have a correlation of 0.00, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, SAPH is cheaper at 0.19% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SAPH is cheaper with a 0.19% expense ratio, compared with 0.55% for PGRI.
SAPH has the higher dividend yield at 3.96%, compared with 0.12% for PGRI.
They also come from different issuers: ADRhedged and Putnam. Their fees differ too: 0.19% for SAPH and 0.55% for PGRI.
Find the right allocation for SAPH and PGRI
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