STXE vs. PPEM

Last updated Aug 2, 2026

STXE (Strive Emerging Markets Ex-China ETF) and PPEM (Putnam Panagora ESG Emerging Markets Equity ETF -) are both Emerging Markets Equities funds - STXE tracks the Bloomberg US 1000 Dividend Growth Index - Benchmark TR Gross while PPEM tracks the MSCI Emerging Markets Index. Both are passively managed. Their 0.80 correlation means they have sometimes moved together and sometimes differently. STXE charges 0.32%/yr vs 0.61%/yr for PPEM.

Performance

STXE vs. PPEM - Performance Comparison

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

Returns By Period

STXE

• 1D: 2.93%
• 1M: -5.07%
• 6M: 18.30%
• YTD: 31.48%
• 1Y: 56.34%
• 3Y*: 23.32%
• 5Y*: —
• 10Y*: —
• ALL TIME*: 22.35%

PPEM

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

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
STXE Strive Emerging Markets Ex-China ETF	$412.67K	$566.81K	$571.67K

STXE vs. PPEM - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
STXE Strive Emerging Markets Ex-China ETF	31.48%	34.23%	2.09%	12.38%
PPEM Putnam Panagora ESG Emerging Markets Equity ETF -	31.88%	35.39%	7.50%	0.75%

Correlation

The correlation between STXE and PPEM is 0.77, 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.	0.77
Correlation (3Y) Balances recent behavior with more history.	0.80
Correlation (All Time) Calculated using the full available price history since Jan 31, 2023	0.80

The correlation between STXE and PPEM has been stable across timeframes, ranging from 0.77 to 0.80 - a consistent structural relationship.

STXE vs. PPEM - Sectors Allocation Comparison

Sectors	STXE	PPEM
Technology	40.3%	50.9%
Financial Services	15.7%	16.8%
Basic Materials	6.2%	3.6%
Industrials	5.0%	3.2%
Energy	3.5%	2.5%
Communication Services	3.2%	8.0%
Consumer Defensive	1.7%	1.0%
Consumer Cyclical	1.4%	7.7%
Utilities	1.1%	2.4%
Healthcare	0.6%	2.5%
Real Estate	0.4%	1.5%

Return for Risk

STXE vs. PPEM — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

STXE

STXE Risk / Return Rank: 79
STXE Sharpe Ratio Rank: 81
STXE Sortino Ratio Rank: 74
STXE Omega Ratio Rank: 81
STXE Calmar Ratio Rank: 77
STXE Martin Ratio Rank: 79

PPEM

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

STXE vs. PPEM - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Strive Emerging Markets Ex-China ETF (STXE) 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.

	STXE	PPEM	Difference
Sharpe ratio: Return per unit of total volatility	1.86	—	—
Sortino ratio: Return per unit of downside risk	2.40	—	—
Omega ratio: Gain probability vs. loss probability	1.34	—	—
Calmar ratio: Return relative to maximum drawdown	2.73	—	—
Martin ratio: Return relative to average drawdown	10.29	—	—

Drawdowns

Drawdown Indicators

	STXE	PPEM	Difference
Max Drawdown Largest peak-to-trough decline	-20.38%	—	—
Max Drawdown (1Y) Largest decline over 1 year	-20.38%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-20.38%	—	—
Current Drawdown Current decline from peak	-14.59%	—	—
Average Drawdown Average peak-to-trough decline	-3.95%	—	—
Ulcer Index Depth and duration of drawdowns from previous peaks	5.39%	—	—

Volatility

Volatility by Period

	STXE	PPEM	Difference
Volatility (1M) Calculated over the trailing 1-month period	13.05%	—	—
Volatility (6M) Calculated over the trailing 6-month period	28.09%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	29.83%	—	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	20.17%	—	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	20.17%	—	—

STXE vs. PPEM - Expense Ratio Comparison

STXE has a 0.32% expense ratio, which is lower than PPEM's 0.61% expense ratio.

Dividends

STXE vs. PPEM - Dividend Comparison

STXE's dividend yield for the trailing twelve months is around 1.91%, while PPEM has not 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%
STXE Strive Emerging Markets Ex-China ETF	1.91%	2.66%	3.22%	1.08%

Frequently Asked Questions

Can I hold both STXE and PPEM in my portfolio?

STXE and PPEM have a correlation of 0.77, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, STXE or PPEM?

On fees, STXE is cheaper at 0.32% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, STXE or PPEM?

STXE is cheaper with a 0.32% expense ratio, compared with 0.61% for PPEM.

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

PPEM has the higher dividend yield at 49.06%, compared with 1.91% for STXE.

What is the main difference between STXE and PPEM?

STXE tracks Bloomberg US 1000 Dividend Growth Index - Benchmark TR Gross, while PPEM tracks MSCI Emerging Markets Index. They also come from different issuers: Strive and Putnam. Their fees differ too: 0.32% for STXE and 0.61% for PPEM.