TEMX vs. PPEM

Last updated Jul 14, 2026

TEMX (Touchstone Sands Capital Emerging Markets ex-China Growth ETF) and PPEM (Putnam Panagora ESG Emerging Markets Equity ETF -) are both Emerging Markets Diversified funds. TEMX is actively managed, while PPEM is passively managed. A 0.77 correlation means they provide meaningful diversification when combined. TEMX charges 0.79%/yr vs 0.61%/yr for PPEM.

Performance

TEMX vs. PPEM - Performance Comparison

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

Returns By Period

TEMX

• 1D: -4.20%
• 1M: -1.67%
• 6M: 16.24%
• YTD: 21.76%
• 1Y: 32.39%
• 3Y*: —
• 5Y*: —
• 10Y*: —

PPEM

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

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

TEMX vs. PPEM - Yearly Performance Comparison

	2026 (YTD)	2025
TEMX Touchstone Sands Capital Emerging Markets ex-China Growth ETF	21.76%	21.36%
PPEM Putnam Panagora ESG Emerging Markets Equity ETF -	31.88%	29.30%

Correlation

The correlation between TEMX and PPEM is 0.77, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.77
Correlation (All Time) Calculated using the full available price history since Feb 26, 2025	0.77

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

Return for Risk

TEMX vs. PPEM — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

TEMX

TEMX Risk / Return Rank: 49
TEMX Sharpe Ratio Rank: 45
TEMX Sortino Ratio Rank: 42
TEMX Omega Ratio Rank: 49
TEMX Calmar Ratio Rank: 55
TEMX Martin Ratio Rank: 57

PPEM

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

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

TEMX vs. PPEM - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Touchstone Sands Capital Emerging Markets ex-China Growth ETF (TEMX) 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.

	TEMX	PPEM	Difference
Sharpe ratio: Return per unit of total volatility	1.27	—	—
Sortino ratio: Return per unit of downside risk	1.76	—	—
Omega ratio: Gain probability vs. loss probability	1.25	—	—
Calmar ratio: Return relative to maximum drawdown	2.18	—	—
Martin ratio: Return relative to average drawdown	7.89	—	—

Drawdowns

Drawdown Indicators

	TEMX	PPEM	Difference
Max Drawdown Largest peak-to-trough decline	-14.95%	—	—
Max Drawdown (1Y) Largest decline over 1 year	-14.95%	—	—
Current Drawdown Current decline from peak	-9.88%	—	—
Average Drawdown Average peak-to-trough decline	-2.56%	—	—
Ulcer Index Depth and duration of drawdowns from previous peaks	4.12%	—	—

Volatility

Volatility by Period

	TEMX	PPEM	Difference
Volatility (1M) Calculated over the trailing 1-month period	11.47%	—	—
Volatility (6M) Calculated over the trailing 6-month period	23.57%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	25.59%	—	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	24.88%	—	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	24.88%	—	—

TEMX vs. PPEM - Expense Ratio Comparison

TEMX has a 0.79% expense ratio, which is higher than PPEM's 0.61% expense ratio.

Dividends

TEMX vs. PPEM - Dividend Comparison

TEMX's dividend yield for the trailing twelve months is around 0.89%, 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%
TEMX Touchstone Sands Capital Emerging Markets ex-China Growth ETF	0.89%	1.08%	0.00%	0.00%

Frequently Asked Questions

Can I hold both TEMX and PPEM in my portfolio?

TEMX 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, TEMX or PPEM?

On fees, PPEM is cheaper at 0.61% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, TEMX or PPEM?

PPEM is cheaper with a 0.61% expense ratio, compared with 0.79% for TEMX.

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

PPEM has the higher dividend yield at 49.06%, compared with 0.89% for TEMX.

What is the main difference between TEMX and PPEM?

They also come from different issuers: Touchstone and Putnam. Their fees differ too: 0.79% for TEMX and 0.61% for PPEM.