PPEM vs VOO
Putnam PanAgora ESG Emerging Markets Equity ETF vs Vanguard S&P 500 ETF
Quick Verdict
VOO has a lower expense ratio. PPEM delivered stronger 1-year returns. VOO offers more diversification with 505 holdings.
Side-by-Side Comparison
| Metric | PPEM | VOO | Winner |
|---|---|---|---|
| Expense Ratio | 0.60% | 0.03% | |
| AUM | $2M | $979.0B | |
| Dividend Yield | 49.41% | 1.09% | |
| Holdings | 116 | 509 | |
| YTD Return | +28.48% | +13.80% | |
| 1Y Return | +55.32% | +23.71% | |
| 3Y Return (annualized) | +24.92% | +21.50% | |
| 5Y Return (annualized) | - | +13.44% | |
| Volatility (annualized) | 16.7% | 14.1% | |
| Max Drawdown | -18.4% | -34.3% | |
| Fund Family | Putnam Investments | Vanguard (US) | |
| Category | Equity | Equity | |
| Inception | Jan 19, 2023 | Sep 7, 2010 |
PPEM vs VOO Performance
Putnam PanAgora ESG Emerging Markets Equity ETF (PPEM) is a ETF from Putnam Investments and Vanguard S&P 500 ETF (VOO) is a ETF from Vanguard (US). Over the past year PPEM returned +55.32% while VOO returned +23.71%. Year to date, PPEM is up 28.48% versus a gain of 13.80% for VOO.
Over three years, PPEM compounded at +24.92% per year against +21.50% for VOO. Across the full 3-year window we track, PPEM has the edge at +21.29% annualized vs +13.58%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
PPEM has been the more volatile fund, with annualized monthly volatility of 16.7% compared with 14.1% for VOO. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -18.4% for PPEM and -34.3% for VOO. Drawdown depth is worth weighing if you expect to sell during market stress rather than ride it out.
The two funds' monthly returns correlate at 0.68. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
PPEM charges 0.60% per year while VOO charges 0.03%. On a $10,000 position that is $60 vs $3 annually, a gap of $57 per year that compounds over a long holding period. On income, PPEM currently yields 49.41% against 1.09% for VOO.
Holdings Overlap
PPEM and VOO share 0 holdings out of 614 unique holdings combined, representing a 0.0% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, PPEM or VOO?
PPEM has an expense ratio of 0.60% while VOO charges 0.03%. VOO is the cheaper option. On a $10,000 investment, that is $57 per year of difference.
Which performed better, PPEM or VOO?
Over the past year PPEM returned +55.32% vs +23.71% for VOO, so PPEM leads on 1-year performance. Over the longest common window we track (3 years), PPEM annualized +21.29% vs +13.58% for VOO. Past performance does not guarantee future results.
Which is riskier, PPEM or VOO?
PPEM has been the more volatile fund at 16.7% annualized versus 14.1% for VOO. Worst drawdown: PPEM -18.4% vs VOO -34.3%.
Should I hold both PPEM and VOO?
PPEM and VOO have a monthly-return correlation of 0.68, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between PPEM and VOO?
PPEM and VOO share 0 common holdings with a 0.0% weight overlap. Combined, they hold 614 unique securities.
Which pays a higher dividend, PPEM or VOO?
PPEM yields 49.41% while VOO yields 1.09%, so PPEM currently pays the higher dividend yield.
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