PPIE vs QQQ
Putnam PanAgora ESG International Equity ETF vs Invesco QQQ Trust, Series 1
Quick Verdict
QQQ has a lower expense ratio. QQQ delivered stronger 1-year returns. PPIE offers more diversification with 142 holdings.
Side-by-Side Comparison
| Metric | PPIE | QQQ | Winner |
|---|---|---|---|
| Expense Ratio | 0.49% | 0.18% | |
| AUM | $4M | $496.3B | |
| Dividend Yield | 12.07% | 0.44% | |
| Holdings | 142 | 108 | |
| YTD Return | +7.54% | +16.23% | |
| 1Y Return | +19.80% | +26.23% | |
| 3Y Return (annualized) | +18.19% | +25.75% | |
| 5Y Return (annualized) | - | +14.78% | |
| Volatility (annualized) | 12.1% | 30.6% | |
| Max Drawdown | -13.6% | -83.0% | |
| Fund Family | Putnam Investments | Invesco (US) | |
| Category | Equity | Equity | |
| Inception | Jan 19, 2023 | Mar 10, 1999 |
PPIE vs QQQ Performance
Putnam PanAgora ESG International Equity ETF (PPIE) is a ETF from Putnam Investments and Invesco QQQ Trust, Series 1 (QQQ) is a ETF from Invesco (US). Over the past year PPIE returned +19.80% while QQQ returned +26.23%. Year to date, PPIE is up 7.54% versus a gain of 16.23% for QQQ.
Over three years, PPIE compounded at +18.19% per year against +25.75% for QQQ. Across the full 3-year window we track, PPIE has the edge at +16.94% annualized vs +13.02%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
QQQ has been the more volatile fund, with annualized monthly volatility of 30.6% compared with 12.1% for PPIE. 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 -13.6% for PPIE and -83.0% for QQQ. 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 0.49. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
PPIE charges 0.49% per year while QQQ charges 0.18%. On a $10,000 position that is $49 vs $18 annually, a gap of $31 per year that compounds over a long holding period. On income, PPIE currently yields 12.07% against 0.44% for QQQ.
Holdings Overlap
PPIE and QQQ share 0 holdings out of 239 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, PPIE or QQQ?
PPIE has an expense ratio of 0.49% while QQQ charges 0.18%. QQQ is the cheaper option. On a $10,000 investment, that is $31 per year of difference.
Which performed better, PPIE or QQQ?
Over the past year PPIE returned +19.80% vs +26.23% for QQQ, so QQQ leads on 1-year performance. Over the longest common window we track (3 years), PPIE annualized +16.94% vs +13.02% for QQQ. Past performance does not guarantee future results.
Which is riskier, PPIE or QQQ?
QQQ has been the more volatile fund at 30.6% annualized versus 12.1% for PPIE. Worst drawdown: PPIE -13.6% vs QQQ -83.0%.
Should I hold both PPIE and QQQ?
PPIE and QQQ have a monthly-return correlation of 0.49, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between PPIE and QQQ?
PPIE and QQQ share 0 common holdings with a 0.0% weight overlap. Combined, they hold 239 unique securities.
Which pays a higher dividend, PPIE or QQQ?
PPIE yields 12.07% while QQQ yields 0.44%, so PPIE currently pays the higher dividend yield.
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