PPIE vs VOO
Putnam PanAgora ESG International Equity ETF vs Vanguard S&P 500 ETF
Quick Verdict
VOO has a lower expense ratio. VOO delivered stronger 1-year returns. VOO offers more diversification with 505 holdings.
Side-by-Side Comparison
| Metric | PPIE | VOO | Winner |
|---|---|---|---|
| Expense Ratio | 0.49% | 0.03% | |
| AUM | $4M | $979.0B | |
| Dividend Yield | 12.07% | 1.09% | |
| Holdings | 142 | 509 | |
| YTD Return | +7.54% | +13.72% | |
| 1Y Return | +19.80% | +21.63% | |
| 3Y Return (annualized) | +18.19% | +21.55% | |
| 5Y Return (annualized) | - | +13.26% | |
| Volatility (annualized) | 12.1% | 14.1% | |
| Max Drawdown | -13.6% | -34.3% | |
| Fund Family | Putnam Investments | Vanguard (US) | |
| Category | Equity | Equity | |
| Inception | Jan 19, 2023 | Sep 7, 2010 |
PPIE vs VOO Performance
Putnam PanAgora ESG International Equity ETF (PPIE) is a ETF from Putnam Investments and Vanguard S&P 500 ETF (VOO) is a ETF from Vanguard (US). Over the past year PPIE returned +19.80% while VOO returned +21.63%. Year to date, PPIE is up 7.54% versus a gain of 13.72% for VOO.
Over three years, PPIE compounded at +18.19% per year against +21.55% for VOO. Across the full 3-year window we track, PPIE has the edge at +16.94% annualized vs +13.56%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
VOO has been the more volatile fund, with annualized monthly volatility of 14.1% 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 -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 0.67. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
PPIE charges 0.49% per year while VOO charges 0.03%. On a $10,000 position that is $49 vs $3 annually, a gap of $46 per year that compounds over a long holding period. On income, PPIE currently yields 12.07% against 1.09% for VOO.
Holdings Overlap
PPIE and VOO share 0 holdings out of 642 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 VOO?
PPIE has an expense ratio of 0.49% while VOO charges 0.03%. VOO is the cheaper option. On a $10,000 investment, that is $46 per year of difference.
Which performed better, PPIE or VOO?
Over the past year PPIE returned +19.80% vs +21.63% for VOO, so VOO leads on 1-year performance. Over the longest common window we track (3 years), PPIE annualized +16.94% vs +13.56% for VOO. Past performance does not guarantee future results.
Which is riskier, PPIE or VOO?
VOO has been the more volatile fund at 14.1% annualized versus 12.1% for PPIE. Worst drawdown: PPIE -13.6% vs VOO -34.3%.
Should I hold both PPIE and VOO?
PPIE and VOO have a monthly-return correlation of 0.67, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between PPIE and VOO?
PPIE and VOO share 0 common holdings with a 0.0% weight overlap. Combined, they hold 642 unique securities.
Which pays a higher dividend, PPIE or VOO?
PPIE yields 12.07% while VOO yields 1.09%, so PPIE currently pays the higher dividend yield.
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