PPIE vs VYM
Putnam PanAgora ESG International Equity ETF vs Vanguard High Dividend Yield ETF
Quick Verdict
VYM has a lower expense ratio. VYM delivered stronger 1-year returns. VYM offers more diversification with 558 holdings.
Side-by-Side Comparison
| Metric | PPIE | VYM | Winner |
|---|---|---|---|
| Expense Ratio | 0.49% | 0.04% | |
| AUM | $4M | $79.0B | |
| Dividend Yield | 12.07% | 2.86% | |
| Holdings | 142 | 568 | |
| YTD Return | +7.54% | +16.16% | |
| 1Y Return | +19.80% | +26.05% | |
| 3Y Return (annualized) | +18.19% | +18.43% | |
| 5Y Return (annualized) | - | +12.21% | |
| Volatility (annualized) | 12.1% | 14.6% | |
| Max Drawdown | -13.6% | -58.8% | |
| Fund Family | Putnam Investments | Vanguard (US) | |
| Category | Equity | Equity | |
| Inception | Jan 19, 2023 | Nov 10, 2006 |
PPIE vs VYM Performance
Putnam PanAgora ESG International Equity ETF (PPIE) is a ETF from Putnam Investments and Vanguard High Dividend Yield ETF (VYM) is a ETF from Vanguard (US). Over the past year PPIE returned +19.80% while VYM returned +26.05%. Year to date, PPIE is up 7.54% versus a gain of 16.16% for VYM.
Over three years, PPIE compounded at +18.19% per year against +18.43% for VYM. Across the full 3-year window we track, PPIE has the edge at +16.94% annualized vs +7.09%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
VYM has been the more volatile fund, with annualized monthly volatility of 14.6% 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 -58.8% for VYM. 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 0.73. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
PPIE charges 0.49% per year while VYM charges 0.04%. On a $10,000 position that is $49 vs $4 annually, a gap of $45 per year that compounds over a long holding period. On income, PPIE currently yields 12.07% against 2.86% for VYM.
Holdings Overlap
PPIE and VYM share 0 holdings out of 695 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 VYM?
PPIE has an expense ratio of 0.49% while VYM charges 0.04%. VYM is the cheaper option. On a $10,000 investment, that is $45 per year of difference.
Which performed better, PPIE or VYM?
Over the past year PPIE returned +19.80% vs +26.05% for VYM, so VYM leads on 1-year performance. Over the longest common window we track (3 years), PPIE annualized +16.94% vs +7.09% for VYM. Past performance does not guarantee future results.
Which is riskier, PPIE or VYM?
VYM has been the more volatile fund at 14.6% annualized versus 12.1% for PPIE. Worst drawdown: PPIE -13.6% vs VYM -58.8%.
Should I hold both PPIE and VYM?
PPIE and VYM have a monthly-return correlation of 0.73, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between PPIE and VYM?
PPIE and VYM share 0 common holdings with a 0.0% weight overlap. Combined, they hold 695 unique securities.
Which pays a higher dividend, PPIE or VYM?
PPIE yields 12.07% while VYM yields 2.86%, so PPIE currently pays the higher dividend yield.
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