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PPIEvsREFAETF Comparison

ETF 1
PPIE

Putnam PanAgora ESG International Equity ETF

This fund is part of
Uncategorized Equities
+1.56%
VS
ETF 2
REFA

Columbia Research Enhanced International Equity ETF

This fund is part of
DM Large & Mid Cap
+1.12%

Putnam PanAgora ESG International Equity ETF (PPIE) belongs to the Uncategorized Equities segment. Columbia Research Enhanced International Equity ETF (REFA) is part of the DM Large & Mid Cap segment. PPIE's top 3 sector exposures are Financials, Industrials and Health Care. In contrast, REFA's top sector exposures are Industrials, Financials and Health Care. PPIE is more expensive with a Total Expense Ratio (TER) of 0.49%, versus 0.32% for REFA. PPIE is up 8.31% year-to-date (YTD) with -$272M in YTD flows. REFA performs better with 9.22% YTD performance, and +$3K in YTD flows. Run a side-by-side ETF comparison of PPIE and REFA below, and assess how they stack up in performance, liquidity, risk, exposure, holdings, and more, helping you select the best ETF for your investments.

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PPIE vs REFA performance and flow charts

Performance

-1.00.01.02.0%May 12May 19May 26Jun 2Jun 9

Cumulative Flows

-700,000-600,000-500,000-400,000-300,000-200,000-100,0000May 12May 19May 26Jun 2Jun 9

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Daily, global ETF data for advanced analysis or integration into apps (API), from our partner Trackinsight.

Historic performance and flows
Data as of 06/12/2026
1M3MYTD1Y3Y5Y
Perf.
PPIE
REFA
+0.78%+2.40%
+8.41%+5.89%
+8.31%+9.22%
+19.73%n/a
+64.86%n/a
n/an/a
Flows
PPIE
REFA
-$697K-
-$6M+$3K
-$272M+$3K
-$264M-
-$186M-
--
Volatility and drawdown
3M1Y3Y5Y
Volatility
PPIE
REFA
+15.87%+17.79%
+13.13%n/a
+14.52%n/a
n/an/a
Max drawdown
PPIE
REFA
-4.24%-4.13%
-11.71%n/a
-14.37%n/a
n/an/a
Max drawdown duration
PPIE
REFA
21d53d
85dn/a
36dn/a
n/an/a
Trading data

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PPIE
REFA
Last sale
6/12/2026 at 1:30 PM
$28.10
Previous close
06/09/2026
$28.10
Consolidated volume
06/09/2026
Average volume
30 days
Average discount or premium
30 days
Average Bid/Ask spread
30 days
Replication quality
Data as of May 29, 2026
1-year trailing difference

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PPIE
is actively managed and doesn’t replicate an index

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PPIE
REFA
Tracking error
Tracking difference
1 year cumulative return difference
Best
Worst
Daily return difference
Average
Worst
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Main metrics
Last update 6/12/2026 at 1:30 PM
Live
Closed
PPIE
REFA
Last price
$28.10
1D performance
+0.00%
AuM$3.51 M$5.60 M
E/R0.49%0.32%
Characteristics
PPIE
REFA
Management strategyActivePassive
ProviderPutnamColumbia Threadneedle Investments
Benchmark-Beta Advantage Research Enhanced International Equity Index
N° of holdings122180
Asset class--
Trailing 12m distribution yield
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Inception dateJanuary 20, 2023December 11, 2025
ESGYesNo
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Exposure

Countries

PPIE
Japan
27.09%
France
12%
United Kingdom
10.9%
Germany
7.05%
Other
42.96%
REFA
Japan
23.15%
United Kingdom
15.37%
Germany
8.78%
France
8.72%
Australia
8.2%
Other
35.78%

Sectors

PPIE
Financials
22.04%
Industrials
20.81%
Health Care
9.88%
Consumer Discreti.
8.79%
Other
38.48%
REFA
Industrials
22.46%
Financials
18.23%
Health Care
9.98%
Materials
8.63%
Other
40.7%
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Diversification

PPIE

Total weight of top 15 holdings out of 15

31.82%
REFA

Total weight of top 15 holdings out of 15

32.32%

Top 15 holdings

Data as of April 30, 2026
PPIE
USN070592100
3.35%
NOVARTIS
2.96%
INTESA SANPAOLO
2.79%
TESCO
2.61%
SONY GROUP CORPORATION
2.53%
VINCI
2.43%
ITOCHU
2.08%
FANUC
2.06%
SHELL PLC
1.94%
SIEMENS
1.75%
3I GROUP
1.65%
MITSUI
1.56%
NEC
1.46%
MITSUBISHI UFJ FINANCIAL GROUP
1.35%
BHP GROUP LTD
1.30%
REFA
ASML HOLDING
5.28%
BHP GROUP LTD
3.45%
NOVARTIS
3.24%
HITACHI
2.48%
SHELL PLC
2.14%
ASTRAZENECA
2.06%
SIEMENS ENERGY AG
2.05%
SONY GROUP CORPORATION
2.03%
MITSUBISHI
1.67%
DEUTSCHE TELEKOM AG
1.48%
SAFRAN
1.41%
BNP PARIBAS
1.31%
RECRUIT HLDGS CO LTD
1.27%
TOKIO MARINE HOLDINGS
1.25%
BRITISH AMERICAN TOBACCO
1.20%
Frequently asked questions about PPIE and REFA

How have the PPIE and REFA ETFs performed in 2026?

As of June 12, 2026, PPIE is up 8.31% year-to-date (YTD), while REFA has returned 9.22%. That puts REFA better performer ahead so far this year.

Which ETF is attracting more investor money: PPIE or REFA?

Year-to-date, the PPIE ETF saw -$272M in flows, compared to +$3K for REFA.

Which ETF is bigger: PPIE or REFA?

As of June 12, 2026, PPIE holds $3.51 M in assets under management (AUM), while REFA manages $5.60 M.

What sectors do the PPIE and REFA ETFs invest in?

PPIE leans toward sectors like Financials, Industrials and Health Care. Meanwhile, REFA focuses on Industrials, Financials and Health Care.

What are the top holdings of the PPIE ETF and REFA ETF?

PPIE top holdings include USN070592100, NOVARTIS and INTESA SANPAOLO. REFA holds in its top three: ASML HOLDING, BHP GROUP LTD and NOVARTIS.

Which ETF is more diversified: PPIE or REFA?

PPIE holds 124 securities with 31.82% of its assets in the top 15. REFA has 182 securities and a top 15 weight of 32.32%.

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