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PPIEvsREFAETF Comparison

ETF 1

PPIE

Putnam PanAgora ESG International Equity ETF

This fund is part of

Uncategorized Equities

-0.17%

Full PPIE fund page

VS

ETF 2

REFA

Columbia Research Enhanced International Equity ETF

This fund is part of

DM Large & Mid Cap

-0.24%

Full REFA fund page

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 3.17% year-to-date (YTD) with -$271M in YTD flows. REFA performs better with 6.02% YTD performance, and +$2K 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

Cumulative Flows

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Data Services

Historic performance and flows

Data as of 04/27/2026

		1M	3M	YTD	1Y	3Y	5Y
Perf.	PPIE REFA	+7.05%+4.90%	-1.79%+0.77%	+3.17%+6.02%	+21.72%n/a	+57.57%n/a	n/an/a
Flows	PPIE REFA	-$2M-	-$280M+$2K	-$271M+$2K	-$255M-	-$185M-	--

Volatility and drawdown

		3M	1Y	3Y	5Y
Volatility	PPIE REFA	+18.14%+20.47%	+12.88%n/a	+14.48%n/a	n/an/a
Max drawdown	PPIE REFA	-11.71%-10.47%	-11.71%n/a	-14.37%n/a	n/an/a
Max drawdown duration	PPIE REFA	57d54d	57dn/a	36dn/a	n/an/a

Trading data

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	PPIE	REFA
Last sale 4/27/2026 at 1:30 PM	$26.73
Previous close 04/27/2026	$26.77
Consolidated volume 04/27/2026
Average volume 30 days
Average discount or premium 30 days
Average Bid/Ask spread 30 days

Replication quality

Data as of March 31, 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

Main metrics

Last update 4/27/2026 at 1:30 PM

Live

Closed

	PPIE	REFA
Last price	$26.73	–
1D performance	-0.13%	–
AuM	$4.02 M	$5.43 M
E/R	0.49%	0.32%

Characteristics

	PPIE	REFA
Management strategy	Active	Passive
Provider	Putnam	Columbia Threadneedle Investments
Benchmark	-	Beta Advantage Research Enhanced International Equity Index
N° of holdings	127	184
Asset class	-	-
Trailing 12m distribution yield	Join	Join
Inception date	January 20, 2023	December 11, 2025
ESG	Yes	No

More PPIE data on Trackinsight

More REFA data on Trackinsight

Exposure

Countries

PPIE

Japan

25.25%

France

12.19%

United Kingdom

11.39%

Switzerland

7.56%

Other

43.61%

REFA

Japan

23.77%

United Kingdom

16.06%

Germany

8.78%

France

8.69%

Switzerland

7.71%

Australia

7.64%

Other

27.35%

Sectors

PPIE

Financials

21.64%

Industrials

19.97%

Health Care

10.4%

Consumer Discreti.

8.64%

Other

39.35%

REFA

Industrials

21.86%

Financials

18.1%

Health Care

10.68%

Materials

7.34%

Other

42.02%

Diversification

PPIE

Total weight of top 15 holdings out of 15

32.08%

REFA

Total weight of top 15 holdings out of 15

34.39%

Top 15 holdings

Data as of March 31, 2026

PPIE

USN070592100

3.46%

NOVARTIS

3.37%

TESCO

2.73%

INTESA SANPAOLO

2.69%

VINCI

2.62%

SONY GROUP CORPORATION

2.60%

ITOCHU

2.26%

SHELL PLC

2.26%

3I GROUP

1.67%

MITSUI

1.57%

SIEMENS

1.53%

FANUC

1.51%

MITSUBISHI UFJ FINANCIAL GROUP

1.34%

BHP GROUP LTD

1.24%

SAINT-GOBAIN

1.23%

REFA

ASML HOLDING

4.98%

NOVARTIS

3.47%

CH1499059983

3.33%

BHP GROUP LTD

3.08%

SHELL PLC

2.38%

ASTRAZENECA

2.19%

HITACHI

2.17%

SONY GROUP CORPORATION

2.14%

MITSUBISHI

1.94%

DEUTSCHE TELEKOM AG

1.79%

SIEMENS ENERGY AG

1.68%

SAFRAN

1.46%

TOKIO MARINE HOLDINGS

1.33%

BRITISH AMERICAN TOBACCO

1.25%

BNP PARIBAS

1.20%

Frequently asked questions about PPIE and REFA

PPIEvsREFAETF Comparison

Putnam PanAgora ESG International Equity ETF

Columbia Research Enhanced International Equity ETF

PPIE vs REFA performance and flow charts

Performance

Cumulative Flows

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Countries

Sectors

Diversification

Top 15 holdings

How have the PPIE and REFA ETFs performed in 2026?

As of April 27, 2026, PPIE is up 3.17% year-to-date (YTD), while REFA has returned 6.02%. 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 -$271M in flows, compared to +$2K for REFA.

Which ETF is bigger: PPIE or REFA?

As of April 27, 2026, PPIE holds $4.02 M in assets under management (AUM), while REFA manages $5.43 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 TESCO. REFA holds in its top three: ASML HOLDING, NOVARTIS and CH1499059983.

Which ETF is more diversified: PPIE or REFA?

PPIE holds 133 securities with 32.08% of its assets in the top 15. REFA has 192 securities and a top 15 weight of 34.39%.

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