BAVA vs PEMX

Comparison between Bitwise Avalanche ETF (BAVA, ETF) and Putnam Emerging Markets ex-China ETF (PEMX, ETF).

BAVA vs PEMX - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	BAVA(ETF)	PEMX(ETF)
Net Assets	$22M	$22M
Expense Ratio	0.34%	0.69%
Max Drawdown	36.55%	18.92%
Sharpe Ratio	-3.99	2.10
5Y Beta	2.90	0.90

Net Assets

BAVA

$22M

PEMX

$22M

Expense Ratio

Winner

BAVA

0.34%

PEMX

0.69%

Max Drawdown

BAVA

36.55%

Winner

PEMX

18.92%

Sharpe Ratio

BAVA

-3.99

Winner

PEMX

2.10

5Y Beta

BAVA

2.90

Winner

PEMX

0.90

BAVA vs PEMX - Historical Returns

Returns include dividend reinvestment.

Period	BAVA	PEMX
1 month	-33.18%	+6.96%
3 months	N/A	+27.26%
6 months	N/A	+41.78%
1 year	N/A	+65.47%
Max(CAGR)	-89.72%	+34.38%

BAVA

-33.18%

Winner

PEMX

+6.96%

BAVA

N/A

PEMX

+27.26%

BAVA

N/A

PEMX

+41.78%

BAVA

N/A

PEMX

+65.47%

Max(CAGR)

BAVA

-89.72%

Winner

PEMX

+34.38%

BAVA vs PEMX - Annual Returns (2023 - 2026)

Returns include dividend reinvestment.

Year	BAVA	PEMX
2026	-30.32%	+33.82%
2025	N/A	+33.00%
2024	N/A	+19.24%
2023	N/A	+15.12%

BAVA vs PEMX Drawdown Comparison

The maximum drawdown for BAVA was -36.55%, occurring on Jun 10, 2026. This drawdown has not yet recovered.

The maximum drawdown for PEMX was -14.91%, occurring on Apr 8, 2025. Recovery took 150 trading sessions.

The current BAVA drawdown is -35.43%. The current PEMX drawdown is -2.98%.

Rank	BAVA	PEMX
#1	-36.55% May 11, 2026 - Jun 10, 2026	-14.91% Sep 26, 2024 - May 5, 2025
#2	-8.30% Apr 16, 2026 - May 8, 2026	-14.45% Feb 25, 2026 - Apr 14, 2026
#3	N/A	-11.80% Jul 10, 2024 - Sep 26, 2024
#4	N/A	-10.86% Jul 13, 2023 - Dec 1, 2023
#5	N/A	-9.00% Jun 2, 2026 - Jun 5, 2026
#6	N/A	-6.64% May 8, 2026 - May 26, 2026
#7	N/A	-5.75% Apr 9, 2024 - May 14, 2024
#8	N/A	-4.90% Nov 3, 2025 - Dec 26, 2025
#9	N/A	-4.00% Aug 13, 2025 - Sep 10, 2025
#10	N/A	-3.68% May 24, 2024 - Jun 12, 2024
#11	N/A	-3.50% Dec 28, 2023 - Jan 24, 2024
#12	N/A	-3.40% Mar 7, 2024 - Apr 8, 2024
#13	N/A	-3.38% Jun 15, 2023 - Jul 12, 2023
#14	N/A	-3.33% Oct 8, 2025 - Oct 15, 2025
#15	N/A	-2.77% Sep 23, 2025 - Oct 3, 2025

Correlation

Correlation between BAVA and PEMX is -0.52 which considered as a moderate negative correlation - the stocks show some tendency to move in opposite directions.

-0.52

-101