PEMX vs BAVA

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

PEMX vs BAVA - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

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

Net Assets

PEMX

$22M

BAVA

$22M

Expense Ratio

PEMX

0.69%

Winner

BAVA

0.34%

Max Drawdown

Winner

PEMX

18.92%

BAVA

36.55%

Sharpe Ratio

Winner

PEMX

2.10

BAVA

-3.99

5Y Beta

Winner

PEMX

0.90

BAVA

2.90

PEMX vs BAVA - Historical Returns

Returns include dividend reinvestment.

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

Winner

PEMX

+6.96%

BAVA

-33.18%

PEMX

+27.26%

BAVA

N/A

PEMX

+41.78%

BAVA

N/A

PEMX

+65.47%

BAVA

N/A

Max(CAGR)

Winner

PEMX

+34.38%

BAVA

-89.72%

PEMX vs BAVA - Annual Returns (2023 - 2026)

Returns include dividend reinvestment.

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

PEMX vs BAVA Drawdown Comparison

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

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

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

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

Correlation

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

-0.52

-101