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BGEG vs PEMX

Baillie Gifford Emerging Markets ETF

BGEGDNasdaq

Putnam Emerging Markets Ex-China ETF

PEMXCNYSE Arca

Overlap

Expense ratio

PEMX −0.09pt a year

BGEG0.79%PEMX0.70%

Avg volume · 30D

BGEG 9.7×the volume

BGEG13.7KPEMX1.41K

BGEG vs PEMX Performance

Jul 31, 2026 – Oct 30, 2026

−8.7%BGEG−4.9%PEMX

Jul 31, 2026 to Oct 30, 2026. BGEG −8.7%. PEMX −4.9%. Use the arrow keys to read each point.0%5%10%Jul 2026Sep 2026Oct 2026
Expense ratio
BGEG 0.79%
PEMX 0.70%, better
Fund size
BGEG $13M
PEMX $30M
1Y total return
BGEG No data
PEMX +23.2%
Yield (12M)
BGEG No data
PEMX 5.83%
Holdings
BGEG 75
PEMX 55
Avg volume (30D)
BGEG 13.7K sh, better
PEMX 1.41K sh
NAV per share
BGEG $21.40
PEMX $78.33
52W range

ETF.net Grade

BGEG: Cost 37, Risk 18, Mission not scored, Tradability 63, Holdings 61, Durability 11. PEMX: Cost 58, Risk 52, Mission 100, Tradability 19, Holdings 43, Durability 63.
Pillar letters and Scores for BGEG, PEMX, with each pillar’s weight
PillarBGEGPEMX
Cost30% weightD37B58Higher
Mission25% weightNot scoredA100
Risk15% weightF18C52Higher
Tradability15% weightB63HigherF19
Holdings10% weightB61HigherC43
Durability5% weightF11B63Higher

Rank among Emerging Markets Active Growth funds

How we build Categories ›
Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

Same Category. BGEG and PEMX are both graded against the same 9 Emerging Markets Active Growth funds, so their Grades compare head to head.

Emerging Markets Active Growth⁠

Category · 9 funds
See all 9 ›

PEMX ranks 4th and BGEG 6th of 9 funds in the Emerging Markets Active Growth Category.

  1. Rank 1ACGNGCapital Group New Geography Equity ETFScore 77
  2. Rank 2AFFEMFidelity Fundamental Emerging Markets ETFScore 74
  3. Rank 3CEMMGlobal X Emerging Markets ex-China ETFScore 53
  4. Rank 4CPEMXPutnam Emerging Markets Ex-China ETFScore 47
  5. Rank 5CBCEMBaron Emerging Markets Select ETFScore 41
  6. Rank 6DBGEGBaillie Gifford Emerging Markets ETFScore 39
  7. Rank 7DWCMEFirst Trust WCM Developing World Equity ETFScore 36

Our read on each fund

ETF.net Research

BGEGDBaillie Gifford Emerging Markets ETF

PEMXCPutnam Emerging Markets Ex-China ETF

In short

BGEG Edinburgh's patient growth house put its emerging markets strategy into an ETF wrapper in 2026: a concentrated book of high-conviction names, frontier markets in scope, stock-picked rather than copied from the MSCI index.

PEMX China swamps most emerging-market funds. PEMX cuts it out entirely and runs an active, roughly 60-stock book across the rest of the developing world, priced well below the typical active EM manager.

Stated mandate

BGEG The Fund seeks capital appreciation through an actively managed portfolio of common stocks and other equity securities issued by companies in emerging and frontier markets. It normally invests at least 80% of net assets in equity securities of companies from countries represented in the MSCI Emerging Markets Index.

PEMX The fund seeks long-term capital appreciation. It invests primarily in emerging-market common stocks outside China and Hong Kong, using active fundamental research to identify companies with favorable investment potential.

Why people hold it

  • BGEG Genuinely active: a 60 to 100 stock portfolio across emerging and frontier markets, with the MSCI Emerging Markets Index as a starting universe rather than a blueprint.bailliegifford.com
  • The mandate reaches past the MSCI EM roster into frontier markets, while keeping at least 80% of net assets in companies from index countries.sec.gov
  • At 0.79%, the fee sits right at the median of its active emerging markets growth peer group. No brand premium attached.
  • The manager is an independent partnership founded in 1908 that has run emerging markets money since 1994, and says it intends low turnover here.bailliegifford.combusinesswire.combailliegifford.com 2
  • PEMX 0.70% a year against a 0.95% median for its active peer group. Cheap freight for a stock-picking mandate.
  • About 60 names, not 600. Concentrated enough that the managers' calls actually show up in the portfolio.
  • Does what the label says: an ex-China portfolio measured against the MSCI Emerging Markets ex-China Index, with no China drift in the holdings.franklintempleton.com
  • Trading since 2023 under Franklin Templeton, and it sits in the upper half of the small group of active EM ex-China funds we track.

Worth knowing

  • BGEG A June 2026 launch with modest assets and light trading so far: little history to judge, and spreads can run wider than in the giant index EM funds.
  • Roughly 70 growth names means results can diverge sharply from the MSCI EM index in either direction, and the objective is capital appreciation, not income.
  • Cheaper active options share the shelf, including FFEM at 0.60% and CGNG at 0.64%, both drawing on longer-running research teams.
  • PEMX Not the cheapest door into ex-China: Global X's EMM charges 0.66%.
  • Small and thinly traded. Spreads can widen, so limit orders do the heavy lifting.
  • Zero China by design, so results diverge from a broad EM fund and any China sleeve has to come from somewhere else.franklintempleton.com

Full BGEG profile⁠

Full PEMX profile⁠

BGEG vs PEMX Holdings

How we measure overlap

Each holding counts at its smaller weight in the two funds, summed over the full Holdings. Sector, country and asset class use the same rule on each fund’s split. Cash, FX and derivative lines stay out of the counts. Two bond funds get no overlap figure.

BGEG vs PEMX Cost

Overpaying BGEG vs PEMX

$1,568

On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.

  • BGEG 0.79%

    $15,174

  • PEMX 0.70%

    $13,606

$10,000
30 years

Cost over time

  • BGEG 0.79%
  • PEMX 0.70%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$5K$10K$15K$20K051015202530BGEG $15,174PEMX $13,606

Year by year

YearBGEGPEMXOverpaying
10$1,405$1,250$155
20$5,331$4,760$571
30$15,174$13,606$1,568

Expense ratio

  • 0.79%BGEG
  • 0.70%PEMX, cheaper
  • Middle half of Emerging Markets Active Growth funds
  • Median 0.79%

PEMX 4th cheapest of 9 funds

BGEG 5th cheapest of 9 funds

BGEG vs PEMX Dividends

Last 12 months to Oct 30, 2026
Yield (12M)
BGEG No data
PEMX 5.83%
Payout (12M)
BGEG None
PEMX $4.50
Last payment
BGEG No data
PEMX $4.50
Ex-dividend
BGEG No data
PEMX Dec 19, 2025
Paid on
BGEG No data
PEMX Dec 23, 2025
Frequency
BGEG No data
PEMX Annual

Distribution history

Per share, 2023 to 2026, same scale for both

BGEGAll BGEG payments⁠

No distribution history available.

PEMXAnnual · 3 paymentsAll PEMX payments⁠
One bar per payment. 3 payments from 2023 to 2026 YTD. Dec 26, 2023 $0.33; Dec 27, 2024 $2.57; Dec 19, 2025 $4.50. Use the arrow keys to read each point.$0$520232026YTD

BGEG vs PEMX Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years
BGEG No dataPEMX 19.8%
Return per unit of riskSharpe ratio, 3 years
BGEG No dataPEMX 1.21
Worst fallMax drawdown, 5 years
BGEG No dataPEMX −19.0%since May 2023
Market sensitivityBeta, 5 years
BGEG 1.83PEMX 1.18

BGEG and PEMX in the news

All news⁠

Popular comparisons

  • BGEGDvsCGNGA

    Baillie Gifford Emerging Markets ETF · Capital Group New Geography Equity ETF

    Expense ratio
    0.79% · 0.64%
    Category
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  • PEMXCvsCGNGA

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    Category
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