PLDR vs THRO
Putnam Sustainable Leaders ETF vs iShares US Thematic Rotation Active ETF
Which is better, PLDR or THRO?
Nearly the same fund. THRO costs less.
THRO has a lower expense ratio. PLDR led over 1Y, THRO over the full window. The two have moved almost in lockstep, correlation 0.97.
MarketXLS is not an investment adviser. This comparison is generated automatically from market data and is for information only. A Best mark means the better reading on that one measure, not a recommendation to buy.
Side-by-Side Comparison
| Metric | PLDR | THRO |
|---|---|---|
| Expense Ratio | 0.59% | 0.57%Best |
| AUM | $3M | $7.5B |
| Dividend Yield | 0.35% | 0.30% |
| Holdings | 56 | 251 |
| Volatility (annualized) | 17.6%Best | 18.1% |
| Max Drawdown | -28.5% | -26.5%Best |
| $10,000 over 4.5 years | $14,162 | $17,429Best |
| Fund Family | Putnam Investments | BlackRock, Inc. (US) |
| Category | Equity | Equity |
| Style | Large Cap Growth | Large Cap Growth |
| Inception | May 25, 2021 | Dec 14, 2021 |
Not shown on this pair: YTD Return, 1Y Return, 3Y Return (annualized), 5Y Return (annualized), Top 10 Weight.
The two price series end 128 days apart, so a return over any period would be measuring two different stretches of market. Those rows are withheld. PLDR has data through Jun 9, 2026 and THRO through Oct 15, 2026.
Volatility and max drawdown, and the $10,000 over 4.5 years row, are measured over the window both funds cover: Dec 16, 2021 to Jun 9, 2026 (4.5 years).
Risk: Volatility and Drawdowns
THRO has been the more volatile fund, with annualized monthly volatility of 18.1% compared with 17.6% for PLDR. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -28.5% for PLDR and -26.5% for THRO. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.97. They move almost in lockstep, so holding both mostly duplicates the same exposure.
Fees and Cost Over Time
PLDR charges 0.59% per year while THRO charges 0.57%. On a $10,000 position that is $59 vs $57 annually, a gap of $2 per year that compounds over a long holding period. On income, PLDR currently yields 0.35% against 0.30% for THRO.
Holdings Overlap
At least 46.1% of THRO's money is in holdings PLDR also owns.
Stated as a floor: for PLDR, our book for it covers 92.9% of that fund, so a holding it does not list is one we cannot count as shared. The real figure is this or higher.
The two portfolios partly overlap.
The two holdings books were reported 217 days apart, PLDR as of Feb 27, 2026 and THRO as of Oct 2, 2026, so some of the difference between them is the time between the two reports rather than the funds.
21 positions in common, counted across the 52 positions we hold weights for in PLDR and 247 in THRO, against full books of 56 and 251.
Top Shared Holdings
| Stock | Weight in PLDR | Weight in THRO | Difference |
|---|---|---|---|
| NVDANvidia Corp | 8.17% | 8.58% | 0.41% |
| AAPLApple, Inc | 8.25% | 8.21% | 0.04% |
| MSFTMicrosoft Corp | 4.63% | 6.24% | 1.61% |
| GOOGLAlphabet Inc | 6.19% | 3.79% | 2.40% |
| AMZNAmazon.Com Inc | 4.85% | 4.47% | 0.38% |
| AVGOBroadcom Inc | 3.58% | 2.11% | 1.47% |
| METAMeta Platforms Inc | 2.87% | 1.97% | 0.90% |
| WMTWalmart, Inc. | 1.33% | 2.19% | 0.86% |
| VVisa Inc-class A Shares (v) | 1.46% | 1.90% | 0.44% |
| LLYEli Lilly & Co. | 2.53% | 0.80% | 1.73% |
46.1% of THRO is already inside PLDR.
You probably hold more than these two. Add the rest and see how much of the whole book is the same companies twice.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, PLDR or THRO?
PLDR has an expense ratio of 0.59% while THRO charges 0.57%. THRO is the cheaper option, by $2 a year on a $10,000 investment.
Which is riskier, PLDR or THRO?
THRO has been the more volatile fund at 18.1% annualized versus 17.6% for PLDR. Worst drawdown: PLDR -28.5% vs THRO -26.5%.
Should I hold both PLDR and THRO?
PLDR and THRO have a monthly-return correlation of 0.97, so they move almost identically. What is left to separate them is the fee and the index each one tracks. This is information, not a recommendation.
What is the holdings overlap between PLDR and THRO?
At least 46.1% of THRO's money is in holdings PLDR also owns. Our book for PLDR is partial, so the real figure is this or higher. They hold 21 positions in common, counted across the 52 positions we hold weights for in PLDR and 247 in THRO.
Which pays a higher dividend, PLDR or THRO?
PLDR yields 0.35% while THRO yields 0.30%, so PLDR currently pays the higher dividend yield.
Is THRO better than PLDR?
THRO has a lower expense ratio. PLDR led over 1Y, THRO over the full window. The two have moved almost in lockstep, correlation 0.97. Which one suits a particular account depends on what it is for. This is information, not a recommendation.