PFUT vs. DWAT

Last updated Jun 4, 2026

PFUT (Putnam Sustainable Future ETF) and DWAT (Arrow DWA Tactical: Macro ETF) are both exchange-traded funds - PFUT is a Sustainable fund actively managed by Power Corporation of Canada, while DWAT is a Tactical Allocation fund actively managed by Arrow Funds. Both are actively managed. PFUT charges 0.64%/yr vs 1.83%/yr for DWAT.

Performance

PFUT vs. DWAT - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Putnam Sustainable Future ETF (PFUT) and Arrow DWA Tactical: Macro ETF (DWAT). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

PFUT

• 1D: -0.60%
• 1M: 4.24%
• YTD: 4.40%
• 6M: 1.67%
• 1Y: 6.81%
• 3Y*: 12.28%
• 5Y*: 0.95%
• 10Y*: —

DWAT

• 1D: 0.00%
• 1M: 0.00%
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

PFUT vs. DWAT - Yearly Performance Comparison

	2026 (YTD)
PFUT Putnam Sustainable Future ETF	7.44%
DWAT Arrow DWA Tactical: Macro ETF	0.00%

PFUT vs. DWAT - Sectors Allocation Comparison

Sectors	PFUT	DWAT
Industrials	29.0%	25.1%
Consumer Cyclical	21.5%	5.2%
Technology	15.3%	10.2%
Healthcare	14.0%	5.3%
Financial Services	7.7%	27.2%
Utilities	5.8%	5.3%
Consumer Defensive	4.1%	6.5%
Basic Materials	1.1%	2.6%
Energy	0.9%	4.2%
Communication Services	0.5%	3.4%
Real Estate	-	5.1%

Return for Risk

PFUT vs. DWAT — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

PFUT

PFUT Risk / Return Rank: 15
PFUT Sharpe Ratio Rank: 15
PFUT Sortino Ratio Rank: 15
PFUT Omega Ratio Rank: 15
PFUT Calmar Ratio Rank: 15
PFUT Martin Ratio Rank: 15

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

PFUT vs. DWAT - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Putnam Sustainable Future ETF (PFUT) and Arrow DWA Tactical: Macro ETF (DWAT). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

	PFUT	DWAT	Difference
Sharpe ratio: Return per unit of total volatility	0.42	—	—
Sortino ratio: Return per unit of downside risk	0.71	—	—
Omega ratio: Gain probability vs. loss probability	1.08	—	—
Calmar ratio: Return relative to maximum drawdown	0.46	—	—
Martin ratio: Return relative to average drawdown	1.33	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	PFUT	DWAT	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.42	—	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.04	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.05	—	—

Drawdowns

PFUT vs. DWAT - Drawdown Comparison

The maximum PFUT drawdown since its inception was -44.86%, which is greater than DWAT's maximum drawdown of 0.00%. Use the drawdown chart below to compare losses from any high point for PFUT and DWAT.

Drawdown Indicators

	PFUT	DWAT	Difference
Max Drawdown Largest peak-to-trough decline	-44.86%	0.00%	-44.86%
Max Drawdown (1Y) Largest decline over 1 year	-14.88%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-27.57%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-44.86%	—	—
Current Drawdown Current decline from peak	-8.01%	0.00%	-8.01%
Average Drawdown Average peak-to-trough decline	-21.11%	0.00%	-21.11%
Ulcer Index Depth and duration of drawdowns from previous peaks	5.14%	—	—

Volatility

Volatility by Period

	PFUT	DWAT	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.08%	—	—
Volatility (6M) Calculated over the trailing 6-month period	12.59%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	16.17%	0.00%	+16.17%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	21.75%	0.00%	+21.75%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	21.71%	0.00%	+21.71%

PFUT vs. DWAT - Expense Ratio Comparison

PFUT has a 0.64% expense ratio, which is lower than DWAT's 1.83% expense ratio.

Dividends

PFUT vs. DWAT - Dividend Comparison

Neither PFUT nor DWAT has paid dividends to shareholders.

Position	TTM	2025	2024
DWAT Arrow DWA Tactical: Macro ETF	0.00%	0.00%	0.00%
PFUT Putnam Sustainable Future ETF	0.00%	0.00%	0.03%

Frequently Asked Questions

Which ETF is better, PFUT or DWAT?

On fees, PFUT is cheaper at 0.64% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, PFUT or DWAT?

PFUT is cheaper with a 0.64% expense ratio, compared with 1.83% for DWAT.

Which ETF pays a higher dividend yield, PFUT or DWAT?

PFUT and DWAT have nearly identical dividend yields, around 0.00%.

What is the main difference between PFUT and DWAT?

PFUT is categorized as Sustainable, while DWAT is Tactical Allocation. They also come from different issuers: Power Corporation of Canada and Arrow Funds. Their fees differ too: 0.64% for PFUT and 1.83% for DWAT.