PFUT vs. EFFE

Last updated Jun 23, 2026

PFUT (Putnam Sustainable Future ETF) and EFFE (Harbor Osmosis Emerging Markets Resource Efficient ETF) are both exchange-traded funds - PFUT is a Sustainable fund actively managed by Power Corporation of Canada, while EFFE is a Emerging Markets Diversified fund actively managed by Harbor. Both are actively managed. Over the past year, PFUT returned 6.56% vs 38.45% for EFFE. A 0.60 correlation means they provide meaningful diversification when combined. PFUT charges 0.64%/yr vs 0.69%/yr for EFFE.

Performance

PFUT vs. EFFE - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Putnam Sustainable Future ETF (PFUT) and Harbor Osmosis Emerging Markets Resource Efficient ETF (EFFE). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, PFUT achieves a 2.26% return, which is significantly lower than EFFE's 24.70% return.

PFUT

• 1D: 0.13%
• 1M: 0.38%
• YTD: 2.26%
• 6M: 0.24%
• 1Y: 6.56%
• 3Y*: 11.54%
• 5Y*: 0.18%
• 10Y*: —

EFFE

• 1D: -0.23%
• 1M: 6.16%
• YTD: 24.70%
• 6M: 25.40%
• 1Y: 38.45%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

PFUT vs. EFFE - Yearly Performance Comparison

	2026 (YTD)	2025	2024
PFUT Putnam Sustainable Future ETF	2.26%	2.22%	-1.24%
EFFE Harbor Osmosis Emerging Markets Resource Efficient ETF	24.70%	22.42%	-0.84%

Correlation

The correlation between PFUT and EFFE is 0.62, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.62
Correlation (All Time) Calculated using the full available price history since Dec 19, 2024	0.60

The correlation between PFUT and EFFE has been stable across timeframes, ranging from 0.60 to 0.62 - a consistent structural relationship.

Return for Risk

PFUT vs. EFFE — Risk / Return Rank

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

PFUT

PFUT Risk / Return Rank: 12
PFUT Sharpe Ratio Rank: 12
PFUT Sortino Ratio Rank: 11
PFUT Omega Ratio Rank: 11
PFUT Calmar Ratio Rank: 12
PFUT Martin Ratio Rank: 12

EFFE

EFFE Risk / Return Rank: 55
EFFE Sharpe Ratio Rank: 53
EFFE Sortino Ratio Rank: 49
EFFE Omega Ratio Rank: 55
EFFE Calmar Ratio Rank: 58
EFFE Martin Ratio Rank: 59

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. EFFE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Putnam Sustainable Future ETF (PFUT) and Harbor Osmosis Emerging Markets Resource Efficient ETF (EFFE). 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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	PFUT	EFFE	Difference
Sharpe ratio: Return per unit of total volatility	0.27	1.76	-1.49
Sortino ratio: Return per unit of downside risk	0.50	2.36	-1.86
Omega ratio: Gain probability vs. loss probability	1.06	1.33	-0.28
Calmar ratio: Return relative to maximum drawdown	0.30	2.81	-2.51
Martin ratio: Return relative to average drawdown	0.86	10.18	-9.32

PFUT vs. EFFE - Sharpe Ratio Comparison

The current PFUT Sharpe Ratio is 0.27, which is lower than the EFFE Sharpe Ratio of 1.76. The chart below compares the historical Sharpe Ratios of PFUT and EFFE, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

PFUT vs. EFFE - Drawdown Comparison

The maximum PFUT drawdown since its inception was -44.86%, which is greater than EFFE's maximum drawdown of -13.75%. Use the drawdown chart below to compare losses from any high point for PFUT and EFFE.

Drawdown Indicators

	PFUT	EFFE	Difference
Max Drawdown Largest peak-to-trough decline	-44.86%	-13.75%	-31.11%
Max Drawdown (1Y) Largest decline over 1 year	-14.88%	-13.75%	-1.13%
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	-9.90%	-3.67%	-6.23%
Average Drawdown Average peak-to-trough decline	-21.06%	-2.11%	-18.95%
Ulcer Index Depth and duration of drawdowns from previous peaks	5.15%	3.79%	+1.36%

Volatility

PFUT vs. EFFE - Volatility Comparison

The current volatility for Putnam Sustainable Future ETF (PFUT) is 4.56%, while Harbor Osmosis Emerging Markets Resource Efficient ETF (EFFE) has a volatility of 11.45%. This indicates that PFUT experiences smaller price fluctuations and is considered to be less risky than EFFE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	PFUT	EFFE	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.56%	11.45%	-6.89%
Volatility (6M) Calculated over the trailing 6-month period	12.80%	19.82%	-7.02%
Volatility (1Y) Calculated over the trailing 1-year period	16.31%	21.98%	-5.67%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	21.76%	20.98%	+0.78%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	21.69%	20.98%	+0.71%

PFUT vs. EFFE - Expense Ratio Comparison

PFUT has a 0.64% expense ratio, which is lower than EFFE's 0.69% expense ratio.

Dividends

PFUT vs. EFFE - Dividend Comparison

PFUT has not paid dividends to shareholders, while EFFE's dividend yield for the trailing twelve months is around 3.76%.

Position	TTM	2025	2024
EFFE Harbor Osmosis Emerging Markets Resource Efficient ETF	3.76%	4.69%	0.00%
PFUT Putnam Sustainable Future ETF	0.00%	0.00%	0.03%

Frequently Asked Questions

Can I hold both PFUT and EFFE in my portfolio?

PFUT and EFFE have a correlation of 0.62, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, PFUT or EFFE?

EFFE has higher volatility (11.45%) compared to PFUT (4.56%). In terms of maximum drawdown, PFUT dropped -44.86% vs EFFE's -13.75%.

Which ETF is better, PFUT or EFFE?

On 1-year performance, EFFE leads with 38.45% vs 6.56% for PFUT. On fees, PFUT is cheaper at 0.64% per year. On volatility, PFUT has been the lower-risk option at 4.56%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, PFUT or EFFE?

Over the 1-year period, EFFE has performed better with a 38.45% return vs 6.56%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, PFUT or EFFE?

PFUT is cheaper with a 0.64% expense ratio, compared with 0.69% for EFFE.

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

EFFE has the higher dividend yield at 3.76%, compared with 0.00% for PFUT.

What is the main difference between PFUT and EFFE?

PFUT is categorized as Sustainable, while EFFE is Emerging Markets Diversified. They also come from different issuers: Power Corporation of Canada and Harbor. Their fees differ too: 0.64% for PFUT and 0.69% for EFFE.

Which has better risk-adjusted returns?

EFFE currently has the higher Sharpe Ratio (1.76 vs 0.27), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.