PFUT vs. GDMA

Last updated Jun 4, 2026

PFUT (Putnam Sustainable Future ETF) and GDMA (Gadsden Dynamic Multi-Asset ETF) are both exchange-traded funds - PFUT is a Sustainable fund actively managed by Power Corporation of Canada, while GDMA is a Hedge Fund fund actively managed by Gadsden. Both are actively managed. Over the past 5 years, PFUT returned 0.95%/yr vs 7.66%/yr for GDMA. At a 0.27 correlation, their price movements are largely independent. PFUT charges 0.64%/yr vs 0.77%/yr for GDMA.

Performance

PFUT vs. GDMA - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Putnam Sustainable Future ETF (PFUT) and Gadsden Dynamic Multi-Asset ETF (GDMA). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, PFUT achieves a 4.40% return, which is significantly lower than GDMA's 11.18% return.

PFUT

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

GDMA

• 1D: 0.30%
• 1M: 1.83%
• YTD: 11.18%
• 6M: 14.08%
• 1Y: 32.26%
• 3Y*: 16.91%
• 5Y*: 7.66%
• 10Y*: —

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

PFUT vs. GDMA - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
PFUT Putnam Sustainable Future ETF	4.40%	2.22%	13.60%	29.98%	-33.60%	0.62%
GDMA Gadsden Dynamic Multi-Asset ETF	11.18%	25.29%	7.44%	1.72%	-2.08%	-1.53%

Correlation

The correlation between PFUT and GDMA is 0.55, 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	0.55
Correlation (3Y) Calculated over the trailing 3-year period	0.57
Correlation (5Y) Calculated over the trailing 5-year period	0.27
Correlation (All Time) Calculated using the full available price history since May 27, 2021	0.27

Over the past year, PFUT and GDMA have become more correlated (0.55) than their long-term average of 0.27, meaning their price movements have been converging.

PFUT vs. GDMA - Sectors Allocation Comparison

Sectors	PFUT	GDMA
Industrials	29.0%	14.4%
Consumer Cyclical	21.5%	8.8%
Technology	15.3%	23.4%
Healthcare	14.0%	5.5%
Financial Services	7.7%	14.5%
Utilities	5.8%	2.4%
Consumer Defensive	4.1%	3.5%
Basic Materials	1.1%	9.0%
Energy	0.9%	10.0%
Communication Services	0.5%	7.0%
Real Estate	-	1.6%

Return for Risk

PFUT vs. GDMA — 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

GDMA

GDMA Risk / Return Rank: 74
GDMA Sharpe Ratio Rank: 75
GDMA Sortino Ratio Rank: 70
GDMA Omega Ratio Rank: 77
GDMA Calmar Ratio Rank: 82
GDMA Martin Ratio Rank: 65

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. GDMA - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Putnam Sustainable Future ETF (PFUT) and Gadsden Dynamic Multi-Asset ETF (GDMA). 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	GDMA	Difference
Sharpe ratio: Return per unit of total volatility	0.42	2.47	-2.05
Sortino ratio: Return per unit of downside risk	0.71	3.21	-2.49
Omega ratio: Gain probability vs. loss probability	1.08	1.47	-0.38
Calmar ratio: Return relative to maximum drawdown	0.46	4.30	-3.84
Martin ratio: Return relative to average drawdown	1.33	11.92	-10.59
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

PFUT vs. GDMA - Sharpe Ratio Comparison

The current PFUT Sharpe Ratio is 0.42, which is lower than the GDMA Sharpe Ratio of 2.47. The chart below compares the historical Sharpe Ratios of PFUT and GDMA, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	PFUT	GDMA	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.42	2.47	-2.05
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.04	0.80	-0.75
Sharpe Ratio (All Time) Calculated using the full available price history	0.05	0.89	-0.84

Drawdowns

PFUT vs. GDMA - Drawdown Comparison

The maximum PFUT drawdown since its inception was -44.86%, which is greater than GDMA's maximum drawdown of -16.66%. Use the drawdown chart below to compare losses from any high point for PFUT and GDMA.

Drawdown Indicators

	PFUT	GDMA	Difference
Max Drawdown Largest peak-to-trough decline	-44.86%	-16.66%	-28.20%
Max Drawdown (1Y) Largest decline over 1 year	-14.88%	-7.53%	-7.35%
Max Drawdown (3Y) Largest decline over 3 years	-27.57%	-7.53%	-20.04%
Max Drawdown (5Y) Largest decline over 5 years	-44.86%	-12.74%	-32.12%
Current Drawdown Current decline from peak	-8.01%	-1.06%	-6.95%
Average Drawdown Average peak-to-trough decline	-21.11%	-3.78%	-17.33%
Ulcer Index Depth and duration of drawdowns from previous peaks	5.14%	2.71%	+2.43%

Volatility

PFUT vs. GDMA - Volatility Comparison

The current volatility for Putnam Sustainable Future ETF (PFUT) is 4.08%, while Gadsden Dynamic Multi-Asset ETF (GDMA) has a volatility of 6.18%. This indicates that PFUT experiences smaller price fluctuations and is considered to be less risky than GDMA based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	PFUT	GDMA	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.08%	6.18%	-2.10%
Volatility (6M) Calculated over the trailing 6-month period	12.59%	10.03%	+2.56%
Volatility (1Y) Calculated over the trailing 1-year period	16.17%	13.12%	+3.05%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	21.75%	9.67%	+12.08%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	21.71%	10.97%	+10.74%

PFUT vs. GDMA - Expense Ratio Comparison

PFUT has a 0.64% expense ratio, which is lower than GDMA's 0.77% expense ratio.

Dividends

PFUT vs. GDMA - Dividend Comparison

PFUT has not paid dividends to shareholders, while GDMA's dividend yield for the trailing twelve months is around 2.51%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019
GDMA Gadsden Dynamic Multi-Asset ETF	2.51%	2.79%	2.32%	4.14%	1.18%	2.10%	0.62%	3.17%
PFUT Putnam Sustainable Future ETF	0.00%	0.00%	0.03%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both PFUT and GDMA in my portfolio?

PFUT and GDMA have a correlation of 0.55, 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 GDMA?

GDMA has higher volatility (6.18%) compared to PFUT (4.08%). In terms of maximum drawdown, PFUT dropped -44.86% vs GDMA's -16.66%.

Which ETF is better, PFUT or GDMA?

On 5-year performance, GDMA leads with 7.66% vs 0.95% for PFUT. On fees, PFUT is cheaper at 0.64% per year. On volatility, PFUT has been the lower-risk option at 4.08%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, PFUT or GDMA?

Over the 5-year period, GDMA has performed better with a 7.66% return vs 0.95%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, PFUT or GDMA?

PFUT is cheaper with a 0.64% expense ratio, compared with 0.77% for GDMA.

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

GDMA has the higher dividend yield at 2.51%, compared with 0.00% for PFUT.

What is the main difference between PFUT and GDMA?

PFUT is categorized as Sustainable, while GDMA is Hedge Fund. They also come from different issuers: Power Corporation of Canada and Gadsden. Their fees differ too: 0.64% for PFUT and 0.77% for GDMA.

Which has better risk-adjusted returns?

GDMA currently has the higher Sharpe Ratio (2.47 vs 0.42), 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.