PFUT vs. THY

Last updated Jun 24, 2026

PFUT (Putnam Sustainable Future ETF) and THY (Agility Shares Dynamic Tactical Income ETF) are both exchange-traded funds - PFUT is a Sustainable fund actively managed by Power Corporation of Canada, while THY is a High Yield Bonds fund actively managed by Toews Corp.. Both are actively managed. Over the past 5 years, PFUT returned 0.18%/yr vs 1.67%/yr for THY. At a 0.46 correlation, their price movements are largely independent. PFUT charges 0.64%/yr vs 1.36%/yr for THY.

Performance

PFUT vs. THY - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Putnam Sustainable Future ETF (PFUT) and Agility Shares Dynamic Tactical Income ETF (THY). 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 higher than THY's 0.80% return.

PFUT

• 1D: 0.13%
• 1M: 0.38%
• YTD: 2.26%
• 6M: 0.79%
• 1Y: 5.74%
• 3Y*: 11.54%
• 5Y*: 0.18%
• 10Y*: —

THY

• 1D: -0.02%
• 1M: 0.62%
• YTD: 0.80%
• 6M: 1.07%
• 1Y: 3.58%
• 3Y*: 5.47%
• 5Y*: 1.67%
• 10Y*: —

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

PFUT vs. THY - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
PFUT Putnam Sustainable Future ETF	2.26%	2.22%	13.60%	29.98%	-33.60%	0.60%
THY Agility Shares Dynamic Tactical Income ETF	0.80%	4.44%	5.38%	4.97%	-5.62%	-0.24%

Correlation

The correlation between PFUT and THY is 0.56, 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	0.56
Correlation (3Y) Calculated over the trailing 3-year period	0.53
Correlation (5Y) Calculated over the trailing 5-year period	0.47
Correlation (All Time) Calculated using the full available price history since May 26, 2021	0.46

The correlation between PFUT and THY has been stable across timeframes, ranging from 0.46 to 0.56 - a consistent structural relationship.

Return for Risk

PFUT vs. THY — 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: 13
PFUT Sortino Ratio Rank: 12
PFUT Omega Ratio Rank: 12
PFUT Calmar Ratio Rank: 12
PFUT Martin Ratio Rank: 13

THY

THY Risk / Return Rank: 38
THY Sharpe Ratio Rank: 36
THY Sortino Ratio Rank: 36
THY Omega Ratio Rank: 35
THY Calmar Ratio Rank: 48
THY Martin Ratio Rank: 36

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. THY - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Putnam Sustainable Future ETF (PFUT) and Agility Shares Dynamic Tactical Income ETF (THY). 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	THY	Difference
Sharpe ratio: Return per unit of total volatility	0.27	1.21	-0.93
Sortino ratio: Return per unit of downside risk	0.50	1.78	-1.28
Omega ratio: Gain probability vs. loss probability	1.06	1.22	-0.16
Calmar ratio: Return relative to maximum drawdown	0.30	2.24	-1.94
Martin ratio: Return relative to average drawdown	0.86	5.30	-4.45

PFUT vs. THY - Sharpe Ratio Comparison

The current PFUT Sharpe Ratio is 0.27, which is lower than the THY Sharpe Ratio of 1.21. The chart below compares the historical Sharpe Ratios of PFUT and THY, 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. THY - Drawdown Comparison

The maximum PFUT drawdown since its inception was -44.86%, which is greater than THY's maximum drawdown of -8.56%. Use the drawdown chart below to compare losses from any high point for PFUT and THY.

Drawdown Indicators

	PFUT	THY	Difference
Max Drawdown Largest peak-to-trough decline	-44.86%	-8.56%	-36.30%
Max Drawdown (1Y) Largest decline over 1 year	-14.88%	-1.60%	-13.28%
Max Drawdown (3Y) Largest decline over 3 years	-27.57%	-2.74%	-24.83%
Max Drawdown (5Y) Largest decline over 5 years	-44.86%	-8.56%	-36.30%
Current Drawdown Current decline from peak	-9.90%	-0.48%	-9.42%
Average Drawdown Average peak-to-trough decline	-21.06%	-2.60%	-18.46%
Ulcer Index Depth and duration of drawdowns from previous peaks	5.15%	0.68%	+4.47%

Volatility

PFUT vs. THY - Volatility Comparison

Putnam Sustainable Future ETF (PFUT) has a higher volatility of 4.56% compared to Agility Shares Dynamic Tactical Income ETF (THY) at 0.97%. This indicates that PFUT's price experiences larger fluctuations and is considered to be riskier than THY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	PFUT	THY	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.56%	0.97%	+3.59%
Volatility (6M) Calculated over the trailing 6-month period	12.80%	1.95%	+10.85%
Volatility (1Y) Calculated over the trailing 1-year period	16.31%	2.98%	+13.33%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	21.76%	4.56%	+17.20%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	21.69%	4.47%	+17.22%

PFUT vs. THY - Expense Ratio Comparison

PFUT has a 0.64% expense ratio, which is lower than THY's 1.36% expense ratio.

Dividends

PFUT vs. THY - Dividend Comparison

PFUT has not paid dividends to shareholders, while THY's dividend yield for the trailing twelve months is around 5.43%.

Position	TTM	2025	2024	2023	2022	2021	2020
PFUT Putnam Sustainable Future ETF	0.00%	0.00%	0.03%	0.00%	0.00%	0.00%	0.00%
THY Agility Shares Dynamic Tactical Income ETF	5.43%	6.00%	5.09%	4.59%	2.56%	3.46%	2.53%

Frequently Asked Questions

Can I hold both PFUT and THY in my portfolio?

PFUT and THY have a correlation of 0.56, 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 THY?

PFUT has higher volatility (4.56%) compared to THY (0.97%). In terms of maximum drawdown, PFUT dropped -44.86% vs THY's -8.56%.

Which ETF is better, PFUT or THY?

On 5-year performance, THY leads with 1.67% vs 0.18% for PFUT. On fees, PFUT is cheaper at 0.64% per year. On volatility, THY has been the lower-risk option at 0.97%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, PFUT or THY?

Over the 5-year period, THY has performed better with a 1.67% return vs 0.18%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, PFUT or THY?

PFUT is cheaper with a 0.64% expense ratio, compared with 1.36% for THY.

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

THY has the higher dividend yield at 5.43%, compared with 0.00% for PFUT.

What is the main difference between PFUT and THY?

PFUT is categorized as Sustainable, while THY is High Yield Bonds. They also come from different issuers: Power Corporation of Canada and Toews Corp.. Their fees differ too: 0.64% for PFUT and 1.36% for THY.

Which has better risk-adjusted returns?

THY currently has the higher Sharpe Ratio (1.21 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.