FFUT vs FMF
Fidelity Managed Futures ETF against First Trust Managed Futures Strategy Fund: cost, size, returns, what they hold and how much of it is the same.
Overlap by weight
13%
2 shared positions
Fee gap
18 bp
FFUT is cheaper
1-year return gap
15.3 pts
FFUT is ahead
Larger fund
FFUT
$406M
Side by side
| FFUT | FMF | |
|---|---|---|
| Fund | Fidelity Managed Futures ETF | First Trust Managed Futures Strategy Fund |
| Issuer | Fidelity | First Trust |
| Category | Managed Futures | Managed Futures |
| Expense ratio | 0.80% | 0.98% |
| Assets | $406M | $292M |
| Average daily dollar volume | $3.4M | $1.7M |
| Listed | Jun 3, 2025 | Aug 1, 2013 |
| FrenzyCap score | 50 | 35 |
| 1-month return | −1.4% | −0.8% |
| 3-month return | +3.8% | +3.0% |
| Year to date | +19.2% | +10.3% |
| 1-year return | +20.2% | +4.9% |
| 30-day volatility | 11.7% | 9.4% |
| Worst drawdown, 1 year | −5.6% | −5.5% |
| Trailing 12-month yield | 1.75% | 4.79% |
| Holdings | 119 | 78 |
| Top 10 weight | 92.0% | 47.7% |
| Look-through P/E | — | — |
| Holdings vs fair value | — | — |
| Holdings above 200-day average | — | — |
| Net flow, latest 3 reported months | +$69M thru Jul 2026 | +$23M thru Jun 2026 |
| 30-day implied volatility | — | — |
| Holdings as of | as of Oct 20, 2026issuer data | as of Oct 20, 2026issuer data |
Returns are price returns and exclude distributions. Flows are each fund's own latest reported months and may not cover the same period.
Largest shared holdings
16% of FFUT · 24% of FMF| Holding | FFUT | FMF |
|---|---|---|
| UST BILLS 0% 01/07/27, due Jan 7, 2027 | 12.54% | 10.18% |
| UST BILLS 0% 12/17/26, due Dec 17, 2026 | 2.98% | 13.60% |
Sector mix of the stock holdings
| Sector | FFUT | FMF | Gap |
|---|---|---|---|
| Technology | 2.7% | 0.0% | +2.7% |
More: full overlap table · FFUT holdings · FMF holdings
Fund data comes from each fund's SEC filings and issuer disclosures and is shown with the date it is as of. SEC portfolio and flow filings become public about 60 days after the period they cover. Nothing here is investment advice; see Terms.