First Trust Managed Futures Strategy Fund (FMF) belongs to the Hedge Fund category. Below you'll find alternative ETFs from the same category, ranked by key criteria, plus funds that investors commonly compare with FMF. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.
Cheapest Alternatives to FMF
FMF charges 0.95% annually. There are 15 ETFs in the Hedge Fund category with lower expense ratios, going as low as 0.50%.
| Symbol | Name | Expense Ratio | AUM | Inception | |
|---|---|---|---|---|---|
| SPDR SSgA Multi-Asset Real Return ETF | 0.50% | 1.19B | Apr 2012 | FMF vs RLY | |
| Simplify Interest Rate Hedge ETF | 0.50% | 201.47M | May 2021 | FMF vs PFIX | |
| RPAR Risk Parity ETF | 0.51% | 603.57M | Dec 2019 | FMF vs RPAR | |
| Global X NASDAQ 100 Collar 95-110 ETF | 0.60% | 4.05M | Aug 2021 | FMF vs QCLR | |
| Global X NASDAQ 100 Tail Risk ETF | 0.60% | 7.82M | Aug 2021 | FMF vs QTR |
Best Risk-Adjusted Alternatives to FMF
FMF has a PortfoliosLab risk / return rank of 70. There are 3 ETFs in the Hedge Fund category with higher risk-adjusted ranks, going as high as 92.
| Symbol | Name | Risk / Return Rank | AUM | Inception | |
|---|---|---|---|---|---|
| Proshares Merger ETF | 92 | 15.90M | Dec 2012 | FMF vs MRGR | |
| WisdomTree Managed Futures Strategy Fund | 82 | 237.49M | Jan 2011 | FMF vs WTMF | |
| SPDR SSgA Multi-Asset Real Return ETF | 74 | 1.19B | Apr 2012 | FMF vs RLY | |
| AltShares Merger Arbitrage ETF | 67 | 90.93M | May 2020 | FMF vs ARB | |
| Gadsden Dynamic Multi-Asset ETF | 67 | 160.49M | Nov 2018 | FMF vs GDMA |
Top Performing FMF Alternatives (YTD)
FMF is at 7.37% YTD. There are 5 ETFs in the Hedge Fund category with higher YTD returns, going as high as 14.93%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| First Trust Dorsey Wright Dynamic Focus 5 ETF | 14.93% | 111.31M | Mar 2016 | FMF vs FVC | |
| Global X NASDAQ 100 Tail Risk ETF | 14.00% | 7.82M | Aug 2021 | FMF vs QTR | |
| SPDR SSgA Multi-Asset Real Return ETF | 11.33% | 1.19B | Apr 2012 | FMF vs RLY | |
| Gadsden Dynamic Multi-Asset ETF | 10.22% | 160.49M | Nov 2018 | FMF vs GDMA | |
| Syntax Stratified U.S. Total Market Hedged ETF | 8.73% | 23.16M | Jun 2021 | FMF vs SHUS |
Lowest Volatility Alternatives to FMF
FMF has 9.64% 1-year volatility. There are 4 ETFs in the Hedge Fund category with lower 1-year volatility, going as low as 3.10%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| AltShares Merger Arbitrage ETF | 3.10% | 90.93M | May 2020 | FMF vs ARB | |
| Proshares Merger ETF | 4.23% | 15.90M | Dec 2012 | FMF vs MRGR | |
| IQ Merger Arbitrage ETF | 4.75% | 253.18M | Nov 2009 | FMF vs MNA | |
| WisdomTree Managed Futures Strategy Fund | 9.04% | 237.49M | Jan 2011 | FMF vs WTMF | |
| Global X NASDAQ 100 Collar 95-110 ETF | 9.68% | 4.05M | Aug 2021 | FMF vs QCLR |
Lowest Drawdown Alternatives to FMF
FMF has a 1-year max drawdown of -3.42%. There are 3 ETFs in the Hedge Fund category with shallower 1-year drawdowns, going as shallow as -1.07%.
| Symbol | Name | Max Drawdown 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| AltShares Merger Arbitrage ETF | -1.07% | 90.93M | May 2020 | FMF vs ARB | |
| Proshares Merger ETF | -1.29% | 15.90M | Dec 2012 | FMF vs MRGR | |
| IQ Merger Arbitrage ETF | -1.40% | 253.18M | Nov 2009 | FMF vs MNA | |
| WisdomTree Managed Futures Strategy Fund | -4.04% | 237.49M | Jan 2011 | FMF vs WTMF | |
| SPDR SSgA Multi-Asset Real Return ETF | -6.47% | 1.19B | Apr 2012 | FMF vs RLY |
Other ETFs from First Trust
The 10 most viewed First Trust ETFs shown here include CIBR, GRID, NFTY and span 13 categories. AUM among these funds goes as high as $14B.
Often Compared With FMF
Investors most often compare FMF with DBMF, KMLM, FTLS. These 20 comparison targets span 14 categories, based on PortfoliosLab usage data.
Compare FMF with Any Fund or Stock
Compare FMF with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
Pair FMF with funds that move differently
First Trust Managed Futures Strategy Fund alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to FMF.
Explore FMF Diversifiers