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 17 ETFs in the Hedge Fund category with lower expense ratios, going as low as 0.36%.
| Symbol | Name | Expense Ratio | AUM | Inception | |
|---|---|---|---|---|---|
| Xtrackers MSCI EAFE Hedged Equity ETF | 0.36% | 8.81B | Jun 2011 | FMF vs DBEF | |
| SPDR SSgA Multi-Asset Real Return ETF | 0.50% | 1.21B | Apr 2012 | FMF vs RLY | |
| Simplify Interest Rate Hedge ETF | 0.50% | 231.13M | May 2021 | FMF vs PFIX | |
| RPAR Risk Parity ETF | 0.51% | 607.77M | Dec 2019 | FMF vs RPAR | |
| Global X Russell 2000 Covered Call ETF | 0.60% | 1.34B | Apr 2019 | FMF vs RYLD |
Best Risk-Adjusted Alternatives to FMF
FMF has a PortfoliosLab risk / return rank of 78. 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 | |
|---|---|---|---|---|---|
| SPDR SSgA Multi-Asset Real Return ETF | 92 | 1.21B | Apr 2012 | FMF vs RLY | |
| Proshares Merger ETF | 90 | 15.87M | Dec 2012 | FMF vs MRGR | |
| WisdomTree Managed Futures Strategy Fund | 85 | 233.61M | Jan 2011 | FMF vs WTMF | |
| Gadsden Dynamic Multi-Asset ETF | 74 | 160.49M | Nov 2018 | FMF vs GDMA | |
| AltShares Merger Arbitrage ETF | 69 | 90.93M | May 2020 | FMF vs ARB |
Top Performing FMF Alternatives (YTD)
FMF is at 10.96% YTD. There are 5 ETFs in the Hedge Fund category with higher YTD returns, going as high as 17.64%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| Global X NASDAQ 100 Tail Risk ETF | 17.64% | 7.81M | Aug 2021 | FMF vs QTR | |
| First Trust Dorsey Wright Dynamic Focus 5 ETF | 17.30% | 110.36M | Mar 2016 | FMF vs FVC | |
| SPDR SSgA Multi-Asset Real Return ETF | 17.13% | 1.21B | Apr 2012 | FMF vs RLY | |
| Cambria Global Momentum ETF | 11.55% | 70.43M | Nov 2014 | FMF vs GMOM | |
| Gadsden Dynamic Multi-Asset ETF | 11.18% | 160.49M | Nov 2018 | FMF vs GDMA |
Lowest Volatility Alternatives to FMF
FMF has 9.66% 1-year volatility. There are 4 ETFs in the Hedge Fund category with lower 1-year volatility, going as low as 2.89%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| AltShares Merger Arbitrage ETF | 2.89% | 90.93M | May 2020 | FMF vs ARB | |
| Proshares Merger ETF | 4.11% | 15.87M | Dec 2012 | FMF vs MRGR | |
| IQ Merger Arbitrage ETF | 4.74% | 253.18M | Nov 2009 | FMF vs MNA | |
| WisdomTree Managed Futures Strategy Fund | 8.63% | 233.61M | Jan 2011 | FMF vs WTMF | |
| NEOS Nasdaq-100 Hedged Equity Income ETF | 9.67% | 375.87M | Dec 2019 | FMF vs QQQH |
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 -0.69%.
| Symbol | Name | Max Drawdown 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| AltShares Merger Arbitrage ETF | -0.69% | 90.93M | May 2020 | FMF vs ARB | |
| Proshares Merger ETF | -1.29% | 15.87M | Dec 2012 | FMF vs MRGR | |
| IQ Merger Arbitrage ETF | -1.40% | 253.18M | Nov 2009 | FMF vs MNA | |
| SPDR SSgA Multi-Asset Real Return ETF | -3.71% | 1.21B | Apr 2012 | FMF vs RLY | |
| WisdomTree Managed Futures Strategy Fund | -4.04% | 233.61M | Jan 2011 | FMF vs WTMF |
Other ETFs from First Trust
The 10 most viewed First Trust ETFs shown here include CIBR, GRID, NFTY and span 11 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 16 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