- CUSIP
- 09290C731
- Issuer
- iShares
- Inception Date
- Mar 12, 2025
- Category
- Systematic Trend
- Leveraged
- 1x (No leverage)
- Index Tracked
- No Index (Active)
- Distribution Policy
- Distributing
- Asset Class
- Alternatives
- Asset Class Size
- Large-Cap
- Asset Class Style
- Blend
Share Price Chart
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Performance
ISMF Performance Chart
iShares Managed Futures Active ETF (ISMF) is up 6.8% since the beginning of the year. ISMF is currently trading at $28 per share.
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Returns By Period
iShares Managed Futures Active ETF (ISMF) has returned 6.76% so far this year and 22.62% over the past 12 months.
iShares Managed Futures Active ETF
- 1D
- -0.14%
- 1M
- -1.11%
- YTD
- 6.76%
- 6M
- 6.76%
- 1Y
- 22.62%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
Benchmark (S&P 500 Index)
- 1D
- -0.37%
- 1M
- -0.01%
- YTD
- 9.16%
- 6M
- 8.64%
- 1Y
- 25.22%
- 3Y*
- 19.78%
- 5Y*
- 11.99%
- 10Y*
- 13.88%
ISMF Monthly Returns History
Based on dividend-adjusted daily data since Mar 13, 2025, ISMF's average daily return is +0.06%, while the average monthly return is +1.11%. At this rate, an investment would double in approximately 5.2 years.
Historically, 75% of months were positive and 25% were negative. The best month was Sep 2025 with a return of +3.9%, while the worst month was Apr 2025 at -2.5%. The longest winning streak lasted 8 consecutive months, and the longest losing streak was 1 months.
On a daily basis, ISMF closed higher 57% of trading days. The best single day was Jan 12, 2026 with a return of +1.7%, while the worst single day was Jan 30, 2026 at -2.9%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 2.95% | 2.79% | -1.88% | 2.61% | 0.71% | -0.51% | 6.76% | ||||||
| 2025 | 0.64% | -2.54% | 0.56% | -0.07% | 0.65% | 2.59% | 3.86% | 1.02% | 1.46% | 2.95% | 11.53% |
Benchmark Metrics
iShares Managed Futures Active ETF has an annualized alpha of 10.34%, beta of 0.17, and R2 of 0.16 versus S&P 500 Index. Calculated based on daily prices since March 13, 2025.
- This ETF captured 40.12% of S&P 500 Index gains and tended to rise during its downturns (downside capture of -9.01%) - a profile typical of hedging or uncorrelated assets.
- Beta of 0.17 may look defensive, but with R2 of 0.16 this ETF is largely uncorrelated with S&P 500 Index - low beta reflects independence, not downside protection. See the Volatility section for a true picture of this ETF's risk.
- R2 of 0.16 means this ETF moves largely independently of S&P 500 Index - capture ratios reflect limited market correlation rather than active downside protection. Consider using a more representative benchmark.
- Alpha
- 10.34%
- Beta
- 0.17
- R²
- 0.16
- Upside Capture
- 40.12%
- Downside Capture
- -9.01%
Expense Ratio
ISMF has an expense ratio of 0.80%, placing it in the medium range.
Return for Risk
Risk / Return Rank
ISMF ranks 90 for risk / return — in the top 90% of ETFs on our site. This means strong returns relative to risk — exactly what professional investors look for. Well-suited for investors who want to maximize return per unit of risk.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for iShares Managed Futures Active ETF (ISMF) and compare them to S&P 500 Index.
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.
| ISMF | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.82 | ||
| Sortino ratioReturn per unit of downside risk | +1.11 | ||
| Omega ratioGain probability vs. loss probability | 1.60 | 1.37 | +0.24 |
| Calmar ratioReturn relative to maximum drawdown | 5.76 | 2.78 | +2.98 |
| Martin ratioReturn relative to average drawdown | 19.42 | 12.44 | +6.99 |
Dividends
Dividend History
iShares Managed Futures Active ETF provided a 5.84% dividend yield over the last twelve months, with an annual payout of $1.64 per share.
| Period | TTM | 2025 |
|---|---|---|
| Dividend | $1.64 | $1.64 |
Dividend yield | 5.84% | 6.23% |
Monthly Dividends
The table displays the monthly dividend distributions for iShares Managed Futures Active ETF. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | ||||||
| 2025 | $1.64 | $1.64 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
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Worst Drawdowns
The table below displays the maximum drawdowns of the iShares Managed Futures Active ETF. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the iShares Managed Futures Active ETF was 4.23%, occurring on May 6, 2025. Recovery took 71 trading sessions.
The current iShares Managed Futures Active ETF drawdown is 1.49%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
2025 selloff2025 | -4.23%May 2025 | 1mo 4d | 3mo 14d | 4mo 18dApr 2025 - Aug 2025 |
2026 pullback2026 | -3.94%Mar 2026 | 24d | 21d | 1mo 15dFeb 2026 - Apr 2026 |
2026 pullback2026 | -3.13%Feb 2026 | 3d | 24d | 27dJan 2026 - Feb 2026 |
2026 pullback2026 | -2.21%Jun 2026 | 6d | — | 19d 22hJun 2026 - now |
2025 pullback2025 | -2.17%Oct 2025 | 1d | 5d | 6dOct 2025 - Oct 2025 |
Drawdown Indicators
| ISMF | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -4.23% | -56.78% | +52.55% |
Max Drawdown (1Y)Largest decline over 1 year | -3.94% | -9.10% | +5.16% |
Max Drawdown (3Y)Largest decline over 3 years | — | -18.90% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -25.43% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.92% | — |
Current DrawdownCurrent decline from peak | -1.49% | -1.80% | +0.31% |
Average DrawdownAverage peak-to-trough decline | -1.28% | -10.71% | +9.43% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.17% | 2.03% | -0.86% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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