BEDY vs. FFUT

Last updated Jun 24, 2026

BEDY (BNY Mellon Enhanced Dividend Income ETF) and FFUT (Fidelity Managed Futures ETF) are both exchange-traded funds - BEDY is a Large Cap Value Equities fund actively managed by BNY Mellon, while FFUT is a Systematic Trend fund actively managed by Fidelity. Both are actively managed. At a correlation of -0.11, they often move in opposite directions. BEDY charges 0.50%/yr vs 0.80%/yr for FFUT.

Performance

BEDY vs. FFUT - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in BNY Mellon Enhanced Dividend Income ETF (BEDY) and Fidelity Managed Futures ETF (FFUT). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, BEDY achieves a 12.52% return, which is significantly higher than FFUT's 8.83% return.

BEDY

• 1D: -0.19%
• 1M: 2.34%
• YTD: 12.52%
• 6M: 11.68%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

FFUT

• 1D: -0.36%
• 1M: -2.69%
• YTD: 8.83%
• 6M: 9.28%
• 1Y: 18.72%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

BEDY vs. FFUT - Yearly Performance Comparison

	2026 (YTD)	2025
BEDY BNY Mellon Enhanced Dividend Income ETF	12.52%	1.45%
FFUT Fidelity Managed Futures ETF	8.83%	0.39%

Correlation

The correlation between BEDY and FFUT is -0.11, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.

	Correlation
Correlation (All Time) Calculated using the full available price history since Dec 8, 2025	-0.11

Return for Risk

BEDY vs. FFUT — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

BEDY

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

FFUT

FFUT Risk / Return Rank: 64
FFUT Sharpe Ratio Rank: 51
FFUT Sortino Ratio Rank: 51
FFUT Omega Ratio Rank: 54
FFUT Calmar Ratio Rank: 84
FFUT Martin Ratio Rank: 79

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.

BEDY vs. FFUT - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for BNY Mellon Enhanced Dividend Income ETF (BEDY) and Fidelity Managed Futures ETF (FFUT). 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.

	BEDY	FFUT	Difference
Sharpe ratio: Return per unit of total volatility	—	1.68	—
Sortino ratio: Return per unit of downside risk	—	2.40	—
Omega ratio: Gain probability vs. loss probability	—	1.32	—
Calmar ratio: Return relative to maximum drawdown	—	4.35	—
Martin ratio: Return relative to average drawdown	—	14.55	—

Drawdowns

BEDY vs. FFUT - Drawdown Comparison

The maximum BEDY drawdown since its inception was -6.25%, which is greater than FFUT's maximum drawdown of -4.33%. Use the drawdown chart below to compare losses from any high point for BEDY and FFUT.

Drawdown Indicators

	BEDY	FFUT	Difference
Max Drawdown Largest peak-to-trough decline	-6.25%	-4.33%	-1.92%
Max Drawdown (1Y) Largest decline over 1 year	—	-4.33%	—
Current Drawdown Current decline from peak	-0.35%	-4.33%	+3.98%
Average Drawdown Average peak-to-trough decline	-1.27%	-0.96%	-0.31%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	1.29%	—

Volatility

Volatility by Period

	BEDY	FFUT	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	2.93%	—
Volatility (6M) Calculated over the trailing 6-month period	—	8.97%	—
Volatility (1Y) Calculated over the trailing 1-year period	12.11%	11.22%	+0.89%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	12.11%	11.02%	+1.09%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	12.11%	11.02%	+1.09%

BEDY vs. FFUT - Expense Ratio Comparison

BEDY has a 0.50% expense ratio, which is lower than FFUT's 0.80% expense ratio.

Dividends

BEDY vs. FFUT - Dividend Comparison

BEDY's dividend yield for the trailing twelve months is around 3.29%, more than FFUT's 1.92% yield.

Position	TTM	2025
BEDY BNY Mellon Enhanced Dividend Income ETF	3.29%	0.09%
FFUT Fidelity Managed Futures ETF	1.92%	2.09%

Frequently Asked Questions

Can I hold both BEDY and FFUT in my portfolio?

BEDY and FFUT have a correlation of -0.11, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, BEDY or FFUT?

On fees, BEDY is cheaper at 0.50% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, BEDY or FFUT?

BEDY is cheaper with a 0.50% expense ratio, compared with 0.80% for FFUT.

Which ETF pays a higher dividend yield, BEDY or FFUT?

BEDY has the higher dividend yield at 3.29%, compared with 1.92% for FFUT.

What is the main difference between BEDY and FFUT?

BEDY is categorized as Large Cap Value Equities, while FFUT is Systematic Trend. They also come from different issuers: BNY Mellon and Fidelity. Their fees differ too: 0.50% for BEDY and 0.80% for FFUT.