DABS vs. FFUT

Last updated Jun 24, 2026

DABS (DoubleLine Asset-Backed Securities ETF) and FFUT (Fidelity Managed Futures ETF) are both exchange-traded funds - DABS is a Nontraditional Bonds fund actively managed by DoubleLine, while FFUT is a Systematic Trend fund actively managed by Fidelity. Both are actively managed. Over the past year, DABS returned 4.88% vs 18.72% for FFUT. At a correlation of -0.32, they often move in opposite directions. DABS charges 0.40%/yr vs 0.80%/yr for FFUT.

Performance

DABS vs. FFUT - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in DoubleLine Asset-Backed Securities ETF (DABS) 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, DABS achieves a 1.10% return, which is significantly lower than FFUT's 8.83% return.

DABS

• 1D: -0.01%
• 1M: 0.34%
• YTD: 1.10%
• 6M: 1.36%
• 1Y: 4.88%
• 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)

DABS vs. FFUT - Yearly Performance Comparison

	2026 (YTD)	2025
DABS DoubleLine Asset-Backed Securities ETF	1.10%	4.41%
FFUT Fidelity Managed Futures ETF	8.83%	8.58%

Correlation

The correlation between DABS and FFUT is -0.31, 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 (1Y) Calculated over the trailing 1-year period	-0.31
Correlation (All Time) Calculated using the full available price history since Jun 5, 2025	-0.32

Return for Risk

DABS vs. FFUT — Risk / Return Rank

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

DABS

DABS Risk / Return Rank: 75
DABS Sharpe Ratio Rank: 68
DABS Sortino Ratio Rank: 76
DABS Omega Ratio Rank: 75
DABS Calmar Ratio Rank: 80
DABS Martin Ratio Rank: 76

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.

DABS vs. FFUT - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for DoubleLine Asset-Backed Securities ETF (DABS) 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.

	DABS	FFUT	Difference
Sharpe ratio: Return per unit of total volatility	2.00	1.68	+0.32
Sortino ratio: Return per unit of downside risk	3.08	2.40	+0.68
Omega ratio: Gain probability vs. loss probability	1.40	1.32	+0.08
Calmar ratio: Return relative to maximum drawdown	3.79	4.35	-0.55
Martin ratio: Return relative to average drawdown	12.94	14.55	-1.61

DABS vs. FFUT - Sharpe Ratio Comparison

The current DABS Sharpe Ratio is 2.00, which is comparable to the FFUT Sharpe Ratio of 1.68. The chart below compares the historical Sharpe Ratios of DABS and FFUT, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

DABS vs. FFUT - Drawdown Comparison

The maximum DABS drawdown since its inception was -1.47%, smaller than the maximum FFUT drawdown of -4.33%. Use the drawdown chart below to compare losses from any high point for DABS and FFUT.

Drawdown Indicators

	DABS	FFUT	Difference
Max Drawdown Largest peak-to-trough decline	-1.47%	-4.33%	+2.86%
Max Drawdown (1Y) Largest decline over 1 year	-1.29%	-4.33%	+3.04%
Current Drawdown Current decline from peak	-0.27%	-4.33%	+4.06%
Average Drawdown Average peak-to-trough decline	-0.31%	-0.96%	+0.65%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.38%	1.29%	-0.91%

Volatility

DABS vs. FFUT - Volatility Comparison

The current volatility for DoubleLine Asset-Backed Securities ETF (DABS) is 0.67%, while Fidelity Managed Futures ETF (FFUT) has a volatility of 2.93%. This indicates that DABS experiences smaller price fluctuations and is considered to be less risky than FFUT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	DABS	FFUT	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.67%	2.93%	-2.26%
Volatility (6M) Calculated over the trailing 6-month period	1.65%	8.97%	-7.32%
Volatility (1Y) Calculated over the trailing 1-year period	2.46%	11.22%	-8.76%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	2.55%	11.02%	-8.47%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	2.55%	11.02%	-8.47%

DABS vs. FFUT - Expense Ratio Comparison

DABS has a 0.40% expense ratio, which is lower than FFUT's 0.80% expense ratio.

Dividends

DABS vs. FFUT - Dividend Comparison

DABS's dividend yield for the trailing twelve months is around 4.88%, more than FFUT's 1.92% yield.

Position	TTM	2025
DABS DoubleLine Asset-Backed Securities ETF	4.88%	3.81%
FFUT Fidelity Managed Futures ETF	1.92%	2.09%

Frequently Asked Questions

Can I hold both DABS and FFUT in my portfolio?

DABS and FFUT have a correlation of -0.31, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, DABS or FFUT?

FFUT has higher volatility (2.93%) compared to DABS (0.67%). In terms of maximum drawdown, DABS dropped -1.47% vs FFUT's -4.33%.

Which ETF is better, DABS or FFUT?

On 1-year performance, FFUT leads with 18.72% vs 4.88% for DABS. On fees, DABS is cheaper at 0.40% per year. On volatility, DABS has been the lower-risk option at 0.67%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, DABS or FFUT?

Over the 1-year period, FFUT has performed better with a 18.72% return vs 4.88%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, DABS or FFUT?

DABS is cheaper with a 0.40% expense ratio, compared with 0.80% for FFUT.

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

DABS has the higher dividend yield at 4.88%, compared with 1.92% for FFUT.

What is the main difference between DABS and FFUT?

DABS is categorized as Nontraditional Bonds, while FFUT is Systematic Trend. They also come from different issuers: DoubleLine and Fidelity. Their fees differ too: 0.40% for DABS and 0.80% for FFUT.

Which has better risk-adjusted returns?

DABS currently has the higher Sharpe Ratio (2.00 vs 1.68), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.