DFIP vs. FFUT

Last updated Aug 2, 2026

DFIP (Dimensional Inflation-Protected Securities ETF) and FFUT (Fidelity Managed Futures ETF) are both exchange-traded funds - DFIP is a Inflation-Protected Bonds fund actively managed by Dimensional, while FFUT is a Systematic Trend fund actively managed by Fidelity. Both are actively managed. Over the past year, DFIP returned 1.63% vs 23.75% for FFUT. Their -0.20 correlation means they have often moved in opposite directions in the past. DFIP charges 0.11%/yr vs 0.80%/yr for FFUT.

Performance

DFIP vs. FFUT - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Dimensional Inflation-Protected Securities ETF (DFIP) 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, DFIP achieves a 0.49% return, which is significantly lower than FFUT's 13.58% return.

DFIP

• 1D: -0.11%
• 1M: -0.72%
• 6M: -0.13%
• YTD: 0.49%
• 1Y: 1.63%
• 3Y*: 4.00%
• 5Y*: —
• 10Y*: —
• ALL TIME*: -0.03%

FFUT

• 1D: -0.23%
• 1M: 5.46%
• 6M: 9.55%
• YTD: 13.58%
• 1Y: 23.75%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 19.94%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
DFIP Dimensional Inflation-Protected Securities ETF	$6.84M	$5.52M	$4.60M
FFUT Fidelity Managed Futures ETF	$7.77M	$4.00M	$2.01M

DFIP vs. FFUT - Yearly Performance Comparison

	2026 (YTD)	2025
DFIP Dimensional Inflation-Protected Securities ETF	0.49%	3.13%
FFUT Fidelity Managed Futures ETF	13.58%	8.58%

Correlation

The correlation between DFIP and FFUT is -0.19, meaning they have often moved in opposite directions in the past. This relationship can weaken or reverse as market conditions change.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	-0.19
Correlation (All Time) Calculated using the full available price history since Jun 5, 2025	-0.20

Return for Risk

DFIP vs. FFUT — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

DFIP

DFIP Risk / Return Rank: 29
DFIP Sharpe Ratio Rank: 29
DFIP Sortino Ratio Rank: 27
DFIP Omega Ratio Rank: 25
DFIP Calmar Ratio Rank: 34
DFIP Martin Ratio Rank: 32

FFUT

FFUT Risk / Return Rank: 88
FFUT Sharpe Ratio Rank: 86
FFUT Sortino Ratio Rank: 86
FFUT Omega Ratio Rank: 87
FFUT Calmar Ratio Rank: 92
FFUT Martin Ratio Rank: 90

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

DFIP vs. FFUT - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Dimensional Inflation-Protected Securities ETF (DFIP) 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.

	DFIP	FFUT	Difference
Sharpe ratio: Return per unit of total volatility	0.68	2.02	-1.34
Sortino ratio: Return per unit of downside risk	1.02	2.85	-1.82
Omega ratio: Gain probability vs. loss probability	1.12	1.38	-0.26
Calmar ratio: Return relative to maximum drawdown	1.14	4.20	-3.06
Martin ratio: Return relative to average drawdown	3.00	14.36	-11.35

DFIP vs. FFUT - Sharpe Ratio Comparison

The current DFIP Sharpe Ratio is 0.68, which is lower than the FFUT Sharpe Ratio of 2.02. The chart below compares the historical Sharpe Ratios of DFIP 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

DFIP vs. FFUT - Drawdown Comparison

The maximum DFIP drawdown since its inception was -14.96%, which is greater than FFUT's maximum drawdown of -5.59%. Use the drawdown chart below to compare losses from any high point for DFIP and FFUT.

Drawdown Indicators

	DFIP	FFUT	Difference
Max Drawdown Largest peak-to-trough decline	-14.96%	-5.59%	-9.37%
Max Drawdown (1Y) Largest decline over 1 year	-2.06%	-5.59%	+3.53%
Max Drawdown (3Y) Largest decline over 3 years	-4.22%	—	—
Current Drawdown Current decline from peak	-1.45%	-1.43%	-0.02%
Average Drawdown Average peak-to-trough decline	-6.74%	-1.11%	-5.63%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.78%	1.63%	-0.85%

Volatility

DFIP vs. FFUT - Volatility Comparison

The current volatility for Dimensional Inflation-Protected Securities ETF (DFIP) is 0.80%, while Fidelity Managed Futures ETF (FFUT) has a volatility of 3.61%. This indicates that DFIP 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

	DFIP	FFUT	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.80%	3.61%	-2.81%
Volatility (6M) Calculated over the trailing 6-month period	2.59%	9.27%	-6.68%
Volatility (1Y) Calculated over the trailing 1-year period	3.44%	11.67%	-8.23%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	6.73%	11.09%	-4.36%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	6.73%	11.09%	-4.36%

DFIP vs. FFUT - Expense Ratio Comparison

DFIP has a 0.11% expense ratio, which is lower than FFUT's 0.80% expense ratio.

Dividends

DFIP vs. FFUT - Dividend Comparison

DFIP's dividend yield for the trailing twelve months is around 5.45%, more than FFUT's 1.84% yield.

Position	TTM	2025	2024	2023	2022	2021
DFIP Dimensional Inflation-Protected Securities ETF	5.45%	4.70%	3.69%	3.68%	5.97%	0.56%
FFUT Fidelity Managed Futures ETF	1.84%	2.09%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both DFIP and FFUT in my portfolio?

DFIP and FFUT have a correlation of -0.19, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, DFIP or FFUT?

FFUT has higher volatility (3.61%) compared to DFIP (0.80%). In terms of maximum drawdown, DFIP dropped -14.96% vs FFUT's -5.59%.

Which ETF is better, DFIP or FFUT?

On 1-year performance, FFUT leads with 23.75% vs 1.63% for DFIP. On fees, DFIP is cheaper at 0.11% per year. On volatility, DFIP has been the lower-risk option at 0.80%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, DFIP or FFUT?

Over the 1-year period, FFUT has performed better with a 23.75% return vs 1.63%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, DFIP or FFUT?

DFIP is cheaper with a 0.11% expense ratio, compared with 0.80% for FFUT.

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

DFIP has the higher dividend yield at 5.45%, compared with 1.84% for FFUT.

What is the main difference between DFIP and FFUT?

DFIP is categorized as Inflation-Protected Bonds, while FFUT is Systematic Trend. They also come from different issuers: Dimensional and Fidelity. Their fees differ too: 0.11% for DFIP and 0.80% for FFUT.

Which has better risk-adjusted returns?

FFUT currently has the higher Sharpe Ratio (2.02 vs 0.68), 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.