FAAA vs. WTMF

Last updated Jun 24, 2026

FAAA (Fidelity AAA CLO ETF) and WTMF (WisdomTree Managed Futures Strategy Fund) are both exchange-traded funds - FAAA is a CLO fund actively managed by Fidelity, while WTMF is a Hedge Fund fund tracking the WisdomTree Managed Futures Index. FAAA is actively managed, while WTMF is passively managed. At a correlation of -0.10, they often move in opposite directions. FAAA charges 0.20%/yr vs 0.65%/yr for WTMF.

Performance

FAAA vs. WTMF - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity AAA CLO ETF (FAAA) and WisdomTree Managed Futures Strategy Fund (WTMF). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

FAAA

• 1D: 0.02%
• 1M: 0.37%
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

WTMF

• 1D: -1.56%
• 1M: -0.67%
• YTD: 7.35%
• 6M: 6.60%
• 1Y: 20.66%
• 3Y*: 9.95%
• 5Y*: 6.12%
• 10Y*: 3.17%

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

FAAA vs. WTMF - Yearly Performance Comparison

	2026 (YTD)
FAAA Fidelity AAA CLO ETF	1.75%
WTMF WisdomTree Managed Futures Strategy Fund	4.88%

Correlation

The correlation between FAAA and WTMF is -0.10, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (All Time) Calculated using the full available price history since Feb 12, 2026	-0.10

Return for Risk

FAAA vs. WTMF — Risk / Return Rank

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

FAAA

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

WTMF

WTMF Risk / Return Rank: 82
WTMF Sharpe Ratio Rank: 76
WTMF Sortino Ratio Rank: 73
WTMF Omega Ratio Rank: 79
WTMF Calmar Ratio Rank: 89
WTMF Martin Ratio Rank: 92

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.

FAAA vs. WTMF - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity AAA CLO ETF (FAAA) and WisdomTree Managed Futures Strategy Fund (WTMF). 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.

	FAAA	WTMF	Difference
Sharpe ratio: Return per unit of total volatility	—	2.30	—
Sortino ratio: Return per unit of downside risk	—	3.09	—
Omega ratio: Gain probability vs. loss probability	—	1.44	—
Calmar ratio: Return relative to maximum drawdown	—	5.14	—
Martin ratio: Return relative to average drawdown	—	21.97	—

Drawdowns

FAAA vs. WTMF - Drawdown Comparison

The maximum FAAA drawdown since its inception was -0.55%, smaller than the maximum WTMF drawdown of -30.79%. Use the drawdown chart below to compare losses from any high point for FAAA and WTMF.

Drawdown Indicators

	FAAA	WTMF	Difference
Max Drawdown Largest peak-to-trough decline	-0.55%	-30.79%	+30.24%
Max Drawdown (1Y) Largest decline over 1 year	—	-4.04%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-9.93%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-13.21%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-15.26%	—
Current Drawdown Current decline from peak	0.00%	-1.56%	+1.56%
Average Drawdown Average peak-to-trough decline	-0.06%	-17.65%	+17.59%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	0.94%	—

Volatility

Volatility by Period

	FAAA	WTMF	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	3.11%	—
Volatility (6M) Calculated over the trailing 6-month period	—	7.30%	—
Volatility (1Y) Calculated over the trailing 1-year period	0.89%	9.04%	-8.15%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	0.89%	9.53%	-8.64%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	0.89%	8.11%	-7.22%

FAAA vs. WTMF - Expense Ratio Comparison

FAAA has a 0.20% expense ratio, which is lower than WTMF's 0.65% expense ratio.

Dividends

FAAA vs. WTMF - Dividend Comparison

FAAA's dividend yield for the trailing twelve months is around 1.31%, less than WTMF's 2.83% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018
FAAA Fidelity AAA CLO ETF	1.31%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
WTMF WisdomTree Managed Futures Strategy Fund	2.83%	3.04%	3.57%	4.74%	5.29%	14.71%	0.47%	1.63%	3.59%

Frequently Asked Questions

Can I hold both FAAA and WTMF in my portfolio?

FAAA and WTMF have a correlation of -0.10, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, FAAA or WTMF?

On fees, FAAA is cheaper at 0.20% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, FAAA or WTMF?

FAAA is cheaper with a 0.20% expense ratio, compared with 0.65% for WTMF.

Which ETF pays a higher dividend yield, FAAA or WTMF?

WTMF has the higher dividend yield at 2.83%, compared with 1.31% for FAAA.

What is the main difference between FAAA and WTMF?

FAAA is categorized as CLO, while WTMF is Hedge Fund. They also come from different issuers: Fidelity and WisdomTree. Their fees differ too: 0.20% for FAAA and 0.65% for WTMF.