FFND vs. ^GSPC
FFND (The Future Fund Active ETF) is Large Cap Growth Equities fund actively managed by The Future Fund, while ^GSPC (S&P 500 Index) is an index. Over the past 3 years, FFND returned 22.14%/yr vs 21.07%/yr for ^GSPC. Their correlation of 0.87 suggests significant overlap in exposure.
Performance
FFND vs. ^GSPC - Performance Comparison
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Returns By Period
In the year-to-date period, FFND achieves a 7.78% return, which is significantly lower than ^GSPC's 10.79% return.
FFND
- 1D
- 1.01%
- 1M
- 3.86%
- YTD
- 7.78%
- 6M
- 7.46%
- 1Y
- 21.90%
- 3Y*
- 22.14%
- 5Y*
- —
- 10Y*
- —
^GSPC
- 1D
- 0.41%
- 1M
- 4.48%
- YTD
- 10.79%
- 6M
- 10.60%
- 1Y
- 27.02%
- 3Y*
- 21.07%
- 5Y*
- 12.39%
- 10Y*
- 13.65%
FFND vs. ^GSPC - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
FFND The Future Fund Active ETF | 7.78% | 19.38% | 24.05% | 40.05% | -39.84% | -4.81% |
^GSPC S&P 500 Index | 10.79% | 16.39% | 23.31% | 24.23% | -19.44% | 6.24% |
Correlation
The correlation between FFND and ^GSPC is 0.91, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.91 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.88 |
Correlation (All Time) Calculated using the full available price history since Aug 25, 2021 | 0.87 |
The correlation between FFND and ^GSPC has been stable across timeframes, ranging from 0.87 to 0.91 - a consistent structural relationship.
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Return for Risk
FFND vs. ^GSPC — Risk / Return Rank
FFND
^GSPC
FFND vs. ^GSPC - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for The Future Fund Active ETF (FFND) and S&P 500 Index (^GSPC). 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.
| FFND | ^GSPC | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.58 | ||
| Sortino ratioReturn per unit of downside risk | -0.67 | ||
| Omega ratioGain probability vs. loss probability | 1.31 | 1.41 | -0.10 |
| Calmar ratioReturn relative to maximum drawdown | 2.09 | 2.98 | -0.89 |
| Martin ratioReturn relative to average drawdown | 9.16 | 13.78 | -4.62 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| FFND | ^GSPC | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.70 | 2.28 | -0.58 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.74 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.76 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.21 | 0.47 | -0.26 |
Drawdowns
FFND vs. ^GSPC - Drawdown Comparison
The maximum FFND drawdown since its inception was -47.84%, smaller than the maximum ^GSPC drawdown of -56.78%. Use the drawdown chart below to compare losses from any high point for FFND and ^GSPC.
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Drawdown Indicators
| FFND | ^GSPC | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -47.84% | -56.78% | +8.94% |
Max Drawdown (1Y)Largest decline over 1 year | -10.53% | -9.10% | -1.43% |
Max Drawdown (3Y)Largest decline over 3 years | -18.90% | -18.90% | 0.00% |
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 | -0.07% | -0.33% | +0.26% |
Average DrawdownAverage peak-to-trough decline | -18.77% | -10.72% | -8.05% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.40% | 1.97% | +0.43% |
Volatility
FFND vs. ^GSPC - Volatility Comparison
The Future Fund Active ETF (FFND) has a higher volatility of 3.88% compared to S&P 500 Index (^GSPC) at 2.88%. This indicates that FFND's price experiences larger fluctuations and is considered to be riskier than ^GSPC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FFND | ^GSPC | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.88% | 2.88% | +1.00% |
Volatility (6M)Calculated over the trailing 6-month period | 10.24% | 9.00% | +1.24% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.93% | 11.89% | +1.04% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 25.04% | 16.90% | +8.14% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 25.04% | 18.06% | +6.98% |
Frequently Asked Questions
With a correlation of 0.91, FFND and ^GSPC move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
FFND has higher volatility (3.88%) compared to ^GSPC (2.88%). In terms of maximum drawdown, FFND dropped -47.84% vs ^GSPC's -56.78%.
^GSPC currently has the higher Sharpe Ratio (2.28 vs 1.70), 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.
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