FFUT vs. BSV

Last updated Aug 4, 2026

FFUT (Fidelity Managed Futures ETF) and BSV (Vanguard Short-Term Bond Index Fund ETF Shares) are both exchange-traded funds - FFUT is a Systematic Trend fund actively managed by Fidelity, while BSV is a Short-Term Bond fund tracking the Bloomberg U.S. 1–5 Year Government/Credit Float Adjusted Index. FFUT is actively managed, while BSV is passively managed. Over the past year, FFUT returned 22.59% vs 2.46% for BSV. Their -0.39 correlation means they have often moved in opposite directions in the past. FFUT charges 0.80%/yr vs 0.03%/yr for BSV.

Performance

FFUT vs. BSV - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity Managed Futures ETF (FFUT) and Vanguard Short-Term Bond Index Fund ETF Shares (BSV). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, FFUT achieves a 12.52% return, which is significantly higher than BSV's 0.52% return.

FFUT

• 1D: -0.94%
• 1M: 4.47%
• 6M: 9.16%
• YTD: 12.52%
• 1Y: 22.59%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 18.82%

BSV

• 1D: 0.10%
• 1M: -0.12%
• 6M: 0.42%
• YTD: 0.52%
• 1Y: 2.46%
• 3Y*: 4.47%
• 5Y*: 1.62%
• 10Y*: 1.92%
• ALL TIME*: 2.52%

*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)
BSV Vanguard Short-Term Bond Index Fund ETF Shares	$128.14M	$170.40M	$199.65M
FFUT Fidelity Managed Futures ETF	$7.87M	$4.04M	$2.05M

FFUT vs. BSV - Yearly Performance Comparison

	2026 (YTD)	2025
FFUT Fidelity Managed Futures ETF	12.52%	8.58%
BSV Vanguard Short-Term Bond Index Fund ETF Shares	0.52%	3.13%

Correlation

The correlation between FFUT and BSV is -0.39, 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.	-0.39
Correlation (All Time) Calculated using the full available price history since Jun 5, 2025	-0.39

Return for Risk

FFUT vs. BSV — Risk / Return Rank

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

FFUT

FFUT Risk / Return Rank: 85
FFUT Sharpe Ratio Rank: 82
FFUT Sortino Ratio Rank: 82
FFUT Omega Ratio Rank: 83
FFUT Calmar Ratio Rank: 91
FFUT Martin Ratio Rank: 88

BSV

BSV Risk / Return Rank: 56
BSV Sharpe Ratio Rank: 60
BSV Sortino Ratio Rank: 62
BSV Omega Ratio Rank: 58
BSV Calmar Ratio Rank: 52
BSV Martin Ratio Rank: 50

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.

FFUT vs. BSV - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Managed Futures ETF (FFUT) and Vanguard Short-Term Bond Index Fund ETF Shares (BSV). 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.

	FFUT	BSV	Difference
Sharpe ratio: Return per unit of total volatility	1.95	1.44	+0.51
Sortino ratio: Return per unit of downside risk	2.74	2.12	+0.62
Omega ratio: Gain probability vs. loss probability	1.37	1.26	+0.11
Calmar ratio: Return relative to maximum drawdown	4.06	1.92	+2.15
Martin ratio: Return relative to average drawdown	13.81	5.92	+7.89

FFUT vs. BSV - Sharpe Ratio Comparison

The current FFUT Sharpe Ratio is 1.95, which is higher than the BSV Sharpe Ratio of 1.44. The chart below compares the historical Sharpe Ratios of FFUT and BSV, 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

FFUT vs. BSV - Drawdown Comparison

The maximum FFUT drawdown since its inception was -5.59%, smaller than the maximum BSV drawdown of -8.54%. Use the drawdown chart below to compare losses from any high point for FFUT and BSV.

Drawdown Indicators

	FFUT	BSV	Difference
Max Drawdown Largest peak-to-trough decline	-5.59%	-8.54%	+2.95%
Max Drawdown (1Y) Largest decline over 1 year	-5.59%	-1.29%	-4.30%
Max Drawdown (3Y) Largest decline over 3 years	—	-1.53%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-8.39%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-8.54%	—
Current Drawdown Current decline from peak	-2.36%	-0.40%	-1.96%
Average Drawdown Average peak-to-trough decline	-1.12%	-0.97%	-0.15%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.64%	0.42%	+1.22%

Volatility

FFUT vs. BSV - Volatility Comparison

Fidelity Managed Futures ETF (FFUT) has a higher volatility of 3.71% compared to Vanguard Short-Term Bond Index Fund ETF Shares (BSV) at 0.47%. This indicates that FFUT's price experiences larger fluctuations and is considered to be riskier than BSV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FFUT	BSV	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.71%	0.47%	+3.24%
Volatility (6M) Calculated over the trailing 6-month period	9.26%	1.41%	+7.85%
Volatility (1Y) Calculated over the trailing 1-year period	11.66%	1.71%	+9.95%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	11.11%	2.74%	+8.37%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	11.11%	2.38%	+8.73%

FFUT vs. BSV - Expense Ratio Comparison

FFUT has a 0.80% expense ratio, which is higher than BSV's 0.03% expense ratio.

Dividends

FFUT vs. BSV - Dividend Comparison

FFUT's dividend yield for the trailing twelve months is around 1.86%, less than BSV's 4.04% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
BSV Vanguard Short-Term Bond Index Fund ETF Shares	4.04%	3.83%	3.38%	2.46%	1.50%	1.45%	1.79%	2.29%	1.99%	1.65%	1.48%	1.40%
FFUT Fidelity Managed Futures ETF	1.86%	2.09%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both FFUT and BSV in my portfolio?

FFUT and BSV have a correlation of -0.39, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, FFUT or BSV?

FFUT has higher volatility (3.71%) compared to BSV (0.47%). In terms of maximum drawdown, FFUT dropped -5.59% vs BSV's -8.54%.

Which ETF is better, FFUT or BSV?

On 1-year performance, FFUT leads with 22.59% vs 2.46% for BSV. On fees, BSV is cheaper at 0.03% per year. On volatility, BSV has been the lower-risk option at 0.47%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, FFUT or BSV?

Over the 1-year period, FFUT has performed better with a 22.59% return vs 2.46%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, FFUT or BSV?

BSV is cheaper with a 0.03% expense ratio, compared with 0.80% for FFUT.

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

BSV has the higher dividend yield at 4.04%, compared with 1.86% for FFUT.

What is the main difference between FFUT and BSV?

FFUT is categorized as Systematic Trend, while BSV is Short-Term Bond. They also come from different issuers: Fidelity and Vanguard. Their fees differ too: 0.80% for FFUT and 0.03% for BSV.

Which has better risk-adjusted returns?

FFUT currently has the higher Sharpe Ratio (1.95 vs 1.44), 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.