FFUT vs. FBND

Last updated Apr 2, 2026

Compare and contrast key facts about Fidelity Managed Futures ETF (FFUT) and Fidelity Total Bond ETF (FBND).

FFUT and FBND are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. FFUT is an actively managed fund by Fidelity. It was launched on Jun 3, 2025. FBND is an actively managed fund by Fidelity. It was launched on Oct 6, 2014.

Performance

FFUT vs. FBND - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity Managed Futures ETF (FFUT) and Fidelity Total Bond ETF (FBND). The values are adjusted to include any dividend payments, if applicable.

FFUT vs. FBND - Yearly Performance Comparison

	2026 (YTD)	2025
FFUT Fidelity Managed Futures ETF	7.30%	8.26%
FBND Fidelity Total Bond ETF	0.12%	4.69%

Returns By Period

In the year-to-date period, FFUT achieves a 7.30% return, which is significantly higher than FBND's 0.12% return.

FFUT

• 1D: -0.11%
• 1M: 1.91%
• YTD: 7.30%
• 6M: 11.63%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

FBND

• 1D: -0.02%
• 1M: -1.32%
• YTD: 0.12%
• 6M: 0.77%
• 1Y: 4.53%
• 3Y*: 4.42%
• 5Y*: 1.01%
• 10Y*: 2.78%

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

FFUT vs. FBND - Expense Ratio Comparison

FFUT has a 0.80% expense ratio, which is higher than FBND's 0.36% expense ratio.

FFUT

Fidelity Managed Futures ETF

FBND

Fidelity Total Bond ETF

Return for Risk

FFUT vs. FBND — Risk / Return Rank

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

FBND

FBND Risk / Return Rank: 54
FBND Sharpe Ratio Rank: 55
FBND Sortino Ratio Rank: 53
FBND Omega Ratio Rank: 44
FBND Calmar Ratio Rank: 64
FBND Martin Ratio Rank: 52

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.

FFUT vs. FBND - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Managed Futures ETF (FFUT) and Fidelity Total Bond ETF (FBND). 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.

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

Sharpe Ratios by Period

	FFUT	FBND	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	1.03	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.17	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.46	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.84	0.44	+1.39

Correlation

The correlation between FFUT and FBND is -0.26. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.

Dividends

FFUT vs. FBND - Dividend Comparison

FFUT's dividend yield for the trailing twelve months is around 1.95%, less than FBND's 4.73% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FFUT Fidelity Managed Futures ETF	1.95%	2.09%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
FBND Fidelity Total Bond ETF	4.73%	4.70%	4.73%	4.26%	3.07%	1.86%	4.25%	2.90%	2.93%	2.56%	2.84%	3.26%

Drawdowns

FFUT vs. FBND - Drawdown Comparison

The maximum FFUT drawdown since its inception was -2.84%, smaller than the maximum FBND drawdown of -17.25%. Use the drawdown chart below to compare losses from any high point for FFUT and FBND.

Drawdown Indicators

	FFUT	FBND	Difference
Max Drawdown Largest peak-to-trough decline	-2.84%	-17.25%	+14.41%
Max Drawdown (1Y) Largest decline over 1 year	—	-2.79%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-17.25%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-17.25%	—
Current Drawdown Current decline from peak	-1.70%	-1.80%	+0.10%
Average Drawdown Average peak-to-trough decline	-0.89%	-3.38%	+2.49%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	0.90%	—

Volatility

Volatility by Period

	FFUT	FBND	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	1.66%	—
Volatility (6M) Calculated over the trailing 6-month period	—	2.62%	—
Volatility (1Y) Calculated over the trailing 1-year period	10.99%	4.44%	+6.55%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	10.99%	5.90%	+5.09%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	10.99%	6.08%	+4.91%