FFUT vs. FOXY

Last updated Jun 4, 2026

FFUT (Fidelity Managed Futures ETF) and FOXY (Simplify Currency Strategy ETF) are both exchange-traded funds - FFUT is a Systematic Trend fund actively managed by Fidelity, while FOXY is a Leveraged Currency fund actively managed by Simplify. Both are actively managed. At a 0.18 correlation, their price movements are largely independent. FFUT charges 0.80%/yr vs 0.81%/yr for FOXY.

Performance

FFUT vs. FOXY - Performance Comparison

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

Returns By Period

In the year-to-date period, FFUT achieves a 12.74% return, which is significantly higher than FOXY's 11.55% return.

FFUT

• 1D: -0.90%
• 1M: 1.16%
• YTD: 12.74%
• 6M: 14.35%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

FOXY

• 1D: 0.27%
• 1M: 1.51%
• YTD: 11.55%
• 6M: 7.50%
• 1Y: 20.91%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

FFUT vs. FOXY - Yearly Performance Comparison

	2026 (YTD)	2025
FFUT Fidelity Managed Futures ETF	12.74%	8.26%
FOXY Simplify Currency Strategy ETF	11.55%	8.39%

Correlation

The correlation between FFUT and FOXY is 0.18, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (All Time) Calculated using the full available price history since Jun 6, 2025	0.18

FFUT vs. FOXY - Sectors Allocation Comparison

Sectors	FFUT	FOXY
Technology	65.3%	-
Financial Services	7.4%	75.1%
Communication Services	5.4%	-
Consumer Cyclical	5.2%	-
Industrials	4.5%	-
Healthcare	4.2%	-
Consumer Defensive	2.4%	-
Energy	2.0%	-
Utilities	1.7%	-
Real Estate	0.9%	-
Basic Materials	0.9%	-

Return for Risk

FFUT vs. FOXY — Risk / Return Rank

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

FOXY

FOXY Risk / Return Rank: 70
FOXY Sharpe Ratio Rank: 63
FOXY Sortino Ratio Rank: 68
FOXY Omega Ratio Rank: 62
FOXY Calmar Ratio Rank: 86
FOXY Martin Ratio Rank: 72

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. FOXY - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Managed Futures ETF (FFUT) and Simplify Currency Strategy ETF (FOXY). 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	FOXY	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	2.13	—
Sharpe Ratio (All Time) Calculated using the full available price history	2.01	1.37	+0.64

Drawdowns

FFUT vs. FOXY - Drawdown Comparison

The maximum FFUT drawdown since its inception was -2.84%, smaller than the maximum FOXY drawdown of -13.09%. Use the drawdown chart below to compare losses from any high point for FFUT and FOXY.

Drawdown Indicators

	FFUT	FOXY	Difference
Max Drawdown Largest peak-to-trough decline	-2.84%	-13.09%	+10.25%
Max Drawdown (1Y) Largest decline over 1 year	—	-4.32%	—
Current Drawdown Current decline from peak	-0.90%	-1.32%	+0.42%
Average Drawdown Average peak-to-trough decline	-0.88%	-2.11%	+1.23%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	1.54%	—

Volatility

Volatility by Period

	FFUT	FOXY	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	2.17%	—
Volatility (6M) Calculated over the trailing 6-month period	—	7.42%	—
Volatility (1Y) Calculated over the trailing 1-year period	11.17%	9.99%	+1.18%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	11.17%	15.07%	-3.90%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	11.17%	15.07%	-3.90%

FFUT vs. FOXY - Expense Ratio Comparison

FFUT has a 0.80% expense ratio, which is lower than FOXY's 0.81% expense ratio.

Dividends

FFUT vs. FOXY - Dividend Comparison

FFUT's dividend yield for the trailing twelve months is around 1.85%, less than FOXY's 8.14% yield.

Position	TTM	2025
FFUT Fidelity Managed Futures ETF	1.85%	2.09%
FOXY Simplify Currency Strategy ETF	8.14%	5.51%

Frequently Asked Questions

Can I hold both FFUT and FOXY in my portfolio?

FFUT and FOXY have a correlation of 0.18, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, FFUT or FOXY?

On fees, FFUT is cheaper at 0.80% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, FFUT or FOXY?

FFUT is cheaper with a 0.80% expense ratio, compared with 0.81% for FOXY.

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

FOXY has the higher dividend yield at 8.14%, compared with 1.85% for FFUT.

What is the main difference between FFUT and FOXY?

FFUT is categorized as Systematic Trend, while FOXY is Leveraged Currency. They also come from different issuers: Fidelity and Simplify. Their fees differ too: 0.80% for FFUT and 0.81% for FOXY.