FFUT vs. IALT

Last updated Jun 23, 2026

FFUT (Fidelity Managed Futures ETF) and IALT (iShares Systematic Alternatives Active ETF) are both exchange-traded funds - FFUT is a Systematic Trend fund actively managed by Fidelity, while IALT is a Multistrategy fund actively managed by iShares. Both are actively managed. At a 0.07 correlation, their price movements are largely independent. FFUT charges 0.80%/yr vs 0.99%/yr for IALT.

Performance

FFUT vs. IALT - Performance Comparison

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

Returns By Period

In the year-to-date period, FFUT achieves a 9.23% return, which is significantly lower than IALT's 12.39% return.

FFUT

• 1D: -0.52%
• 1M: -2.34%
• YTD: 9.23%
• 6M: 9.36%
• 1Y: 18.91%
• 3Y*: —
• 5Y*: —
• 10Y*: —

IALT

• 1D: 0.18%
• 1M: 0.94%
• YTD: 12.39%
• 6M: 12.32%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

FFUT vs. IALT - Yearly Performance Comparison

	2026 (YTD)	2025
FFUT Fidelity Managed Futures ETF	9.23%	0.93%
IALT iShares Systematic Alternatives Active ETF	12.39%	0.83%

Correlation

The correlation between FFUT and IALT is 0.07, 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 Dec 10, 2025	0.07

Return for Risk

FFUT vs. IALT — Risk / Return Rank

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

FFUT

FFUT Risk / Return Rank: 64
FFUT Sharpe Ratio Rank: 51
FFUT Sortino Ratio Rank: 51
FFUT Omega Ratio Rank: 54
FFUT Calmar Ratio Rank: 87
FFUT Martin Ratio Rank: 80

IALT

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

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. IALT - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Managed Futures ETF (FFUT) and iShares Systematic Alternatives Active ETF (IALT). 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	IALT	Difference
Sharpe ratio: Return per unit of total volatility	1.69	—	—
Sortino ratio: Return per unit of downside risk	2.42	—	—
Omega ratio: Gain probability vs. loss probability	1.33	—	—
Calmar ratio: Return relative to maximum drawdown	4.77	—	—
Martin ratio: Return relative to average drawdown	15.04	—	—

Drawdowns

FFUT vs. IALT - Drawdown Comparison

The maximum FFUT drawdown since its inception was -3.98%, which is greater than IALT's maximum drawdown of -2.27%. Use the drawdown chart below to compare losses from any high point for FFUT and IALT.

Drawdown Indicators

	FFUT	IALT	Difference
Max Drawdown Largest peak-to-trough decline	-3.98%	-2.27%	-1.71%
Max Drawdown (1Y) Largest decline over 1 year	-3.98%	—	—
Current Drawdown Current decline from peak	-3.98%	-0.74%	-3.24%
Average Drawdown Average peak-to-trough decline	-0.94%	-0.38%	-0.56%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.26%	—	—

Volatility

Volatility by Period

	FFUT	IALT	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.92%	—	—
Volatility (6M) Calculated over the trailing 6-month period	8.96%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	11.23%	7.81%	+3.42%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	11.03%	7.81%	+3.22%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	11.03%	7.81%	+3.22%

FFUT vs. IALT - Expense Ratio Comparison

FFUT has a 0.80% expense ratio, which is lower than IALT's 0.99% expense ratio.

Dividends

FFUT vs. IALT - Dividend Comparison

FFUT's dividend yield for the trailing twelve months is around 1.91%, more than IALT's 0.40% yield.

Position	TTM	2025
FFUT Fidelity Managed Futures ETF	1.91%	2.09%
IALT iShares Systematic Alternatives Active ETF	0.40%	0.14%

Frequently Asked Questions

Can I hold both FFUT and IALT in my portfolio?

FFUT and IALT have a correlation of 0.07, 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 IALT?

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 IALT?

FFUT is cheaper with a 0.80% expense ratio, compared with 0.99% for IALT.

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

FFUT has the higher dividend yield at 1.91%, compared with 0.40% for IALT.

What is the main difference between FFUT and IALT?

FFUT is categorized as Systematic Trend, while IALT is Multistrategy. They also come from different issuers: Fidelity and iShares. Their fees differ too: 0.80% for FFUT and 0.99% for IALT.