FFUT vs. SDMF

Last updated Jun 4, 2026

FFUT (Fidelity Managed Futures ETF) and SDMF (Simplify DBi CTA Managed Futures Index ETF) are both Systematic Trend funds. FFUT is actively managed, while SDMF is passively managed. At a 0.36 correlation, their price movements are largely independent. FFUT charges 0.80%/yr vs 0.35%/yr for SDMF.

Performance

FFUT vs. SDMF - Performance Comparison

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

Returns By Period

FFUT

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

SDMF

• 1D: 0.09%
• 1M: 2.33%
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

FFUT vs. SDMF - Yearly Performance Comparison

	2026 (YTD)
FFUT Fidelity Managed Futures ETF	8.54%
SDMF Simplify DBi CTA Managed Futures Index ETF	3.37%

Correlation

The correlation between FFUT and SDMF is 0.36, 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 Feb 20, 2026	0.36

Return for Risk

FFUT vs. SDMF - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Managed Futures ETF (FFUT) and Simplify DBi CTA Managed Futures Index ETF (SDMF). 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	SDMF	Difference
Sharpe Ratio (All Time) Calculated using the full available price history	2.01	0.93	+1.07

Drawdowns

FFUT vs. SDMF - Drawdown Comparison

The maximum FFUT drawdown since its inception was -2.84%, smaller than the maximum SDMF drawdown of -6.23%. Use the drawdown chart below to compare losses from any high point for FFUT and SDMF.

Drawdown Indicators

	FFUT	SDMF	Difference
Max Drawdown Largest peak-to-trough decline	-2.84%	-6.23%	+3.39%
Current Drawdown Current decline from peak	-0.90%	0.00%	-0.90%
Average Drawdown Average peak-to-trough decline	-0.88%	-2.26%	+1.38%

Volatility

Volatility by Period

	FFUT	SDMF	Difference
Volatility (1Y) Calculated over the trailing 1-year period	11.17%	13.27%	-2.10%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	11.17%	13.27%	-2.10%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	11.17%	13.27%	-2.10%

FFUT vs. SDMF - Expense Ratio Comparison

FFUT has a 0.80% expense ratio, which is higher than SDMF's 0.35% expense ratio.

Dividends

FFUT vs. SDMF - Dividend Comparison

FFUT's dividend yield for the trailing twelve months is around 1.85%, while SDMF has not paid dividends to shareholders.

Position	TTM	2025
FFUT Fidelity Managed Futures ETF	1.85%	2.09%
SDMF Simplify DBi CTA Managed Futures Index ETF	0.00%	0.00%

Frequently Asked Questions

Can I hold both FFUT and SDMF in my portfolio?

FFUT and SDMF have a correlation of 0.36, 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 SDMF?

On fees, SDMF is cheaper at 0.35% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, FFUT or SDMF?

SDMF is cheaper with a 0.35% expense ratio, compared with 0.80% for FFUT.

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

FFUT has the higher dividend yield at 1.85%, compared with 0.00% for SDMF.

What is the main difference between FFUT and SDMF?

They also come from different issuers: Fidelity and Simplify. Their fees differ too: 0.80% for FFUT and 0.35% for SDMF.