FLIA vs. FFUT

Last updated Jun 23, 2026

FLIA (Franklin Liberty International Aggregate Bond ETF) and FFUT (Fidelity Managed Futures ETF) are both exchange-traded funds - FLIA is a International Government Bonds fund actively managed by Franklin Templeton, while FFUT is a Systematic Trend fund actively managed by Fidelity. Both are actively managed. Over the past year, FLIA returned 2.80% vs 18.91% for FFUT. At a correlation of -0.26, they often move in opposite directions. FLIA charges 0.25%/yr vs 0.80%/yr for FFUT.

Performance

FLIA vs. FFUT - Performance Comparison

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

Returns By Period

In the year-to-date period, FLIA achieves a 1.68% return, which is significantly lower than FFUT's 9.23% return.

FLIA

• 1D: 0.02%
• 1M: 0.83%
• YTD: 1.68%
• 6M: 1.78%
• 1Y: 2.80%
• 3Y*: 3.51%
• 5Y*: 1.01%
• 10Y*: —

FFUT

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

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

FLIA vs. FFUT - Yearly Performance Comparison

	2026 (YTD)	2025
FLIA Franklin Liberty International Aggregate Bond ETF	1.68%	1.13%
FFUT Fidelity Managed Futures ETF	9.23%	8.58%

Correlation

The correlation between FLIA and FFUT is -0.28, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	-0.28
Correlation (All Time) Calculated using the full available price history since Jun 5, 2025	-0.26

Return for Risk

FLIA vs. FFUT — Risk / Return Rank

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

FLIA

FLIA Risk / Return Rank: 25
FLIA Sharpe Ratio Rank: 24
FLIA Sortino Ratio Rank: 23
FLIA Omega Ratio Rank: 23
FLIA Calmar Ratio Rank: 29
FLIA Martin Ratio Rank: 27

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

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.

FLIA vs. FFUT - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Franklin Liberty International Aggregate Bond ETF (FLIA) and Fidelity Managed Futures ETF (FFUT). 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.

	FLIA	FFUT	Difference
Sharpe ratio: Return per unit of total volatility	0.85	1.69	-0.85
Sortino ratio: Return per unit of downside risk	1.24	2.42	-1.18
Omega ratio: Gain probability vs. loss probability	1.15	1.33	-0.17
Calmar ratio: Return relative to maximum drawdown	1.38	4.77	-3.39
Martin ratio: Return relative to average drawdown	3.62	15.04	-11.42

FLIA vs. FFUT - Sharpe Ratio Comparison

The current FLIA Sharpe Ratio is 0.85, which is lower than the FFUT Sharpe Ratio of 1.69. The chart below compares the historical Sharpe Ratios of FLIA and FFUT, 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

FLIA vs. FFUT - Drawdown Comparison

The maximum FLIA drawdown since its inception was -11.24%, which is greater than FFUT's maximum drawdown of -3.98%. Use the drawdown chart below to compare losses from any high point for FLIA and FFUT.

Drawdown Indicators

	FLIA	FFUT	Difference
Max Drawdown Largest peak-to-trough decline	-11.24%	-3.98%	-7.26%
Max Drawdown (1Y) Largest decline over 1 year	-2.04%	-3.98%	+1.94%
Max Drawdown (3Y) Largest decline over 3 years	-2.77%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-9.42%	—	—
Current Drawdown Current decline from peak	-0.15%	-3.98%	+3.83%
Average Drawdown Average peak-to-trough decline	-3.78%	-0.94%	-2.84%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.78%	1.26%	-0.48%

Volatility

FLIA vs. FFUT - Volatility Comparison

The current volatility for Franklin Liberty International Aggregate Bond ETF (FLIA) is 0.64%, while Fidelity Managed Futures ETF (FFUT) has a volatility of 2.92%. This indicates that FLIA experiences smaller price fluctuations and is considered to be less risky than FFUT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FLIA	FFUT	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.64%	2.92%	-2.28%
Volatility (6M) Calculated over the trailing 6-month period	2.50%	8.96%	-6.46%
Volatility (1Y) Calculated over the trailing 1-year period	3.32%	11.23%	-7.91%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	4.42%	11.03%	-6.61%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	4.70%	11.03%	-6.33%

FLIA vs. FFUT - Expense Ratio Comparison

FLIA has a 0.25% expense ratio, which is lower than FFUT's 0.80% expense ratio.

Dividends

FLIA vs. FFUT - Dividend Comparison

FLIA's dividend yield for the trailing twelve months is around 2.68%, more than FFUT's 1.91% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018
FFUT Fidelity Managed Futures ETF	1.91%	2.09%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
FLIA Franklin Liberty International Aggregate Bond ETF	2.68%	2.62%	2.97%	0.93%	18.12%	2.26%	0.43%	2.93%	1.23%

Frequently Asked Questions

Can I hold both FLIA and FFUT in my portfolio?

FLIA and FFUT have a correlation of -0.28, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, FLIA or FFUT?

FFUT has higher volatility (2.92%) compared to FLIA (0.64%). In terms of maximum drawdown, FLIA dropped -11.24% vs FFUT's -3.98%.

Which ETF is better, FLIA or FFUT?

On 1-year performance, FFUT leads with 18.91% vs 2.80% for FLIA. On fees, FLIA is cheaper at 0.25% per year. On volatility, FLIA has been the lower-risk option at 0.64%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, FLIA or FFUT?

Over the 1-year period, FFUT has performed better with a 18.91% return vs 2.80%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, FLIA or FFUT?

FLIA is cheaper with a 0.25% expense ratio, compared with 0.80% for FFUT.

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

FLIA has the higher dividend yield at 2.68%, compared with 1.91% for FFUT.

What is the main difference between FLIA and FFUT?

FLIA is categorized as International Government Bonds, while FFUT is Systematic Trend. They also come from different issuers: Franklin Templeton and Fidelity. Their fees differ too: 0.25% for FLIA and 0.80% for FFUT.

Which has better risk-adjusted returns?

FFUT currently has the higher Sharpe Ratio (1.69 vs 0.85), 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.