FMF vs. CTA
Compare and contrast key facts about First Trust Managed Futures Strategy Fund (FMF) and Simplify Managed Futures Strategy ETF (CTA).
FMF and CTA are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. FMF is an actively managed fund by First Trust. It was launched on Aug 1, 2013. CTA is an actively managed fund by Simplify. It was launched on Mar 7, 2022.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FMF or CTA.
Correlation
The correlation between FMF and CTA is 0.22, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Performance
FMF vs. CTA - Performance Comparison
Key characteristics
FMF:
-0.65
CTA:
1.51
FMF:
-0.87
CTA:
2.31
FMF:
0.90
CTA:
1.26
FMF:
-0.54
CTA:
2.30
FMF:
-1.46
CTA:
4.57
FMF:
3.43%
CTA:
4.20%
FMF:
7.64%
CTA:
12.76%
FMF:
-20.32%
CTA:
-18.07%
FMF:
-7.82%
CTA:
-4.11%
Returns By Period
In the year-to-date period, FMF achieves a -3.23% return, which is significantly lower than CTA's 3.86% return.
FMF
-3.23%
-0.86%
1.16%
-4.69%
3.20%
0.17%
CTA
3.86%
-0.35%
13.53%
17.83%
N/A
N/A
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FMF vs. CTA - Expense Ratio Comparison
FMF has a 0.95% expense ratio, which is higher than CTA's 0.78% expense ratio.
Risk-Adjusted Performance
FMF vs. CTA — Risk-Adjusted Performance Rank
FMF
CTA
FMF vs. CTA - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for First Trust Managed Futures Strategy Fund (FMF) and Simplify Managed Futures Strategy ETF (CTA). 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.
Dividends
FMF vs. CTA - Dividend Comparison
FMF's dividend yield for the trailing twelve months is around 4.81%, more than CTA's 4.53% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FMF First Trust Managed Futures Strategy Fund | 4.81% | 4.84% | 3.09% | 0.41% | 3.29% | 0.02% | 1.05% | 1.56% | 0.82% | 0.00% | 0.00% | 2.43% |
CTA Simplify Managed Futures Strategy ETF | 4.53% | 4.80% | 7.78% | 6.58% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
FMF vs. CTA - Drawdown Comparison
The maximum FMF drawdown since its inception was -20.32%, which is greater than CTA's maximum drawdown of -18.07%. Use the drawdown chart below to compare losses from any high point for FMF and CTA. For additional features, visit the drawdowns tool.
Volatility
FMF vs. CTA - Volatility Comparison
The current volatility for First Trust Managed Futures Strategy Fund (FMF) is 1.73%, while Simplify Managed Futures Strategy ETF (CTA) has a volatility of 4.15%. This indicates that FMF experiences smaller price fluctuations and is considered to be less risky than CTA based on this measure. The chart below showcases a comparison of their rolling one-month volatility.