FMF vs. KMLM
Compare and contrast key facts about First Trust Managed Futures Strategy Fund (FMF) and KFA Mount Lucas Index Strategy ETF (KMLM).
FMF and KMLM 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. KMLM is an actively managed fund by CICC. It was launched on Dec 2, 2020.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FMF or KMLM.
Correlation
The correlation between FMF and KMLM is 0.06, 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. KMLM - Performance Comparison
Key characteristics
FMF:
-0.49
KMLM:
-1.33
FMF:
-0.63
KMLM:
-1.78
FMF:
0.93
KMLM:
0.80
FMF:
-0.41
KMLM:
-0.49
FMF:
-1.17
KMLM:
-1.58
FMF:
3.34%
KMLM:
9.07%
FMF:
7.97%
KMLM:
10.82%
FMF:
-20.32%
KMLM:
-29.10%
FMF:
-8.53%
KMLM:
-29.10%
Returns By Period
In the year-to-date period, FMF achieves a -3.97% return, which is significantly higher than KMLM's -7.26% return.
FMF
-3.97%
-1.54%
0.29%
-4.28%
3.26%
0.27%
KMLM
-7.26%
-4.89%
-5.86%
-15.54%
N/A
N/A
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FMF vs. KMLM - Expense Ratio Comparison
FMF has a 0.95% expense ratio, which is higher than KMLM's 0.90% expense ratio.
Risk-Adjusted Performance
FMF vs. KMLM — Risk-Adjusted Performance Rank
FMF
KMLM
FMF vs. KMLM - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for First Trust Managed Futures Strategy Fund (FMF) and KFA Mount Lucas Index Strategy ETF (KMLM). 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. KMLM - Dividend Comparison
FMF's dividend yield for the trailing twelve months is around 4.84%, more than KMLM's 0.88% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FMF First Trust Managed Futures Strategy Fund | 4.84% | 4.84% | 3.09% | 0.41% | 3.29% | 0.02% | 1.05% | 1.56% | 0.82% | 0.00% | 0.00% | 2.43% |
KMLM KFA Mount Lucas Index Strategy ETF | 0.88% | 0.82% | 0.00% | 8.12% | 6.94% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
FMF vs. KMLM - Drawdown Comparison
The maximum FMF drawdown since its inception was -20.32%, smaller than the maximum KMLM drawdown of -29.10%. Use the drawdown chart below to compare losses from any high point for FMF and KMLM. For additional features, visit the drawdowns tool.
Volatility
FMF vs. KMLM - Volatility Comparison
First Trust Managed Futures Strategy Fund (FMF) has a higher volatility of 2.90% compared to KFA Mount Lucas Index Strategy ETF (KMLM) at 2.46%. This indicates that FMF's price experiences larger fluctuations and is considered to be riskier than KMLM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.