FVC vs. WTMF
FVC (First Trust Dorsey Wright Dynamic Focus 5 ETF) and WTMF (WisdomTree Managed Futures Strategy Fund) are both Hedge Fund funds - FVC tracks the Dorsey Wright Dynamic Focus Five Index while WTMF tracks the WisdomTree Managed Futures Index. Both are passively managed. Over the past 10 years, FVC returned 7.65%/yr vs 3.37%/yr for WTMF. At a 0.24 correlation, their price movements are largely independent. FVC charges 0.71%/yr vs 0.65%/yr for WTMF.
Performance
FVC vs. WTMF - Performance Comparison
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Returns By Period
In the year-to-date period, FVC achieves a 11.37% return, which is significantly higher than WTMF's 7.79% return. Over the past 10 years, FVC has outperformed WTMF with an annualized return of 7.65%, while WTMF has yielded a comparatively lower 3.37% annualized return.
FVC
- 1D
- -1.44%
- 1M
- -2.87%
- 6M
- 4.92%
- YTD
- 11.37%
- 1Y
- 15.81%
- 3Y*
- 7.36%
- 5Y*
- 4.40%
- 10Y*
- 7.65%
WTMF
- 1D
- -0.47%
- 1M
- -0.41%
- 6M
- 4.02%
- YTD
- 7.79%
- 1Y
- 18.41%
- 3Y*
- 9.49%
- 5Y*
- 6.23%
- 10Y*
- 3.37%
FVC vs. WTMF - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FVC First Trust Dorsey Wright Dynamic Focus 5 ETF | 11.37% | 2.12% | 12.43% | -4.59% | -6.03% | 21.92% | 12.71% | 19.28% | -8.60% | 19.74% |
WTMF WisdomTree Managed Futures Strategy Fund | 7.79% | 12.17% | 3.20% | 16.72% | -6.52% | 9.48% | 0.48% | -2.75% | 0.24% | -3.40% |
Correlation
The correlation between FVC and WTMF is 0.51, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.51 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.47 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.41 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.24 |
Correlation (All Time) Calculated using the full available price history since Mar 18, 2016 | 0.24 |
Over the past year, FVC and WTMF have become more correlated (0.51) than their long-term average of 0.24, meaning their price movements have been converging.
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Return for Risk
FVC vs. WTMF — Risk / Return Rank
FVC
WTMF
FVC vs. WTMF - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for First Trust Dorsey Wright Dynamic Focus 5 ETF (FVC) and WisdomTree Managed Futures Strategy Fund (WTMF). 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.
| FVC | WTMF | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.03 | ||
| Sortino ratioReturn per unit of downside risk | -1.31 | ||
| Omega ratioGain probability vs. loss probability | 1.20 | 1.39 | -0.19 |
| Calmar ratioReturn relative to maximum drawdown | 1.19 | 4.58 | -3.39 |
| Martin ratioReturn relative to average drawdown | 4.43 | 18.03 | -13.60 |
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Drawdowns
FVC vs. WTMF - Drawdown Comparison
The maximum FVC drawdown since its inception was -30.96%, roughly equal to the maximum WTMF drawdown of -30.79%. Use the drawdown chart below to compare losses from any high point for FVC and WTMF.
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Drawdown Indicators
| FVC | WTMF | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -30.96% | -30.79% | -0.17% |
Max Drawdown (1Y)Largest decline over 1 year | -13.32% | -4.04% | -9.28% |
Max Drawdown (3Y)Largest decline over 3 years | -14.75% | -9.93% | -4.82% |
Max Drawdown (5Y)Largest decline over 5 years | -22.62% | -13.21% | -9.41% |
Max Drawdown (10Y)Largest decline over 10 years | -30.96% | -14.83% | -16.13% |
Current DrawdownCurrent decline from peak | -7.53% | -1.15% | -6.38% |
Average DrawdownAverage peak-to-trough decline | -7.01% | -17.58% | +10.57% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.58% | 1.02% | +2.56% |
Volatility
FVC vs. WTMF - Volatility Comparison
First Trust Dorsey Wright Dynamic Focus 5 ETF (FVC) has a higher volatility of 7.63% compared to WisdomTree Managed Futures Strategy Fund (WTMF) at 2.44%. This indicates that FVC's price experiences larger fluctuations and is considered to be riskier than WTMF based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FVC | WTMF | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.63% | 2.44% | +5.19% |
Volatility (6M)Calculated over the trailing 6-month period | 14.86% | 7.25% | +7.61% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.81% | 9.10% | +6.71% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.70% | 9.49% | +7.21% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.75% | 8.11% | +9.64% |
FVC vs. WTMF - Expense Ratio Comparison
FVC has a 0.71% expense ratio, which is higher than WTMF's 0.65% expense ratio.
Dividends
FVC vs. WTMF - Dividend Comparison
FVC's dividend yield for the trailing twelve months is around 1.36%, less than WTMF's 2.82% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
FVC First Trust Dorsey Wright Dynamic Focus 5 ETF | 1.36% | 2.57% | 0.78% | 1.89% | 1.50% | 0.09% | 0.21% | 1.07% | 0.24% | 0.63% | 0.67% |
WTMF WisdomTree Managed Futures Strategy Fund | 2.82% | 3.04% | 3.57% | 4.74% | 5.29% | 14.71% | 0.47% | 1.63% | 3.59% | 0.00% | 0.00% |
Frequently Asked Questions
FVC and WTMF have a correlation of 0.51, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FVC has higher volatility (7.63%) compared to WTMF (2.44%). In terms of maximum drawdown, FVC dropped -30.96% vs WTMF's -30.79%.
On 10-year performance, FVC leads with 7.65% vs 3.37% for WTMF. On fees, WTMF is cheaper at 0.65% per year. On volatility, WTMF has been the lower-risk option at 2.44%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 10-year period, FVC has performed better with a 7.65% return vs 3.37%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
WTMF is cheaper with a 0.65% expense ratio, compared with 0.71% for FVC.
WTMF has the higher dividend yield at 2.82%, compared with 1.36% for FVC.
FVC tracks Dorsey Wright Dynamic Focus Five Index, while WTMF tracks WisdomTree Managed Futures Index. They also come from different issuers: First Trust and WisdomTree. Their fees differ too: 0.71% for FVC and 0.65% for WTMF.
WTMF currently has the higher Sharpe Ratio (2.03 vs 1.00), 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.
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