IALT vs. FFUT

Last updated Apr 1, 2026

Compare and contrast key facts about iShares Systematic Alternatives Active ETF (IALT) and Fidelity Managed Futures ETF (FFUT).

IALT and FFUT are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. IALT is an actively managed fund by iShares. It was launched on Dec 9, 2025. FFUT is an actively managed fund by Fidelity. It was launched on Jun 3, 2025.

Performance

IALT vs. FFUT - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares Systematic Alternatives Active ETF (IALT) and Fidelity Managed Futures ETF (FFUT). The values are adjusted to include any dividend payments, if applicable.

IALT vs. FFUT - Yearly Performance Comparison

	2026 (YTD)	2025
IALT iShares Systematic Alternatives Active ETF	7.75%	0.73%
FFUT Fidelity Managed Futures ETF	7.42%	0.68%

Returns By Period

The year-to-date returns for both stocks are quite close, with IALT having a 7.75% return and FFUT slightly lower at 7.42%.

IALT

• 1D: 0.82%
• 1M: 3.45%
• YTD: 7.75%
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

FFUT

• 1D: -0.55%
• 1M: 2.31%
• YTD: 7.42%
• 6M: 11.94%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

IALT vs. FFUT - Expense Ratio Comparison

IALT has a 0.99% expense ratio, which is higher than FFUT's 0.80% expense ratio.

IALT

iShares Systematic Alternatives Active ETF

FFUT

Fidelity Managed Futures ETF

Return for Risk

IALT vs. FFUT - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares Systematic Alternatives Active ETF (IALT) 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.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Sharpe Ratios by Period

	IALT	FFUT	Difference
Sharpe Ratio (All Time) Calculated using the full available price history	4.40	1.86	+2.55

Correlation

The correlation between IALT and FFUT is 0.19, 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.

Dividends

IALT vs. FFUT - Dividend Comparison

IALT's dividend yield for the trailing twelve months is around 0.13%, less than FFUT's 1.95% yield.

	TTM	2025
IALT iShares Systematic Alternatives Active ETF	0.13%	0.14%
FFUT Fidelity Managed Futures ETF	1.95%	2.09%

Drawdowns

IALT vs. FFUT - Drawdown Comparison

The maximum IALT drawdown since its inception was -1.28%, smaller than the maximum FFUT drawdown of -2.84%. Use the drawdown chart below to compare losses from any high point for IALT and FFUT.

Drawdown Indicators

	IALT	FFUT	Difference
Max Drawdown Largest peak-to-trough decline	-1.28%	-2.84%	+1.56%
Current Drawdown Current decline from peak	0.00%	-1.59%	+1.59%
Average Drawdown Average peak-to-trough decline	-0.26%	-0.89%	+0.63%

Volatility

Volatility by Period

	IALT	FFUT	Difference
Volatility (1Y) Calculated over the trailing 1-year period	7.25%	11.01%	-3.76%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	7.25%	11.01%	-3.76%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	7.25%	11.01%	-3.76%