IBDT vs. FFUT

Last updated Jun 4, 2026

IBDT (iShares iBonds Dec 2028 Term Corporate ETF) and FFUT (Fidelity Managed Futures ETF) are both exchange-traded funds - IBDT is a Corporate Bonds fund tracking the Bloomberg December 2028 Maturity Corporate Index, while FFUT is a Systematic Trend fund actively managed by Fidelity. IBDT is passively managed, while FFUT is actively managed. At a correlation of -0.32, they often move in opposite directions. IBDT charges 0.10%/yr vs 0.80%/yr for FFUT.

Performance

IBDT vs. FFUT - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares iBonds Dec 2028 Term Corporate ETF (IBDT) 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, IBDT achieves a 0.78% return, which is significantly lower than FFUT's 12.74% return.

IBDT

• 1D: -0.06%
• 1M: 0.27%
• YTD: 0.78%
• 6M: 1.15%
• 1Y: 4.55%
• 3Y*: 5.51%
• 5Y*: 1.39%
• 10Y*: —

FFUT

• 1D: -0.90%
• 1M: 1.16%
• YTD: 12.74%
• 6M: 14.35%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

IBDT vs. FFUT - Yearly Performance Comparison

	2026 (YTD)	2025
IBDT iShares iBonds Dec 2028 Term Corporate ETF	0.78%	3.70%
FFUT Fidelity Managed Futures ETF	12.74%	8.26%

Correlation

The correlation between IBDT and FFUT is -0.32, 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 (All Time) Calculated using the full available price history since Jun 6, 2025	-0.32

Return for Risk

IBDT vs. FFUT — Risk / Return Rank

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

IBDT

IBDT Risk / Return Rank: 88
IBDT Sharpe Ratio Rank: 85
IBDT Sortino Ratio Rank: 92
IBDT Omega Ratio Rank: 90
IBDT Calmar Ratio Rank: 83
IBDT Martin Ratio Rank: 89

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.

IBDT vs. FFUT - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares iBonds Dec 2028 Term Corporate ETF (IBDT) 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.

	IBDT	FFUT	Difference
Sharpe ratio Return per unit of total volatility	2.81	—	—
Sortino ratio Return per unit of downside risk	4.50	—	—
Omega ratio Gain probability vs. loss probability	1.59	—	—
Calmar ratio Return relative to maximum drawdown	4.44	—	—
Martin ratio Return relative to average drawdown	20.21	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	IBDT	FFUT	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.81	—	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.28	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.61	2.01	-1.39

Drawdowns

IBDT vs. FFUT - Drawdown Comparison

The maximum IBDT drawdown since its inception was -17.79%, which is greater than FFUT's maximum drawdown of -2.84%. Use the drawdown chart below to compare losses from any high point for IBDT and FFUT.

Drawdown Indicators

	IBDT	FFUT	Difference
Max Drawdown Largest peak-to-trough decline	-17.79%	-2.84%	-14.95%
Max Drawdown (1Y) Largest decline over 1 year	-1.03%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-3.19%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-17.68%	—	—
Current Drawdown Current decline from peak	-0.09%	-0.90%	+0.81%
Average Drawdown Average peak-to-trough decline	-4.16%	-0.88%	-3.28%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.23%	—	—

Volatility

Volatility by Period

	IBDT	FFUT	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.34%	—	—
Volatility (6M) Calculated over the trailing 6-month period	1.04%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	1.62%	11.17%	-9.55%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	5.07%	11.17%	-6.10%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	6.37%	11.17%	-4.80%

IBDT vs. FFUT - Expense Ratio Comparison

IBDT has a 0.10% expense ratio, which is lower than FFUT's 0.80% expense ratio.

Dividends

IBDT vs. FFUT - Dividend Comparison

IBDT's dividend yield for the trailing twelve months is around 4.55%, more than FFUT's 1.85% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018
FFUT Fidelity Managed Futures ETF	1.85%	2.09%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
IBDT iShares iBonds Dec 2028 Term Corporate ETF	4.55%	4.56%	4.67%	4.10%	3.25%	2.45%	2.80%	3.32%	1.47%

Frequently Asked Questions

Can I hold both IBDT and FFUT in my portfolio?

IBDT and FFUT have a correlation of -0.32, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, IBDT or FFUT?

On fees, IBDT is cheaper at 0.10% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, IBDT or FFUT?

IBDT is cheaper with a 0.10% expense ratio, compared with 0.80% for FFUT.

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

IBDT has the higher dividend yield at 4.55%, compared with 1.85% for FFUT.

What is the main difference between IBDT and FFUT?

IBDT is categorized as Corporate Bonds, while FFUT is Systematic Trend. They also come from different issuers: iShares and Fidelity. Their fees differ too: 0.10% for IBDT and 0.80% for FFUT.