ICF vs. FFUT
ICF (iShares Cohen & Steers REIT ETF) and FFUT (Fidelity Managed Futures ETF) are both exchange-traded funds - ICF is a REIT fund tracking the Cohen & Steers Realty Majors Index, while FFUT is a Systematic Trend fund actively managed by Fidelity. ICF is passively managed, while FFUT is actively managed. Over the past year, ICF returned 11.84% vs 19.53% for FFUT. At a correlation of -0.11, they often move in opposite directions. ICF charges 0.34%/yr vs 0.80%/yr for FFUT.
Performance
ICF vs. FFUT - Performance Comparison
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Returns By Period
In the year-to-date period, ICF achieves a 13.03% return, which is significantly higher than FFUT's 9.80% return.
ICF
- 1D
- -0.37%
- 1M
- -1.41%
- YTD
- 13.03%
- 6M
- 14.35%
- 1Y
- 11.84%
- 3Y*
- 9.48%
- 5Y*
- 3.19%
- 10Y*
- 5.47%
FFUT
- 1D
- -0.37%
- 1M
- -2.09%
- YTD
- 9.80%
- 6M
- 10.73%
- 1Y
- 19.53%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
ICF vs. FFUT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
ICF iShares Cohen & Steers REIT ETF | 13.03% | -1.03% |
FFUT Fidelity Managed Futures ETF | 9.80% | 8.58% |
Correlation
The correlation between ICF and FFUT is -0.12, 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 (1Y) Calculated over the trailing 1-year period | -0.12 |
Correlation (All Time) Calculated using the full available price history since Jun 5, 2025 | -0.11 |
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Return for Risk
ICF vs. FFUT — Risk / Return Rank
ICF
FFUT
ICF vs. FFUT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Cohen & Steers REIT ETF (ICF) 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.
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.
| ICF | FFUT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.88 | ||
| Sortino ratioReturn per unit of downside risk | -1.24 | ||
| Omega ratioGain probability vs. loss probability | 1.15 | 1.33 | -0.18 |
| Calmar ratioReturn relative to maximum drawdown | 1.44 | 5.14 | -3.70 |
| Martin ratioReturn relative to average drawdown | 4.06 | 15.50 | -11.44 |
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Drawdowns
ICF vs. FFUT - Drawdown Comparison
The maximum ICF drawdown since its inception was -76.74%, which is greater than FFUT's maximum drawdown of -3.73%. Use the drawdown chart below to compare losses from any high point for ICF and FFUT.
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Drawdown Indicators
| ICF | FFUT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -76.74% | -3.73% | -73.01% |
Max Drawdown (1Y)Largest decline over 1 year | -8.20% | -3.73% | -4.47% |
Max Drawdown (3Y)Largest decline over 3 years | -17.25% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -34.74% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -40.22% | — | — |
Current DrawdownCurrent decline from peak | -3.34% | -3.48% | +0.14% |
Average DrawdownAverage peak-to-trough decline | -14.15% | -0.93% | -13.22% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.90% | 1.24% | +1.66% |
Volatility
ICF vs. FFUT - Volatility Comparison
iShares Cohen & Steers REIT ETF (ICF) has a higher volatility of 4.90% compared to Fidelity Managed Futures ETF (FFUT) at 2.96%. This indicates that ICF's price experiences larger fluctuations and is considered to be riskier than FFUT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ICF | FFUT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.90% | 2.96% | +1.94% |
Volatility (6M)Calculated over the trailing 6-month period | 10.55% | 8.94% | +1.61% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.12% | 11.20% | +2.92% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.97% | 11.04% | +7.93% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.61% | 11.04% | +9.57% |
ICF vs. FFUT - Expense Ratio Comparison
ICF has a 0.34% expense ratio, which is lower than FFUT's 0.80% expense ratio.
Dividends
ICF vs. FFUT - Dividend Comparison
ICF's dividend yield for the trailing twelve months is around 2.48%, more than FFUT's 1.90% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FFUT Fidelity Managed Futures ETF | 1.90% | 2.09% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
ICF iShares Cohen & Steers REIT ETF | 2.48% | 2.88% | 2.66% | 2.76% | 2.64% | 1.82% | 2.38% | 2.55% | 3.20% | 3.10% | 4.21% | 3.30% |
Frequently Asked Questions
ICF and FFUT have a correlation of -0.12, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
ICF has higher volatility (4.90%) compared to FFUT (2.96%). In terms of maximum drawdown, ICF dropped -76.74% vs FFUT's -3.73%.
On 1-year performance, FFUT leads with 19.53% vs 11.84% for ICF. On fees, ICF is cheaper at 0.34% per year. On volatility, FFUT has been the lower-risk option at 2.96%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, FFUT has performed better with a 19.53% return vs 11.84%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
ICF is cheaper with a 0.34% expense ratio, compared with 0.80% for FFUT.
ICF has the higher dividend yield at 2.48%, compared with 1.90% for FFUT.
ICF is categorized as REIT, while FFUT is Systematic Trend. They also come from different issuers: iShares and Fidelity. Their fees differ too: 0.34% for ICF and 0.80% for FFUT.
FFUT currently has the higher Sharpe Ratio (1.71 vs 0.84), 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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