IMF vs. LLII

Last updated Jun 4, 2026

IMF (Invesco Managed Futures Strategy ETF) and LLII (REX LLY Growth & Income ETF) are both exchange-traded funds - IMF is a Systematic Trend fund actively managed by Invesco, while LLII is a Derivative Income fund actively managed by REX. Both are actively managed. At a correlation of -0.04, they often move in opposite directions. IMF charges 0.65%/yr vs 0.99%/yr for LLII.

Performance

IMF vs. LLII - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Invesco Managed Futures Strategy ETF (IMF) and REX LLY Growth & Income ETF (LLII). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, IMF achieves a 14.07% return, which is significantly higher than LLII's -4.28% return.

IMF

• 1D: 0.01%
• 1M: 0.95%
• YTD: 14.07%
• 6M: 18.34%
• 1Y: 20.55%
• 3Y*: —
• 5Y*: —
• 10Y*: —

LLII

• 1D: 1.47%
• 1M: 9.79%
• YTD: -4.28%
• 6M: 0.70%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

IMF vs. LLII - Yearly Performance Comparison

	2026 (YTD)	2025
IMF Invesco Managed Futures Strategy ETF	14.07%	5.95%
LLII REX LLY Growth & Income ETF	-4.28%	19.03%

Correlation

The correlation between IMF and LLII is -0.04, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (All Time) Calculated using the full available price history since Nov 5, 2025	-0.04

Return for Risk

IMF vs. LLII — Risk / Return Rank

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

IMF

IMF Risk / Return Rank: 69
IMF Sharpe Ratio Rank: 59
IMF Sortino Ratio Rank: 54
IMF Omega Ratio Rank: 64
IMF Calmar Ratio Rank: 91
IMF Martin Ratio Rank: 78

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.

IMF vs. LLII - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco Managed Futures Strategy ETF (IMF) and REX LLY Growth & Income ETF (LLII). 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.

	IMF	LLII	Difference
Sharpe ratio: Return per unit of total volatility	1.99	—	—
Sortino ratio: Return per unit of downside risk	2.60	—	—
Omega ratio: Gain probability vs. loss probability	1.39	—	—
Calmar ratio: Return relative to maximum drawdown	5.75	—	—
Martin ratio: Return relative to average drawdown	15.12	—	—
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

	IMF	LLII	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.99	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.33	0.71	-0.38

Drawdowns

IMF vs. LLII - Drawdown Comparison

The maximum IMF drawdown since its inception was -15.10%, smaller than the maximum LLII drawdown of -23.96%. Use the drawdown chart below to compare losses from any high point for IMF and LLII.

Drawdown Indicators

	IMF	LLII	Difference
Max Drawdown Largest peak-to-trough decline	-15.10%	-23.96%	+8.86%
Max Drawdown (1Y) Largest decline over 1 year	-3.59%	—	—
Current Drawdown Current decline from peak	-0.83%	-6.88%	+6.05%
Average Drawdown Average peak-to-trough decline	-8.41%	-9.28%	+0.87%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.36%	—	—

Volatility

Volatility by Period

	IMF	LLII	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.08%	—	—
Volatility (6M) Calculated over the trailing 6-month period	8.91%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	10.45%	36.42%	-25.97%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	12.48%	36.42%	-23.94%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	12.48%	36.42%	-23.94%

IMF vs. LLII - Expense Ratio Comparison

IMF has a 0.65% expense ratio, which is lower than LLII's 0.99% expense ratio.

Dividends

IMF vs. LLII - Dividend Comparison

IMF's dividend yield for the trailing twelve months is around 0.89%, less than LLII's 25.95% yield.

Position	TTM	2025
IMF Invesco Managed Futures Strategy ETF	0.89%	1.01%
LLII REX LLY Growth & Income ETF	25.95%	5.13%

Frequently Asked Questions

Can I hold both IMF and LLII in my portfolio?

IMF and LLII have a correlation of -0.04, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, IMF or LLII?

On fees, IMF is cheaper at 0.65% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, IMF or LLII?

IMF is cheaper with a 0.65% expense ratio, compared with 0.99% for LLII.

Which ETF pays a higher dividend yield, IMF or LLII?

LLII has the higher dividend yield at 25.95%, compared with 0.89% for IMF.

What is the main difference between IMF and LLII?

IMF is categorized as Systematic Trend, while LLII is Derivative Income. They also come from different issuers: Invesco and REX. Their fees differ too: 0.65% for IMF and 0.99% for LLII.