ISMF vs. JPFP
ISMF (iShares Managed Futures Active ETF) and JPFP (JPMorgan Managed Futures Plus ETF) are both Systematic Trend funds. Both are actively managed. A 0.65 correlation means they provide meaningful diversification when combined. ISMF charges 0.80%/yr vs 0.59%/yr for JPFP.
Performance
ISMF vs. JPFP - Performance Comparison
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Returns By Period
ISMF
- 1D
- -0.32%
- 1M
- -1.43%
- YTD
- 6.41%
- 6M
- 6.43%
- 1Y
- 21.23%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
JPFP
- 1D
- -1.85%
- 1M
- —
- YTD
- —
- 6M
- —
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
ISMF vs. JPFP - Yearly Performance Comparison
| 2026 (YTD) | |
|---|---|
ISMF iShares Managed Futures Active ETF | -1.36% |
JPFP JPMorgan Managed Futures Plus ETF | -2.76% |
Correlation
The correlation between ISMF and JPFP is 0.65, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since May 28, 2026 | 0.65 |
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Return for Risk
ISMF vs. JPFP — Risk / Return Rank
ISMF
JPFP
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
ISMF vs. JPFP - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Managed Futures Active ETF (ISMF) and JPMorgan Managed Futures Plus ETF (JPFP). 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.
| ISMF | JPFP | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.57 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 5.41 | — | — |
| Martin ratioReturn relative to average drawdown | 18.15 | — | — |
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Drawdowns
ISMF vs. JPFP - Drawdown Comparison
The maximum ISMF drawdown since its inception was -4.23%, smaller than the maximum JPFP drawdown of -5.82%. Use the drawdown chart below to compare losses from any high point for ISMF and JPFP.
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Drawdown Indicators
| ISMF | JPFP | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -4.23% | -5.82% | +1.59% |
Max Drawdown (1Y)Largest decline over 1 year | -3.94% | — | — |
Current DrawdownCurrent decline from peak | -1.81% | -4.53% | +2.72% |
Average DrawdownAverage peak-to-trough decline | -1.28% | -2.33% | +1.05% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.17% | — | — |
Volatility
ISMF vs. JPFP - Volatility Comparison
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Volatility by Period
| ISMF | JPFP | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.79% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 6.35% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 7.97% | 22.47% | -14.50% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.73% | 22.47% | -14.74% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.73% | 22.47% | -14.74% |
ISMF vs. JPFP - Expense Ratio Comparison
ISMF has a 0.80% expense ratio, which is higher than JPFP's 0.59% expense ratio.
Dividends
ISMF vs. JPFP - Dividend Comparison
ISMF's dividend yield for the trailing twelve months is around 5.86%, while JPFP has not paid dividends to shareholders.
| Position | TTM | 2025 |
|---|---|---|
ISMF iShares Managed Futures Active ETF | 5.86% | 6.23% |
JPFP JPMorgan Managed Futures Plus ETF | 0.00% | 0.00% |
Frequently Asked Questions
ISMF and JPFP have a correlation of 0.65, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, JPFP is cheaper at 0.59% per year. The better choice depends on whether you care most about return, fees, risk, or income.
JPFP is cheaper with a 0.59% expense ratio, compared with 0.80% for ISMF.
ISMF has the higher dividend yield at 5.86%, compared with 0.00% for JPFP.
They also come from different issuers: iShares and JPMorgan. Their fees differ too: 0.80% for ISMF and 0.59% for JPFP.
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