ISMF vs. WTMF
ISMF (iShares Managed Futures Active ETF) and WTMF (WisdomTree Managed Futures Strategy Fund) are both Systematic Trend funds. ISMF is actively managed, while WTMF is passively managed. Over the past year, ISMF returned 20.45% vs 18.77% for WTMF. Their 0.38 correlation means their historical movements had little consistent relationship. ISMF charges 0.80%/yr vs 0.65%/yr for WTMF.
Performance
ISMF vs. WTMF - Performance Comparison
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Returns By Period
In the year-to-date period, ISMF achieves a 6.88% return, which is significantly lower than WTMF's 8.10% return.
ISMF
- 1D
- 0.95%
- 1M
- 1.14%
- 6M
- 3.81%
- YTD
- 6.88%
- 1Y
- 20.45%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 13.55%
WTMF
- 1D
- -0.05%
- 1M
- 0.96%
- 6M
- 8.70%
- YTD
- 8.10%
- 1Y
- 18.77%
- 3Y*
- 9.32%
- 5Y*
- 6.09%
- 10Y*
- 3.47%
- ALL TIME*
- 1.16%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $215.88K | $190.10K | $233.30K | |
| $1.17M | $1.17M | $1.11M |
ISMF vs. WTMF - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
ISMF iShares Managed Futures Active ETF | 6.88% | 11.53% |
WTMF WisdomTree Managed Futures Strategy Fund | 8.10% | 15.45% |
Correlation
The correlation between ISMF and WTMF is 0.42, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.42 |
Correlation (All Time) Calculated using the full available price history since Mar 13, 2025 | 0.38 |
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Return for Risk
ISMF vs. WTMF — Risk / Return Rank
ISMF
WTMF
ISMF vs. WTMF - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Managed Futures Active ETF (ISMF) and WisdomTree Managed Futures Strategy Fund (WTMF). 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 | WTMF | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.56 | ||
| Sortino ratioReturn per unit of downside risk | +0.77 | ||
| Omega ratioGain probability vs. loss probability | 1.51 | 1.37 | +0.14 |
| Calmar ratioReturn relative to maximum drawdown | 5.14 | 4.38 | +0.76 |
| Martin ratioReturn relative to average drawdown | 15.58 | 16.87 | -1.29 |
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Drawdowns
ISMF vs. WTMF - Drawdown Comparison
The maximum ISMF drawdown since its inception was -4.23%, smaller than the maximum WTMF drawdown of -30.79%. Use the drawdown chart below to compare losses from any high point for ISMF and WTMF.
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Drawdown Indicators
| ISMF | WTMF | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -4.23% | -30.79% | +26.56% |
Max Drawdown (1Y)Largest decline over 1 year | -3.94% | -4.04% | +0.10% |
Max Drawdown (3Y)Largest decline over 3 years | — | -9.93% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -13.21% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -14.83% | — |
Current DrawdownCurrent decline from peak | -1.38% | -0.87% | -0.51% |
Average DrawdownAverage peak-to-trough decline | -1.31% | -17.53% | +16.22% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.30% | 1.05% | +0.25% |
Volatility
ISMF vs. WTMF - Volatility Comparison
The current volatility for iShares Managed Futures Active ETF (ISMF) is 1.93%, while WisdomTree Managed Futures Strategy Fund (WTMF) has a volatility of 2.19%. This indicates that ISMF experiences smaller price fluctuations and is considered to be less risky than WTMF based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ISMF | WTMF | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.93% | 2.19% | -0.26% |
Volatility (6M)Calculated over the trailing 6-month period | 5.93% | 7.17% | -1.24% |
Volatility (1Y)Calculated over the trailing 1-year period | 8.10% | 9.13% | -1.03% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.63% | 9.37% | -1.74% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.63% | 8.12% | -0.49% |
ISMF vs. WTMF - Expense Ratio Comparison
ISMF has a 0.80% expense ratio, which is higher than WTMF's 0.65% expense ratio.
Dividends
ISMF vs. WTMF - Dividend Comparison
ISMF's dividend yield for the trailing twelve months is around 5.83%, more than WTMF's 2.82% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
ISMF iShares Managed Futures Active ETF | 5.83% | 6.23% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
WTMF WisdomTree Managed Futures Strategy Fund | 2.82% | 3.04% | 3.57% | 4.74% | 5.29% | 14.71% | 0.47% | 1.63% | 3.59% |
Frequently Asked Questions
ISMF and WTMF have a correlation of 0.42, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
WTMF has higher volatility (2.19%) compared to ISMF (1.93%). In terms of maximum drawdown, ISMF dropped -4.23% vs WTMF's -30.79%.
On 1-year performance, ISMF leads with 20.45% vs 18.77% for WTMF. On fees, WTMF is cheaper at 0.65% per year. On volatility, ISMF has been the lower-risk option at 1.93%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, ISMF has performed better with a 20.45% return vs 18.77%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
WTMF is cheaper with a 0.65% expense ratio, compared with 0.80% for ISMF.
ISMF has the higher dividend yield at 5.83%, compared with 2.82% for WTMF.
They also come from different issuers: iShares and WisdomTree. Their fees differ too: 0.80% for ISMF and 0.65% for WTMF.
ISMF currently has the higher Sharpe Ratio (2.50 vs 1.94), 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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