JPFP vs. FFUT

Last updated Jun 4, 2026

JPFP (JPMorgan Managed Futures Plus ETF) and FFUT (Fidelity Managed Futures ETF) are both Systematic Trend funds. Both are actively managed. Their correlation of 0.80 suggests significant overlap in exposure. JPFP charges 0.59%/yr vs 0.80%/yr for FFUT.

Performance

JPFP vs. FFUT - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in JPMorgan Managed Futures Plus ETF (JPFP) and Fidelity Managed Futures ETF (FFUT). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

JPFP

• 1D: -0.76%
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 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)

JPFP vs. FFUT - Yearly Performance Comparison

	2026 (YTD)
JPFP JPMorgan Managed Futures Plus ETF	1.07%
FFUT Fidelity Managed Futures ETF	1.88%

Correlation

The correlation between JPFP and FFUT is 0.80, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (All Time) Calculated using the full available price history since May 29, 2026	0.80

Return for Risk

JPFP vs. FFUT - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for JPMorgan Managed Futures Plus ETF (JPFP) 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.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Sharpe Ratios by Period

	JPFP	FFUT	Difference
Sharpe Ratio (All Time) Calculated using the full available price history	9.75	2.01	+7.74

Drawdowns

JPFP vs. FFUT - Drawdown Comparison

The maximum JPFP drawdown since its inception was -0.76%, smaller than the maximum FFUT drawdown of -2.84%. Use the drawdown chart below to compare losses from any high point for JPFP and FFUT.

Drawdown Indicators

	JPFP	FFUT	Difference
Max Drawdown Largest peak-to-trough decline	-0.76%	-2.84%	+2.08%
Current Drawdown Current decline from peak	-0.76%	-0.90%	+0.14%
Average Drawdown Average peak-to-trough decline	-0.19%	-0.88%	+0.69%

Volatility

Volatility by Period

	JPFP	FFUT	Difference
Volatility (1Y) Calculated over the trailing 1-year period	11.39%	11.17%	+0.22%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	11.39%	11.17%	+0.22%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	11.39%	11.17%	+0.22%

JPFP vs. FFUT - Expense Ratio Comparison

JPFP has a 0.59% expense ratio, which is lower than FFUT's 0.80% expense ratio.

Dividends

JPFP vs. FFUT - Dividend Comparison

JPFP has not paid dividends to shareholders, while FFUT's dividend yield for the trailing twelve months is around 1.85%.

Position	TTM	2025
FFUT Fidelity Managed Futures ETF	1.85%	2.09%
JPFP JPMorgan Managed Futures Plus ETF	0.00%	0.00%

Frequently Asked Questions

Can I hold both JPFP and FFUT in my portfolio?

JPFP and FFUT have a correlation of 0.80, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, JPFP or FFUT?

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.

Which ETF is cheaper, JPFP or FFUT?

JPFP is cheaper with a 0.59% expense ratio, compared with 0.80% for FFUT.

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

FFUT has the higher dividend yield at 1.85%, compared with 0.00% for JPFP.

What is the main difference between JPFP and FFUT?

They also come from different issuers: JPMorgan and Fidelity. Their fees differ too: 0.59% for JPFP and 0.80% for FFUT.