JPFP vs. FFUT
JPFP (JPMorgan Managed Futures Plus ETF) and FFUT (Fidelity Managed Futures ETF) are both Systematic Trend funds. Both are actively managed. At a 0.17 correlation, their price movements are largely independent. JPFP charges 0.59%/yr vs 0.80%/yr for FFUT.
Performance
JPFP vs. FFUT - Performance Comparison
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Returns By Period
JPFP
- 1D
- -1.85%
- 1M
- —
- YTD
- —
- 6M
- —
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
FFUT
- 1D
- -0.36%
- 1M
- -2.69%
- YTD
- 8.83%
- 6M
- 9.28%
- 1Y
- 18.72%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
JPFP vs. FFUT - Yearly Performance Comparison
| 2026 (YTD) | |
|---|---|
JPFP JPMorgan Managed Futures Plus ETF | -2.76% |
FFUT Fidelity Managed Futures ETF | -1.40% |
Correlation
The correlation between JPFP and FFUT is 0.17, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since May 28, 2026 | 0.17 |
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Return for Risk
JPFP vs. FFUT — Risk / Return Rank
JPFP
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
FFUT
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.
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.
| JPFP | FFUT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.32 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 4.35 | — |
| Martin ratioReturn relative to average drawdown | — | 14.55 | — |
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Drawdowns
JPFP vs. FFUT - Drawdown Comparison
The maximum JPFP drawdown since its inception was -5.82%, which is greater than FFUT's maximum drawdown of -4.33%. Use the drawdown chart below to compare losses from any high point for JPFP and FFUT.
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Drawdown Indicators
| JPFP | FFUT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -5.82% | -4.33% | -1.49% |
Max Drawdown (1Y)Largest decline over 1 year | — | -4.33% | — |
Current DrawdownCurrent decline from peak | -4.53% | -4.33% | -0.20% |
Average DrawdownAverage peak-to-trough decline | -2.33% | -0.96% | -1.37% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 1.29% | — |
Volatility
JPFP vs. FFUT - Volatility Comparison
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Volatility by Period
| JPFP | FFUT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 2.93% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 8.97% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 22.47% | 11.22% | +11.25% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 22.47% | 11.02% | +11.45% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 22.47% | 11.02% | +11.45% |
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 1.92%.
| Position | TTM | 2025 |
|---|---|---|
FFUT Fidelity Managed Futures ETF | 1.92% | 2.09% |
JPFP JPMorgan Managed Futures Plus ETF | 0.00% | 0.00% |
Frequently Asked Questions
JPFP and FFUT have a correlation of 0.17, 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 FFUT.
FFUT has the higher dividend yield at 1.92%, compared with 0.00% for JPFP.
They also come from different issuers: JPMorgan and Fidelity. Their fees differ too: 0.59% for JPFP and 0.80% for FFUT.
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