JPFP vs. ISMF

Last updated Jun 4, 2026

JPFP (JPMorgan Managed Futures Plus ETF) and ISMF (iShares Managed Futures Active ETF) are both Systematic Trend funds. Both are actively managed. At a correlation of -0.80, they often move in opposite directions. JPFP charges 0.59%/yr vs 0.80%/yr for ISMF.

Performance

JPFP vs. ISMF - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in JPMorgan Managed Futures Plus ETF (JPFP) and iShares Managed Futures Active ETF (ISMF). 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*: —

ISMF

• 1D: 0.83%
• 1M: 1.62%
• YTD: 8.37%
• 6M: 11.16%
• 1Y: 22.64%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

JPFP vs. ISMF - Yearly Performance Comparison

	2026 (YTD)
JPFP JPMorgan Managed Futures Plus ETF	1.07%
ISMF iShares Managed Futures Active ETF	1.08%

Correlation

The correlation between JPFP and ISMF is -0.80, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.

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

Return for Risk

JPFP vs. ISMF — Risk / Return Rank

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

ISMF

ISMF Risk / Return Rank: 89
ISMF Sharpe Ratio Rank: 86
ISMF Sortino Ratio Rank: 86
ISMF Omega Ratio Rank: 91
ISMF Calmar Ratio Rank: 91
ISMF Martin Ratio Rank: 89

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.

JPFP vs. ISMF - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for JPMorgan Managed Futures Plus ETF (JPFP) and iShares Managed Futures Active ETF (ISMF). 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	ISMF	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	2.88	—
Sharpe Ratio (All Time) Calculated using the full available price history	9.75	2.17	+7.58

Drawdowns

JPFP vs. ISMF - Drawdown Comparison

The maximum JPFP drawdown since its inception was -0.76%, smaller than the maximum ISMF drawdown of -4.23%. Use the drawdown chart below to compare losses from any high point for JPFP and ISMF.

Drawdown Indicators

	JPFP	ISMF	Difference
Max Drawdown Largest peak-to-trough decline	-0.76%	-4.23%	+3.47%
Max Drawdown (1Y) Largest decline over 1 year	—	-3.94%	—
Current Drawdown Current decline from peak	-0.76%	0.00%	-0.76%
Average Drawdown Average peak-to-trough decline	-0.19%	-1.27%	+1.08%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	1.14%	—

Volatility

Volatility by Period

	JPFP	ISMF	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	1.89%	—
Volatility (6M) Calculated over the trailing 6-month period	—	6.33%	—
Volatility (1Y) Calculated over the trailing 1-year period	11.39%	7.92%	+3.47%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	11.39%	7.78%	+3.61%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	11.39%	7.78%	+3.61%

JPFP vs. ISMF - Expense Ratio Comparison

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

Dividends

JPFP vs. ISMF - Dividend Comparison

JPFP has not paid dividends to shareholders, while ISMF's dividend yield for the trailing twelve months is around 5.75%.

Position	TTM	2025
ISMF iShares Managed Futures Active ETF	5.75%	6.23%
JPFP JPMorgan Managed Futures Plus ETF	0.00%	0.00%

Frequently Asked Questions

Can I hold both JPFP and ISMF in my portfolio?

JPFP and ISMF 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 ISMF?

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 ISMF?

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

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

ISMF has the higher dividend yield at 5.75%, compared with 0.00% for JPFP.

What is the main difference between JPFP and ISMF?

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