JPFP vs. MFUT

Last updated Jun 4, 2026

JPFP (JPMorgan Managed Futures Plus ETF) and MFUT (Cambria Chesapeake Pure Trend 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 1.18%/yr for MFUT.

Performance

JPFP vs. MFUT - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in JPMorgan Managed Futures Plus ETF (JPFP) and Cambria Chesapeake Pure Trend ETF (MFUT). 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*: —

MFUT

• 1D: 0.45%
• 1M: 4.71%
• YTD: 22.38%
• 6M: 26.08%
• 1Y: 38.04%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

JPFP vs. MFUT - Yearly Performance Comparison

	2026 (YTD)
JPFP JPMorgan Managed Futures Plus ETF	1.07%
MFUT Cambria Chesapeake Pure Trend ETF	2.21%

Correlation

The correlation between JPFP and MFUT 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. MFUT — Risk / Return Rank

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

MFUT

MFUT Risk / Return Rank: 78
MFUT Sharpe Ratio Rank: 81
MFUT Sortino Ratio Rank: 71
MFUT Omega Ratio Rank: 85
MFUT Calmar Ratio Rank: 80
MFUT Martin Ratio Rank: 72

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. MFUT - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for JPMorgan Managed Futures Plus ETF (JPFP) and Cambria Chesapeake Pure Trend ETF (MFUT). 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	MFUT	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	2.64	—
Sharpe Ratio (All Time) Calculated using the full available price history	9.75	0.00	+9.74

Drawdowns

JPFP vs. MFUT - Drawdown Comparison

The maximum JPFP drawdown since its inception was -0.76%, smaller than the maximum MFUT drawdown of -29.28%. Use the drawdown chart below to compare losses from any high point for JPFP and MFUT.

Drawdown Indicators

	JPFP	MFUT	Difference
Max Drawdown Largest peak-to-trough decline	-0.76%	-29.28%	+28.52%
Max Drawdown (1Y) Largest decline over 1 year	—	-9.23%	—
Current Drawdown Current decline from peak	-0.76%	-0.56%	-0.20%
Average Drawdown Average peak-to-trough decline	-0.19%	-16.60%	+16.41%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	2.85%	—

Volatility

Volatility by Period

	JPFP	MFUT	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	3.55%	—
Volatility (6M) Calculated over the trailing 6-month period	—	12.65%	—
Volatility (1Y) Calculated over the trailing 1-year period	11.39%	14.47%	-3.08%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	11.39%	13.38%	-1.99%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	11.39%	13.38%	-1.99%

JPFP vs. MFUT - Expense Ratio Comparison

JPFP has a 0.59% expense ratio, which is lower than MFUT's 1.18% expense ratio.

Dividends

JPFP vs. MFUT - Dividend Comparison

Neither JPFP nor MFUT has paid dividends to shareholders.

Position	TTM	2025	2024
JPFP JPMorgan Managed Futures Plus ETF	0.00%	0.00%	0.00%
MFUT Cambria Chesapeake Pure Trend ETF	0.00%	0.00%	0.33%

Frequently Asked Questions

Can I hold both JPFP and MFUT in my portfolio?

JPFP and MFUT 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 MFUT?

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 MFUT?

JPFP is cheaper with a 0.59% expense ratio, compared with 1.18% for MFUT.

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

JPFP and MFUT have nearly identical dividend yields, around 0.00%.

What is the main difference between JPFP and MFUT?

They also come from different issuers: JPMorgan and Cambria. Their fees differ too: 0.59% for JPFP and 1.18% for MFUT.