LDSF vs. FFUT

Last updated Jun 23, 2026

LDSF (First Trust Low Duration Strategic Focus ETF) and FFUT (Fidelity Managed Futures ETF) are both exchange-traded funds - LDSF is a Short-Term Bond fund actively managed by First Trust, while FFUT is a Systematic Trend fund actively managed by Fidelity. Both are actively managed. Over the past year, LDSF returned 4.54% vs 18.91% for FFUT. At a correlation of -0.22, they often move in opposite directions. LDSF charges 0.87%/yr vs 0.80%/yr for FFUT.

Performance

LDSF vs. FFUT - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in First Trust Low Duration Strategic Focus ETF (LDSF) and Fidelity Managed Futures ETF (FFUT). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, LDSF achieves a 0.82% return, which is significantly lower than FFUT's 9.23% return.

LDSF

• 1D: -0.05%
• 1M: 0.39%
• YTD: 0.82%
• 6M: 0.92%
• 1Y: 4.54%
• 3Y*: 5.34%
• 5Y*: 2.42%
• 10Y*: —

FFUT

• 1D: -0.52%
• 1M: -2.34%
• YTD: 9.23%
• 6M: 9.36%
• 1Y: 18.91%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

LDSF vs. FFUT - Yearly Performance Comparison

	2026 (YTD)	2025
LDSF First Trust Low Duration Strategic Focus ETF	0.82%	3.96%
FFUT Fidelity Managed Futures ETF	9.23%	8.58%

Correlation

The correlation between LDSF and FFUT is -0.21, 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 (1Y) Calculated over the trailing 1-year period	-0.21
Correlation (All Time) Calculated using the full available price history since Jun 5, 2025	-0.22

Return for Risk

LDSF vs. FFUT — Risk / Return Rank

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

LDSF

LDSF Risk / Return Rank: 70
LDSF Sharpe Ratio Rank: 72
LDSF Sortino Ratio Rank: 79
LDSF Omega Ratio Rank: 80
LDSF Calmar Ratio Rank: 54
LDSF Martin Ratio Rank: 63

FFUT

FFUT Risk / Return Rank: 64
FFUT Sharpe Ratio Rank: 51
FFUT Sortino Ratio Rank: 51
FFUT Omega Ratio Rank: 54
FFUT Calmar Ratio Rank: 87
FFUT Martin Ratio Rank: 80

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.

LDSF vs. FFUT - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for First Trust Low Duration Strategic Focus ETF (LDSF) 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.

	LDSF	FFUT	Difference
Sharpe ratio: Return per unit of total volatility	2.22	1.69	+0.53
Sortino ratio: Return per unit of downside risk	3.35	2.42	+0.94
Omega ratio: Gain probability vs. loss probability	1.46	1.33	+0.13
Calmar ratio: Return relative to maximum drawdown	2.62	4.77	-2.15
Martin ratio: Return relative to average drawdown	11.03	15.04	-4.01

LDSF vs. FFUT - Sharpe Ratio Comparison

The current LDSF Sharpe Ratio is 2.22, which is higher than the FFUT Sharpe Ratio of 1.69. The chart below compares the historical Sharpe Ratios of LDSF and FFUT, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

LDSF vs. FFUT - Drawdown Comparison

The maximum LDSF drawdown since its inception was -8.56%, which is greater than FFUT's maximum drawdown of -3.98%. Use the drawdown chart below to compare losses from any high point for LDSF and FFUT.

Drawdown Indicators

	LDSF	FFUT	Difference
Max Drawdown Largest peak-to-trough decline	-8.56%	-3.98%	-4.58%
Max Drawdown (1Y) Largest decline over 1 year	-1.74%	-3.98%	+2.24%
Max Drawdown (3Y) Largest decline over 3 years	-1.74%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-7.83%	—	—
Current Drawdown Current decline from peak	-0.26%	-3.98%	+3.72%
Average Drawdown Average peak-to-trough decline	-1.45%	-0.94%	-0.51%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.41%	1.26%	-0.85%

Volatility

LDSF vs. FFUT - Volatility Comparison

The current volatility for First Trust Low Duration Strategic Focus ETF (LDSF) is 0.67%, while Fidelity Managed Futures ETF (FFUT) has a volatility of 2.92%. This indicates that LDSF experiences smaller price fluctuations and is considered to be less risky than FFUT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	LDSF	FFUT	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.67%	2.92%	-2.25%
Volatility (6M) Calculated over the trailing 6-month period	1.72%	8.96%	-7.24%
Volatility (1Y) Calculated over the trailing 1-year period	2.05%	11.23%	-9.18%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	3.09%	11.03%	-7.94%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	3.17%	11.03%	-7.86%

LDSF vs. FFUT - Expense Ratio Comparison

LDSF has a 0.87% expense ratio, which is higher than FFUT's 0.80% expense ratio.

Dividends

LDSF vs. FFUT - Dividend Comparison

LDSF's dividend yield for the trailing twelve months is around 4.63%, more than FFUT's 1.91% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019
FFUT Fidelity Managed Futures ETF	1.91%	2.09%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
LDSF First Trust Low Duration Strategic Focus ETF	4.63%	4.52%	4.53%	4.08%	2.61%	1.97%	2.65%	3.06%

Frequently Asked Questions

Can I hold both LDSF and FFUT in my portfolio?

LDSF and FFUT have a correlation of -0.21, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, LDSF or FFUT?

FFUT has higher volatility (2.92%) compared to LDSF (0.67%). In terms of maximum drawdown, LDSF dropped -8.56% vs FFUT's -3.98%.

Which ETF is better, LDSF or FFUT?

On 1-year performance, FFUT leads with 18.91% vs 4.54% for LDSF. On fees, FFUT is cheaper at 0.80% per year. On volatility, LDSF has been the lower-risk option at 0.67%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, LDSF or FFUT?

Over the 1-year period, FFUT has performed better with a 18.91% return vs 4.54%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, LDSF or FFUT?

FFUT is cheaper with a 0.80% expense ratio, compared with 0.87% for LDSF.

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

LDSF has the higher dividend yield at 4.63%, compared with 1.91% for FFUT.

What is the main difference between LDSF and FFUT?

LDSF is categorized as Short-Term Bond, while FFUT is Systematic Trend. They also come from different issuers: First Trust and Fidelity. Their fees differ too: 0.87% for LDSF and 0.80% for FFUT.

Which has better risk-adjusted returns?

LDSF currently has the higher Sharpe Ratio (2.22 vs 1.69), 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.