MBSD vs. FFUT
MBSD (FlexShares Disciplined Duration MBS Index Fund) and FFUT (Fidelity Managed Futures ETF) are both exchange-traded funds - MBSD is a Mortgage Backed Securities fund tracking the ICE BofA Constrained Duration US Mortgage Backed Securities, while FFUT is a Systematic Trend fund actively managed by Fidelity. MBSD is passively managed, while FFUT is actively managed. At a correlation of -0.32, they often move in opposite directions. MBSD charges 0.20%/yr vs 0.80%/yr for FFUT.
Performance
MBSD vs. FFUT - Performance Comparison
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Returns By Period
In the year-to-date period, MBSD achieves a 0.42% return, which is significantly lower than FFUT's 12.74% return.
MBSD
- 1D
- -0.22%
- 1M
- 0.16%
- YTD
- 0.42%
- 6M
- 0.52%
- 1Y
- 5.26%
- 3Y*
- 4.31%
- 5Y*
- 0.62%
- 10Y*
- 1.37%
FFUT
- 1D
- -0.90%
- 1M
- 1.16%
- YTD
- 12.74%
- 6M
- 14.35%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
MBSD vs. FFUT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
MBSD FlexShares Disciplined Duration MBS Index Fund | 0.42% | 4.58% |
FFUT Fidelity Managed Futures ETF | 12.74% | 8.26% |
Correlation
The correlation between MBSD and FFUT is -0.32, 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 Jun 6, 2025 | -0.32 |
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Return for Risk
MBSD vs. FFUT — Risk / Return Rank
MBSD
FFUT
MBSD vs. FFUT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for FlexShares Disciplined Duration MBS Index Fund (MBSD) 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.
| MBSD | FFUT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.27 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 2.43 | — | — |
| Martin ratioReturn relative to average drawdown | 7.71 | — | — |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| MBSD | FFUT | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.50 | — | — |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.12 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.32 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.38 | 2.01 | -1.63 |
Drawdowns
MBSD vs. FFUT - Drawdown Comparison
The maximum MBSD drawdown since its inception was -14.36%, which is greater than FFUT's maximum drawdown of -2.84%. Use the drawdown chart below to compare losses from any high point for MBSD and FFUT.
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Drawdown Indicators
| MBSD | FFUT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -14.36% | -2.84% | -11.52% |
Max Drawdown (1Y)Largest decline over 1 year | -2.17% | — | — |
Max Drawdown (3Y)Largest decline over 3 years | -4.68% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -14.10% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -14.36% | — | — |
Current DrawdownCurrent decline from peak | -1.19% | -0.90% | -0.29% |
Average DrawdownAverage peak-to-trough decline | -2.81% | -0.88% | -1.93% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.68% | — | — |
Volatility
MBSD vs. FFUT - Volatility Comparison
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Volatility by Period
| MBSD | FFUT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.15% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 2.47% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 3.53% | 11.17% | -7.64% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.15% | 11.17% | -6.02% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.26% | 11.17% | -6.91% |
MBSD vs. FFUT - Expense Ratio Comparison
MBSD has a 0.20% expense ratio, which is lower than FFUT's 0.80% expense ratio.
Dividends
MBSD vs. FFUT - Dividend Comparison
MBSD's dividend yield for the trailing twelve months is around 4.19%, more than FFUT's 1.85% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FFUT Fidelity Managed Futures ETF | 1.85% | 2.09% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
MBSD FlexShares Disciplined Duration MBS Index Fund | 4.19% | 4.23% | 3.91% | 3.39% | 3.03% | 2.41% | 2.78% | 3.42% | 3.22% | 3.30% | 3.02% | 3.46% |
Frequently Asked Questions
MBSD and FFUT have a correlation of -0.32, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, MBSD is cheaper at 0.20% per year. The better choice depends on whether you care most about return, fees, risk, or income.
MBSD is cheaper with a 0.20% expense ratio, compared with 0.80% for FFUT.
MBSD has the higher dividend yield at 4.19%, compared with 1.85% for FFUT.
MBSD is categorized as Mortgage Backed Securities, while FFUT is Systematic Trend. They also come from different issuers: Northern Trust and Fidelity. Their fees differ too: 0.20% for MBSD and 0.80% for FFUT.
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