MFTFX vs. VOO
MFTFX (Arrow Managed Futures Stragegy Fund) and VOO (Vanguard S&P 500 ETF) are both funds - MFTFX is a Systematic Trend fund managed by Arrow Funds, while VOO is a S&P 500 fund tracking the S&P 500 Index. Over the past 10 years, MFTFX returned 4.94%/yr vs 15.16%/yr for VOO. At a 0.12 correlation, their price movements are largely independent. MFTFX charges 1.54%/yr vs 0.03%/yr for VOO.
Performance
MFTFX vs. VOO - Performance Comparison
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Returns By Period
The year-to-date returns for both stocks are quite close, with MFTFX having a 10.62% return and VOO slightly lower at 10.45%. Over the past 10 years, MFTFX has underperformed VOO with an annualized return of 4.94%, while VOO has yielded a comparatively higher 15.16% annualized return.
MFTFX
- 1D
- 0.30%
- 1M
- -0.73%
- 6M
- 4.96%
- YTD
- 10.62%
- 1Y
- 35.94%
- 3Y*
- 2.09%
- 5Y*
- 11.08%
- 10Y*
- 4.94%
VOO
- 1D
- -0.77%
- 1M
- 1.25%
- 6M
- 8.34%
- YTD
- 10.45%
- 1Y
- 21.53%
- 3Y*
- 20.16%
- 5Y*
- 13.01%
- 10Y*
- 15.16%
MFTFX vs. VOO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
MFTFX Arrow Managed Futures Stragegy Fund | 10.62% | 9.29% | 6.87% | -13.57% | 57.88% | 2.13% | -4.13% | 15.17% | -19.70% | 19.09% |
VOO Vanguard S&P 500 ETF | 10.45% | 17.82% | 24.98% | 26.32% | -18.17% | 28.79% | 18.32% | 31.37% | -4.50% | 21.77% |
Correlation
The correlation between MFTFX and VOO is 0.42, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.42 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.30 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.18 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.20 |
Correlation (All Time) Calculated using the full available price history since Sep 9, 2010 | 0.12 |
Over the past year, MFTFX and VOO have become more correlated (0.42) than their long-term average of 0.12, meaning their price movements have been converging.
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Return for Risk
MFTFX vs. VOO — Risk / Return Rank
MFTFX
VOO
MFTFX vs. VOO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Arrow Managed Futures Stragegy Fund (MFTFX) and Vanguard S&P 500 ETF (VOO). 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.
| MFTFX | VOO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.17 | ||
| Sortino ratioReturn per unit of downside risk | +0.11 | ||
| Omega ratioGain probability vs. loss probability | 1.33 | 1.31 | +0.01 |
| Calmar ratioReturn relative to maximum drawdown | 3.73 | 2.43 | +1.30 |
| Martin ratioReturn relative to average drawdown | 9.60 | 10.60 | -1.00 |
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Drawdowns
MFTFX vs. VOO - Drawdown Comparison
The maximum MFTFX drawdown since its inception was -35.70%, which is greater than VOO's maximum drawdown of -33.99%. Use the drawdown chart below to compare losses from any high point for MFTFX and VOO.
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Drawdown Indicators
| MFTFX | VOO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -35.70% | -33.99% | -1.71% |
Max Drawdown (1Y)Largest decline over 1 year | -9.83% | -8.90% | -0.93% |
Max Drawdown (3Y)Largest decline over 3 years | -32.57% | -18.69% | -13.88% |
Max Drawdown (5Y)Largest decline over 5 years | -32.57% | -24.52% | -8.05% |
Max Drawdown (10Y)Largest decline over 10 years | -35.70% | -33.99% | -1.71% |
Current DrawdownCurrent decline from peak | -5.84% | -1.11% | -4.73% |
Average DrawdownAverage peak-to-trough decline | -16.91% | -3.68% | -13.23% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.81% | 2.04% | +1.77% |
Volatility
MFTFX vs. VOO - Volatility Comparison
Arrow Managed Futures Stragegy Fund (MFTFX) has a higher volatility of 5.34% compared to Vanguard S&P 500 ETF (VOO) at 4.16%. This indicates that MFTFX's price experiences larger fluctuations and is considered to be riskier than VOO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MFTFX | VOO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.34% | 4.16% | +1.18% |
Volatility (6M)Calculated over the trailing 6-month period | 12.36% | 9.97% | +2.39% |
Volatility (1Y)Calculated over the trailing 1-year period | 19.33% | 12.53% | +6.80% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.97% | 16.93% | +5.04% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 22.06% | 18.00% | +4.06% |
MFTFX vs. VOO - Expense Ratio Comparison
MFTFX has a 1.54% expense ratio, which is higher than VOO's 0.03% expense ratio.
Dividends
MFTFX vs. VOO - Dividend Comparison
MFTFX has not paid dividends to shareholders, while VOO's dividend yield for the trailing twelve months is around 1.07%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MFTFX Arrow Managed Futures Stragegy Fund | 0.00% | 0.00% | 0.00% | 11.75% | 41.04% | 2.30% | 0.00% | 20.00% | 7.84% | 2.12% | 9.36% | 1.21% |
VOO Vanguard S&P 500 ETF | 1.07% | 1.13% | 1.24% | 1.46% | 1.69% | 1.25% | 1.54% | 1.88% | 2.06% | 1.78% | 2.02% | 2.10% |
Frequently Asked Questions
MFTFX and VOO have a correlation of 0.42, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
MFTFX has higher volatility (5.34%) compared to VOO (4.16%). In terms of maximum drawdown, MFTFX dropped -35.70% vs VOO's -33.99%.
MFTFX currently has the higher Sharpe Ratio (1.90 vs 1.73), 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.
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