MFUT vs. FFUT

Last updated Apr 1, 2026

Compare and contrast key facts about Cambria Chesapeake Pure Trend ETF (MFUT) and Fidelity Managed Futures ETF (FFUT).

MFUT and FFUT are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. MFUT is an actively managed fund by Cambria. It was launched on May 28, 2024. FFUT is an actively managed fund by Fidelity. It was launched on Jun 3, 2025.

Performance

MFUT vs. FFUT - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Cambria Chesapeake Pure Trend ETF (MFUT) and Fidelity Managed Futures ETF (FFUT). The values are adjusted to include any dividend payments, if applicable.

MFUT vs. FFUT - Yearly Performance Comparison

	2026 (YTD)	2025
MFUT Cambria Chesapeake Pure Trend ETF	7.52%	12.56%
FFUT Fidelity Managed Futures ETF	7.42%	8.26%

Returns By Period

The year-to-date returns for both stocks are quite close, with MFUT having a 7.52% return and FFUT slightly lower at 7.42%.

MFUT

• 1D: 0.92%
• 1M: -3.38%
• YTD: 7.52%
• 6M: 13.12%
• 1Y: 12.86%
• 3Y*: —
• 5Y*: —
• 10Y*: —

FFUT

• 1D: -0.55%
• 1M: 2.31%
• YTD: 7.42%
• 6M: 11.94%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

MFUT vs. FFUT - Expense Ratio Comparison

MFUT has a 1.18% expense ratio, which is higher than FFUT's 0.80% expense ratio.

MFUT

Cambria Chesapeake Pure Trend ETF

FFUT

Fidelity Managed Futures ETF

Return for Risk

MFUT vs. FFUT — Risk / Return Rank

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

MFUT

MFUT Risk / Return Rank: 43
MFUT Sharpe Ratio Rank: 46
MFUT Sortino Ratio Rank: 40
MFUT Omega Ratio Rank: 45
MFUT Calmar Ratio Rank: 52
MFUT Martin Ratio Rank: 30

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.

MFUT vs. FFUT - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Cambria Chesapeake Pure Trend ETF (MFUT) 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.

	MFUT	FFUT	Difference
Sharpe ratio Return per unit of total volatility	0.85	—	—
Sortino ratio Return per unit of downside risk	1.15	—	—
Omega ratio Gain probability vs. loss probability	1.18	—	—
Calmar ratio Return relative to maximum drawdown	1.37	—	—
Martin ratio Return relative to average drawdown	2.59	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	MFUT	FFUT	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.85	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	-0.50	1.86	-2.36

Correlation

The correlation between MFUT and FFUT is 0.35, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.

Dividends

MFUT vs. FFUT - Dividend Comparison

MFUT has not paid dividends to shareholders, while FFUT's dividend yield for the trailing twelve months is around 1.95%.

	TTM	2025	2024
MFUT Cambria Chesapeake Pure Trend ETF	0.00%	0.00%	0.33%
FFUT Fidelity Managed Futures ETF	1.95%	2.09%	0.00%

Drawdowns

MFUT vs. FFUT - Drawdown Comparison

The maximum MFUT drawdown since its inception was -29.28%, which is greater than FFUT's maximum drawdown of -2.84%. Use the drawdown chart below to compare losses from any high point for MFUT and FFUT.

Drawdown Indicators

	MFUT	FFUT	Difference
Max Drawdown Largest peak-to-trough decline	-29.28%	-2.84%	-26.44%
Max Drawdown (1Y) Largest decline over 1 year	-9.43%	—	—
Current Drawdown Current decline from peak	-12.06%	-1.59%	-10.47%
Average Drawdown Average peak-to-trough decline	-17.71%	-0.89%	-16.82%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.98%	—	—

Volatility

Volatility by Period

	MFUT	FFUT	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.82%	—	—
Volatility (6M) Calculated over the trailing 6-month period	13.03%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	15.17%	11.01%	+4.16%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	13.54%	11.01%	+2.53%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	13.54%	11.01%	+2.53%