MFUT vs. JMMF

Last updated Jun 3, 2026

MFUT (Cambria Chesapeake Pure Trend ETF) and JMMF (JPMorgan 100% U.S. Treasury Securities Money Market ETF) are both exchange-traded funds - MFUT is a Systematic Trend fund actively managed by Cambria, while JMMF is a Money Market fund actively managed by JPMorgan. Both are actively managed. At a correlation of -0.21, they often move in opposite directions. MFUT charges 1.18%/yr vs 0.16%/yr for JMMF.

Performance

MFUT vs. JMMF - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Cambria Chesapeake Pure Trend ETF (MFUT) and JPMorgan 100% U.S. Treasury Securities Money Market ETF (JMMF). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, MFUT achieves a 21.83% return, which is significantly higher than JMMF's 1.42% return.

MFUT

• 1D: 0.68%
• 1M: 4.73%
• YTD: 21.83%
• 6M: 25.28%
• 1Y: 37.88%
• 3Y*: —
• 5Y*: —
• 10Y*: —

JMMF

• 1D: 0.02%
• 1M: 0.29%
• YTD: 1.42%
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

MFUT vs. JMMF - Yearly Performance Comparison

	2026 (YTD)	2025
MFUT Cambria Chesapeake Pure Trend ETF	21.83%	1.42%
JMMF JPMorgan 100% U.S. Treasury Securities Money Market ETF	1.42%	0.17%

Correlation

The correlation between MFUT and JMMF 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 (All Time) Calculated using the full available price history since Dec 12, 2025	-0.21

Return for Risk

MFUT vs. JMMF — Risk / Return Rank

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

MFUT

MFUT Risk / Return Rank: 76
MFUT Sharpe Ratio Rank: 79
MFUT Sortino Ratio Rank: 69
MFUT Omega Ratio Rank: 84
MFUT Calmar Ratio Rank: 79
MFUT Martin Ratio Rank: 70

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. JMMF - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Cambria Chesapeake Pure Trend ETF (MFUT) and JPMorgan 100% U.S. Treasury Securities Money Market ETF (JMMF). 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	JMMF	Difference
Sharpe ratio Return per unit of total volatility	2.63	—	—
Sortino ratio Return per unit of downside risk	3.21	—	—
Omega ratio Gain probability vs. loss probability	1.52	—	—
Calmar ratio Return relative to maximum drawdown	4.14	—	—
Martin ratio Return relative to average drawdown	13.41	—	—
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	JMMF	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.63	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	-0.01	6.42	-6.43

Drawdowns

MFUT vs. JMMF - Drawdown Comparison

The maximum MFUT drawdown since its inception was -29.28%, which is greater than JMMF's maximum drawdown of -0.14%. Use the drawdown chart below to compare losses from any high point for MFUT and JMMF.

Drawdown Indicators

	MFUT	JMMF	Difference
Max Drawdown Largest peak-to-trough decline	-29.28%	-0.14%	-29.14%
Max Drawdown (1Y) Largest decline over 1 year	-9.23%	—	—
Current Drawdown Current decline from peak	-1.01%	0.00%	-1.01%
Average Drawdown Average peak-to-trough decline	-16.63%	-0.01%	-16.62%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.85%	—	—

Volatility

Volatility by Period

	MFUT	JMMF	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	14.47%	0.54%	+13.93%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	13.39%	0.54%	+12.85%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	13.39%	0.54%	+12.85%

MFUT vs. JMMF - Expense Ratio Comparison

MFUT has a 1.18% expense ratio, which is higher than JMMF's 0.16% expense ratio.

Dividends

MFUT vs. JMMF - Dividend Comparison

MFUT has not paid dividends to shareholders, while JMMF's dividend yield for the trailing twelve months is around 1.59%.

Position	TTM	2025	2024
JMMF JPMorgan 100% U.S. Treasury Securities Money Market ETF	1.59%	0.20%	0.00%
MFUT Cambria Chesapeake Pure Trend ETF	0.00%	0.00%	0.33%

Frequently Asked Questions

Can I hold both MFUT and JMMF in my portfolio?

MFUT and JMMF 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 ETF is better, MFUT or JMMF?

On fees, JMMF is cheaper at 0.16% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, MFUT or JMMF?

JMMF is cheaper with a 0.16% expense ratio, compared with 1.18% for MFUT.

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

JMMF has the higher dividend yield at 1.59%, compared with 0.00% for MFUT.

What is the main difference between MFUT and JMMF?

MFUT is categorized as Systematic Trend, while JMMF is Money Market. They also come from different issuers: Cambria and JPMorgan. Their fees differ too: 1.18% for MFUT and 0.16% for JMMF.