MFUT vs. JPFP

Last updated Jun 3, 2026

MFUT (Cambria Chesapeake Pure Trend ETF) and JPFP (JPMorgan Managed Futures Plus ETF) are both Systematic Trend funds. Both are actively managed. With a 1.00 correlation, they move nearly in lockstep. MFUT charges 1.18%/yr vs 0.59%/yr for JPFP.

Performance

MFUT vs. JPFP - Performance Comparison

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

Returns By Period

MFUT

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

JPFP

• 1D: 0.68%
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

MFUT vs. JPFP - Yearly Performance Comparison

	2026 (YTD)
MFUT Cambria Chesapeake Pure Trend ETF	1.75%
JPFP JPMorgan Managed Futures Plus ETF	1.85%

Correlation

The correlation between MFUT and JPFP is 1.00 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.

	Correlation
Correlation (All Time) Calculated using the full available price history since May 29, 2026	1.00

Return for Risk

MFUT vs. JPFP — 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. JPFP - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Cambria Chesapeake Pure Trend ETF (MFUT) and JPMorgan Managed Futures Plus ETF (JPFP). 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	JPFP	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	JPFP	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	113.67	-113.69

Drawdowns

MFUT vs. JPFP - Drawdown Comparison

The maximum MFUT drawdown since its inception was -29.28%, which is greater than JPFP's maximum drawdown of 0.00%. Use the drawdown chart below to compare losses from any high point for MFUT and JPFP.

Drawdown Indicators

	MFUT	JPFP	Difference
Max Drawdown Largest peak-to-trough decline	-29.28%	0.00%	-29.28%
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%	0.00%	-16.63%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.85%	—	—

Volatility

Volatility by Period

	MFUT	JPFP	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%	3.95%	+10.52%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	13.39%	3.95%	+9.44%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	13.39%	3.95%	+9.44%

MFUT vs. JPFP - Expense Ratio Comparison

MFUT has a 1.18% expense ratio, which is higher than JPFP's 0.59% expense ratio.

Dividends

MFUT vs. JPFP - Dividend Comparison

Neither MFUT nor JPFP has paid dividends to shareholders.

Position	TTM	2025	2024
JPFP JPMorgan Managed Futures Plus ETF	0.00%	0.00%	0.00%
MFUT Cambria Chesapeake Pure Trend ETF	0.00%	0.00%	0.33%

Frequently Asked Questions

Can I hold both MFUT and JPFP in my portfolio?

With a correlation of 1.00, MFUT and JPFP move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which ETF is better, MFUT or JPFP?

On fees, JPFP is cheaper at 0.59% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, MFUT or JPFP?

JPFP is cheaper with a 0.59% expense ratio, compared with 1.18% for MFUT.

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

MFUT and JPFP have nearly identical dividend yields, around 0.00%.

What is the main difference between MFUT and JPFP?

They also come from different issuers: Cambria and JPMorgan. Their fees differ too: 1.18% for MFUT and 0.59% for JPFP.