REZ vs. FFUT
REZ (iShares Residential Real Estate ETF) and FFUT (Fidelity Managed Futures ETF) are both exchange-traded funds - REZ is a REIT fund tracking the FTSE NAREIT All Residential Capped Index, while FFUT is a Systematic Trend fund actively managed by Fidelity. REZ is passively managed, while FFUT is actively managed. Over the past year, REZ returned 14.07% vs 17.34% for FFUT. At a correlation of -0.13, they often move in opposite directions. REZ charges 0.48%/yr vs 0.80%/yr for FFUT.
Performance
REZ vs. FFUT - Performance Comparison
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Returns By Period
In the year-to-date period, REZ achieves a 12.57% return, which is significantly higher than FFUT's 7.69% return.
REZ
- 1D
- 0.89%
- 1M
- 1.09%
- YTD
- 12.57%
- 6M
- 12.25%
- 1Y
- 14.07%
- 3Y*
- 12.62%
- 5Y*
- 4.37%
- 10Y*
- 6.91%
FFUT
- 1D
- -1.06%
- 1M
- -3.71%
- YTD
- 7.69%
- 6M
- 8.36%
- 1Y
- 17.34%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
REZ vs. FFUT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
REZ iShares Residential Real Estate ETF | 12.57% | 2.24% |
FFUT Fidelity Managed Futures ETF | 7.69% | 8.58% |
Correlation
The correlation between REZ and FFUT is -0.14, 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 (1Y) Calculated over the trailing 1-year period | -0.14 |
Correlation (All Time) Calculated using the full available price history since Jun 5, 2025 | -0.13 |
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Return for Risk
REZ vs. FFUT — Risk / Return Rank
REZ
FFUT
REZ vs. FFUT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Residential Real Estate ETF (REZ) 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.
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.
| REZ | FFUT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.61 | ||
| Sortino ratioReturn per unit of downside risk | -0.88 | ||
| Omega ratioGain probability vs. loss probability | 1.17 | 1.30 | -0.13 |
| Calmar ratioReturn relative to maximum drawdown | 1.61 | 3.26 | -1.65 |
| Martin ratioReturn relative to average drawdown | 4.88 | 13.04 | -8.16 |
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Drawdowns
REZ vs. FFUT - Drawdown Comparison
The maximum REZ drawdown since its inception was -66.87%, which is greater than FFUT's maximum drawdown of -5.34%. Use the drawdown chart below to compare losses from any high point for REZ and FFUT.
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Drawdown Indicators
| REZ | FFUT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -66.87% | -5.34% | -61.53% |
Max Drawdown (1Y)Largest decline over 1 year | -8.76% | -5.34% | -3.42% |
Max Drawdown (3Y)Largest decline over 3 years | -18.39% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -35.05% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -44.15% | — | — |
Current DrawdownCurrent decline from peak | 0.00% | -5.34% | +5.34% |
Average DrawdownAverage peak-to-trough decline | -12.65% | -0.97% | -11.68% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.89% | 1.33% | +1.56% |
Volatility
REZ vs. FFUT - Volatility Comparison
iShares Residential Real Estate ETF (REZ) has a higher volatility of 6.08% compared to Fidelity Managed Futures ETF (FFUT) at 3.07%. This indicates that REZ's price experiences larger fluctuations and is considered to be riskier than FFUT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| REZ | FFUT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.08% | 3.07% | +3.01% |
Volatility (6M)Calculated over the trailing 6-month period | 11.52% | 9.04% | +2.48% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.04% | 11.27% | +3.77% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.00% | 11.05% | +7.95% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.58% | 11.05% | +10.53% |
REZ vs. FFUT - Expense Ratio Comparison
REZ has a 0.48% expense ratio, which is lower than FFUT's 0.80% expense ratio.
Dividends
REZ vs. FFUT - Dividend Comparison
REZ's dividend yield for the trailing twelve months is around 2.04%, more than FFUT's 1.94% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FFUT Fidelity Managed Futures ETF | 1.94% | 2.09% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
REZ iShares Residential Real Estate ETF | 2.04% | 2.74% | 2.26% | 2.94% | 3.37% | 1.81% | 3.17% | 2.90% | 3.63% | 3.57% | 5.55% | 3.18% |
Frequently Asked Questions
REZ and FFUT have a correlation of -0.14, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
REZ has higher volatility (6.08%) compared to FFUT (3.07%). In terms of maximum drawdown, REZ dropped -66.87% vs FFUT's -5.34%.
On 1-year performance, FFUT leads with 17.34% vs 14.07% for REZ. On fees, REZ is cheaper at 0.48% per year. On volatility, FFUT has been the lower-risk option at 3.07%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, FFUT has performed better with a 17.34% return vs 14.07%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
REZ is cheaper with a 0.48% expense ratio, compared with 0.80% for FFUT.
REZ has the higher dividend yield at 2.04%, compared with 1.94% for FFUT.
REZ is categorized as REIT, while FFUT is Systematic Trend. They also come from different issuers: iShares and Fidelity. Their fees differ too: 0.48% for REZ and 0.80% for FFUT.
FFUT currently has the higher Sharpe Ratio (1.55 vs 0.94), 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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