RLY vs. WTMF
RLY (SPDR SSgA Multi-Asset Real Return ETF) and WTMF (WisdomTree Managed Futures Strategy Fund) are both Hedge Fund funds. RLY is actively managed, while WTMF is passively managed. Over the past 10 years, RLY returned 7.97%/yr vs 3.11%/yr for WTMF. At a 0.19 correlation, their price movements are largely independent. RLY charges 0.50%/yr vs 0.65%/yr for WTMF.
Performance
RLY vs. WTMF - Performance Comparison
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Returns By Period
In the year-to-date period, RLY achieves a 10.09% return, which is significantly higher than WTMF's 6.68% return. Over the past 10 years, RLY has outperformed WTMF with an annualized return of 7.97%, while WTMF has yielded a comparatively lower 3.11% annualized return.
RLY
- 1D
- -1.11%
- 1M
- -5.93%
- YTD
- 10.09%
- 6M
- 9.21%
- 1Y
- 22.47%
- 3Y*
- 12.88%
- 5Y*
- 9.39%
- 10Y*
- 7.97%
WTMF
- 1D
- -0.62%
- 1M
- -1.29%
- YTD
- 6.68%
- 6M
- 5.97%
- 1Y
- 18.91%
- 3Y*
- 9.72%
- 5Y*
- 5.92%
- 10Y*
- 3.11%
RLY vs. WTMF - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
RLY SPDR SSgA Multi-Asset Real Return ETF | 10.09% | 20.26% | 2.53% | 2.56% | 7.86% | 22.85% | -0.59% | 15.63% | -11.72% | 10.40% |
WTMF WisdomTree Managed Futures Strategy Fund | 6.68% | 12.17% | 3.20% | 16.72% | -6.52% | 9.48% | 0.48% | -2.75% | 0.24% | -3.40% |
Correlation
The correlation between RLY and WTMF is 0.47, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.47 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.40 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.37 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.28 |
Correlation (All Time) Calculated using the full available price history since Apr 26, 2012 | 0.19 |
Over the past year, RLY and WTMF have become more correlated (0.47) than their long-term average of 0.19, meaning their price movements have been converging.
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Return for Risk
RLY vs. WTMF — Risk / Return Rank
RLY
WTMF
RLY vs. WTMF - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR SSgA Multi-Asset Real Return ETF (RLY) and WisdomTree Managed Futures Strategy Fund (WTMF). 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.
| RLY | WTMF | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.04 | ||
| Sortino ratioReturn per unit of downside risk | +0.10 | ||
| Omega ratioGain probability vs. loss probability | 1.39 | 1.40 | -0.01 |
| Calmar ratioReturn relative to maximum drawdown | 3.00 | 4.71 | -1.70 |
| Martin ratioReturn relative to average drawdown | 14.99 | 19.91 | -4.92 |
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Drawdowns
RLY vs. WTMF - Drawdown Comparison
The maximum RLY drawdown since its inception was -37.75%, which is greater than WTMF's maximum drawdown of -30.79%. Use the drawdown chart below to compare losses from any high point for RLY and WTMF.
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Drawdown Indicators
| RLY | WTMF | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -37.75% | -30.79% | -6.96% |
Max Drawdown (1Y)Largest decline over 1 year | -7.51% | -4.04% | -3.47% |
Max Drawdown (3Y)Largest decline over 3 years | -10.08% | -9.93% | -0.15% |
Max Drawdown (5Y)Largest decline over 5 years | -18.94% | -13.21% | -5.73% |
Max Drawdown (10Y)Largest decline over 10 years | -34.17% | -15.26% | -18.91% |
Current DrawdownCurrent decline from peak | -7.51% | -2.17% | -5.34% |
Average DrawdownAverage peak-to-trough decline | -9.43% | -17.64% | +8.21% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.50% | 0.95% | +0.55% |
Volatility
RLY vs. WTMF - Volatility Comparison
SPDR SSgA Multi-Asset Real Return ETF (RLY) and WisdomTree Managed Futures Strategy Fund (WTMF) have volatilities of 3.28% and 3.17%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| RLY | WTMF | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.28% | 3.17% | +0.11% |
Volatility (6M)Calculated over the trailing 6-month period | 8.55% | 7.33% | +1.22% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.55% | 9.06% | +1.49% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.54% | 9.53% | +4.01% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 13.81% | 8.11% | +5.70% |
RLY vs. WTMF - Expense Ratio Comparison
RLY has a 0.50% expense ratio, which is lower than WTMF's 0.65% expense ratio.
Dividends
RLY vs. WTMF - Dividend Comparison
RLY's dividend yield for the trailing twelve months is around 3.05%, more than WTMF's 2.85% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
RLY SPDR SSgA Multi-Asset Real Return ETF | 3.05% | 3.24% | 3.31% | 3.71% | 5.66% | 12.15% | 2.16% | 3.45% | 2.76% | 1.85% | 2.07% | 1.80% |
WTMF WisdomTree Managed Futures Strategy Fund | 2.85% | 3.04% | 3.57% | 4.74% | 5.29% | 14.71% | 0.47% | 1.63% | 3.59% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
RLY and WTMF have a correlation of 0.47, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
RLY has higher volatility (3.28%) compared to WTMF (3.17%). In terms of maximum drawdown, RLY dropped -37.75% vs WTMF's -30.79%.
On 10-year performance, RLY leads with 7.97% vs 3.11% for WTMF. On fees, RLY is cheaper at 0.50% per year. On volatility, WTMF has been the lower-risk option at 3.17%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 10-year period, RLY has performed better with a 7.97% return vs 3.11%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
RLY is cheaper with a 0.50% expense ratio, compared with 0.65% for WTMF.
RLY has the higher dividend yield at 3.05%, compared with 2.85% for WTMF.
They also come from different issuers: State Street and WisdomTree. Their fees differ too: 0.50% for RLY and 0.65% for WTMF.
RLY currently has the higher Sharpe Ratio (2.14 vs 2.10), 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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