WTMF vs. RLY
WTMF (WisdomTree Managed Futures Strategy Fund) and RLY (SPDR SSgA Multi-Asset Real Return ETF) are both Hedge Fund funds. WTMF is passively managed, while RLY is actively managed. Over the past 10 years, WTMF returned 3.17%/yr vs 8.09%/yr for RLY. At a 0.19 correlation, their price movements are largely independent. WTMF charges 0.65%/yr vs 0.50%/yr for RLY.
Performance
WTMF vs. RLY - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, WTMF achieves a 7.35% return, which is significantly lower than RLY's 11.33% return. Over the past 10 years, WTMF has underperformed RLY with an annualized return of 3.17%, while RLY has yielded a comparatively higher 8.09% annualized return.
WTMF
- 1D
- -1.56%
- 1M
- -0.67%
- YTD
- 7.35%
- 6M
- 6.60%
- 1Y
- 20.66%
- 3Y*
- 9.95%
- 5Y*
- 6.12%
- 10Y*
- 3.17%
RLY
- 1D
- -0.77%
- 1M
- -4.87%
- YTD
- 11.33%
- 6M
- 10.55%
- 1Y
- 23.01%
- 3Y*
- 13.30%
- 5Y*
- 9.65%
- 10Y*
- 8.09%
WTMF vs. RLY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
WTMF WisdomTree Managed Futures Strategy Fund | 7.35% | 12.17% | 3.20% | 16.72% | -6.52% | 9.48% | 0.48% | -2.75% | 0.24% | -3.40% |
RLY SPDR SSgA Multi-Asset Real Return ETF | 11.33% | 20.26% | 2.53% | 2.56% | 7.86% | 22.85% | -0.59% | 15.63% | -11.72% | 10.40% |
Correlation
The correlation between WTMF and RLY is 0.45, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.45 |
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, WTMF and RLY have become more correlated (0.45) than their long-term average of 0.19, meaning their price movements have been converging.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
WTMF vs. RLY — Risk / Return Rank
WTMF
RLY
WTMF vs. RLY - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for WisdomTree Managed Futures Strategy Fund (WTMF) and SPDR SSgA Multi-Asset Real Return ETF (RLY). 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.
| WTMF | RLY | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.09 | ||
| Sortino ratioReturn per unit of downside risk | +0.06 | ||
| Omega ratioGain probability vs. loss probability | 1.44 | 1.40 | +0.04 |
| Calmar ratioReturn relative to maximum drawdown | 5.14 | 3.57 | +1.57 |
| Martin ratioReturn relative to average drawdown | 21.97 | 16.17 | +5.80 |
Loading charts...
Drawdowns
WTMF vs. RLY - Drawdown Comparison
The maximum WTMF drawdown since its inception was -30.79%, smaller than the maximum RLY drawdown of -37.75%. Use the drawdown chart below to compare losses from any high point for WTMF and RLY.
Loading charts...
Drawdown Indicators
| WTMF | RLY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -30.79% | -37.75% | +6.96% |
Max Drawdown (1Y)Largest decline over 1 year | -4.04% | -6.47% | +2.43% |
Max Drawdown (3Y)Largest decline over 3 years | -9.93% | -10.08% | +0.15% |
Max Drawdown (5Y)Largest decline over 5 years | -13.21% | -18.94% | +5.73% |
Max Drawdown (10Y)Largest decline over 10 years | -15.26% | -34.17% | +18.91% |
Current DrawdownCurrent decline from peak | -1.56% | -6.47% | +4.91% |
Average DrawdownAverage peak-to-trough decline | -17.65% | -9.44% | -8.21% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.94% | 1.43% | -0.49% |
Volatility
WTMF vs. RLY - Volatility Comparison
WisdomTree Managed Futures Strategy Fund (WTMF) and SPDR SSgA Multi-Asset Real Return ETF (RLY) have volatilities of 3.11% and 3.18%, 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.
Loading charts...
Volatility by Period
| WTMF | RLY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.11% | 3.18% | -0.07% |
Volatility (6M)Calculated over the trailing 6-month period | 7.30% | 8.47% | -1.17% |
Volatility (1Y)Calculated over the trailing 1-year period | 9.04% | 10.49% | -1.45% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 9.53% | 13.53% | -4.00% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 8.11% | 13.81% | -5.70% |
WTMF vs. RLY - Expense Ratio Comparison
WTMF has a 0.65% expense ratio, which is higher than RLY's 0.50% expense ratio.
Dividends
WTMF vs. RLY - Dividend Comparison
WTMF's dividend yield for the trailing twelve months is around 2.83%, less than RLY's 3.01% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
RLY SPDR SSgA Multi-Asset Real Return ETF | 3.01% | 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 | 2.83% | 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
WTMF and RLY have a correlation of 0.45, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
RLY has higher volatility (3.18%) compared to WTMF (3.11%). In terms of maximum drawdown, WTMF dropped -30.79% vs RLY's -37.75%.
On 10-year performance, RLY leads with 8.09% vs 3.17% for WTMF. On fees, RLY is cheaper at 0.50% per year. Their volatility is very similar. 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 8.09% return vs 3.17%. 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 3.01%, compared with 2.83% for WTMF.
They also come from different issuers: WisdomTree and State Street. Their fees differ too: 0.65% for WTMF and 0.50% for RLY.
WTMF currently has the higher Sharpe Ratio (2.30 vs 2.20), 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.
Find the right allocation for WTMF and RLY
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer