XLRE vs. FFUT

Last updated Jun 24, 2026

XLRE (Real Estate Select Sector SPDR Fund) and FFUT (Fidelity Managed Futures ETF) are both exchange-traded funds - XLRE is a REIT fund tracking the Real Estate Select Sector Index, while FFUT is a Systematic Trend fund actively managed by Fidelity. XLRE is passively managed, while FFUT is actively managed. Over the past year, XLRE returned 9.79% vs 18.72% for FFUT. At a correlation of -0.10, they often move in opposite directions. XLRE charges 0.13%/yr vs 0.80%/yr for FFUT.

Performance

XLRE vs. FFUT - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Real Estate Select Sector SPDR Fund (XLRE) and Fidelity Managed Futures ETF (FFUT). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, XLRE achieves a 12.35% return, which is significantly higher than FFUT's 8.83% return.

XLRE

• 1D: 1.41%
• 1M: 1.06%
• YTD: 12.35%
• 6M: 12.83%
• 1Y: 9.79%
• 3Y*: 11.31%
• 5Y*: 3.53%
• 10Y*: 6.92%

FFUT

• 1D: -0.36%
• 1M: -2.69%
• YTD: 8.83%
• 6M: 9.28%
• 1Y: 18.72%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

XLRE vs. FFUT - Yearly Performance Comparison

	2026 (YTD)	2025
XLRE Real Estate Select Sector SPDR Fund	12.35%	-0.71%
FFUT Fidelity Managed Futures ETF	8.83%	8.58%

Correlation

The correlation between XLRE and FFUT is -0.10, 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	-0.10
Correlation (All Time) Calculated using the full available price history since Jun 5, 2025	-0.10

Return for Risk

XLRE vs. FFUT — Risk / Return Rank

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

XLRE

XLRE Risk / Return Rank: 22
XLRE Sharpe Ratio Rank: 21
XLRE Sortino Ratio Rank: 19
XLRE Omega Ratio Rank: 19
XLRE Calmar Ratio Rank: 25
XLRE Martin Ratio Rank: 25

FFUT

FFUT Risk / Return Rank: 64
FFUT Sharpe Ratio Rank: 51
FFUT Sortino Ratio Rank: 51
FFUT Omega Ratio Rank: 54
FFUT Calmar Ratio Rank: 84
FFUT Martin Ratio Rank: 79

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.

XLRE vs. FFUT - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Real Estate Select Sector SPDR Fund (XLRE) 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.

	XLRE	FFUT	Difference
Sharpe ratio: Return per unit of total volatility	0.70	1.68	-0.98
Sortino ratio: Return per unit of downside risk	1.02	2.40	-1.37
Omega ratio: Gain probability vs. loss probability	1.13	1.32	-0.19
Calmar ratio: Return relative to maximum drawdown	1.18	4.35	-3.17
Martin ratio: Return relative to average drawdown	3.23	14.55	-11.33

XLRE vs. FFUT - Sharpe Ratio Comparison

The current XLRE Sharpe Ratio is 0.70, which is lower than the FFUT Sharpe Ratio of 1.68. The chart below compares the historical Sharpe Ratios of XLRE and FFUT, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

XLRE vs. FFUT - Drawdown Comparison

The maximum XLRE drawdown since its inception was -38.83%, which is greater than FFUT's maximum drawdown of -4.33%. Use the drawdown chart below to compare losses from any high point for XLRE and FFUT.

Drawdown Indicators

	XLRE	FFUT	Difference
Max Drawdown Largest peak-to-trough decline	-38.83%	-4.33%	-34.50%
Max Drawdown (1Y) Largest decline over 1 year	-8.33%	-4.33%	-4.00%
Max Drawdown (3Y) Largest decline over 3 years	-16.74%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-34.12%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-38.83%	—	—
Current Drawdown Current decline from peak	-0.72%	-4.33%	+3.61%
Average Drawdown Average peak-to-trough decline	-9.56%	-0.96%	-8.60%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.04%	1.29%	+1.75%

Volatility

XLRE vs. FFUT - Volatility Comparison

Real Estate Select Sector SPDR Fund (XLRE) has a higher volatility of 5.35% compared to Fidelity Managed Futures ETF (FFUT) at 2.93%. This indicates that XLRE'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.

Volatility by Period

	XLRE	FFUT	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.35%	2.93%	+2.42%
Volatility (6M) Calculated over the trailing 6-month period	10.63%	8.97%	+1.66%
Volatility (1Y) Calculated over the trailing 1-year period	14.17%	11.22%	+2.95%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	19.13%	11.02%	+8.11%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	20.45%	11.02%	+9.43%

XLRE vs. FFUT - Expense Ratio Comparison

XLRE has a 0.13% expense ratio, which is lower than FFUT's 0.80% expense ratio.

Dividends

XLRE vs. FFUT - Dividend Comparison

XLRE's dividend yield for the trailing twelve months is around 3.15%, more than FFUT's 1.92% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FFUT Fidelity Managed Futures ETF	1.92%	2.09%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
XLRE Real Estate Select Sector SPDR Fund	3.15%	3.45%	3.43%	3.31%	3.70%	2.61%	3.15%	3.06%	3.78%	3.25%	4.22%	1.09%

Frequently Asked Questions

Can I hold both XLRE and FFUT in my portfolio?

XLRE and FFUT have a correlation of -0.10, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, XLRE or FFUT?

XLRE has higher volatility (5.35%) compared to FFUT (2.93%). In terms of maximum drawdown, XLRE dropped -38.83% vs FFUT's -4.33%.

Which ETF is better, XLRE or FFUT?

On 1-year performance, FFUT leads with 18.72% vs 9.79% for XLRE. On fees, XLRE is cheaper at 0.13% per year. On volatility, FFUT has been the lower-risk option at 2.93%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, XLRE or FFUT?

Over the 1-year period, FFUT has performed better with a 18.72% return vs 9.79%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, XLRE or FFUT?

XLRE is cheaper with a 0.13% expense ratio, compared with 0.80% for FFUT.

Which ETF pays a higher dividend yield, XLRE or FFUT?

XLRE has the higher dividend yield at 3.15%, compared with 1.92% for FFUT.

What is the main difference between XLRE and FFUT?

XLRE is categorized as REIT, while FFUT is Systematic Trend. They also come from different issuers: State Street and Fidelity. Their fees differ too: 0.13% for XLRE and 0.80% for FFUT.

Which has better risk-adjusted returns?

FFUT currently has the higher Sharpe Ratio (1.68 vs 0.70), 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.