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CTA vs FMF
Simplify Managed Futures Strategy ETF vs First Trust Managed Futures Strategy Fund
Key differences
- CTA costs 0.23% less per year.
- CTA is significantly larger than FMF — larger funds tend to be more liquid and less likely to close.
- CTA follows a systematic alpha strategy; FMF uses managed futures.
- Over the last 3 years, CTA has delivered higher annualized returns.
- FMF has a longer track record, which may reduce uncertainty around long-term behavior.
Side-by-side comparison
| CTA | FMF | |
|---|---|---|
| Annual cost (TER) | 0.75% | 0.98% |
| Fund size (AUM) | $1.7B | $266M |
| Since | 2022 | 2013 |
| Dividend yield | 4.03% | 5.00% |
| Asset class | alternative | alternative |
| Region | — | — |
| Strategy | systematic alpha | managed futures |
| CAGR 1Y | +16.5% | +21.0% |
| CAGR 3Y | +13.4% | +6.9% |
| CAGR 5Y | N/A | +4.6% |
| Sharpe 3Y | 0.66 | 0.41 |
| Volatility 1Y | 19.72% | 9.65% |
| Max drawdown | -18.07% | -16.89% |
Green dot indicates the better value for that metric. Performance data is historical and does not predict future results.
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