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FARX vs FMF

Frontier Asset Absolute Return ETF vs First Trust Managed Futures Strategy Fund

FARX

Frontier Asset Absolute Return ETF

Frontier Asset Management, LLC

Annual cost

0.95%

Fund size

$13M

FMF

First Trust Managed Futures Strategy Fund

First Trust

Annual cost

0.98%

Fund size

$266M

Key differences

  • FMF is significantly larger than FARX — larger funds tend to be more liquid and less likely to close.
  • FARX is classified as mixed asset, while FMF is alternative — different risk/return profiles.
  • FARX follows a active selection strategy; FMF uses managed futures.
  • FMF has a longer track record, which may reduce uncertainty around long-term behavior.

Side-by-side comparison

FARXFMF
Annual cost (TER)0.95%0.98%
Fund size (AUM)$13M$266M
Since20242013
Dividend yield2.93%5.00%
Asset classmixed assetalternative
Region
Strategyactive selectionmanaged futures
CAGR 1Y+19.7%+20.2%
CAGR 3YN/A+6.7%
CAGR 5YN/A+4.6%
Sharpe 3YN/A0.40
Volatility 1Y6.96%9.64%
Max drawdown-5.83%-16.89%

Green dot indicates the better value for that metric. Performance data is historical and does not predict future results.

Similar to FARX and FMF