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FMF vs CTA
First Trust Managed Futures Strategy Fund vs Simplify Managed Futures Strategy ETF
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.
- FMF follows a managed futures strategy; CTA uses systematic alpha.
- 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
| FMF | CTA | |
|---|---|---|
| Annual cost (TER) | 0.98% | 0.75% |
| Fund size (AUM) | $266M | $1.7B |
| Since | 2013 | 2022 |
| Dividend yield | 5.00% | 4.03% |
| Asset class | alternative | alternative |
| Region | — | — |
| Strategy | managed futures | systematic alpha |
| CAGR 1Y | +21.0% | +16.5% |
| CAGR 3Y | +6.9% | +13.4% |
| CAGR 5Y | +4.6% | N/A |
| Sharpe 3Y | 0.41 | 0.66 |
| Volatility 1Y | 9.65% | 19.72% |
| Max drawdown | -16.89% | -18.07% |
Green dot indicates the better value for that metric. Performance data is historical and does not predict future results.
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