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FMF vs ISMF

First Trust Managed Futures Strategy Fund vs iShares Managed Futures Active ETF

FMF

First Trust Managed Futures Strategy Fund

First Trust

Annual cost

0.98%

Fund size

$266M

ISMF

iShares Managed Futures Active ETF

BlackRock

Annual cost

0.80%

Fund size

$57M

Key differences

  • ISMF costs 0.18% less per year.
  • FMF is significantly larger than ISMF — larger funds tend to be more liquid and less likely to close.
  • FMF has a longer track record, which may reduce uncertainty around long-term behavior.

Side-by-side comparison

FMFISMF
Annual cost (TER)0.98%0.80%
Fund size (AUM)$266M$57M
Since20132025
Dividend yield5.00%2.50%
Asset classalternativealternative
Regionglobal
Strategymanaged futuresmanaged futures
CAGR 1Y+21.0%+22.3%
CAGR 3Y+6.9%N/A
CAGR 5Y+4.6%N/A
Sharpe 3Y0.41N/A
Volatility 1Y9.65%7.87%
Max drawdown-16.89%-4.23%

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

Similar to FMF and ISMF