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HARD vs FMF

Simplify Commodities Strategy No K-1 ETF vs First Trust Managed Futures Strategy Fund

HARD

Simplify Commodities Strategy No K-1 ETF

Simplify Asset Management

Annual cost

0.78%

Fund size

$118M

FMF

First Trust Managed Futures Strategy Fund

First Trust

Annual cost

0.98%

Fund size

$266M

Key differences

  • HARD costs 0.20% less per year.
  • HARD is classified as commodity, while FMF is alternative — different risk/return profiles.
  • Over the last 3 years, HARD has delivered higher annualized returns.
  • FMF has a longer track record, which may reduce uncertainty around long-term behavior.

Side-by-side comparison

HARDFMF
Annual cost (TER)0.78%0.98%
Fund size (AUM)$118M$266M
Since20232013
Dividend yield3.05%5.00%
Asset classcommodityalternative
Region
Strategymanaged futures
CAGR 1Y+25.3%+21.0%
CAGR 3Y+14.1%+6.9%
CAGR 5YN/A+4.6%
Sharpe 3Y0.600.41
Volatility 1Y26.20%9.65%
Max drawdown-13.51%-16.89%

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

Similar to HARD and FMF