Fidelity Managed Futures ETF
$65.54+0.45 (+0.69%)
- 0.82%
- $394M
- +27.4%
- 0M sh
- $64.75
- low $51.95high $67.17
The ETF.net FFUT Grade
B
Score 56 out of 100
- 7 of 16
Score 56 of 100 falls in the B band. A is 70 or higher, B 55 to under 70, C 40 to under 55, D 25 to under 40, F under 25.
Cost
The fund’s net expense ratio, ranked against its category.C50 out of 100Rank 8 of 16Mission
Whether the fund did what it promised, tested against its stated mandate.Risk
How the fund held up when markets fell: downside volatility, drawdowns and tail loss.A73 out of 100Rank 3 of 15Tradability
How easy the fund is to trade: daily volume, and how far its price strays from net asset value.C48 out of 100Rank 10 of 16Holdings
How concentrated the fund is, and how complete and current its disclosed holdings are.F0 out of 100Rank 4 of 5Durability
Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.A73 out of 100Rank 6 of 16
Our read on FFUT
BManaged futures, the hedge fund staple, wearing a Fidelity badge. FFUT runs a systematic long-short trend strategy across global markets, leaning long what's rising and short what's falling, at a fee below the typical tactical fund.
The fund seeks to capitalize on market trends through a disciplined, systematic long-short strategy. The filing indicates that the portfolio may use broad-based ETFs and futures contracts to pursue return characteristics similar to the Managed Futures sector.
Why people hold it
- Costs 0.82% a year, under the median fee for tactical multi-asset funds. Cheap is rare in the trend-following aisle.
- It can go short as well as long across global markets, so the strategy isn't wired to only one market direction. That is the entire premise of trend following.
- A liquid-alternative strategy in a plain 1940 Act ETF: no lockups, no minimums, priced through the trading day on Nasdaq.finance.yahoo.com
- Among the stronger builds in its tactical multi-asset peer group on our review, with a systematic process run by Fidelity's quant team rather than a discretionary trader's gut.finance.yahoo.com
Worth knowing
- It launched in 2025. The history is short, so there's limited record of how the model handles a full range of market conditions.finance.yahoo.com
- Small asset base and light trading volume, which can mean wider bid-ask spreads than you'd see on a mainstream index ETF.
- Distributions come annually or semiannually, so this is built around total return rather than a regular income stream.
FFUT Holdings
- Stocks
- 64
- 170%
- Net Other Assets
Sectors
- Technology68.2%
- Financials6.0%
- Communication5.3%
- Health Care4.9%
- Consumer Discretionary4.7%
- Industrials4.0%
- Consumer Staples2.3%
- Energy1.8%
- Utilities1.0%
- Real Estate0.9%
- Materials0.8%
Geography
- United States98.71%
- United Kingdom0.78%
- Germany0.46%
- South Africa0.04%
- Sweden0.01%
FFUT Performance
Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.
Not enough history yet.Not enough history yet.Not enough history yet.
FFUT$12,740
Returns run to the Oct 12, 2026 close, with cash distributions reinvested. Each period starts on the same date that many months or years earlier. Periods over one year show the average yearly return.
| Period | FFUT |
|---|---|
| Year to date | +21.8% |
| 1 month | +1.4% |
| 3 months | +10.5% |
| 1 year | +27.4% |
| 3 years | — |
| 5 years | — |
| 10 years | — |
Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.
| Year | Return bar | FFUT |
|---|---|---|
| 2026 YTD | +21.8% | |
| 2025 | +8.2% |
FFUT in the news
FFUT Dividends
- $0.02 per share
- Irregular
Distribution data unavailable.
Distribution history
FFUT Risk
- 7.5%
How it’s calculated: standard deviation
The sample standard deviation of monthly total returns, multiplied by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Total returns include reinvested distributions.
- 2.48
How it’s calculated: Sharpe ratio
Subtract each month’s Treasury-bill return from the fund’s monthly total return.
Divide the average of those excess returns by their sample standard deviation, then multiply by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Each month uses the Treasury yield quoted at the end of the previous month.
- −5.6%
How it’s calculated: maximum drawdown
The largest percentage decline from an earlier peak, using total returns with reinvested distributions.
Uses up to five years through the last close, with at least 12 months required.
- 0.10
How it’s calculated: beta
The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.
FFUT Cost
0.82%
FFUT0.82%
- The middle half of Managed Futures funds
- Median 0.82%
6 of the 15 Managed Futures funds charge less.
Other funds in Managed Futures
- BCTASimplify Managed Futures Strategy ETFExpense ratio 0.75%1 year return +10.6%
- BDBMFiMGP DBi Managed Futures Strategy ETFExpense ratio 0.85%1 year return +29.4%
- BHOLDHarbor Alpha Layering ETF (HOLD)Expense ratio 0.70%1 year return +15.3%
- CKMLMKraneShares Mount Lucas Managed Futures Index Strategy ETFExpense ratio 0.90%1 year return +21.9%
- CFMFFirst Trust Managed Futures Strategy FundExpense ratio 0.98%1 year return +13.9%