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FFUT vs HXF

Fidelity Managed Futures ETF

FFUTBNasdaq

Mast HedgeIndex Managed Futures Strategy ETF

HXF—NYSE Arca

Overlap

Expense ratio

Same figure. Both funds show the same value, so neither comes out ahead.

FFUT0.80%HXF0.80%

Avg volume · 30D

FFUT 8.1×the volume

FFUT43.3KHXF5.34K

FFUT vs HXF Performance

Oct 2, 2026 – Oct 16, 2026

−0.9%FFUT−1.1%HXF

Oct 2, 2026 to Oct 16, 2026. FFUT −0.9%. HXF −1.1%. Use the arrow keys to read each point.0%0.5%1%1.5%2%Oct 2Oct 9Oct 16
Expense ratio
FFUT 0.80%
HXF 0.80%
Fund size
FFUT $394M
HXF $63M
1Y total return
FFUT +18.8%
HXF No data
Yield (12M)
FFUT No data
HXF 1.24%
Holdings
FFUT 56
HXF 41
Avg volume (30D)
FFUT 43.3K sh, better
HXF 5.34K sh
NAV per share
FFUT $62.49
HXF $25.38
52W range

ETF.net Grade

  • —HXFNot yet graded
FFUT: Cost 63, Risk 77, Mission not scored, Tradability 46, Holdings 0, Durability 73.
Pillar letters and Scores for FFUT, HXF, with each pillar’s weight
PillarFFUTHXF
Cost30% weightB63Not scored
Mission25% weightNot scoredNot scored
Risk15% weightA77Not scored
Tradability15% weightC46Not scored
Holdings10% weightF0Not scored
Durability5% weightA73Not scored

Rank among Managed Futures funds

How we build Categories ›

Managed Futures⁠

Category · 14 funds
See all 14 ›

FFUT ranks 4th of 14 funds in the Managed Futures Category.

  1. Rank 1AIMFInvesco Managed Futures Strategy ETFScore 80
  2. Rank 2AWTMFWisdomTree Managed Futures Strategy FundScore 75
  3. Rank 3BISMFIshares Managed Futures Active ETFScore 66
  4. Rank 4BFFUTFidelity Managed Futures ETFScore 63
  5. Rank 4BJPFPJPMorgan Managed Futures Plus ETFScore 63

Our read on each fund

ETF.net Research

FFUTBFidelity Managed Futures ETF

HXF—Mast HedgeIndex Managed Futures Strategy ETF

In short

FFUT Fidelity's 2025 entry into managed futures: a systematic long-short model that rides price trends up or down across stocks, bonds, currencies and commodities. The fee sits at 0.80%, net of a waiver through May 31, 2027.

HXF No data

Stated mandate

FFUT 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.

HXF No data

Why people hold it

  • FFUT Trend signals run both ways, so the fund can be short bonds or long gold with equal ease across equity, fixed income, currency and commodity markets.sec.gov
  • Commodity exposure runs through a wholly owned Cayman subsidiary, capped at 25% of assets, keeping it all inside a 1940 Act fund that sends a 1099, not a K-1.sec.gov
  • At 0.80% net of a waiver through May 31, 2027, the fee lands near the middle of a small managed futures field rather than at the premium end alternatives often occupy.
  • Returns come from trend signals rather than owning the market, which is why Fidelity pitches it as a diversifier alongside stocks and bonds.fidelity.com

HXF No data

Worth knowing

  • FFUT Trades thinly, so bid-ask spreads can widen and larger orders may need patience.
  • Cheaper trend options exist: JPFP charges 0.59% with no waiver, WTMF 0.66% net of a waiver through December 31, 2026.
  • Launched in June 2025, so there is no multi-cycle record, and trend models can give back ground in choppy, directionless markets.

HXF No data

Full FFUT profile⁠

Full HXF profile⁠

FFUT vs HXF Holdings

As of
How we measure overlap

Each holding counts at its smaller weight in the two funds, summed over the full Holdings. Sector, country and asset class use the same rule on each fund’s split. Cash, FX and derivative lines stay out of the counts. Two bond funds get no overlap figure.

FFUT vs HXF Cost

Same expense ratio

$15,346

On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.

  • FFUT 0.80%

    $15,346

  • HXF 0.80%

    $15,346

$10,000
30 years

Cost over time

  • FFUT 0.80%
  • HXF 0.80%
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$5K$10K$15K$20K051015202530FFUT $15,346HXF $15,346

Year by year

YearFFUTHXF
10$1,422$1,422
20$5,393$5,393
30$15,346$15,346

Expense ratio

  • 0.80%FFUT
  • 0.80%HXF
  • Middle half of Managed Futures funds
  • Median 0.85%

FFUT 5th cheapest of 14 funds

HXF 5th cheapest of 14 funds

FFUT vs HXF Dividends

Last 12 months to Nov 2, 2026
Yield (12M)
FFUT No data
HXF 1.24%
Payout (12M)
FFUT No data
HXF $0.31
Last payment
FFUT $0.02
HXF $0.03
Ex-dividend
FFUT Dec 30, 2025
HXF Sep 18, 2026
Paid on
FFUT Jan 2, 2026
HXF Sep 25, 2026
Frequency
FFUT Irregular
HXF Quarterly

Distribution history

Per share, 2021 to 2026, same scale for both

FFUTIrregular · 2 paymentsAll FFUT payments⁠
One bar per payment. 2 payments from 2021 to 2026 YTD. Dec 19, 2025 $1.10; Dec 30, 2025 $0.02. Use the arrow keys to read each point.$0$220232026YTD
HXFQuarterly · 11 paymentsAll HXF payments⁠
One bar per payment. 11 payments from 2021 to 2026 YTD. Dec 22, 2021 $0.86; Dec 20, 2022 $1.87; Dec 20, 2023 $0.05; Dec 18, 2024 $0.25; Mar 21, 2025 $0.06; Jun 23, 2025 $0.03; Sep 19, 2025 $0.02; Dec 18, 2025 $0.13; Mar 20, 2026 $0.05; Jun 23, 2026 $0.10; Sep 18, 2026 $0.03. Use the arrow keys to read each point.$0$220232026YTD

FFUT vs HXF Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years
FFUT 8.5%since Jul 2025HXF No data
Return per unit of riskSharpe ratio, 3 years
FFUT 1.70since Jul 2025HXF No data
Worst fallMax drawdown, 5 years
FFUT −5.9%since Jun 2025HXF No data
Market sensitivityBeta, 5 years
FFUT 0.10HXF 0.09

FFUT and HXF in the news

All news⁠

Popular comparisons

  • FFUTBvsIMFA

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    Expense ratio
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  • HXF—vsWTMFA

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    Category
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  • FFUTBvsISMFB

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    Expense ratio
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    Category
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  • HXF—vsISMFB

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    Expense ratio
    0.80% · 0.80%
    Category
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