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FFUT vs MATE

Fidelity Managed Futures ETF

FFUTBNasdaq

Man Active Trend Enhanced ETF

MATEDNasdaq

Overlap

Expense ratio

FFUT −0.17pt a year

FFUT0.80%MATE0.97%

Avg volume · 30D

FFUT 3.4×the volume

FFUT43.3KMATE12.8K

FFUT vs MATE Performance

Dec 31, 2025 – Oct 30, 2026

+17.6%FFUT+20.3%MATE

Dec 31, 2025 to Oct 30, 2026. FFUT +17.6%. MATE +20.3%. Use the arrow keys to read each point.0%5%10%25%30%Dec 2025Jun 2026Oct 2026
Expense ratio
FFUT 0.80%, better
MATE 0.97%
Fund size
FFUT $394M
MATE $40M
1Y total return
FFUT +20.9%
MATE No data
Holdings
FFUT 61
MATE 20
Avg volume (30D)
FFUT 43.3K sh, better
MATE 12.8K sh
NAV per share
FFUT $62.49
MATE $31.07
52W range

ETF.net Grade

FFUT: Cost 63, Risk 77, Mission not scored, Tradability 46, Holdings 0, Durability 73. MATE: Cost 20, Risk 34, Mission not scored, Tradability 38, Holdings not scored, Durability 22.
Pillar letters and Scores for FFUT, MATE, with each pillar’s weight
PillarFFUTMATE
Cost30% weightB63HigherF20
Mission25% weightNot scoredNot scored
Risk15% weightA77HigherD34
Tradability15% weightC46HigherD38
Holdings10% weightF0Not scored
Durability5% weightA73HigherF22

Rank among Managed Futures funds

How we build Categories ›
Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

Same Category. FFUT and MATE are both graded against the same 14 Managed Futures funds, so their Grades compare head to head.

Managed Futures⁠

Category · 14 funds
See all 14 ›

FFUT ranks 4th and MATE 12th 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
  6. Rank 11DHFMFUnlimited HFMF Managed Futures ETFScore 28
  7. Rank 12DMATEMan Active Trend Enhanced ETFScore 27
  8. Rank 13FTFPNBlueprint Chesapeake Multi-Asset Trend ETFScore 23

Our read on each fund

ETF.net Research

FFUTBFidelity Managed Futures ETF

MATEDMan Active Trend Enhanced 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.

MATE 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.

MATE 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

MATE 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.

MATE No data

Full FFUT profile⁠

Full MATE profile⁠

FFUT vs MATE Holdings

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 MATE Cost

Overpaying MATE vs FFUT

$2,852

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

  • FFUT 0.80%

    $15,346

  • MATE 0.97%

    $18,198

$10,000
30 years

Cost over time

  • FFUT 0.80%
  • MATE 0.97%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$5K$10K$15K$20K051015202530MATE $18,198FFUT $15,346

Year by year

YearFFUTMATEOverpaying
10$1,422$1,712$290
20$5,393$6,443$1,050
30$15,346$18,198$2,852

Expense ratio

  • 0.80%FFUT, cheaper
  • 0.97%MATE
  • Middle half of Managed Futures funds
  • Median 0.85%

FFUT 5th cheapest of 14 funds

MATE 10th cheapest of 14 funds

FFUT vs MATE Dividends

Last 12 months to Oct 30, 2026
Payout (12M)
FFUT No data
MATE None
Last payment
FFUT $0.02
MATE No data
Ex-dividend
FFUT Dec 30, 2025
MATE No data
Paid on
FFUT Jan 2, 2026
MATE No data
Frequency
FFUT Irregular
MATE No data

Distribution history

Per share, 2025 to 2026, same scale for both

FFUTIrregular · 2 paymentsAll FFUT payments⁠
One bar per payment. 2 payments from 2025 to 2026 YTD. Dec 19, 2025 $1.10; Dec 30, 2025 $0.02. Use the arrow keys to read each point.$0$12026YTD
MATEAll MATE payments⁠

No distribution history available.

FFUT vs MATE 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 2025MATE No data
Return per unit of riskSharpe ratio, 3 years
FFUT 1.70since Jul 2025MATE No data
Worst fallMax drawdown, 5 years
FFUT −5.6%since Jun 2025MATE No data
Market sensitivityBeta, 5 years
FFUT 0.10MATE 1.21

FFUT and MATE in the news

All news⁠

Popular comparisons

  • FFUTBvsIMFA

    Fidelity Managed Futures ETF · Invesco Managed Futures Strategy ETF

    Expense ratio
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  • FFUTBvsISMFB

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    Expense ratio
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    Category
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