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IMF vs ISMF

Invesco Managed Futures Strategy ETF

IMFACboe

Ishares Managed Futures Active ETF

ISMFBCboe

Overlap

0.0%by weight

Expense ratio

IMF −0.15pt a year

IMF0.65%ISMF0.80%

Avg volume · 30D

ISMF 2.7×the volume

IMF8.68KISMF23.4K

IMF vs ISMF Performance

Oct 31, 2025 – Oct 30, 2026

+20.8%IMF+12.1%ISMF

Oct 31, 2025 to Oct 30, 2026. IMF +20.8%. ISMF +12.1%. Use the arrow keys to read each point.0%5%15%25%Oct 2025Apr 2026Oct 2026
Expense ratio
IMF 0.65%, better
ISMF 0.80%
Fund size
IMF $306M
ISMF $37M
1Y total return
IMF +20.8%, better
ISMF +12.1%
Holdings
IMF 17
ISMF 17
Avg volume (30D)
IMF 8.68K sh
ISMF 23.4K sh, better
NAV per share
IMF $52.84
ISMF $28.29
52W range

ETF.net Grade

IMF: Cost 90, Risk 82, Mission not scored, Tradability 65, Holdings not scored, Durability 68. ISMF: Cost 63, Risk 81, Mission not scored, Tradability 64, Holdings not scored, Durability 46.
Pillar letters and Scores for IMF, ISMF, with each pillar’s weight
PillarIMFISMF
Cost30% weightA90HigherB63
Mission25% weightNot scoredNot scored
Risk15% weightA82HigherA81
Tradability15% weightB65HigherB64
Holdings10% weightNot scoredNot scored
Durability5% weightB68HigherC46

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. IMF and ISMF 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 ›

IMF ranks 1st and ISMF 3rd 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

IMF vs ISMF Holdings

How IMF and ISMF differ

Overlap by weight

0.0%

Shared holdings make up 0.0% of IMF and 0.0% of ISMF.

Level by level

  • Holdings0 in both0.0%
  • Sector11 Sectors89.3%

Sector

Sector weights in IMF and ISMF, widest gap first
SectorMore in IMFMore in ISMF
IndustrialsIMF +5.6 points
Consumer StaplesISMF +3.8 points
TechnologyIMF +3.0 points
EnergyISMF +2.7 points
MaterialsISMF +2.5 points
FinancialsIMF +1.3 points
CommunicationISMF +1.1 points
Health CareISMF +0.7 points
Real EstateIMF +0.4 points
Consumer DiscretionaryIMF +0.3 points
UtilitiesIMF +0.2 points

Country, concentration and asset class

Country by domicile

No country split for IMF.

Concentration

Weight in the 10 largest Holdings

  • IMF162.8%
  • ISMF103.8%

Securities held

  • IMF1
  • ISMF10

Asset class

IMF
Alternatives
ISMF
Multi-Asset

Holdings

  • Only in IMF1
  • In both0
  • Only in ISMF10

Only in IMF

1 security, 71.2% of IMF by weight

  • Invesco Premier US Government Money Portfolio71.18%

Only in ISMF

10 securities, 95.7% of ISMF by weight

  • Treasury Bill 01/21/2027 (Tbill)92.02%
  • Cad/Usd 12/16/2026 (Cad)0.90%
  • Eur/Usd 12/16/2026 (Eur)0.80%

Weight gaps

IMF and ISMF share no securities.

All 35 IMF holdings⁠All 28 ISMF 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.

IMF vs ISMF Cost

Overpaying ISMF vs IMF

$2,629

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

  • IMF 0.65%

    $12,717

  • ISMF 0.80%

    $15,346

$10,000
30 years

Cost over time

  • IMF 0.65%
  • ISMF 0.80%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$5K$10K$15K$20K051015202530ISMF $15,346IMF $12,717

Year by year

YearIMFISMFOverpaying
10$1,163$1,422$259
20$4,440$5,393$953
30$12,717$15,346$2,629

Expense ratio

  • 0.65%IMF, cheaper
  • 0.80%ISMF
  • Middle half of Managed Futures funds
  • Median 0.85%

IMF 2nd cheapest of 14 funds

ISMF 5th cheapest of 14 funds

IMF vs ISMF Dividends

Last 12 months to Oct 30, 2026
Last payment
IMF $0.46
ISMF $1.64
Ex-dividend
IMF Dec 22, 2025
ISMF Dec 16, 2025
Paid on
IMF Dec 26, 2025
ISMF Dec 19, 2025
Frequency
IMF Irregular
ISMF Irregular

Distribution history

Per share, 2025 to 2026, same scale for both

IMFIrregular · 1 paymentAll IMF payments⁠
One bar per payment. 1 payment from 2025 to 2026 YTD. Dec 22, 2025 $0.46. Use the arrow keys to read each point.$0$12026YTD
ISMFIrregular · 1 paymentAll ISMF payments⁠
One bar per payment. 1 payment from 2025 to 2026 YTD. Dec 16, 2025 $1.64. Use the arrow keys to read each point.$0$12026YTD

IMF vs ISMF Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years
IMF 11.8%since Apr 2025ISMF 6.6%since Apr 2025
Return per unit of riskSharpe ratio, 3 years
IMF 0.16since Apr 2025ISMF 1.10since Apr 2025
Worst fallMax drawdown, 5 years
IMF −15.1%since Mar 2025ISMF −4.2%since Mar 2025
Market sensitivityBeta, 5 years
IMF 0.09ISMF 0.23

IMF and ISMF in the news

All news⁠

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