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ISMF vs TFFI

Ishares Managed Futures Active ETF

ISMFBCboe

Chesapeake Trend-Following Fixed Income ETF

TFFIFNYSE Arca

Overlap

0.0%by weight

Expense ratio

ISMF −0.20pt a year

ISMF0.80%TFFI1.00%

Avg volume · 30D

ISMF 2.1×the volume

ISMF23.4KTFFI11.3K

ISMF vs TFFI Performance

Jul 31, 2026 – Oct 30, 2026

+0.5%ISMF+3.9%TFFI

Jul 31, 2026 to Oct 30, 2026. ISMF +0.5%. TFFI +3.9%. Use the arrow keys to read each point.2%6%8%Jul 2026Sep 2026Oct 2026
Expense ratio
ISMF 0.80%, better
TFFI 1.00%
Fund size
ISMF $37M
TFFI $41M
1Y total return
ISMF +12.1%
TFFI No data
Holdings
ISMF 17
TFFI 37
Avg volume (30D)
ISMF 23.4K sh, better
TFFI 11.3K sh
NAV per share
ISMF $28.29
TFFI $21.07
52W range

ETF.net Grade

ISMF: Cost 63, Risk 81, Mission not scored, Tradability 64, Holdings not scored, Durability 46. TFFI: Cost 7, Risk 7, Mission not scored, Tradability 51, Holdings not scored, Durability 28.
Pillar letters and Scores for ISMF, TFFI, with each pillar’s weight
PillarISMFTFFI
Cost30% weightB63HigherF7
Mission25% weightNot scoredNot scored
Risk15% weightA81HigherF7
Tradability15% weightB64HigherC51
Holdings10% weightNot scoredNot scored
Durability5% weightC46HigherD28

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. ISMF and TFFI 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 ›

ISMF ranks 3rd and TFFI 14th 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 13FTFPNBlueprint Chesapeake Multi-Asset Trend ETFScore 23
  6. Rank 14FTFFIChesapeake Trend-Following Fixed Income ETFScore 18

Our read on each fund

ETF.net Research

ISMFBIshares Managed Futures Active ETF

TFFIFChesapeake Trend-Following Fixed Income ETF

In short

ISMF No data

TFFI Trend-following usually means chasing every market at once. TFFI aims the same playbook at global fixed income, wrapped as a commodity pool, with a prospectus that puts capital preservation ahead of growth.

Stated mandate

ISMF No data

TFFI The Fund seeks to preserve capital and generate long-term capital appreciation.

Why people hold it

ISMF No data

  • TFFI Narrow by design: a trend system pointed at global fixed income instead of the usual grab bag of commodities, currencies and stock index futures.
  • The stated objective leads with preserving capital, then long-term appreciation. That ordering is unusual in a corner of the market built on chasing big moves.
  • Cohort leaders DBMF and CTA trade the whole futures board. TFFI's bonds-and-rates lane makes it a different exposure rather than another copy of the same trade.

Worth knowing

ISMF No data

  • TFFI At 1.01% a year it costs more than the managed futures cohort median of 0.95%, and more than DBMF at 0.85% or CTA at 0.75%.
  • A 2026 launch that is still small and lightly traded: live history is thin, spreads can be wide, and it sits behind the cohort's established names for now.
  • Filed as a commodity pool rather than a standard 1940 Act fund, a wrapper with its own reporting and tax rules. The prospectus spells them out.

Full ISMF profile⁠

Full TFFI profile⁠

ISMF vs TFFI Holdings

How ISMF and TFFI differ

Overlap by weight

0.0%

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

Level by level

  • Holdings0 in both0.0%
  • Countryby domicile98.8%

Sector

No Sector split for TFFI.

Country, concentration and asset class

Country by domicile

Country weights in ISMF and TFFI, widest gap first
CountryMore in ISMFMore in TFFI
United StatesTFFI +1.2 points
Other countries (4)ISMF +1.2 points

Concentration

Weight in the 10 largest Holdings

  • ISMF103.8%
  • TFFI67.2%

Securities held

  • ISMF10
  • TFFI21

Asset class

ISMF
Multi-Asset
TFFI
Equity

Holdings

  • Only in ISMF10
  • In both0
  • Only in TFFI21

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%

Only in TFFI

21 securities, 81.0% of TFFI by weight

  • 3MO TONA OSE Jun279.64%
  • FED FUND 30DAY Aug278.43%
  • FED FUND 30DAY May277.78%

Weight gaps

ISMF and TFFI share no securities.

All 28 ISMF holdings⁠All TFFI 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.

ISMF vs TFFI Cost

Overpaying TFFI vs ISMF

$3,342

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

  • ISMF 0.80%

    $15,346

  • TFFI 1.00%

    $18,688

$10,000
30 years

Cost over time

  • ISMF 0.80%
  • TFFI 1.00%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$5K$10K$15K$20K051015202530TFFI $18,688ISMF $15,346

Year by year

YearISMFTFFIOverpaying
10$1,422$1,763$341
20$5,393$6,625$1,232
30$15,346$18,688$3,342

Expense ratio

  • 0.80%ISMF, cheaper
  • 1.00%TFFI
  • Middle half of Managed Futures funds
  • Median 0.85%

ISMF 5th cheapest of 14 funds

TFFI 13th cheapest of 14 funds

ISMF vs TFFI Dividends

Last 12 months to Oct 30, 2026
Payout (12M)
ISMF No data
TFFI None
Last payment
ISMF $1.64
TFFI No data
Ex-dividend
ISMF Dec 16, 2025
TFFI No data
Paid on
ISMF Dec 19, 2025
TFFI No data
Frequency
ISMF Irregular
TFFI No data

Distribution history

Per share, 2025 to 2026, same scale for both

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
TFFIAll TFFI payments⁠

No distribution history available.

ISMF vs TFFI Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years
ISMF 6.6%since Apr 2025TFFI No data
Return per unit of riskSharpe ratio, 3 years
ISMF 1.10since Apr 2025TFFI No data
Worst fallMax drawdown, 5 years
ISMF −4.2%since Mar 2025TFFI No data
Market sensitivityBeta, 5 years
ISMF 0.23TFFI 0.19

ISMF and TFFI in the news

All news⁠

Popular comparisons

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