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ISMF vs WTMF

Ishares Managed Futures Active ETF

ISMFBCboe

WisdomTree Managed Futures Strategy Fund

WTMFANYSE Arca

Overlap

0.0%by weight

Expense ratio

WTMF −0.14pt a year

ISMF0.80%WTMF0.66%

Avg volume · 30D

WTMF 1.5×the volume

ISMF23.4KWTMF35.5K

ISMF vs WTMF Performance

Oct 31, 2025 – Oct 30, 2026

+12.1%ISMF+13.5%WTMF

Oct 31, 2025 to Oct 30, 2026. ISMF +12.1%. WTMF +13.5%. Use the arrow keys to read each point.0%5%Oct 2025Apr 2026Oct 2026
Expense ratio
ISMF 0.80%
WTMF 0.66%, better
Fund size
ISMF $37M
WTMF $264M
1Y total return
ISMF +12.1%
WTMF +13.5%, better
Yield (12M)
ISMF No data
WTMF 7.87%
Holdings
ISMF 17
WTMF 27
Avg volume (30D)
ISMF 23.4K sh
WTMF 35.5K sh, better
NAV per share
ISMF $28.29
WTMF $39.66
52W range

ETF.net Grade

ISMF: Cost 63, Risk 81, Mission not scored, Tradability 64, Holdings not scored, Durability 46. WTMF: Cost 90, Risk 72, Mission not scored, Tradability 51, Holdings 36, Durability 80.
Pillar letters and Scores for ISMF, WTMF, with each pillar’s weight
PillarISMFWTMF
Cost30% weightB63A90Higher
Mission25% weightNot scoredNot scored
Risk15% weightA81HigherA72
Tradability15% weightB64HigherC51
Holdings10% weightNot scoredD36
Durability5% weightC46A80Higher

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 WTMF 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 ›

WTMF ranks 2nd 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

Our read on each fund

ETF.net Research

ISMFBIshares Managed Futures Active ETF

WTMFAWisdomTree Managed Futures Strategy Fund

In short

ISMF No data

WTMF A managed futures veteran. Trading since 2011, WTMF takes rules-based long and short positions across commodity, currency, equity and rate futures, aiming for returns with limited direct link to stocks or bonds.

Stated mandate

ISMF No data

WTMF The Fund seeks positive total returns in rising or falling markets with limited direct correlation to broad equity or fixed-income returns. It uses a quantitative, rules-based approach with long and short futures positions across commodity, currency, equity, and interest-rate markets.

Why people hold it

ISMF No data

  • WTMF Live since January 5, 2011, making it one of the longest-tenured managed futures ETFs, and it follows a published rules-based strategy rather than a discretionary trader's judgment.wisdomtree.com
  • Charges 0.66% net of a waiver through December 31, 2026 (0.67% gross), below the median fee in the managed futures category.
  • A registered 1940 Act fund, so tax time brings a 1099 instead of the partnership K-1 that trails many futures products.
  • Spreads exposure across roughly 40 positions in commodity, currency, equity and rate futures, and sits among the stronger implementations in its peer group.

Worth knowing

ISMF No data

  • WTMF Cheaper shelf-mates exist: JPFP at 0.59%, and IMF at 0.65% net of a waiver through August 31, 2027.
  • Thinly traded next to mainstream ETFs, so bid-ask spreads can run wider and order type matters more than with a big index fund.
  • The strategy can place up to 10% of net assets in bitcoin-holding exchange-traded products and bitcoin futures (never bitcoin directly), adding a volatile sleeve.wisdomtree.com

Full ISMF profile⁠

Full WTMF profile⁠

ISMF vs WTMF Holdings

How ISMF and WTMF differ

Overlap by weight

0.0%

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

Level by level

  • Holdings0 in both0.0%

Sector

No Sector split for WTMF.

Country, concentration and asset class

Country by domicile

No country split for WTMF.

Concentration

Weight in the 10 largest Holdings

  • ISMF103.8%
  • WTMF99.3%

Securities held

  • ISMF10
  • WTMF15

Asset class

ISMF
Multi-Asset
WTMF
Alternatives

Holdings

  • Only in ISMF10
  • In both0
  • Only in WTMF15

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 WTMF

15 securities, 95.2% of WTMF by weight

  • Treasury Bill 0 1/14/202762.48%
  • Wt Managed Futures Portfolio I15.83%
  • Wisdomtree Floating Rate Tre6.99%

Weight gaps

ISMF and WTMF share no securities.

All 28 ISMF holdings⁠All 43 WTMF 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 WTMF Cost

Overpaying ISMF vs WTMF

$2,450

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

  • ISMF 0.80%

    $15,346

  • WTMF 0.66%

    $12,896

$10,000
30 years

Cost over time

  • ISMF 0.80%
  • WTMF 0.66%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$5K$10K$15K$20K051015202530ISMF $15,346WTMF $12,896

Year by year

YearISMFWTMFOverpaying
10$1,422$1,180$242
20$5,393$4,504$889
30$15,346$12,896$2,450

Expense ratio

  • 0.80%ISMF
  • 0.66%WTMF, cheaper
  • Middle half of Managed Futures funds
  • Median 0.85%

WTMF 3rd cheapest of 14 funds

ISMF 5th cheapest of 14 funds

ISMF vs WTMF Dividends

Last 12 months to Oct 30, 2026
Yield (12M)
ISMF No data
WTMF 7.87%
Payout (12M)
ISMF No data
WTMF $3.14
Last payment
ISMF $1.64
WTMF $2.81
Ex-dividend
ISMF Dec 16, 2025
WTMF Oct 27, 2026
Paid on
ISMF Dec 19, 2025
WTMF Oct 29, 2026
Frequency
ISMF Irregular
WTMF Annual

Distribution history

Per share, 2017 to 2026, same scale for both

ISMFIrregular · 1 paymentAll ISMF payments⁠
One bar per payment. 1 payment from 2017 to 2026 YTD. Dec 16, 2025 $1.64. Use the arrow keys to read each point.$0$52017202020232026YTD
WTMFAnnual · 13 paymentsAll WTMF payments⁠
One bar per payment. 13 payments from 2017 to 2026 YTD. Dec 24, 2018 $1.39; Dec 23, 2019 $0.60; Dec 21, 2020 $0.17; Oct 8, 2021 $5.21; Oct 25, 2022 $1.44; Dec 23, 2022 $0.22; Oct 25, 2023 $1.32; Dec 22, 2023 $0.34; Oct 28, 2024 $0.82; Dec 26, 2024 $0.43; Oct 28, 2025 $0.83; Dec 26, 2025 $0.33; Oct 27, 2026 $2.81. Use the arrow keys to read each point.$0$52017202020232026YTD

ISMF vs WTMF 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 2025WTMF 6.4%
Return per unit of riskSharpe ratio, 3 years
ISMF 1.10since Apr 2025WTMF 0.98
Worst fallMax drawdown, 5 years
ISMF −4.2%since Mar 2025WTMF −13.2%
Market sensitivityBeta, 5 years
ISMF 0.23WTMF 0.29

ISMF and WTMF in the news

All news⁠

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