FMF vs FTF

Comparison between FIRST TRUST MANAGED FUTURES STRATEGY FUND (FMF, ETF) and Franklin Ltd Duration Income Trust (FTF, ETF).

5-Year PerformanceFMF has outperformed FTF, delivering a return of +4.3% compared to +2.1%

FMF vs FTF - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	FMF(ETF)	FTF(ETF)
Net Assets	$260M	$260M
Expense Ratio	0.98%	N/A
Max Drawdown	24.79%	63.23%
Sharpe Ratio	1.39	-0.25
5Y Beta	0.10	0.29
5Y Dividends CAGR	228.25%	-4.40%

Net Assets

FMF

$260M

Winner

FTF

$260M

Expense Ratio

FMF

0.98%

FTF

N/A

Max Drawdown

Winner

FMF

24.79%

FTF

63.23%

Sharpe Ratio

Winner

FMF

1.39

FTF

-0.25

5Y Beta

Winner

FMF

0.10

FTF

0.29

5Y Dividends CAGR

Winner

FMF

228.25%

FTF

-4.40%

FMF vs FTF - Historical Returns

Returns include dividend reinvestment.

Period	FMF	FTF
1 month	-1.52%	-1.16%
3 months	+0.35%	+0.59%
6 months	+10.39%	+1.09%
1 year	+18.03%	+1.34%
5 years(CAGR)	+4.29%	+2.10%
10 years(CAGR)	+2.70%	+3.70%
Max(CAGR)	+1.98%	+4.92%

FMF

-1.52%

Winner

FTF

-1.16%

FMF

+0.35%

Winner

FTF

+0.59%

Winner

FMF

+10.39%

FTF

+1.09%

Winner

FMF

+18.03%

FTF

+1.34%

5Y(CAGR)

Winner

FMF

+4.29%

FTF

+2.10%

10Y(CAGR)

FMF

+2.70%

Winner

FTF

+3.70%

Max(CAGR)

FMF

+1.98%

Winner

FTF

+4.92%

FMF vs FTF - Annual Returns (2003 - 2026)

Returns include dividend reinvestment.

Year	FMF	FTF
2026	+8.20%	-1.07%
2025	+4.23%	+4.80%
2024	+7.67%	+17.84%
2023	-0.38%	+12.41%
2022	+4.68%	-22.54%
2021	+3.45%	+8.60%
2020	+5.25%	+9.26%
2019	-5.32%	+17.39%
2018	-2.31%	-14.85%
2017	+2.33%	+9.32%
2016	-4.09%	+20.34%
2015	-0.47%	-5.63%
2014	-1.10%	+0.29%
2013	+3.46%	-6.21%
2012	N/A	+17.68%
2011	N/A	+8.07%
2010	N/A	+18.35%
2009	N/A	+52.93%
2008	N/A	-20.82%
2007	N/A	-7.48%
2006	N/A	+17.38%
2005	N/A	-8.66%
2004	N/A	+8.08%
2003	N/A	-1.02%

FMF vs FTF Drawdown Comparison

The maximum drawdown for FMF was -22.22%, occurring on Mar 24, 2020. Recovery took 2001 trading sessions.

The maximum drawdown for FTF was -51.16%, occurring on Nov 21, 2008. Recovery took 587 trading sessions.

The current FMF drawdown is -1.75%. The current FTF drawdown is -3.06%.

Rank	FMF	FTF
#1	-22.22% Apr 2, 2014 - Mar 14, 2022	-51.16% May 31, 2007 - Sep 28, 2009
#2	-14.98% Jun 14, 2022 - Oct 6, 2025	-36.64% Aug 28, 2018 - Dec 18, 2020
#3	-7.98% Mar 14, 2022 - Jun 9, 2022	-28.55% Dec 28, 2021 - Sep 16, 2024
#4	-3.58% Dec 30, 2013 - Mar 27, 2014	-20.46% Feb 19, 2013 - Oct 21, 2016
#5	-3.42% Mar 12, 2026 - Apr 2, 2026	-17.04% Jul 8, 2011 - Mar 27, 2012
#6	-3.12% Oct 15, 2025 - Jan 9, 2026	-15.13% Mar 7, 2005 - Sep 15, 2006
#7	-2.51% May 18, 2026 - Jun 10, 2026	-14.73% Apr 29, 2010 - Sep 29, 2010
#8	-2.31% Feb 11, 2026 - Feb 19, 2026	-11.70% Mar 17, 2004 - Sep 3, 2004
#9	-2.22% Aug 2, 2013 - Oct 10, 2013	-11.58% Feb 19, 2025 - Jul 1, 2025
#10	-1.69% Feb 4, 2026 - Feb 6, 2026	-10.83% Oct 1, 2012 - Jan 2, 2013
#11	-1.56% Jan 15, 2026 - Feb 3, 2026	-8.82% May 24, 2012 - Jun 27, 2012
#12	-1.47% Oct 22, 2013 - Nov 14, 2013	-7.52% Oct 26, 2010 - Feb 11, 2011
#13	-1.28% Apr 29, 2026 - May 12, 2026	-6.54% Feb 10, 2026 - Mar 27, 2026
#14	-1.27% Mar 2, 2026 - Mar 4, 2026	-6.32% Sep 29, 2009 - Dec 14, 2009
#15	-1.18% Oct 8, 2025 - Oct 13, 2025	-6.09% Jan 26, 2018 - Aug 22, 2018

Correlation

Correlation between FMF and FTF is 0.53 which considered as a moderate positive correlation - the stocks show some tendency to move together.

0.53

-101

Dividend Comparison (2003 - 2026)

FMF vs FTF dividend yield comparison.

Year	FMF	FTF
2026	0.37%	5.31%
2025	5.60%	12.00%
2024	4.85%	11.13%
2023	3.09%	11.41%
2022	0.41%	12.62%
2021	3.29%	10.26%
2020	0.02%	9.50%
2019	1.05%	10.73%
2018	1.56%	12.37%
2017	0.82%	10.86%
2016	0.00%	6.56%
2015	0.00%	6.94%
2014	0.00%	7.05%
2013	2.38%	6.90%
2012	0.00%	6.35%
2011	0.00%	7.73%
2010	0.00%	7.84%
2009	0.00%	7.95%
2008	0.00%	11.27%
2007	0.00%	8.71%
2006	0.00%	7.83%
2005	0.00%	9.04%
2004	0.00%	8.11%
2003	0.00%	2.03%