FMF vs PBE

Comparison between FIRST TRUST MANAGED FUTURES STRATEGY FUND (FMF, ETF) and INVESCO BIOTECHNOLOGY & GENOME ETF (PBE, ETF).

5-Year PerformanceFMF has outperformed PBE, delivering a return of +4.3% compared to +2.0%

FMF vs PBE - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	FMF(ETF)	PBE(ETF)
Net Assets	$260M	$259M
Expense Ratio	0.98%	0.58%
Max Drawdown	24.79%	45.69%
Sharpe Ratio	1.39	1.35
5Y Beta	0.10	0.76
P/E Ratio	N/A	36.34
Forward P/E	N/A	19.88
5Y Dividends CAGR	228.25%	98.81%
5Y EPS CAGR	N/A	12.51%
Debt to Equity	N/A	54.69%
P/S Ratio	N/A	5.10
P/B Ratio	N/A	4.58

Net Assets

Winner

FMF

$260M

PBE

$259M

Expense Ratio

FMF

0.98%

Winner

PBE

0.58%

Max Drawdown

Winner

FMF

24.79%

PBE

45.69%

Sharpe Ratio

Winner

FMF

1.39

PBE

1.35

5Y Beta

Winner

FMF

0.10

PBE

0.76

P/E Ratio

FMF

N/A

PBE

36.34

Forward P/E

FMF

N/A

PBE

19.88

5Y Dividends CAGR

Winner

FMF

228.25%

PBE

98.81%

5Y EPS CAGR

FMF

N/A

PBE

12.51%

Debt to Equity

FMF

N/A

PBE

54.69%

P/S Ratio

FMF

N/A

PBE

5.10

P/B Ratio

FMF

N/A

PBE

4.58

FMF vs PBE - Holdings Comparison

FMF and PBE have 0 common holdings. Overlap is 0.00%

FMF's top 25 holdings weight is 15.01%. PBE's top 25 holdings weight is 89.66%.

Rank	FMF	PBE
#1	MORGAN STANLEY INSTL LQUDTY TRS INSTL (MISXX) - 15.01%	ILLUMINA INC (ILMN) - 6.77%
#2	N/A	UNITED THERAPEUTICS CORP (UTHR) - 5.84%
#3	N/A	BIOGEN INC (BIIB) - 4.95%
#4	N/A	INCYTE CORP (INCY) - 4.67%
#5	N/A	GILEAD SCIENCES INC (GILD) - 4.42%
#6	N/A	ALNYLAM PHARMACEUTICALS INC (ALNY) - 4.39%
#7	N/A	AMGEN INC (AMGN) - 4.38%
#8	N/A	REGENERON PHARMACEUTICALS INC (REGN) - 4.00%
#9	N/A	VERACYTE INC (VCYT) - 3.74%
#10	N/A	CATALYST PHARMACEUTICALS INC (CPRX) - 3.61%
#11	N/A	TG THERAPEUTICS INC (TGTX) - 3.35%
#12	N/A	ROYALTY PHARMA PLC CLASS A (RPRX) - 3.32%
#13	N/A	NEUROCRINE BIOSCIENCES INC (NBIX) - 3.30%
#14	N/A	CAREDX INC (CDNA) - 3.20%
#15	N/A	ARROWHEAD PHARMACEUTICALS INC (ARWR) - 3.10%
#16	N/A	BIOCRYST PHARMACEUTICALS INC (BCRX) - 3.06%
#17	N/A	EXELIXIS INC (EXEL) - 3.00%
#18	N/A	PROTAGONIST THERAPEUTICS INC (PTGX) - 2.98%
#19	N/A	PTC THERAPEUTICS INC (PTCT) - 2.76%
#20	N/A	HALOZYME THERAPEUTICS INC (HALO) - 2.63%
#21	N/A	VERICEL CORP (VCEL) - 2.51%
#22	N/A	REPLIGEN CORP (RGEN) - 2.51%
#23	N/A	BIO-TECHNE CORP (TECH) - 2.41%
#24	N/A	IONIS PHARMACEUTICALS INC (IONS) - 2.38%
#25	N/A	BIOMARIN PHARMACEUTICAL INC (BMRN) - 2.38%
Total Holdings	1	33

FMF vs PBE - Historical Returns

Returns include dividend reinvestment.

Period	FMF	PBE
1 month	-1.52%	+1.34%
3 months	+0.35%	+10.51%
6 months	+10.39%	+5.02%
1 year	+18.03%	+31.39%
5 years(CAGR)	+4.29%	+1.98%
10 years(CAGR)	+2.70%	+8.47%
Max(CAGR)	+1.98%	+8.90%

FMF

-1.52%

Winner

PBE

+1.34%

FMF

+0.35%

Winner

PBE

+10.51%

Winner

FMF

+10.39%

PBE

+5.02%

FMF

+18.03%

Winner

PBE

+31.39%

5Y(CAGR)

Winner

FMF

+4.29%

PBE

+1.98%

10Y(CAGR)

FMF

+2.70%

Winner

PBE

+8.47%

Max(CAGR)

FMF

+1.98%

Winner

PBE

+8.90%

FMF vs PBE - Annual Returns (2005 - 2026)

Returns include dividend reinvestment.

Year	FMF	PBE
2026	+8.20%	+2.24%
2025	+4.23%	+23.76%
2024	+7.67%	-0.05%
2023	-0.38%	+4.60%
2022	+4.68%	-11.11%
2021	+3.45%	+1.21%
2020	+5.25%	+25.68%
2019	-5.32%	+18.35%
2018	-2.31%	-2.62%
2017	+2.33%	+20.54%
2016	-4.09%	-20.66%
2015	-0.47%	+1.36%
2014	-1.10%	+36.45%
2013	+3.46%	+57.53%
2012	N/A	+13.17%
2011	N/A	-7.24%
2010	N/A	+29.99%
2009	N/A	+19.16%
2008	N/A	-25.84%
2007	N/A	+6.24%
2006	N/A	+0.45%
2005	N/A	+17.45%

FMF vs PBE Drawdown Comparison

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

The maximum drawdown for PBE was -45.69%, occurring on Mar 9, 2009. Recovery took 644 trading sessions.

The current FMF drawdown is -1.75%. The current PBE drawdown is -1.80%.

Rank	FMF	PBE
#1	-22.22% Apr 2, 2014 - Mar 14, 2022	-45.69% Oct 15, 2007 - May 6, 2010
#2	-14.98% Jun 14, 2022 - Oct 6, 2025	-44.56% Jul 17, 2015 - Jul 20, 2020
#3	-7.98% Mar 14, 2022 - Jun 9, 2022	-37.84% Feb 8, 2021 - Nov 26, 2025
#4	-3.58% Dec 30, 2013 - Mar 27, 2014	-35.71% May 6, 2010 - Apr 2, 2013
#5	-3.42% Mar 12, 2026 - Apr 2, 2026	-21.12% Feb 27, 2006 - Apr 23, 2007
#6	-3.12% Oct 15, 2025 - Jan 9, 2026	-18.86% Feb 24, 2014 - Aug 25, 2014
#7	-2.51% May 18, 2026 - Jun 10, 2026	-14.38% Jul 20, 2020 - Nov 27, 2020
#8	-2.31% Feb 11, 2026 - Feb 19, 2026	-11.73% Jan 7, 2026 - Mar 27, 2026
#9	-2.22% Aug 2, 2013 - Oct 10, 2013	-10.65% Mar 19, 2015 - Jun 18, 2015
#10	-1.69% Feb 4, 2026 - Feb 6, 2026	-10.08% Sep 12, 2005 - Nov 17, 2005
#11	-1.56% Jan 15, 2026 - Feb 3, 2026	-9.07% Apr 25, 2007 - Sep 26, 2007
#12	-1.47% Oct 22, 2013 - Nov 14, 2013	-8.60% Aug 29, 2014 - Oct 23, 2014
#13	-1.28% Apr 29, 2026 - May 12, 2026	-7.84% May 28, 2013 - Jul 5, 2013
#14	-1.27% Mar 2, 2026 - Mar 4, 2026	-7.21% Nov 29, 2013 - Jan 7, 2014
#15	-1.18% Oct 8, 2025 - Oct 13, 2025	-6.59% Oct 2, 2013 - Oct 24, 2013

Correlation

Correlation between FMF and PBE is 0.60 which considered as a moderate positive correlation - the stocks show some tendency to move together.

0.60

-101

Dividend Comparison (2009 - 2026)

FMF vs PBE dividend yield comparison.

Year	FMF	PBE
2026	0.37%	0.10%
2025	5.60%	1.00%
2024	4.85%	0.05%
2023	3.09%	0.02%
2022	0.41%	0.00%
2021	3.29%	0.00%
2020	0.02%	0.04%
2019	1.05%	0.00%
2018	1.56%	0.00%
2017	0.82%	0.57%
2016	0.00%	0.38%
2015	0.00%	1.12%
2014	0.00%	0.55%
2013	2.38%	0.00%
2009	0.00%	0.45%