FMF vs PEJ

Comparison between FIRST TRUST MANAGED FUTURES STRATEGY FUND (FMF, ETF) and INVESCO LEISURE AND ENTERTAINMENT ETF (PEJ, ETF).

5-Year PerformancePEJ has outperformed FMF, delivering a return of +7.5% compared to +4.7%

FMF vs PEJ - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	FMF(ETF)	PEJ(ETF)
Net Assets	$258M	$256M
Expense Ratio	0.98%	0.57%
Max Drawdown	24.79%	67.34%
Sharpe Ratio	0.80	0.82
5Y Beta	0.10	1.04
P/E Ratio	N/A	34.45
Forward P/E	N/A	23.18
5Y Dividends CAGR	227.06%	0.19%
Debt to Equity	N/A	199.77%
P/S Ratio	N/A	1.74
P/B Ratio	N/A	6.56

Net Assets

Winner

FMF

$258M

PEJ

$256M

Expense Ratio

FMF

0.98%

Winner

PEJ

0.57%

Max Drawdown

Winner

FMF

24.79%

PEJ

67.34%

Sharpe Ratio

FMF

0.80

Winner

PEJ

0.82

5Y Beta

Winner

FMF

0.10

PEJ

1.04

P/E Ratio

FMF

N/A

PEJ

34.45

Forward P/E

FMF

N/A

PEJ

23.18

5Y Dividends CAGR

Winner

FMF

227.06%

PEJ

0.19%

Debt to Equity

FMF

N/A

PEJ

199.77%

P/S Ratio

FMF

N/A

PEJ

1.74

P/B Ratio

FMF

N/A

PEJ

6.56

FMF vs PEJ - Holdings Comparison

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

FMF's top 25 holdings weight is 32.95%. PEJ's top 25 holdings weight is 88.98%.

Rank	FMF	PEJ
#1	MORGAN STANLEY INSTL LQUDTY TRS INSTL (MISXX) - 32.95%	EXPEDIA GROUP INC (EXPE) - 6.57%
#2	N/A	AIRBNB INC ORDINARY SHARES CLASS A (ABNB) - 6.11%
#3	N/A	VIKING HOLDINGS LTD (VIK) - 5.34%
#4	N/A	SYSCO CORP (SYY) - 5.06%
#5	N/A	STARBUCKS CORP (SBUX) - 4.81%
#6	N/A	HILTON WORLDWIDE HOLDINGS INC (HLT) - 4.48%
#7	N/A	MARRIOTT INTERNATIONAL INC CLASS A (MAR) - 4.28%
#8	N/A	LAS VEGAS SANDS CORP (LVS) - 4.13%
#9	N/A	LINDBLAD EXPEDITIONS HOLDINGS INC (LIND) - 3.93%
#10	N/A	CINEMARK HOLDINGS INC (CNK) - 3.35%
#11	N/A	US FOODS HOLDING CORP (USFD) - 3.35%
#12	N/A	SPHERE ENTERTAINMENT CO ORDINARY SHARES CLASS A (SPHR) - 3.20%
#13	N/A	MADISON SQUARE GARDEN ENTERTAINMENT CORP (MSGE) - 3.08%
#14	N/A	MAPLEBEAR INC (CART) - 2.93%
#15	N/A	MANCHESTER UNITED PLC CLASS A (MANU) - 2.85%
#16	N/A	ARAMARK (ARMK) - 2.83%
#17	N/A	MADISON SQUARE GARDEN SPORTS CORP CLASS A (MSGS) - 2.78%
#18	N/A	ATLANTA BRAVES HOLDINGS INC CLASS C (BATRK) - 2.63%
#19	N/A	TRIPADVISOR INC (TRIP) - 2.62%
#20	N/A	MONARCH CASINO & RESORT INC (MCRI) - 2.58%
#21	N/A	TKO GROUP HOLDINGS INC (TKO) - 2.54%
#22	N/A	RESTAURANT BRANDS INTERNATIONAL INC (QSR) - 2.44%
#23	N/A	SUPER GROUP (SGHC) LTD (SGHC) - 2.43%
#24	N/A	FOX CORP CLASS A (FOXA) - 2.38%
#25	N/A	CHOICE HOTELS INTERNATIONAL INC (CHH) - 2.28%
Total Holdings	1	32

FMF vs PEJ - Historical Returns

Returns include dividend reinvestment.

Period	FMF	PEJ
1 month	-0.21%	+5.81%
3 months	-2.65%	+13.69%
6 months	+1.05%	+13.96%
1 year	+10.49%	+16.85%
5 years(CAGR)	+4.70%	+7.47%
10 years(CAGR)	+2.71%	+7.54%
Max(CAGR)	+1.85%	+8.28%

FMF

-0.21%

Winner

PEJ

+5.81%

FMF

-2.65%

Winner

PEJ

+13.69%

FMF

+1.05%

Winner

PEJ

+13.96%

FMF

+10.49%

Winner

PEJ

+16.85%

5Y(CAGR)

FMF

+4.70%

Winner

PEJ

+7.47%

10Y(CAGR)

FMF

+2.71%

Winner

PEJ

+7.54%

Max(CAGR)

FMF

+1.85%

Winner

PEJ

+8.28%

FMF vs PEJ - Annual Returns (2005 - 2026)

Returns include dividend reinvestment.

Year	FMF	PEJ
2026	+6.90%	+12.44%
2025	+4.23%	+17.31%
2024	+7.67%	+27.17%
2023	-0.38%	+16.11%
2022	+4.68%	-26.05%
2021	+3.45%	+26.38%
2020	+5.25%	-10.76%
2019	-5.32%	+13.06%
2018	-2.31%	-9.28%
2017	+2.33%	+10.47%
2016	-4.09%	+13.00%
2015	-0.47%	+4.10%
2014	-1.10%	+5.80%
2013	+3.46%	+44.90%
2012	N/A	+23.82%
2011	N/A	+0.75%
2010	N/A	+38.24%
2009	N/A	+37.52%
2008	N/A	-38.39%
2007	N/A	-8.61%
2006	N/A	+17.89%
2005	N/A	+2.54%

FMF vs PEJ Drawdown Comparison

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

The maximum drawdown for PEJ was -66.05%, occurring on Nov 20, 2008. Recovery took 860 trading sessions.

The current FMF drawdown is -2.92%. The current PEJ drawdown is -0.32%.

Rank	FMF	PEJ
#1	-22.22% Apr 2, 2014 - Mar 14, 2022	-66.05% Jul 6, 2007 - Dec 2, 2010
#2	-14.98% Jun 14, 2022 - Oct 6, 2025	-58.96% Jul 19, 2018 - Feb 22, 2021
#3	-7.98% Mar 14, 2022 - Jun 9, 2022	-36.42% Mar 15, 2021 - Nov 25, 2024
#4	-4.51% May 18, 2026 - Jul 2, 2026	-25.75% Feb 18, 2025 - Jul 3, 2025
#5	-3.58% Dec 30, 2013 - Mar 27, 2014	-23.90% Jul 7, 2011 - Feb 8, 2012
#6	-3.42% Mar 12, 2026 - Apr 2, 2026	-21.70% Mar 20, 2015 - Nov 17, 2016
#7	-3.12% Oct 15, 2025 - Jan 9, 2026	-14.36% May 8, 2006 - Oct 4, 2006
#8	-2.31% Feb 11, 2026 - Feb 19, 2026	-13.44% Mar 7, 2014 - Dec 26, 2014
#9	-2.22% Aug 2, 2013 - Oct 10, 2013	-10.67% Jul 20, 2005 - Nov 21, 2005
#10	-1.69% Feb 4, 2026 - Feb 6, 2026	-10.29% Sep 15, 2025 - Dec 22, 2025
#11	-1.56% Jan 15, 2026 - Feb 3, 2026	-9.88% Dec 22, 2025 - Apr 14, 2026
#12	-1.47% Oct 22, 2013 - Nov 14, 2013	-8.95% May 2, 2012 - Sep 13, 2012
#13	-1.28% Apr 29, 2026 - May 12, 2026	-8.52% Apr 17, 2026 - Jun 11, 2026
#14	-1.27% Mar 2, 2026 - Mar 4, 2026	-8.21% Dec 26, 2013 - Feb 24, 2014
#15	-1.18% Oct 8, 2025 - Oct 13, 2025	-8.07% May 19, 2011 - Jul 1, 2011

Correlation

Correlation between FMF and PEJ is 0.67 which considered as a moderate positive correlation - the stocks show some tendency to move together.

0.67

-101

Dividend Comparison (2005 - 2026)

FMF vs PEJ dividend yield comparison.

Year	FMF	PEJ
2026	0.83%	0.31%
2025	5.60%	0.24%
2024	4.85%	0.40%
2023	3.09%	0.46%
2022	0.41%	0.43%
2021	3.29%	0.34%
2020	0.02%	0.92%
2019	1.05%	0.39%
2018	1.56%	0.78%
2017	0.82%	0.68%
2016	0.00%	0.68%
2015	0.00%	0.52%
2014	0.00%	0.51%
2013	2.38%	0.42%
2012	0.00%	0.65%
2011	0.00%	0.68%
2010	0.00%	0.79%
2009	0.00%	0.41%
2008	0.00%	1.05%
2007	0.00%	3.81%
2006	0.00%	0.34%
2005	0.00%	0.11%